tag:blogger.com,1999:blog-7130708113832839690.post5767603012390609462..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: TOO LATE TO CHASEGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger93125tag:blogger.com,1999:blog-7130708113832839690.post-51552207567935889942010-08-18T16:25:42.559-07:002010-08-18T16:25:42.559-07:00"But being deeply pleased at the election of ..."But being deeply pleased at the election of a black president is perfectly understandable, unless of course you hate black people."<br /><br />"That's about the stupidest comment I've ever seen here. How does making fun of Tim's ridiculous story make one a racist. Pull your head from your butt."<br /><br />> You don't have to think Obama's a good president to be pleased at the election of a black president. It represents something good about this country -- a kind of progress, however small. But if the election of a black president makes you angry in and of itself, you probably have a little hate problem. <br /><br />"You probably think that because Obama is black he's a great President too."<br /><br />Not really. <br /><br />"That makes YOU the racist, just against whites."<br /><br />Thinking Obama is a great President doesn't make anybody racist any more than thinking George Bush was a great president does. In both cases, you'd be wrong, but not racist. <br /><br />"It's not about race, dumbass."<br /><br />In your case, I'm afraid it is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-56062227492409567082010-08-18T16:24:09.498-07:002010-08-18T16:24:09.498-07:00What is the obsession with Tim Knight over here? ...What is the obsession with Tim Knight over here? Over the past three days the snark o meter is on full tilt. I thought you guys are all experienced investors and don't sweat a guy like him. Man up and identify yourselves and go over to his site and bash him, or better yet, if you have enough net worth ask for his prospectus. He is required to produce his trading results. Then you'll know.<br /><br />Probably most of the bashers have no coin and are playing small ball. Tim probably made more money today in the selloff than most here's net worth.<br /><br />Finally, I don't trade Tim's trades but he has a good blog and a decent guy, and I am a subscriber to this blog, and am interested in what Gary has to say/teach, not what you guys think of Tim.Anonymoushttps://www.blogger.com/profile/01151101717150834918noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-4455399505404298762010-08-18T16:02:50.616-07:002010-08-18T16:02:50.616-07:00anon@3:16
I actually think TK is addicted to blog...anon@3:16<br /><br />I actually think TK is addicted to blogging. he just too casually lose money to be addicted to gambling IMO.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-56747723410383513782010-08-18T15:39:48.863-07:002010-08-18T15:39:48.863-07:00Thanks to G-money, I no longer have a mortgage or ...Thanks to G-money, I no longer have a mortgage or any other debt, and now own plenty of land, gold, and ammo.<br /><br />Thanks G.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-11369646897684740092010-08-18T15:28:39.682-07:002010-08-18T15:28:39.682-07:00anon@3:16
You got that right. And any idiot that...anon@3:16<br /><br />You got that right. And any idiot that thinks TK's stopouts somehow make him profitable is delusional at best. Being stopped out of 98% of your positions every time doesn't pay the mortgage.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-29834554602466483232010-08-18T15:25:19.032-07:002010-08-18T15:25:19.032-07:00For those that think TK adds value, what are you d...For those that think TK adds value, what are you doing here? Gary and TK are clearly two entirely different traders, and you must decide how you'll trade. <br /><br />The bottom line is that Gary is getting quite popular because he converts ideas and analysis to cash...no singing, dancing, or star trek.<br /><br />I'm not too far from being in the position to buy out all Gary's subscribers and keeping his analysis all for myself, and that's no joke.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-15063857877888284862010-08-18T15:16:54.057-07:002010-08-18T15:16:54.057-07:00Isn't it obvious? TK has a gambling addiction....Isn't it obvious? TK has a gambling addiction. <br /><br />Anyone trading 200-300 positions isn't seriously trying to make money, they are feeding an addiction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-51747625861921241872010-08-18T15:16:14.411-07:002010-08-18T15:16:14.411-07:00Any site that has to ban people is not credible, j...Any site that has to ban people is not credible, just like Bolshevik Russia had to censor everything as they whacked 60 million Christians.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-75323142870712452642010-08-18T15:14:06.852-07:002010-08-18T15:14:06.852-07:00Notice that TK's friends and the people that l...Notice that TK's friends and the people that like him all admit he trades like a monkey, so to speak.<br /><br />I haven't been banned from his site and I've never even commented there. I trade to make money, but his site is a failure as far as trading.<br /><br />I used to pity the people that listen and trade alongside him, but now I realize they deserve their poor results.