Loading ...Fidelity Trading Algorithm
I find the Fidelity trading algorithm used to calculate margin requirements to be useful in trading. Trade station not so much. For example on Thursday night the algo changed the margin requirements for DRD from 30 to 40%. It is smarter than I am. I carefully checked everything I could find on DRD and was clueless. I sold DRD and other long positions in the miners after the opening hour. I saw the same dismal charts in the miners like others have posted here. For my trading portfolio I am 90% cash and 10% long the November 50 puts on the GDXJ. I have this weird feeling that we are going to revisit the March lows. I was all the volume on friday and its going to be very difficult for me to exit unless they go into the money.
Editor’s chart for Noman ( see his comment in comment section)
March Lows ?
That’ll rot some bananas
sheesh
If you create a $xau:$gold monthly chart going back to 1985 and look at the slow stochs 14 you will see it has hooked over from the high 80’s and every time it has, nine times, it has produced a washout in the miners. wish I could post it but too dumb.
Indeed Sir Noman !
sheesh
wrong chart..stand by…will post it in your post
Thanks! Try and find a time when it hooks over and the miners do not get killed…
You’re right damn it.
And that chart by the way is the most pathetic ratio chart in history
Shows what losers we all are playing miners…even in the great Gold Bull of 01 to 11
Phys was a far better investment
The ratio cannot even break that GFC line of resistance…PATHETIC !
Gold Stocks Suck !
They have sucked for decades. I am mostly in physical but Like Don Quixote I keep tilting at windmills.
A stunning observation, Noman. Well done!
Not to state the obvious, but we all know that gold mining stocks are not meant to be long term investments. You buy for the metals bull run and you get out of town during the bear markets.