Is the stock market going to tank?

[iceman]

Even dead cows fly in a tornado. KGC is fine, a few big hedgies have been accumulating. It'll print 19 and higher as the sector moves up. GRS was a gift last week. It got dropped hard under 7 due to strike rumors. I jumped in on the 2nd day down, it it made up almost all the loss already.

I think I hate your posts more than any others on TGR, and that's saying a lot. The rest of you financial gurus are not far behind, but this fuckwad wins.

Either give us a heads-up, in English, or SHUT THE FUCK UP.

quit beating off when you post about how smart you are and maybe we'll get along. Doubtful as shit, but who knows?

edit: Rob Story,you fucking RUINED this place for a couple of grand and a SKI magazine credit, fuck you.

[Moeghoul]

I think I hate your posts more than any others on TGR, and that's saying a lot. The rest of you financial gurus are not far behind, but this fuckwad wins.

Either give us a heads-up, in English, or SHUT THE FUCK UP.

quit beating off when you post about how smart you are and maybe we'll get along. Doubtful as shit, but who knows?

edit: Rob Story,you fucking RUINED this place for a couple of grand and a SKI magazine credit, fuck you.

It's a market thread. If you hate my posts, put me on ignore. Only a fucktard is gonna take trade or investment ideas from a stranger on the interwebz without checking things out for themselves first. Suck it up, butthurt. I don't shit down your throat about your means of making a living.

[khakis]

Only a fucktard is gonna take trade or investment ideas from a stranger on the interwebz without checking things out for themselves first.

I think of daytrading as a gamble and the market's short-term fluctuations almost entirely dependent on the general public's hysteria at the moment. Strangers on the interwebz are a great source of data points/indicators for this phenomenon.

[Moeghoul]

I think of daytrading as a gamble and the market's short-term fluctuations almost entirely dependent on the general public's hysteria at the moment. Strangers on the interwebz are a great source of data points/indicators for this phenomenon.

That's the juice. Similar rush you get when playing poker, etc. Nothing wrong with info on the web as long as you can check it out independently.
PS Another nice day for the miners, Au/Ag movin on up. USDX took a huge drop.

[Platinum Pete]

It's a market thread. If you hate my posts, put me on ignore. Only a fucktard is gonna take trade or investment ideas from a stranger on the interwebz without checking things out for themselves first. Suck it up, butthurt. I don't shit down your throat about your means of making a living.

The day to day blogging of your mining stocks is annoying. If you and khaki and whoever else want to chop it up about your specific plays, you deserve your own thread for that. I'd like to see this thread go back to the original discussion of overall market health and ways regular folks can cover their asses in a nutty market.

[GeoMatt]

Two days in a row now for Au/Ag/U companies. I'm holding UEXCF, URG, and TGB right now.


Anyone have some general thoughts on what the petroleum industry is going to do over the next 6 to 12 months? I had a Bakken play for a little while this spring, made some money and got out; but I can't stop thinking that at these prices I should shovel some more money at the larger players for the long term.

[khakis]

The day to day blogging of your mining stocks is annoying. If you and khaki and whoever else want to chop it up about your specific plays, you deserve your own thread for that. I'd like to see this thread go back to the original discussion of overall market health and ways regular folks can cover their asses in a nutty market.

WTF dude, less than a page (out of 23!) of discussions about mining/metals stocks and how to use them as part of your investment strategy is EXACTLY what I would consider valid in a discussion of "ways regular folks can cover their asses in a nutty market"

[Moeghoul]

Day to day is an exaggeration. I mentioned precious metals over the past coupla weeks because they looked ripe for a move higher and that's where I'm focused tradewise.
Market health? Take a poll. Some are bullish, some are bearish. If the S/P can hold above 870ish by the end of next week, we'll prolly see equities rally higher into June.

[Brock Landers]

if...prolly...lots of ifs and probablys and maybes everywhere

+1 for more market health overall. Not as though Id mind a mining/metals thread. McP can be really really helpful in that, he seems to know a lot about the mines themselves- stuff finance people may not know.

