Honey, I'm going to be really, really late coming home; don't wait up
Short term trades in the stock market •$$$$$•
- Thread starter TNTBudSticker
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Honey, I'm going to be really, really late coming home; don't wait up
I reckon we are getting pretty close to the final death throws. The ponzi is unraveling. Central bank intervention success half life is down to hours and days now. The Swiss intervention lasted 4 days. The BOJ's is down to hours. They are losing control and the final leg in the race to the bottom is on like Donkey Kong.
I don't think the markets can handle QEIII.
No one ever went broke underestimating the intelligence of the American public. There are years of fake solutions coming in my opinion. When the shoe shine boy starts talking about stocking up on beans, rice, oats, flower, and other necessities then the collapse will be here.
C
CascadeFarmer
I'm stocking up on more bulletsNo one ever went broke underestimating the intelligence of the American public. There are years of fake solutions coming in my opinion. When the shoe shine boy starts talking about stocking up on beans, rice, oats, flower, and other necessities then the collapse will be here.
My feeling was after the last bailout and stimulus round of the last few years if there was trouble again they've basically used up all their bullets. I dunno about years of fake solutions.
The shoe shine boy won't have time to talk about stocking up on anything. He will be slaughtered with the rest of the sheep.When the shoe shine boy starts talking about stocking up on beans, rice, oats, flower, and other necessities then the collapse will be here.
These last ten years were the years of fake solutions. The Fed is out of bullets, except to print money, and the economy is tanking again despite all the fake solutions. Many, many, market pro's suggest their will be violent dislocation in the markets if we QEIII. The gig is up. Everyone realizes that if we don't print money the market collapses. That realization is the end of the road. Confidence vanishes like thistle blowing in the wind. You can count the end of this ponzi in weeks and days. Not years.
"My boss is just a worthless liar... my co-worker is just an imbecile... money will only complicate you, trust in system and fall as well..."
Tool-Why Can't We Not Be Sober
Tool-Why Can't We Not Be Sober
C
CascadeFarmer
I'd generally agree with that. By the time Joe Six Pack is thinking about preparing it's already too late.
I remember Warren Buffet saying that the current derivative situation cannot be unwound. When the markets get even more volatile it'll trigger issues with those and exacerbate the problems fast.
AUY hitting new highs and once it cleared 14 it popped out of an even longer base going back to late '09. Should make a nice move over time.
i'm all for being prepared, but lets not go around fear mongering...
Probably my favorite band.
I'm hoping they can keep the wheels on the bus for a couple more years, but I just don't see how. The thing to watch for is social unrest. It preceded the 2008 meltdown and it will precede this one.
I mean that figuratively of course. Literally translated as destitute and hungry.
C
CascadeFarmer
AUY is really overbought right now on daily and even a weekly chart. Might be a nice option to look at on some type of pullback.
C
CascadeFarmer
To clarify that a bit it's about reverse psychology. When you see everyone talking about something, like when everyone is talking about a particular stock at the office water cooler, it's over. When the masses are chattering in a some way the event has already happened.
exactly why I'm worried about gold.
everyone and their mother is jumping into it and I have no idea what kind of correction there could be. I dont care about paper, I want physical.
what, if anything, would drop the price? margin call? QE3 would make it skyrocket if anything right?
I keep thinking back to how Soros dumped 99% of his gold holdings this first quarter, take the profits, then btfd?
C
CascadeFarmer
Metals are a hedge and not an investment IMO. When Krunch asked what to do with some $ I said buy silver, this was after the crash when it hung at around $35, forget about it and let it collect dust. Madrus said it would probably channel between $35 and $40 for awhile and looks to be spot on. Silver has not reached it's potential value and neither has gold. At some point it seems gold will be well above $2,000 an ounce.
I posted awhile back that central banks, institutions, etc. have already bought more gold this year to date than all of 2010 and they're still stocking up with no signs of letting up.
It's your call. If you buy now then average down on a dip. I think in the long run you will be OK but that's just my opinion. If I won the lottery or something I'd go buy all the gold and silver I could and forget about it.
I have been thinking about doing just that actually, averaging down if it does drop because either way I see it above 2000 this year easy.
I'm only workin with a small portfolio anyways, peas n carrots, not enough to break me even if shit hits the fan.
I like silver right now, feel like its got plenty of room to go.
x2.
Buy some and forget about it. The fundamentals are great. Paper price will eventually dislocate from the physical price.
