62 replies to this topic

[JGUITARSLIM]

Hourly Gold
Bullish Spring Setup....

[senorBS]

you are persistent: one of these days we may get a low....

Have to throw the jab a few times at key support , which is where XAU and HUI are now. if you don't try to buy a C wave that maybe is bottoming right at 200 day moving averages then when else?

BSing away

Senor

[JGUITARSLIM]

you are persistent: one of these days we may get a low....

Have to throw the jab a few times at key support , which is where XAU and HUI are now. if you don't try to buy a C wave that maybe is bottoming right at 200 day moving averages then when else?

BSing away

Senor

I added another 1K GDXJ as well today. Done buying...locked & loaded.
Willing to take drawdown at these extreme levels.
I am patient, kid doesn't go to college for another 16 years .
They're flushing out the weak hands nicely.

[johngeorge]

dougie

You are persistent as well. However, perhaps for reasons other than those of Senor BS and JGUITARSLIM, I think we could be at support or very close. My pinned GDX chart shows support @ $41 to $42. Of course, if it breaks that decisively then down down we go. Looks to me like there is a good trade in here.

Best to you.

you are persistent: one of these days we may get a low....

[senorBS]

you are persistent: one of these days we may get a low....

Dougie it is interesting to Senor you say this, I have been "persistently ambivalent" and in cash for weeks and weeks waiting for a correction to buy, and finally I have a reason to take a few tries at the long side with tight stops and you seem to suggest I have been trying to pick a low for a long time? (Senor scratching head )
Many have ridden this beast all the way down, different strokes I guess.

NO BS

Senor

[dougie]

senor, i assure you it was in jest. you have been trading in and out with agility is all

[senorBS]

senor, i assure you it was in jest. you have been trading in and out with agility is all

is cool. Senor was not upset, just scratching his head. Gracias for reply.

NO BS

Senor

[senorBS]

Out of gdxj on break of yesterday's low, small loss and flat. BSing away Senor

[dharma]

nimble bear posted this on ff Gary Savage says: "The simple fact is that the strategies with the largest reward almost always have the largest drawdowns. If you want to make the big money you have to adjust your thinking. I can tell you that you are never going to get rich by day trading the market. You might make a living but you are never going to be the next Warren Buffett, George Soros, or Jim Rogers." Most investors have such short little attention spans they never see the forest from the trees. It's exactly this preoccupation with the immediate that prevents the vast majority of people from making any money in the stock market much less get rich. Patience my friends is a priceless commodity in this business. One that is in very short supply in the retail community. Thank you Gary. Amen to your wisdom. nb yes, there are large drawdowns i am not posting all my trades here anymore. but i am buying select juniors. patience in this game oversold, do we get a dead cat or resumption of the trend dharma

[dougie]

true but gary bought the recent top with a vengeance, going long with margin