[Platinum Pete]

WTF dude, less than a page (out of 23!) of discussions about mining/metals stocks and how to use them as part of your investment strategy is EXACTLY what I would consider valid in a discussion of "ways regular folks can cover their asses in a nutty market"

fine. Make it a conversation for 3-5 people instead of the dozens of folks checking in here before.

[4matic]

The success of equity offerings by the financial companies is healthy for the overall market as is leadership from the Dow 30 stocks starting on this up leg. High cash positions in money markets and mutual funds is also positive. Although a lower Volatility index can mean complacency in investors. We need to clear 930-950 SP00 with conviction to get momentum for furher gains.

http://www.marketwatch.com/story/tim...for-the-market


"That battle was circled on most major trading desks but the war will arrive at 950, a juncture where resistance, moving averages and trend lines intersect. It will take massive buying power to surmount that level, and may well be the most important crossroad of 2009."


While Ghoul' has been calling the gold market pretty straight and it has broken above resistnace, d be concerned that most of the money is already in that market and since that money is hot it could run elsewhere pretty easily.

http://www.marketwatch.com/story/gol...ecession-fears



Gold investment hits record as recession triggers demand:

"Gold investment demand in the first quarter more than tripled from a year ago to a record level as investors piled into gold exchange-traded funds to hedge against the global economic downturn, according a report released early Wednesday by an industry group.

A drop in jewelry and industrial demand partly offset the jump in investment demand, the report said. Meanwhile, gold supply also surged in the first quarter as high prices encouraged record levels of recycling, which in turn curbed the rally in prices. Gold prices made a modest 4.3% gain during the first quarter.

Investment demand totaled 595.9 metric tons in the first three months of the year, up from 171.3 metric tons a year ago, the miner-sponsored World Gold Council said. Among them, demand for gold exchange-traded funds such as the SPDR Gold Trust /quotes/comstock/13*!gld/quotes/nls/gld (GLD 92.30, +1.34, +1.47%) hit 465.1 metric tons, up sharply from 72.7 metric tons a year ago."

[ICEHOCEY77]

another rejection of the 8500 level and the 150 EMA, bearish pinbar on the dow.

[Moeghoul]

I'm outta everything long except precious metals today. Plan to start shorting next week, if history is a guide there isn't much steam left in this move.

We'll prolly retest the lows. My outlook is we chop sideways and lower into June, then we hit an inflection to retest lows.

Chopping lower. Check.

Mr. Market is getting out his ugly stick, precious metals are getting ready to break out even higher.

Broke out higher. Check.

Only thing I'm adding long is gold and silver shares. Added back more PAAS at 19 this AM. Keep an eye on the USDX, dollar looks like it's ready to fall thru
.82 on its way back to .72 and lower.

USDX= Fell thru 82 and is barely hangin on to 80. That's pretty huge, that's air under 82. Check.
PAAS over 21 today. Check.

That's my time frame. Rallies are for selling. I'm 90% precious metal related shares, not really interested in any other sectors except utilities and energy at this point. Gold's been capped at 930, I'm looking for a breakout shortly, if not today.

Gold busted thru big, looks like close around 953 today. Check.

Keep an eye on the USDX.......82.10 and falling.

Usually I pare out of a 1/3 - 1/2 position on a day like this and try to pick it up again lower, the miners get body slammed. But it looks like the stars are aligning for the metals, so I'm staying long into the open tomorrow and reassessing. There's some air under the USDX 82. I'm looking for gold at
~1000 or higher by July, maybe sooner.

Currently 80.57. pretty huge drop in currency terms. Check.

Even dead cows fly in a tornado. KGC is fine, a few big hedgies have been accumulating. It'll print 19 and higher as the sector moves up. GRS was a gift last week. It got dropped hard under 7 due to strike rumors. I jumped in on the 2nd day down, it it made up almost all the loss already.

KGC? Printed 19.10 for a high today. Check.

Lemme know where there wasn't a heads up given, Iceman. Feel free to correct anything factually incorrect. I'm a fucktard beating off all the way to the bank.

[Brock Landers]

^^ Wow what a douche. Dude noone cares about you boasting how good you are. You made ice's point.

