tag:blogger.com,1999:blog-7130708113832839690.post8926077394713573463..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: THE CORRECTION HAS BEGUNGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger174125tag:blogger.com,1999:blog-7130708113832839690.post-11649817498301568932010-10-22T02:51:03.717-07:002010-10-22T02:51:03.717-07:00NEW POSTNEW POSTGaryhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-64989717383017208942010-10-21T22:03:32.736-07:002010-10-21T22:03:32.736-07:00A bit of a continuation...
so...if somebody is pi...A bit of a continuation...<br /><br />so...if somebody is picking a basket of stocks they have to believe that THEIR basket will outperform gdx or gdxj or sil as a basket. And it might.<br /><br />But the question would then be could you just up your ownership of gdx/gdxj/sil from 1x to maybe 1.3x or 1.7x and get the same return for equal or lesser risk? (remember our earlier discussions on this topic.)<br /><br />And don't forget that a privately formed basket would be harder to get in and out of quickly than the ETFs which would have higher volume and lower spreads. (Some also trade as Single Stock Futures.)<br /><br />So ultimately I see no reason to start trying to pick individual companies...except for SLW. But I think we all agree that it actually *IS* a different animal from the rest.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-80139771165735925742010-10-21T21:53:34.486-07:002010-10-21T21:53:34.486-07:00I consider SLW *substantially* less risky than a r...I consider SLW *substantially* less risky than a regular 'company' in what I just said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-58352442115047096782010-10-21T21:50:53.405-07:002010-10-21T21:50:53.405-07:00JAYHAWK,
There is no real reason to trade anythin...JAYHAWK,<br /><br />There is no real reason to trade anything other than gold, silver, or slw (maybe gdx,gdxj) in my opinion.<br /><br />Higher gains are possible with more leverage (and more risk, of course).<br /><br />Picking individual companies (reading reports, analyzing geography, management, whatever) is a completely separate game and is not one I have an interest in playing. People do it cause they think it will give them more gains...and it might. But it gives a lot more risk when wrong too. And a person WILL be wrong. So somebody picking companies (if they are smart) ends up picking a basket of them in which case they are sorta right back to gdx, gdxj, and sil only with more of a headache.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-63871508236898324852010-10-21T20:47:28.917-07:002010-10-21T20:47:28.917-07:00My 2 cents in speculation: Till elections / Nov Fe...My 2 cents in speculation: Till elections / Nov Fed meeting:<br /><br />Gold trades sideways to lower.<br /><br />Market grinds sideways to higher.<br /><br />Dollar grinds sideways to higher.<br /><br />Have no clue who will win elections. Fed will announce some sort of measure for QE2 - Market will interpret it as being insufficient and fall. Gold and $$$ will be a safe haven trade and both will rise simultaneous for a short while post announcement till the Market puts in its daily cycle low sometime mid Nov. Then 'normalcy' of past 2 months will resume: Gold / SPX higher, $$$ lower.Nickhttps://www.blogger.com/profile/05224566348172561930noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-36827631708956060842010-10-21T20:46:41.034-07:002010-10-21T20:46:41.034-07:00I'm going to add 10% positions in SIL and GDXJ...I'm going to add 10% positions in SIL and GDXJ. That will take me to 100% invested. I'll add a little leverage if Gold breaks out to new highs. Probably another 10%...5% each in the same.<br />ffubsy_cooterhttps://www.blogger.com/profile/03468090772088504646noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-46494284361929078952010-10-21T20:01:42.608-07:002010-10-21T20:01:42.608-07:00TZ-
What are you stalking for your pm purchase on...TZ-<br /><br />What are you stalking for your pm purchase one this dip looks to be done? SLW sounds like but are there others you like?<br /><br />JayhawkJayhawkhttps://www.blogger.com/profile/06180238054191226687noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-37258928826716740432010-10-21T18:24:03.261-07:002010-10-21T18:24:03.261-07:00Confirming what gary said and my agreement, look a...Confirming what gary said and my agreement, look at things this way...It was REAL REAL easy to want to buy yesterday. Real easy. Even I had a sinking feeling of "oh crap...here we go again".<br /><br />That's from the 2months of conditioning. But the market will condition people...then crush them. I think that is what we see in the next few days.<br /><br />The conditioned buyers yesterday (who are already slightly negative) will bail on a single down day from here. Them selling will assist in causing over leveraged longs and late 'chasers' of the last week in doing their own selling.<br /><br />We will move down until that lump of people is squeezed out, I think. Shouldn't take too long (and yes...things are still bullish.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-8217551154969737222010-10-21T18:17:11.284-07:002010-10-21T18:17:11.284-07:00Recall yesterday the feeling of how few of us thou...Recall yesterday the feeling of how few of us thought gold even had a CHANCE of dropping.<br /><br />That was the conditioned effect of spending 2 months with continuous gains and drops that recovered in 24hrs.<br /><br />Well..today we killed that as I believed we would and now we proceed lower for a bit to bum rush everybody who climed in on yesterday's "it the bottom after ONE DAY!" rally. Now the pattern gets broken.<br /><br />SLW hit and bounced 25.50 today. As I've said, below this number the selling should increase. 22 would be gift, so I say 23-24 is buy point.<br /><br />Still thinking 1290-1300 will be gold's bottom.