Official Short-term Investments Thread

[SilverRex]

you know miners are trying to bottom when gold remains down 7 dollars and the sector is green.

there is a hurst cycle suggesting bottom between march 3-5.

also miner lead gold on the sell off and so it too will lead the metals to bottom first on the next up move

[riander5]

Originally posted by SilverRex
you know miners are trying to bottom when gold remains down 7 dollars and the sector is green.

there is a hurst cycle suggesting bottom between march 3-5.

also miner lead gold on the sell off and so it too will lead the metals to bottom first on the next up move

I sure as fuck hope so!!

[jdmXSI]

Originally posted by riander5


I sure as fuck hope so!!

same here...

[riander5]

1H, 4H, 1D all oversold, only bad sign is we just topped out on weekly OB....

But really if we dont pop from those previous four being oversold as well as the fib retrace levels its hitting, well then fuck me sideways.

[Disoblige]

Yellen speaketh, and miners going crazy right now.

[SilverRex]

picked up a 2nd position at 5.90. leaving my 3rd order if we do see gdx at 21.3 at some pt

[Disoblige]

Originally posted by SilverRex
picked up a 2nd position at 5.90.

Nice entry!

The last 10 minute price action was just insane.

[SilverRex]

Originally posted by Disoblige

Nice entry!

The last 10 minute price action was just insane.

my limit order at 5.49 never triggered. been waiting all morning, but I do feel a bit optimistic given the miners hasnt been taking to the wood shed with gold being down 10 dollars.

normally my 3rd position would be applied in case of an over shoot (gdx under 21.3), anyways even I run out of patience some times.

-we not out of the woods yet, gold needs to get back above 1230 to gain any momentum. technically remains bearish.

despite the strong reversal candle looks promising, the flip side to this is that many stops will be under it. So if price breaks a new low since Yellen's speech, it could trigger more stops resulting in a rapid descend.

contemplating putting a stop under 5.84

[SilverRex]

dollar big picture. how often do you see a negative divergence being formed. I think even if the short term dollar can still make 1 last wave up above 104. medium to longer term it is setting up for a pretty significant decline if you ask me.

which would push everything up

[Disoblige]

Pop
1233 support attempt, hopefully.

Edit: Boom, 1233 support and more

[slick2404]

Curious to know who is everyone using as a broker and for level 2 data? Currently using QuestTrade IQ Software and its meh.

[troyl]

Originally posted by slick2404
Curious to know who is everyone using as a broker and for level 2 data? Currently using QuestTrade IQ Software and its meh.

I use RBC DI they have level II data. Haven't had any issues, other than the occasional outage.

Level II may only be provided based on account size or activity, not sure.

[Vanish3d]

That was a nice ride from 6 - 6.85. I'm out !

[J-hop]

Originally posted by Vanish3d
That was a nice ride from 6 - 6.85. I'm out !

Nice work, yea JDST was killing it yesterday. JNUG is clawing back today after I think I saw a 20% loss yesterday at one point on my virtual account.

[SilverRex]

getting rid of my 6.69 position at 6.9 to reduce risk at this level. will ride out my 5.9 if this rally turns into something big. but if it doesnt, I have more ammo for that elusive gdx 21.3 area

edit: massive record volume on Jnug. wondering if this means anything

[riander5]

Originally posted by J-hop


Nice work, yea JDST was killing it yesterday. JNUG is clawing back today after I think I saw a 20% loss yesterday at one point on my virtual account.

Virtual account... i wish thats what my losses were

With a few buys today though im up 5% on my position now.. ready for the momentum to swing!

[J-hop]

Originally posted by riander5


Virtual account... i wish thats what my losses were

With a few buys today though im up 5% on my position now.. ready for the momentum to swing!

Haha yea I'll be joining the fun soon enough. whole buying a house and new car thing put a damper on any sort of high risk stock investing until this year.

[bspot]

Was on the road today and super pumped to see my limit buy on JNUG filled at 5.85.

Nothing like seeing a big reversal take place and wondering if you owned any and being pleasantly surprised.

[SilverRex]

from an article The Coming Great Wealth Transfer

The formula for Financial Repression works like this:

Step 1: A government (or an entire nation) gets into trouble by borrowing too much.
Step 2: Rather than pay this debt down honestly via cutting spending (unpopular) or by defaulting (even more unpopular), the government conspires with the central bank to slowly liquidate its stack of obligations by forcing negative real interest rates on everyone -- that's when you get paid less in interest than the current rate of inflation. So if you're getting 0% on your savings, but annual price inflation for the things you need to live is more like 5% (sound familiar?), you lose.
Step 3: But there’s a problem. Negative interest rates don’t work if people can dodge the Financial Repression by parking their money safely elsewhere. So a ring fence has to be built -- using capital controls and explicit interest rate caps on and across the whole spectrum of interest-bearing securities. Nobody can be allowed access to investments offering positive interest rates. And to prevent people from simply hiding their wealth under their mattresses, cash can be outlawed. (This is what the "war on cash" and the talk of moving to a "cashless society" is really about)
Step 4: Sit back and watch with glee as everyone with savings silently and steadily has their purchasing power transferred to the debtors, be those public or private entities. You see, lower real interest rates not only reduce the government's costs of servicing its debts, but they erode the real value the debts themselves. The government is deliberately killing the value of the money we've worked hard to earn and save, for the sole purpose of avoiding the consequences of its reckless borrowing. They get a hall pass; we get screwed.

[SilverRex]

after 5 waves up on gold as well as gdx. it was expected a wave 2 pull back. gold's 61% is at 1228 while gdx has already hit theirs at 21.9.

will see if last week's low was the bottom. if not, I will be buying when gdx hits 21-21.3