Quantcast
Official Short-term Investments Thread - Page 1461 - Beyond.ca - Car Forums
Page 1461 of 1707 FirstFirst ... 1451 1460 1461 1462 1471 ... LastLast
Results 29,201 to 29,220 of 34133

Thread: Official Short-term Investments Thread

  1. #29201
    Join Date
    Feb 2005
    Location
    calgary.ab.ca
    My Ride
    E90M3 510 Wagon
    Posts
    7,545
    Rep Power
    21

    Default

    Wtf dgc...

  2. #29202
    Join Date
    Jul 2006
    Location
    Victoria Park
    My Ride
    '16 FoRS, '09 UZN215, '90 Z32, '15 Grom
    Posts
    3,685
    Rep Power
    20

    Default

    I don't know if it'll go back to the teens again to be honest.. Seems like it'll be a slow grind up until the week of the 21st, and then maybe you have a chance to get back in from the fear. Brainard saved miner's asses.

    A lot of the fear was thinking Brainard's speech was a surprise one. It wasn't. It was planned a while ago, but the word just didn't get out there until Thursday. So the rumors started spreading and caused wide panic on Friday that Feds were trying to ease the market into a hike through Brainard who is usually dovish. When you add to the fact Rosenberg spoke hawkish tones on Friday morning, it's not surprising to see this happen.
    Last edited by Disoblige; 09-12-2016 at 12:42 PM.

  3. #29203
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    Originally posted by Disoblige
    I don't know if it'll go back to the teens again to be honest.. Seems like it'll be a slow grind up until the week of the 21st, and then maybe you have a chance to get back in from the fear. Brainard saved miner's asses.

    A lot of the fear was thinking Brainard's speech was a surprise one. It wasn't. It was planned a while ago, but the word just didn't get out there until Thursday. So the rumors started spreading and caused wide panic on Friday that Feds were trying to ease the market into a hike through Brainard who is usually dovish. When you add to the fact Rosenberg spoke hawkish tones on Friday morning, it's not surprising to see this happen.
    how can we not see the market is rigged. the days of free market is over. if you cant beat them, join them.

  4. #29204
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    sold half of my Jnug, basically cleared all the position I had bought a bit too early last week averaging in around 21.2,

    leaving the other half from my 18.60 position (double up on friday) to ride if miner still has legs towards 29-30

    will leave my core miners alone for the potential breakout. and will only buy more jnug if miner does move towards a final low in the 22-23 gdx
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  5. #29205
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    the fact that gold was down yet the miners were way up yesterday marked another interesting divergence.

    here is an interesting article on this

    http://inflation.us/gold-stocks-to-e...ew-2016-highs/
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  6. #29206
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    I have orders set if gdx does make the orange path (last chart I posted) and goes under 25 for an under cut low scenario.

    otherwise I am happy with my current position if gold turns around here.
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  7. #29207
    Join Date
    Oct 2003
    Location
    calgary
    My Ride
    0.8 L of Diesel fury
    Posts
    290
    Rep Power
    0

    Default

    SilverRex, are you still holding UGAZ? I got out at +17%... good to finally see something green.

  8. #29208
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    for all our gold investor here, I have another good trading idea to share.

    if you look at how gold performed relative to the 200 day moving average. when it is stretched way above this number, it tends to snap back or consolidate until it catches up.

    one think I am thinking is happening is that no matter how strong the fundamentals are when price is just too far away from it's mean, it will get sold off. There are probably massive scripts and auto buying and selling occurring in the back ground which may explain why gold is consolidate side way for so long until it begins to be met with alot of buying pressure.

    gold's furthest stretch away from it's 200 day moving average has been between 120-150 dollars. (150 was the extreme because of the Brexit ordeal) so when it is this far out, it makes sense that gold cannot keep moving higher without waiting for the 200 day to catch up or a big drop occurs.

    right at this moment, gold is only about 63 dollars away from the 200 day support. so the risk/reward is now back on the plus side.

    I will begin to start monitor this as a way to scale down/take profit
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  9. #29209
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    here are some quick numbers just rough estimate.

    when gold price is too far from the 200DMA, pretty much it moves into a consolidation or significant drop occurs to narrow the gap.

    this year ever since gold crossed above the 200 DMA, here are the numbers when it tops and began to fall

    132+, 135+, 125+, 113+, 160+(Brexit), 128+, 111+

    and if it is close to the DMA, buying starts to pickup for a significant move to the upside

    45+, 6+, 47+, 83+, 47+

    see the pattern here. I think these are good extreme price points difference to consider for the next movement up or down. It is a good way to scale down or take profit or even enter/increase position sizes at these juncture._
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  10. #29210
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    Originally posted by el_fefes
    SilverRex, are you still holding UGAZ? I got out at +17%... good to finally see something green.
    I sold all my ugaz and bought Jnug last friday. May enter gain if there is an opportunity but right now I think my focus remains with the gold sector as it is trying to bottom where as natgas has already moved up quite a bit. (it can go both ways)

  11. #29211
    Join Date
    Jul 2015
    Location
    Calgary
    Posts
    102
    Rep Power
    0

    Default

    Ughhh oil, probably gonna tank again in the PM after API

  12. #29212
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    oil and the energy sector has really gone out of favor this summer. if oil does not make a move soon, the slow grind will continue to push energy shares even lower.

    looking at bte, it is sitting on a massive H&S neckline, technically a break would signal a huge drop down to the 3-4 area. Right now I do not think this would happen unless oil price collapses, and or a semi crash from the stock market occurs. It is always a possibility.

    just looking at pure correctional support levels. the 50% retracement is at 5.29 (that is a possible target imo) next one is way down in the 4.40 area which I do not prefer.

    oil isnt as excited to trade of late as the counts/cycles is getting difficult to read. I rather place my bet on gold.