<br /><br />I agree with gary that it is too early to buy. It's time for some pain and to teach some lessons to the longs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-52928870818463547552010-10-21T13:49:02.984-07:002010-10-21T13:49:02.984-07:00thank you Jayhawk and Garythank you Jayhawk and GaryNike Boy2008https://www.blogger.com/profile/10480959034857242067noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-45045297095707312652010-10-21T12:43:47.719-07:002010-10-21T12:43:47.719-07:00I bought a qtr position in gdxj and paas on this p...I bought a qtr position in gdxj and paas on this pull back.Anonymoushttps://www.blogger.com/profile/07601347318769024071noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-53269342211288216042010-10-21T12:33:31.816-07:002010-10-21T12:33:31.816-07:00i can feel the tree shaking !i can feel the tree shaking !Razvanhttps://www.blogger.com/profile/05358088748230429986noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-14852711290387712482010-10-21T12:25:26.992-07:002010-10-21T12:25:26.992-07:00Check the buying on weakness on the SnP.Check the buying on weakness on the SnP.Romeo Bravohttps://www.blogger.com/profile/15492016052296061842noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-52693605022632759912010-10-21T12:20:59.515-07:002010-10-21T12:20:59.515-07:00Not sure if one can expect a support zone on the m...Not sure if one can expect a support zone on the mining charts to work unless gold has stopped going down. <br /><br />One probably has a better chance of catching the bottom by watching gold for a swing low.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-60307237899922445822010-10-21T12:16:55.283-07:002010-10-21T12:16:55.283-07:00A lot of these charts look to be double bottoms on...A lot of these charts look to be double bottoms on the other day's low-GDX, GDXJ, HUI, etc. I'm showing a decent bullish divergence on the hourly charts, but the daily MACD's appear to be plunging. 33 on GDXJ looks pretty solid, 31 after that. FWIWJayhawkhttps://www.blogger.com/profile/06180238054191226687noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-30453242573648471472010-10-21T11:35:06.542-07:002010-10-21T11:35:06.542-07:00A gap fill @ 1250 would be nice. Although I'll...A gap fill @ 1250 would be nice. Although I'll take 1316 to start buying.SkepticSquirrelhttps://www.blogger.com/profile/09975705335589927121noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-17659003494499638892010-10-21T11:20:32.948-07:002010-10-21T11:20:32.948-07:00Careful, though, as if your private currency (the ...Careful, though, as if your private currency (the $) does hit 80 the market, and thus miners, will probably tank further. But you ought to know that as you are the Puppet Master.DGhttps://www.blogger.com/profile/15668568316531084679noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-58267016305449913402010-10-21T11:19:53.268-07:002010-10-21T11:19:53.268-07:00That strategy works for most of us Gary, but not c...That strategy works for most of us Gary, but not cavity boy. His teeth always hurt.Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-82788188915895885462010-10-21T11:17:36.527-07:002010-10-21T11:17:36.527-07:00Elk,
Usually if you have no trouble buying it'...Elk,<br />Usually if you have no trouble buying it's too early. The correct time is when pulling the trigger feels like pulling teeth.<br /><br />Right now I would say your teeth are feeling just fine. Wait till it really hurts and then buy :)Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-24801144265469290442010-10-21T11:16:51.708-07:002010-10-21T11:16:51.708-07:00Nike boy-
I like the 13 & 34 Weekly EMA on SL...Nike boy-<br /><br />I like the 13 & 34 Weekly EMA on SLW...the 13 has been pretty solid support. (around 24.50)<br /><br /><a href="http://www.screencast.com/users/Jayhawk1991/folders/Jing/media/da6d3d38-5427-4fdc-a052-ec086c2810f4" rel="nofollow">SLW</a>Jayhawkhttps://www.blogger.com/profile/06180238054191226687noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-55515437591889493692010-10-21T11:13:47.665-07:002010-10-21T11:13:47.665-07:00I have been nibbling on ANV, but just to get my fe...I have been nibbling on ANV, but just to get my feet wet. Hoping we get a nice gap lower in the morning and I'll scoop some of the favs. I also have buy orders in way below the mkt in case we get some fireworks.Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-39863283620196318282010-10-21T11:12:17.721-07:002010-10-21T11:12:17.721-07:00Good trading, but I took my loss on that sharp tur...Good trading, but I took my loss on that sharp turn lower late morning. Not concerned as it was well within my risk parameters. I'm cautious ahead of that POMO scam, but if I get a daytrade signal I'll take it.<br /><br />Right now, I'm excited about the pullback in miners and doing all I can to be patient. :)Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-56959367543796396112010-10-21T11:11:06.802-07:002010-10-21T11:11:06.802-07:00Gary,
With POMO coming tomorrow and Monday, in t...Gary,<br /><br />With POMO coming tomorrow and Monday, in the pass this has push the market up. If this pattern continues, would this also weaken the dollar again thereby pushing stock, gold/silver back up too? Wondering if one should look at buying miners at the end of today then?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-632461014120438012010-10-21T11:05:49.669-07:002010-10-21T11:05:49.669-07:00SB: Whew! We just made it. I managed to only cover...SB: Whew! We just made it. I managed to only cover my "extra" shorts yesterday, so today my PM's are down a ton, but my account is unchanged. I am hoping this continues so it'll help me have the guts to load up on PM's at the bottom. My purchase and rapid sale of GDXJ did it! Am I a good contrary indicator or what?DGhttps://www.blogger.com/profile/15668568316531084679noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-85964090519301743972010-10-21T11:04:48.731-07:002010-10-21T11:04:48.731-07:00Oh, I'm ready to buy G-Train.Oh, I'm ready to buy G-Train.Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.com