Loading ...Any way you spin it
This was a PM massacre today.
Roll Call !
Who’s MIA ?
PS….get used to this vomitility…it’s just beginning.
If you are shaken out here and you are “in it for the long haul”
Do yourself a favour and the rest of us too.
Stay out
Find another sector to play in.
Do you have anyone in mind specifically that you’re directing to exit stage left? Hope it’s not me.
What? Leave now? It’s just getting interesting 😉
I’m with Northstar. There might be further downside, but I bought near the close today – just some calls that seemed to be on sale.
Holding all quality miners equipped to ride out the storm. Keeping my gaze focused on the destination, not on the turbulence. Damn the torpedoes, full speed ahead!
I feel sorry for anyone (other than someone with extreme insider’s knowledge or supreme good luck) who tried playing the market when Au briefly turned up today. In fact I generally feel sorry for anyone other than the most tuned in (to luck or inside knowledge) who try to do anything within ~48 hr of the announcement.
I lost a lot of money on paper today but am back where I was about 2 weeks ago, far above where I was weeks before that, and that was well above where I was a year ago. Northstar I believe referred to zones of “turbulence”, and we have hit an air pocket. I do have to note to myself not to let the gains disappear, and remember to bail out if the air pocket sensation persists.
I personally look most of all at long term trends, using my own methods, but looking at different moving averages on different time scales (daily, weekly, monthly on a given timescale sometimes) is one readily available thing that helps. If stocks that have been great winners before, stocks one has wished to own but seemed to run away, bounce off many MAs, then that’s a good sign. If they don’t, but instead keep going down, then maybe I start having to rethink. Since I tend to have the strong bias that for the next few years that these stocks will move up, I personally use the sign that if I’m even thinking of selling a given stock I need to sell and even more aggressively than I think I should. People who aren’t inclined to think these things are going up probably should not use this sign. One of the best signs to sell will be if previous winners start crossing multiple MAs in different time frames, but that’s just one sign. If they starts moving up again, esp nice and gently, then buy.
Or so is my opinion, which is often flawed. I just think it’s as Northstar says interesting. And turbulence. The times when I was in planes that hit air pockets I always thought it was a lot of fun–people pay for that at amusement parks– except that I would have preferred some sort of absolute guarantee that the experience was limited. It’s like that.
A nickel lining ( http://www.kitcometals.com/charts/nickel_historical.html ) – at least the nickel charts look nice, at least to my glance. Not much else to like for the moment.
However, recently I commented how much I hate break-outs. They are ***sooo*** disorderly and scary! And all the excitement about them. Really bad stuff–make it hard to buy stuff easily. Now things are tamed down for a bit. However perhaps I might be getting too much of what I had been wishing for. That can happen. Obviously too much down is far worse. We’ll see.
Gold is going to step down and lose about $75-$100 then bottom in 6-8 weeks…then off to the races!
That is opinion based on what ?
Declarations such as this hold no weight if not accompanied by something concrete.
A chart perhaps
Had a major drawdown today….Bought the dips couple of hours too early. Sitting tight on quality names.