    I do have a small position still in this sector. May give the 5.29 area a try if it hits that.

    Meg on the other hand looks a little better but perhaps it is because it has already hit the 61% retracement so technically it is running out of room to fall giving a false appearance that is is performing better. if Meg drops under 5.10 then that could be a serious implication.
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  13. #29213
    Join Date
    Jan 2004
    Location
    Calgary
    My Ride
    Vulva S40 T5 AWD
    Posts
    1,845
    Rep Power
    10

    Default

    Today was my planned day for a large scale out of JNUG.

    Whoops.

  14. #29214
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    I know I have posted 3 counts on the miners. but I mean leaning towards this scenario more.

    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  15. #29215
    Join Date
    Jul 2006
    Location
    Victoria Park
    My Ride
    '16 FoRS, '09 UZN215, '90 Z32, '15 Grom
    Posts
    3,685
    Rep Power
    20

    Default

    Oh god help us if GDX drops to $23's...

    It'll make me breakeven (at best) when it spikes up after no hike news

  16. #29216
    Join Date
    Feb 2005
    Location
    calgary.ab.ca
    My Ride
    E90M3 510 Wagon
    Posts
    7,545
    Rep Power
    21

    Default

    Yeah, I'm basically fucked... All I needed was one more up day... But noooooo

  17. #29217
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    I am not sure what you guys are doing but a surprise drop to 22 for gdx was sort of expected from a distance. it wasnt a prefer count but so far it is still in play.

    going back to the 3 possible scenario I cannot see gdx drop to 22 this fast and this soon without first going back up significantly due to alot of investor jumping in too early. if the previous chart where gdx does not make a lower low today or tomorrow and begins to turn back up looking like it has strength again, then I have to revert back to my ABC counter trend count which is a move back into the 29-30 area for a c of B wave. then a C wave down to 22.

    if this plays out, hopefully you guys who sounded like you may have over exposed in the sector can still have a 2nd chance to scale down or rebalance your portfolio.

    personally I am only using Jnug as a short term trade and holding core miners for the potential breakout. but I wanted to draw your attention to this gold chart.

    as you can see, history has taught us that breakout can be fake only to lead into an intermediate degree decline. considering how long gold has consolidated, it 'may' be running out of time and upside could be limited.

    So if gold suddenly looks good again, try to think the opposite and position yourself to take the draw down but have enough that you will be happy if the breakout is real.

    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  18. #29218
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    Originally posted by SilverRex



    I wanted to remind you guys, if gdx makes a new low this week then that is the orange path. but if it begins to climb again, then the red path is the current technical expectation from many analyst out there.

    however if and when we do see gdx climb back near 29, then we will have to see how the structure of the rally unfolds to determine if the red path is still on the table or a breakout is imminent

    gold forming positive divergence this morning with the overnight low on the 2hr chart. will see if it can turn into something good

  19. #29219
    Join Date
    Nov 2002
    Location
    Mr. Forex technical
    My Ride
    a tank
    Posts
    1,848
    Rep Power
    10

    Default

    miners are right up against a down trend line also 5m negative divergence showing up. a H&S pattern showing up in the last 2 days. if miners remain extremely bearish it could turn around right here.

    a break thru would give hope that we can still look for the wave c of B towards 29-30 in gdx.

    sold 1/3 of my Jnug just for good measure here.
    _________
    2019 IS350 AWD
    2016 IS300 AWD
    2011 Venza V6 AWD
    2009 STI AWD
    2004 TSX
    2002 WRX
    2000 Celica GT

  20. #29220
    Join Date
    Jan 2004
    Location
    Calgary
    My Ride
    Vulva S40 T5 AWD
    Posts
    1,845
    Rep Power
    10

    Default

    Unloaded half my JNUG and leaving it in cash.

    I'm back in LABU now so I will likely be sitting on cash until gold sorts its shit out.

    MCRB has been killing it. In since that dump to $8, now about to test $12 again.

Page 1461 of 1707 FirstFirst ... 1451 1460 1461 1462 1471 ... LastLast

Similar Threads

  1. The Official Trump Thread

    By ZenOps in forum Society / Law / Current Events / Politics
    Replies: 764
    Latest Threads: 04-19-2018, 04:00 PM
  2. The Official ~Your Office Pic~ Thread

    By legendboy in forum Careers
    Replies: 63
    Latest Threads: 05-29-2003, 09:24 PM
  3. Replies: 14
    Latest Threads: 04-09-2003, 12:28 PM
  4. The "Official" who is going to win the cup thread!

    By Speed_RaSiR in forum Sports, Health & Fitness
    Replies: 32
    Latest Threads: 04-08-2003, 10:41 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •