Official Short-term Investments Thread

[broken_legs]

Originally posted by BigShow


Bubble will burst before these numbers are realized.

What bubble?

Gold has been slowly rising for a decade. It has trippled in 10 years. Thats equivalent to a 10% return per year as every mutual fund claims. How is that a bubble?

If you think a slow steady gradual rise in price based on fundamentals is a bubble, please define what is normal because I dont want to get caught in any of these bubbles.

[SilverRex]

Heres a look at oil, since my last post, was calling it down to the 80-82 area, as of this morning we have touched off 81.25 so as to meet my min target.

now the question is, are we done? or will there be further correction ahead?

we'll first we have to see price back over the down trending neckline possibly situated at 82.75, then we would need price to take out 84.5 to consider its ready for new highs.

[SilverRex]

another look at silver. we finally reached our target at 25, a double bottom appears to hold price up, now ideally we want to see price begining to climb and confirmation will come when silver can break above 26.50,

however since the US dollar had just broken above 79, it could dictate this correction further.

meaning if silver cannot over take 26.50, there is a possibility for it to head to the next major support near 22-23 area with 21.3 being a critical make or break.

yes what i am saying is, silver can go either way. the 22.x area would present a very good entry point but we'll just have to wait and see

[SilverRex]

UNG should become bullish if it can close above 5.70 today

[Seanith]

How far do you think Oil will go before it starts to creep up again? $80?

[SilverRex]

Originally posted by Seanith
How far do you think Oil will go before it starts to creep up again? $80?

that would be ideal, right now I dont see oil going below 80,

dollar is generally weak in november.

I see oil/NG is ready to make a move here

[SilverRex]

here is my current oil bullish view, the last time I look at oil thru the summer I was expect more of a side way grounds between 20 dollars until this correction completes.

if count is correct then we can expect oil to finish its sub wave (ii) some where between 78-80 then take off. count may be japordized if price falls below 77.50 which could indicate we may be tracing out a larger ABC with C under 67.5, until otherwise, I'll expect the next major move is up and given the 1st 5 waves up = about 54 dollars, we can now expect a target of 126 in 2011

[max_boost]

What are the markets so excited for? The return of GM!?!

[bwling]

^ Has to do with positive developments on the Irish debt issue

http://ca.news.finance.yahoo.com/s/1...eaken-u-s.html

[dawerks]

Originally posted by max_boost
What are the markets so excited for? The return of GM!?!

Um, the market has been in a bull run for almost a year now, where have you been?

Every pull back has been met with new highs. I feel bad for all the people that sold out 'back then' and missed out on the new bull run.

[mr2mike]

http://www.megaupload.com/?d=YU49KIR6

BP Canada - Market Update Nov 2010

[max_boost]

Damn, still gonna hold my HXD and wait for the markets to retract to 12,000. Who knows, I could be completely off here.

[djfob]

Sold WTN a few days ago

[dawerks]

Originally posted by max_boost
Damn, still gonna hold my HXD and wait for the markets to retract to 12,000. Who knows, I could be completely off here.

We hit 13,500 before we hit 12,000

[max_boost]

Originally posted by dawerks


We hit 13,500 before we hit 12,000

So much optimism today with GM and bailing out Ireland it might just rally into next week. Who knows though, if 13,500 comes around, I'll just have to keep buying more HXD until I make some money on it.

[SilverRex]

ok lets look at the dollar this morning. Looking back to last week, I mention the importance of 77.20 for the dollar index and how the dollar will retest 78 if this level is taking out, followed by breaking above 78 which was an obvious resistance, once price broke above 78 it then pushed dollar even higher. Over all I am still bearish in the dollar and look for price to retest between 80-81, so if the dollar is now correcting, we can then expect price to drop no lower than 77.60, it may even resume climbing higher if the correction completes today. This would mean it is trying to retest the previous breakout.

However I do have a alt count scenario marked in black. There is an out side shot that this latest top at 79.4 for the dollar is as high as she will go and the over all ABC correctional 3 waves could very well be completed. If that is the case, you will see price eventually maintain under 79.40 and break below 77.20 which was a previous resistance now turn into support. So pay attention to these levels. imo dollar will resume its decline if 77.20 is broken to the down side.



As for silver, ever since expecting silver to rally off 25, it has done so beautifully with price moving right back up to 27.4, not only that it also broke above the previous support at 26.50 which I suggested is important if silver bulls wants to see new highs. So my current bias is a bullish one for silver and appears silver will now have a mini correction that could either rally off 26.5 or even down to 25.60, as long as silver does not break below 25.40, I would suggest silver to be bullish

[SilverRex]

a quick update on NG/UNG

we've had some encouraing upticks in NG lately and so far may alt count of having a wave (ii) correction at 5.35 appears solid. With UNG closing twice above the 20 eMA is definately a very strong signs that the next move remains upwards. Final confirmation would be today's weekly close. If ung can close above 5.91 and NG above 4.09 would mark another bullish buy signal for technical investors.

Even if that does not happen it does not mean any thing bad, I'll now look to 5.35 as our ultimate make or break, below this would trigger new lows, until then my expecation is a sub wave .iii back to 7.00 or NG in the 4.5 range.

[997TT]

Originally posted by djfob
Sold WTN a few days ago

brutal dude.

I picked up GCE at $7.99...sold half yesterday at $9.02

debating picking up some WTN ... $11.50 is on the table. But deal is comprised of shares + cash so its possible Walter could go down ...hence why its trading at where its at.

also thinking of adding to my GCE position...

[max_boost]

My buddy who owns Thai Tai picked up GCE and WTN a few days ago after reading some article on it somewhere lol Talk about good timing as WTN is being bought out and GCE is up.

All my gains on HXD are now gone. Should have taken my 6% profit on the table but as usual, greed sets in lol

Hopefully next week is a downer

[SilverRex]

Originally posted by max_boost
My buddy who owns Thai Tai picked up GCE and WTN a few days ago after reading some article on it somewhere lol Talk about good timing as WTN is being bought out and GCE is up.

All my gains on HXD are now gone. Should have taken my 6% profit on the table but as usual, greed sets in lol

Hopefully next week is a downer

just becareful for holding any one position for too long,

cycle points to market rise 1st week December, not exactly confident what will happen from now until then, we could suddenly nose dive, then sharply backup.

If I was to bet, it will be a volatile few weeks, call it shake out or what ever. Over all bias for most sectors has turned bullish, its the sharp sell offs that will trap/confuse the hack out of everyone.