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-14012293979938196832010-08-18T15:09:49.477-07:002010-08-18T15:09:49.477-07:00I've found that TK's trading is at best, s...I've found that TK's trading is at best, shooting from the hip. If you're going with the trend, then that strategy might look like it's working. Truth is, he changes his position frequently, sometimes right after a proclamation like today and as we all know it's easy to post only the winners and very small losers. Eventually that strategy eats your account.<br /><br />but yes, it is entertaining :)Marchttps://www.blogger.com/profile/13935848992860543227noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-50057268756671958982010-08-18T15:01:03.381-07:002010-08-18T15:01:03.381-07:00"But being deeply pleased at the election of ..."But being deeply pleased at the election of a black president is perfectly understandable, unless of course you hate black people."<br /><br />That's about the stupidest comment I've ever seen here. How does making fun of Tim's ridiculous story make one a racist. Pull your head from your butt.<br /><br />You probably think that because Obama is black he's a great President too. That makes YOU the racist, just against whites. It's not about race, dumbass.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-2460014010944161572010-08-18T14:33:47.248-07:002010-08-18T14:33:47.248-07:00Helpful gold chart:
http://stockcharts.com/h-sc/ui...Helpful gold chart:<br />http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&b=5&g=0&id=p18113741042Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-58021860163753600932010-08-18T14:28:29.464-07:002010-08-18T14:28:29.464-07:00Slope can be used profitably. There are some intel...Slope can be used profitably. There are some intelligent commenters there--Pussy comes to mind. Best thing to do is skip TK's stuff tho imo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-44918295705409638452010-08-18T14:22:24.712-07:002010-08-18T14:22:24.712-07:00regarding TK, couple of days ago, TK commented he ...regarding TK, couple of days ago, TK commented he shorted RTH with stop price. of course stop price hit around 3:30PM and wrong way TK insisted he still short RTH after the close.<br /><br />now , that's why TK is so entertaining to watch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-87685380412515448882010-08-18T13:48:27.053-07:002010-08-18T13:48:27.053-07:00John,
Gold is now up 14 out of 16 days (87.5%)
Ce...John,<br />Gold is now up 14 out of 16 days (87.5%)<br /><br />Certainly that kind of clip can't last. <br /><br />There is a cycle correction approaching so my guess is gold should probably drop down to test $1200 soon. But don't forget this is a bull market and in bull markets the surprises come on the upside.<br /><br />So I certainly wouldn't recommend anyone lose their core position.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-21414543610750616372010-08-18T13:46:04.390-07:002010-08-18T13:46:04.390-07:00One last thought on Tim Knight. Garys' posts o...One last thought on Tim Knight. Garys' posts on Tim's site got me subcribing to Gary's SMT back in 2008. So for me, Tim's site was very beneficial.Alex in Montanahttps://www.blogger.com/profile/16376478891948116192noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-9244461410424060052010-08-18T13:21:47.340-07:002010-08-18T13:21:47.340-07:00Gary, one caveat
You say 'fight the trend'...Gary, one caveat<br /><br />You say 'fight the trend' by waiting for SoS, but im not so sure the trend is up. The S&P is below the flattening 50 and 200 day MA's, and there's a big resistance at 1100 which has held twice. It's not like gold where it's a strong bull market.<br /><br />On the other hand, cyclical bulls usually last like 2.5 years, so this one being half that length would be a little bit suspicious. Still, maybe the fed's monetary policy has made this the one time it could be different.Tomnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-65524759346873366542010-08-18T13:16:46.330-07:002010-08-18T13:16:46.330-07:00Interesting gold sentiment perspective from Mark H...Interesting gold sentiment perspective from Mark Hulbert:<br /><br /><br />Gold's sentiment foundation is weakening<br /><br />Gold market enthusiasm has returned in force over the last couple of weeks, as bullion has reached a six-week high.<br /><br />Unfortunately, this enthusiasm could prove to be a problem for gold in the not-too-distant future.<br /><br />For now, though, the resurgence of this enthusiasm is not enough to cause contrarians to throw in the towel on gold's short-term trend. A short-term sell signal would be forthcoming from contrarians only if gold-market excitement were to continue jumping in coming sessions.<br /><br />In any case, the current sentiment foundation does not appear to be a strong enough foundation to support gold making a major move right away into new all-time high territory.<br /><br />I base these comments on current gold market sentiment, as indicated by the average recommended gold market exposure among a subset of short-term gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). This sentiment benchmark currently stands at 44.9%.<br /><br />As recently as the beginning of this month, in contrast, the HGNSI stood at just 9.2%. So while the rally in recent weeks started out climbing a very strong wall of worry, in the process that wall has become markedly less robust.