Short term trades in the stock market •$$$$$•

[Hydrosun]

JP Moron just put out a release saying they see gold at $2,500 by the end of the year on high volatility.

I'm kind of in a brass buying mood today myself.

The telepromter is giving a ponzi pep talk today too.

If the metal does have another 50% this year then silver in all forms will be great.

For a stock trade CDE is a huge silver producer and the stock is 40% off the 52 week high. They released a great earnings report today and their production is growing very nicely.

 

[CascadeFarmer]

CDE is also looking very oversold here on a daily chart.

 

[CascadeFarmer]

Here's a good take it seems on silver stocks...

Many of these silver miners are nearing short-term oversold levels and may be due for a rally. It could be a great opportunity to capitalize on these extreme declines by picking up some solid companies in the silver and gold sector. Based on technicals I would advise caution and waiting for a confirmation of a reversal pattern before entering in a position, because silver companies have yet to show a sustainable intra-day reversal pattern. Based on fundamentals, many of these companies are very well off financially and have incredible future growth prospects.

Full article with some interesting tidbits:
Here's a good take it seems on silver stocks...
http://seekingalpha.com/article/285041-silver-miners-oversold-for-no-good-reason?source=yahoo

 

[SpasticGramps]

Market crashing hard on the teleprompters ponzi pep talk.

I can sum it up real quick.

"Blah, blah, blah, America #1. Blah, Blah, markets still know America is AAA. Blah, blah, Warren Buffet said America should be rated AAAA. He's the Oracle all you sheep should believe him. Blah, blah, blah, the ponzi is doing great everyone please go back to sleep."

S&P down almost 5%.

 

[master shake]

What are good gold stocks to buy?

 

[Zen Master]

any of you guys have personal experience with a physical PM site that you'd recommend?

I remember someone mentioned apmex and that looks good, just wondering if theres cheaper premiums over spot elsewhere that wont hold my money/metal for a month.

 

[CascadeFarmer]

What are good gold stocks to buy?

AUY is the highest rated stock in it's group. There's GG, IAG, RGLD, GOLD and AEM among others.

So weird...a few weeks back had a dream the NASDAQ was down like 170 points..maybe today?

 

[SpasticGramps]

any of you guys have personal experience with a physical PM site that you'd recommend?

I remember someone mentioned apmex and that looks good, just wondering if theres cheaper premiums over spot elsewhere that wont hold my money/metal for a month.

joeuser mentioned a good site a few pages back. I forgot the name of it.

Dow briefly touched 600pts down. Close today should be interesting. ZeroHedge crashed again. Every time the markets tank ~500pts their site crashes. I hate reading the MSM media sites. They tell you nothing.

 

[Bobby Stainless]

There was a brilliant member on here awhile back named CTSV, who had a thread about "KEEP BUYING GOLD".

Wonder if anyone listened.

 

[SpasticGramps]

There was a brilliant member on here awhile back named CTSV, who had a thread about "KEEP BUYING GOLD".

Wonder if anyone listened.

I can think of a few people in this thread that did.

Several of us have been preparing for the ponzi unwind for a few years now. All my capital has been reallocated to land, metal (gold, silver, brass), and physical paper currency.

 

[SpasticGramps]

This is what wholesale sheep slaughter looks like.

Flash Crash Part 2

With QE3 to be announced tomorrow, is anyone really surprised that we just experienced Flash Crash part 2? After all Bernanke has to be thanked for rescuing the Russell 2000. Dow dropping as much as 600, BAC down 22%, Citi down 21%, and everything else bidless, Level two does not work... Total market shut down.

And for those wondering what a flash crash quite stuffing chart looks like here it is:

 

[SpasticGramps]

I went and pulled my last little bit of fiat paper out of BofA (the bank my direct deposit goes to) at lunch and I wasn't the only one lol. Their stock is quickly becoming worthless.

 

[Zen Master]

joeuser mentioned a good site a few pages back. I forgot the name of it.

yeah I looked back and it was the gainsvillecoins.com site. I was checkin it out for a while, thinkin about finally getting my feet wet, I checked out some reviews and there were some less than stellar ones regarding actual delivery taking far longer than anticipated and without any customer service along the way. Not sure I feel comfortable with that and might pay the extra on apmex to have delivery shipped in a few days. At this rate the <$1 extra over spot(oz silver) is insignificant

I wish I had more capital

 

[Sgt.Stedenko]

What a disaster. 631 points today. BofA down 18%.
The President's speech really helped, eh?

 

[SpasticGramps]

Looks like someone tried to come in (PPT?) for a stick save at 3:15. had the markets going back up for a bit, but then they collapsed into the close. Apparently Ben's unicorns and pixie dust isn't working so great. Maybe we just need more? lol Final tally for the ponzi meltdown for the day.

Dow 10,813 -632 -5.52%

Nasdaq 2,358 -175 -6.90%

S&P 500 1,120 -80 -6.65%

Gold 1,719 +67 +4.06%

Fucking epic and the party is just getting started.

 

[Sam the Caveman]

I have a friend that bought about 20 oz of gold when it was $250/oz. He said everybody was calling him crazy at the time.

He keeps them in a huge gun safe with about 20 machine guns beside a stack of military surplus ammo about the size of a cord of wood. He may be a little crazy to think you will need that much ammo.

 

[Sam the Caveman]

watching the s&p futures fall through 1200 last thursday was epic, no support at all, its like it wasn't even there. Usually big round numbers are targets of support and resistance and 1200 is a big round number. I wouldn't be suprised if we hit 1100 before the weeks out.

"1100 before the weeks out", almost did it in one day. the low, 1109.50.

 

[bentom187]

yeah I looked back and it was the gainsvillecoins.com site. I was checkin it out for a while, thinkin about finally getting my feet wet, I checked out some reviews and there were some less than stellar ones regarding actual delivery taking far longer than anticipated and without any customer service along the way. Not sure I feel comfortable with that and might pay the extra on apmex to have delivery shipped in a few days. At this rate the <$1 extra over spot(oz silver) is insignificant

I wish I had more capital

yeah me too ,i seen their BBB reviews.thinkin about starting off with some 1 gram credit suise bars if it goes bad w/ delivery its about a 70 dollar loss,im broke also so im not gonna go nuts with my first few purchases.

 

[SpasticGramps]

What a disaster. 631 points today. BofA down 18%.
The President's speech really helped, eh?

Some bloodbath. The telepromters ponzi pep talk seemed to make the situation worse. Kind of like every time Uncle Ben opens his mouth the dollar tanks and gold goes up.

When faith is finally lost it will be lost for good. The only weapon we have is to print money. The cure will be fatal for a disease that is not.

 

[TNTBudSticker]

The world’s first gold bar vending machine has been unveiled at Emirates Palace.The Gold To Go machine,itself covered in 24-carat gold, dispenses one, five and 10 gram bars as well as one ounce bars of gold,the National reported on Thursday.

This was in May10th 2010..Last year.

Anyone Familiar with the AED ?? 175AED will buy a one gram bar,AED 760 a five gram bar and AED 4,645 an ounce back in May2010.

AED/USA Converter will show the profit until now.

SKF..What a Crazy Run!! Booo--yahhh! Yup..Money's a Problem And Cramer's is pushing Baid-aids/JNJ/Johnson-Johnson