Edited by alysomji, 21 April 2009 - 10:41 PM.
Got Gold?
#21
Posted 21 April 2009 - 10:40 PM
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#22
Posted 22 April 2009 - 07:36 AM
#23
Posted 22 April 2009 - 08:01 AM
good posts. that is one strategy. will it be better for most than buy and hold from 2001?
in mining stocks yes, in gold itself? probably not
NO BS
Senor
#24
Posted 22 April 2009 - 09:40 AM
will it be better for most than buy and hold from 2001?
Didn't you get the memo? One does not do "buy and hold" in this sector, unless perhaps it is bullion itself which I am doing.
cheers,
john
#25
Posted 22 April 2009 - 09:51 AM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#26
Posted 22 April 2009 - 10:34 AM
Stopped out. Small loss.Gone long the GDX. So for not going anywhere. Like to see at least a bounce to the daily down trend line.
Good trading to everyone.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#27
Posted 22 April 2009 - 10:40 AM
#28
Posted 22 April 2009 - 11:51 AM
diogenes227,
Careful here. I'm still expecting a drop into a 7,14, and 28 week low. It should be sharp and one that I can buy for a trade. Consolidation like this is not likely to mark a low. This Friday and Monday present a turn date which should mark a low for the sector. Time will tell.
cheers,
john
john,
I'm overall bearish gold stocks but just trying to play the bounce on a day trade. Didn't work today. I see it's moving up again now.
You may be right, the sector may need a sharp drop to clean some bulls before a real worthwhile bounce. Appears to me the GDX is trading almost tick for tick opposite the general market so maybe a market pullback (which is due) will get a decent rally going here.
Off topic, I hear people in Toronto are acting like it's a done deal that Brian Burke is going to get the Sedin twins for the Leafs through free agency next season. Do you know anything about that?
diogenes
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#29
Posted 22 April 2009 - 12:00 PM
There is a clear downward price channel on the hourly and the $XAU is hitting up against its upper trendline. It is overbought on the hourly but yet trying to breakout from it. I'm not betting on it today and even if it does, chasing it here is a lottery. A 14 and 28 week cycle low should have some gusto to the downside. Maybe this has been seen already. But Friday is opex for gold. So worth the wait IMO.
Off topic, I hear people in Toronto are acting like it's a done deal that Brian Burke is going to get the Sedin twins for the Leafs through free agency next season. Do you know anything about that?
That would be a godsend for T.O. Lots of rumors but no real facts. Rumor is also that T.O. would love to land John Tavares through a contorted post draft deal. They need something that sparkles that is for sure.
I watched the Canucks/Blues series a bit, more than the Montreal/Boston games. I'm actually a Canadiens fan going way back, but there is nothing to cheer about these days.
cheers,
john
Edited by SilentOne, 22 April 2009 - 12:09 PM.
#30
Posted 22 April 2009 - 12:29 PM
That would be a godsend for T.O. Lots of rumors but no real facts. Rumor is also that T.O. would love to land John Tavares through a contorted post draft deal. They need something that sparkles that is for sure.
I watched the Canucks/Blues series a bit, more than the Montreal/Boston games. I'm actually a Canadiens fan going way back, but there is nothing to cheer about these days.
Best trade I had this year was selling my Canucks ticket on Ebay for the game with Toronto to desperate Leafs fans. Only meeting this season in Vancouver between the two teams, and the only way Leafs fans could get tickets since the Canucks are on their 258th consecutive sellout. Made 100 percent. A true scalp. Vancouver, by the way, won the game.
Probably could have done the same with the Canadiens game but I wanted to see that one.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."