Member
Posted 16 February 2018 - 03:55 PM
anyone see any news on AEM? Its down almost 5% and I thought it had decent earnings the other day as it has rallied, I don't own it but was looking at it. Gracias
Senor
just could not resist, bot a very small amount at 42.88,as always DYODD
Senor
AEM is my largest holding. It's also the most expensive compared to my other miners. FWIW.
I bot a very small position earlier today and exited AEM, just have my core 25% long miner/SLV position
Member
Posted 16 February 2018 - 04:06 PM
Tough stuff near term, certainly a market of miner stocks today. AUY got blasted after earnings down over 9%, AEM down 4.4%, HL up, CDE down after a nice run, GG down 2% and NEM down less that 1%. Nice selloff in Dow from highs makes me think that abc rally may have ended today, should be a very interesting week next week
Senor
Member
Posted 16 February 2018 - 09:28 PM
MA's indeterminate but not positive
indicators borderline to negative
seems perfect environment to surprise us all
Member
Posted 18 February 2018 - 10:08 AM
Senor or Dharma, a question for you. Why wouldn't I buy $60k of GDX and sell short $20k of JNUG (3x bull) and pocket the relative JNUG decay?
Member
Posted 18 February 2018 - 11:33 AM
Senor or Dharma, a question for you. Why wouldn't I buy $60k of GDX and sell short $20k of JNUG (3x bull) and pocket the relative JNUG decay?
I won't attempt an answer because it is not something I have knowledge in
Senor
Member
Posted 18 February 2018 - 12:23 PM
tuesday is the bradley . i have astro stuff the 2nd -5 of march. there are a few possibilities here. the market has 1-2-3-and we are in 4 here or 1-2-i-ii . speculating if the turn is down tuesday(chinese still on holidays) then we could go down into march w/a dollar bounce and or the broad market hitting the skids. i lean bullish but i am cautious here. and if we take out the top of 1 i will take what i bought and sell it . and then watch the i-ii structure could still be in tack , and i will wait for more clarity. what happened in jan 16 is very similar to what is happening now. however i want to see a 5 wave structure to feel more confident . otherwise i sell what i bought and wait. if in fact gold/miners have entered a new bull market then this is very early in the game and there is lots of time to get in at good prices . its a matter of exposure .
dharma
Member
Posted 19 February 2018 - 10:53 AM
Couple important things here that I think support the case for an impending int term low:
1. I think that the HUI/GOLD ratio has or soon will put in a very important corrective bottom from the 2016 high, its very oversold and technicals IMO are on the verge of potentially turning up. I view this as bottoming action and its one "ingredient" of a potential key low soon.
2.
a weekly close above 80 last week in GSR, only have had 4 forays above that level in past couple decades and that has told us at least important intermediate term lows were not far away "time wise"
Member
Posted 19 February 2018 - 10:59 AM
Yes, the burning question is the timing of the upcoming low. Ideas, anyone?
