Own it tooGSV up 32% this am. Anyone any news on this? Thanks.
No new highs yet
Posted 09 August 2016 - 03:42 PM
Own it tooGSV up 32% this am. Anyone any news on this? Thanks.
Posted 09 August 2016 - 11:12 PM
Own it tooGSV up 32% this am. Anyone any news on this? Thanks.
No new highs yet
Well, so far so good dougie. Tonight gold up nicely while the dollar is down, but.........what will the morning bring?
Posted 10 August 2016 - 10:31 AM
there new highs for gsv, those gaps will be filled at some point
my work shows gold taking out the highs before a correction begins. i think the miners will correct 25% before its over and that will present another great buying opportunity
one thing that gets me ruffled is gross, druckenmiller, gundlach etc are paraded out trade w/the big boys.
well in 79-80 that was the slogan. buy silver trade w/the hunts. it worked until the commercials and exchange members got together and changed the rules. only selling of silver allowed.
surprises in a bull are on the upside
bulls climb a wall of worry
the dollar/yen is risk off. watching just the dollar is a mistake.
dharma
Posted 11 August 2016 - 11:12 AM
i just sold gsv 3.07 it was a tough decision. but it doubled in 3 days and i started buying it @ .38 anyway, hopefully i can come back to this one. i expect it to trade alot higher , before it gets taken out. on that note. the down cycle in gold from 11 -15 left the majors mining their high grade deposits. my guess is their reserves are depleted , especially the high grade deposits. there will be another buying frenzy soon. i had clgrf and kmkgf both of which were taken out. i look for takeovers to accelerate. and gsv has ocanf and gg as owning parts of their company. its not just gsv but many other miners are in good locations w/good drill holes . and feasibility studies . i dont know when , but it will be fairly soon
india has been absent from the gold market for longer than usual w/diwali coming up i expect that to change http://www.reuters.c...d-idUSL3N1AR4IN
for those interested in oil here is curry in a hurry take http://www.bloomberg...ot-fundamentals
i do think that this leg ends soon. and i want to raise cash. but i dont think this leg is over yet, yes , i read hadik yesterday. and him i do respect, but my work shows this lasting until later in the month and i do think new highs for gold is a real possibility
i appreciate hearing others opinions. i do my own work draw my own conclusions
dharma
Edited by dharma, 11 August 2016 - 11:14 AM.
Posted 11 August 2016 - 01:38 PM
the hgnsi =36.96% not a level where i would expect a top. i expect real excitement at the top. monday is a turn date for me. lets see if we bottom then. as the miners go higher and higher, other fund managers are forced into the sector. its a self perpetuating thing.
trump is the outsider. i cant see the fed doing anything that would jeopardize hillarys coronation. when they raised in december , the stock market had a hard time . w/the election i cant see them raising in sept.
dharma
Posted 11 August 2016 - 06:36 PM
dharma
"i just sold gsv 3.07 it was a tough decision. but it doubled in 3 days and i started buying it @ .38 anyway, hopefully i can come back to this one. i expect it to trade alot higher , before it gets taken out."
Just so happens I sold my position in GSV yesterday and today.. Did not do as well as you though as I sold @ $2.47 and $2.87. A big congratulations is in order for you........started buying @ .38 and selling @ $3.07. I can't see where it gets any better than that.
I am definitely on the hunt for new and old companies to buy including, as you mentioned, getting back into GSV at some lower price. Perhaps an opportunity this fall. Of course I still own some explorers and a few small to mid tier producers so there is something available to catch any nearer term higher prices. I did buy a small position in DUST yesterday as a kind of hedge. Will see what happens. So far it is at a tiny loss. Thanks for the updates and links.
Best to you.
Posted 12 August 2016 - 02:45 AM
we seem to be near a turn down here.
WE made almost the 38% retrace of teh entire sell off in GDX
And gold is at the top of a well defined channel.
No one is seeing a sell off of magnitude here, myself included though i have raised some cash.
Posted 12 August 2016 - 04:52 AM
dougie
"No one is seeing a sell off of magnitude here, myself included"
That maybe because August and September historically are very good months for gold so not looking for a large selloff here. I do think we get a correction soon perhaps to ~1300. On the other hand it just may take off to the upside. Will know soon enough. I am looking for a large correction in the fall so have lots and lots of dry powder for buying bargains at that time. If that doesn't work out then I will just hold my nose and jump in.
Posted 12 August 2016 - 08:30 AM
Here's a chart from an interview I did on 08/02/16 - My target is 1425 + or - $5