<br /><br />To be sure, bullish sentiment is not yet so high as to be triggering immediate short-term sell signals. The HGNSI remains well below the 61% level to which it rose in January, or the 68% level to which it rose last December. And since gold bullion on both of those prior occasions was well below where it stands now, we know that a wall of worry still exists out there to some extent.<br /><br />The most bullish thing that could happen right now for gold, from a contrarian point of view, would be for bullion to pull back a bit and for gold timers to react by beating a hasty path to the exits. In that event, contrarians very well could then be forecasting an imminent major gold move into new high territory.<br /><br />The most bearish thing, in contrast, would be for gold enthusiasm to give way to even more excitement and then outright euphoria. That could very well happen in just the next few days, should gold continue to rise at the rate it has in recent sessions.<br /><br />In that event, watch out below.John V.noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-3976668000162733492010-08-18T13:15:26.774-07:002010-08-18T13:15:26.774-07:00Narcissism to the degree of a personality disorder...Narcissism to the degree of a personality disorder doesn't appear to be one of Tim's faults (one might instead include persistent bearishness, whether the action justifies it or not, and a misplaced faith in the power of broken trendlines to set off waterfall crashes). <br /><br />An obsession with Tim's personality qualities and what he's trading might also rate an entry in the DSM-IV if taken to extremes, but to each his/her own.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-50480633806265050042010-08-18T13:14:09.786-07:002010-08-18T13:14:09.786-07:00I'm not sure what your point is. Tim Knight i...I'm not sure what your point is. Tim Knight is a bad guy because he doesn't hate black people? <br /><br />The beef most intelligent, non-racist people here have with Tim Knight is that he is (usually) short gold. That doesn't make him a bad guy, it just makes him (in my opinion) a man on a tragic fool's errand. He is also a bit of a contrary indicator, because he tends to read every dip in gold as an imminent collapse - a "setup" - when in fact every dip for the last 10 years has been just that -- a dip. He seems to be addicted to touching the hot stove again and again. <br /><br />As someone who used to short stocks, I know the feeling of betting against the herd. It makes you a little smug, like Tim Knight. <br /><br />But being deeply pleased at the election of a black president is perfectly understandable, unless of course you hate black people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-74383542374745707662010-08-18T13:14:05.990-07:002010-08-18T13:14:05.990-07:00Gary,
You said:
"We already had the flash c...Gary,<br /><br />You said: <br />"We already had the flash crash. Gold AND miners completely ignored it."<br /><br />Perhaps, but I got a great deal on my SIL purchase that day.<br /><br />As to TK, I'd be willing to bet that a lot of people here got burned there. I made quite a bit of money trading with his guidance. Unfortunately, I didn't know when to quit, and I lost it all. At that point, I saw a post of Gary's explaining what's wrong with trading short, and it described my experience to a "T." Voila! Here I am. I don't blame TK. I take responsibility for my own trades -- EVEN HERE.<br /><br />BTW, you Anonymous posters. One of the great things that TK did was insist that EVERYONE post with an ID and an avatar. It makes for a great community, and people here might learn from one another if we were more forthcoming about taking responsibility for our posts.<br /><br />Best to all of you.Le Fouhttps://www.blogger.com/profile/08417796902511410002noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-6422101551869723222010-08-18T12:58:59.028-07:002010-08-18T12:58:59.028-07:00Narcissism is an abnormal love for one self, or be...Narcissism is an abnormal love for one self, or being very self absorbed or self centered. It is related to ego and vanity though not synonymous. The opposite of narcissism is humanitarian, although some narcissists hide their narcissism by participating in humanitarian efforts -- basically pretending to be something they're not, to win public support or admiration.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-326030038080195692010-08-18T12:56:37.632-07:002010-08-18T12:56:37.632-07:00Geez if you are going to fight the trend at least ...Geez if you are going to fight the trend at least have the patience to wait for a Sos day. Your odds of making a successful trade will go up greatly if you can get big money behind the trade.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-22816546803518815802010-08-18T12:53:59.175-07:002010-08-18T12:53:59.175-07:00Time to short again. You bulls just don't hav...Time to short again. You bulls just don't have the fire power to get it up do you? Pretty hard when 20% of you are unemployed.<br /><br />S&P 950 is coming. Oil will lead the way--just follow it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-778537327690136122010-08-18T12:46:16.609-07:002010-08-18T12:46:16.609-07:00Tk even shared a "true story" about raci...Tk even shared a "true story" about racism when he was a kid. A little black chap was concerned about entering Tim's house b/c it belonged to a white family. It hurt his dearly to see his friend feel like this, but Mamma Knight made it all better somehow. What a joke.Anonymousnoreply@blogger.com