[Moeghoul]

I'm not boasting, BL, people were posting opinions on this thread for a few weeks about market direction and I posted mine. Iceman's comment came outta left field. If he shits in my house, I'm gonna rub his nose in it.

[Brock Landers]

I dont think he cared that you posted an opinion...I took it has he getting annoyed with any time the market did anything in your favor your first inclination was to post about how youre a nostradamus and what you said was correct.

And it kinda seems like youre boasting.

If you really give a shit about what Ice thinks...try and dummy it down for a layperson. He is not a chartist and doesnt know what the USDX is and what the 850 ceiling is (just assuming, sorry if thats wrong).

[Platinum Pete]

Moeghoul - in 243 posts every single one is in the padded room (mostly this thread) and Pol-Ass.

Are you sure you're in the right place? Are you sure this is your house?

[Moeghoul]

BL, I didn't even know he existed until he wailed on me. And I'm not sure dumbing down anything is the answer. It's tough to gauge anyone's aptitude on a thread like this. Seems like there's quite a few sharp people on here. I'm on a good streak right now, sue me. You posted some nice gains recently, why is that any different?

[Brock Landers]

My only reason was to show that I was shutting it down and taking profits because I was wary of market conditions. And it felt weird to disclose any gains, but I thought it emphasized taking money out even more due to those conditions.

Im in agreement, there are some sharp people who dont need it dumbed down. But if someone would rather get an explanation, dont just post up all your predictions and say you hit on all of them to rub their nose in it. Im dont really think bitching about people talking finance in a finance thread was really a rational argument from iceman either.

Anyway, good work with the streak, keep it up. Im going to go buy up some UK debt.

[Moeghoul]

Moeghoul - in 243 posts every single one is in the padded room (mostly this thread) and Pol-Ass.

Are you sure you're in the right place? Are you sure this is your house?

Send me the memo on thread/post distribution rules/ediquette. I must've missed it.

[Moeghoul]

My only reason was to show that I was shutting it down and taking profits because I was wary of market conditions. And it felt weird to disclose any gains, but I thought it emphasized taking money out even more due to those conditions.

Im in agreement, there are some sharp people who dont need it dumbed down. But if someone would rather get an explanation, dont just post up all your predictions and say you hit on all of them to rub their nose in it. Im dont really think bitching about people talking finance in a finance thread was really a rational argument from iceman either.

Anyway, good work with the streak, keep it up. Im going to go buy up some UK debt.

Thanks, BL. Good point about talking about gains, I'll STFU in that department.

[Moeghoul]

I failed to read the #1 post that started this thread. It's pretty specific. If those are the parameters of the thread, I'm a douche for not checking first and a bigger douche for posting topics outside those parameters. Feel free to pile on.

[iceman]

I'm not boasting, BL, people were posting opinions on this thread for a few weeks about market direction and I posted mine. Iceman's comment came outta left field. If he shits in my house, I'm gonna rub his nose in it.

You're gonna rub my nose in what, exactly? My paid-off house and my paid-off condo and my paid-off cars and my big cash position and my buy-and-hold index funds including gold? I don't owe a dime to anybody*. You?

Rub all you want shitbag, "can't you smell that smell, the smell that surrounds you?".

* I DO owe $25 to Brett but he hasn't provided me with a way to pay him, so "the question is MOOT!"

[iceman]

Im dont really think bitching about people talking finance in a finance thread was really a rational argument from iceman either.

That's fair enough, but the guy was driving me batty - not so much from the insider jargon (although that was part of it), but from the smug, self-satisfied way he posted. It was irritating and self-congratulatory and eventually it pissed me off. One lesson is that I shouldn't read every thread.

There are other lessons as well.

[Moeghoul]

You're gonna rub my nose in what, exactly? My paid-off house and my paid-off condo and my paid-off cars and my big cash position and my buy-and-hold index funds including gold? I don't owe a dime to anybody*. You?

Rub all you want shitbag, "can't you smell that smell, the smell that surrounds you?".

* I DO owe $25 to Brett but he hasn't provided me with a way to pay him, so "the question is MOOT!"

Sounds like a whole lot of smugness. For a split second I thought you were gonna take the high road. Sounds to me like you don't really need a heads up. You mighta outdouched me with that rant.