Buy some and forget about it. The fundamentals are great. Paper price will eventually dislocate from the physical price.
Another bloodbath. Bulls tried to make a go of it, but it collapsed into the close.
Dow 10,719 -521 -4.64%
Nasdaq 2,381 -101 -4.09%
S&P 500 1,121 -52 -4.42%
Dow 10,719 -521 -4.64%
Nasdaq 2,381 -101 -4.09%
S&P 500 1,121 -52 -4.42%
hahahaha, the hits keep on coming. Bernanke tried to rally his MOMOrons into a DJI11k close on vapor volume off the early low, but everyone just let him run up the prices and then struck hard into the close. the Bernanke put has turned into a giant fade. wonder how many FSLR longs the Treasury is stuck w/ now? lolol. thanks for the free money Benicide. ill continue to STP and let profits run. none of the insiders or corporations are buying up their stocks. ominous sign to say the least.
much could force a correction in gold; margin rate increases, selling fed supplies, margin calls in equities, liquidity &/or cash shortages from banks or mutual funds, or even feigning no QE, at least for a moment. they will do ALL of these, and more, as each shot they fire off turns out to be a blank. if Soros sold off his gold holdings it wasnt any physical he had, it was the paper. ive been net short paper AU/AG for a little bit, short term is very bullish still tho. either way, was Soros unloading his gold earlier this year a smart move? missed out on half this run, he shoulda waited if anything. and when QE comes again he will be shit outta luck holding usd. hold PMs long enough and you gain an infinite yield when fiat inflates completely. its so simple, buy some fizz and throw up some puts on ultra silver or ultra gold and protect yourself 2x to the downside. then when it corrects toss the profits back into fizz at the depressed price and re-hedge. stay frosty,
-iD
much could force a correction in gold; margin rate increases, selling fed supplies, margin calls in equities, liquidity &/or cash shortages from banks or mutual funds, or even feigning no QE, at least for a moment. they will do ALL of these, and more, as each shot they fire off turns out to be a blank. if Soros sold off his gold holdings it wasnt any physical he had, it was the paper. ive been net short paper AU/AG for a little bit, short term is very bullish still tho. either way, was Soros unloading his gold earlier this year a smart move? missed out on half this run, he shoulda waited if anything. and when QE comes again he will be shit outta luck holding usd. hold PMs long enough and you gain an infinite yield when fiat inflates completely. its so simple, buy some fizz and throw up some puts on ultra silver or ultra gold and protect yourself 2x to the downside. then when it corrects toss the profits back into fizz at the depressed price and re-hedge. stay frosty,
-iD
Fucking market dropped another 529.29 points today!
http://www.reuters.com/article/2011/08/10/idUS423752537920110810
Gold is skyrocketing, I don't see any "hope and change" anytime soon. Shit! I am getting nervous, maybe time to buy survival gear? or am I overreacting? Shit is so volatile right now
http://www.reuters.com/article/2011/08/10/idUS423752537920110810
Gold is skyrocketing, I don't see any "hope and change" anytime soon. Shit! I am getting nervous, maybe time to buy survival gear? or am I overreacting? Shit is so volatile right now
And retail has left the building.
Weekly Outflows From Domestic Equity Mutual Funds Surge To $13 Billion, Nearly Surpass Post-Flash Crash Record
Weekly Outflows From Domestic Equity Mutual Funds Surge To $13 Billion, Nearly Surpass Post-Flash Crash Record
Bernanke is probably in a corner somewhere crying for his mommy.More very bad news for mutual funds (which as we disclosed last week have an all time record low cash level ergo once the liquidations begin it is game over): as of the week ended August 3, redemptions from domestic equity mutual funds surged to a near all time high $13 billion, matched only by the $13.4 billion on May 26, 2010. The problem however is that back then we had a dramatic snapback. This time, considering that the market has dropped by almost 10% since August 3, we are fairly confident next week we are due to see an all time record outflow from equity funds. To all those who incorrectly assumed that retail sentiment as expressed by redemption is a contrarian sentiment, best of luck rummaging through the gutter for those McDonalds leftovers. And just is scary is that for the second week in a row, there were outflows from every single security tracked by ICI, nothing was spared: not taxable bonds, not foreign stocks, not munis. Retail has had it with this joke of a market and is investing in ZZ and nothing else. Net result: $67 billion in cash outflows from equity mutual funds in 2011 (and $98 billion in 2010): so... does the SEC still not think there is a confidence problem vis-a-vis the churnathon known as the stock market?
