Member
Posted 11 November 2016 - 10:12 AM
Bot a tiny initial GDX position below 21.80, probably goes lower but this is getting fairly extreme. I think this is the real "Trump" election fakeout and opportunity. However, that being said before committing any substantial funds I will await some confirmation of a low. As always DYODD and GLTA
NO BS
Senor
Member
Posted 11 November 2016 - 10:40 AM
Bot a tiny initial GDX position below 21.80, probably goes lower but this is getting fairly extreme. I think this is the real "Trump" election fakeout and opportunity. However, that being said before committing any substantial funds I will await some confirmation of a low. As always DYODD and GLTA
NO BS
Senor
Thanks Senor - I did the same on both GDX and GDXJ - finally feels like more capitulation today and I like that Gold moved below it's October low too - I will look to average in more whichever way it moves over the next couple of weeks, FWIW
Member
Posted 11 November 2016 - 11:19 AM
sounds good to me looks like they are throwing everything out and slv has huge volume i think it goes a little lower but i really dont care
Member
Posted 11 November 2016 - 12:32 PM
still thinkin that 1210 area for gold is a good target area, today's low 1223 so far
BSing away
Senor
Member
Posted 11 November 2016 - 01:54 PM
I think we are close to a bottom so I bought 4 stocks earlier this morning. 1 a full position and 3 are partials. I am now pretty well filled up with stocks and will likely only buy to add to positions. When this gold market rally starts again I am thinking my portfolio will definitely shine, or, so I hope. 
Member
Posted 11 November 2016 - 02:55 PM
Edited by diogenes227, 11 November 2016 - 02:59 PM.
"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."
Member
Posted 11 November 2016 - 03:22 PM
I think we are close to a bottom so I bought 4 stocks earlier this morning. 1 a full position and 3 are partials. I am now pretty well filled up with stocks and will likely only buy to add to positions. When this gold market rally starts again I am thinking my portfolio will definitely shine, or, so I hope.
You have to buy the carnage in this sector and sell the euphoria - we are all slowly learning to be patient and somewhat contrarian. Good job JG
Member
Posted 11 November 2016 - 04:07 PM
A fool and his money... (the second mousie gets the cheese)
Posted 11 November 2016 - 04:19 PM
I don't know where the bottom is, not important. I will wait for the turn.
Volume Dynamics Specialist
Posted 11 November 2016 - 05:41 PM
Gold is a STRONG TRENDING INSTRUMENT...
For example, look at the BREXIT BOUNCE - we took many months to fill those gaps and test those lows.
