mp
Junior Member
Posts: 77 
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Post by mp on Jun 19, 2014 8:01:48 GMT -5
Well.. Well. The time has come for FED to realize what they are doing has no good end. If they taper, markets go up. If they un-taper, markets go up. By this time many should see this as a warning that the FED is not in control. This is outside nature, and only we can understand that its just time. For most, its what the officials decide that will save the economy or the market.
I have seen many bloggers giving up on their call for a turn down, and has since stopped updating their blog. Capitulation? Not for the Bulls. Apparently there aren't enough of us capitulating. What they don't understand is that the bears have been capitulating since 2011, and there just isn't enough of the bears left to make a convincing capitulation. My rant for the day. |
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Post by simonsays on Jun 19, 2014 8:21:00 GMT -5
I hear ya mp. I think this is what a blow off feels like. Truly disconnected from fundamentals because someone has the market's back. It will end badly. i'm not sure when but having everyone throw in the towel is a good sign. I think we need more commentary from the "new normal" and "this time it's different" crowds before it will happen. That and more rotation into hard assets, which is already well underway. Stay patient folks.
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Post by simonsays on Jun 19, 2014 8:46:53 GMT -5
I'm wondering if Platy's June 14th turn date could still have been a bottom despite it occurring a few days earlier than that. It was a "major" turn date, and PMs did put in a bottom around that time. Given the importance of the turn my reading would be that it had to be a bottom. Of course I have no idea how to interpret this stuff but that's my amatuerish attempt. Platy, is this possible?
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mp
Junior Member
Posts: 77
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Post by mp on Jun 19, 2014 8:49:42 GMT -5
There is a definite difference in Gold the commodity and Gold Miners. I believe we here in Canada will feel it very soon since we are a resource based economy. But the housing here have been propped up by buyer who believe prices will not come down, and who can blame them. Canadian housing markets HAS NOT come down as far as people can remember. At least not substantial enough to worry about another one. But this time IS different. this is the only time I can say this saying is true.
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Post by simonsays on Jun 19, 2014 8:55:21 GMT -5
mp, you don't think housing here in Canada can crash?
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Post by radar on Jun 19, 2014 8:58:12 GMT -5
Yippee guys! Gold and silver are on their way.!
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Post by radar on Jun 19, 2014 9:03:26 GMT -5
NGD new highs for the move, miners looking strong here. We are probably in the C wave now (for gold)....could last several months or into year end.
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Post by simonsays on Jun 19, 2014 11:11:27 GMT -5
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Post by simonsays on Jun 19, 2014 12:20:49 GMT -5
I'm thinking of adding to my NQ short here.
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pkf
Junior Member
Posts: 52
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Post by pkf on Jun 19, 2014 12:24:46 GMT -5
how about Bear Creek Mining!
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pkf
Junior Member
Posts: 52
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Post by pkf on Jun 19, 2014 12:29:51 GMT -5
as much as i am enjoying this, it would be so much better longer term if we slowed down here, digested the gains for a couple of weeks by getting back to 220-225 on the HUI (even 210/215 wouldn't scare me) and then take off for good
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mp
Junior Member
Posts: 77
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Post by mp on Jun 19, 2014 12:37:53 GMT -5
mp, you don't think housing here in Canada can crash? I do think it will Crash HARD in fact. But those who keep buying thinks it wont happen. The whole world is on credit, and there needs to be a reset or free money. I doubt the latter will happen. |
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Post by simonsays on Jun 19, 2014 12:49:10 GMT -5
mp, you don't think housing here in Canada can crash? I do think it will Crash HARD in fact. But those who keep buying thinks it wont happen. The whole world is on credit, and there needs to be a reset or free money. I doubt the latter will happen. Ok, gotcha. Not sure if you're familiar with Kyle Bass, but here's his recent take. m.youtube.com/watch?v=enRnv2RLXmwHe agrees with us. |
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Post by radar on Jun 19, 2014 12:49:15 GMT -5
pkf you remind me of the aliens they refer to as "small grays".
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Post by daniel on Jun 19, 2014 13:07:39 GMT -5
pkf you remind me of the aliens they refer to as "small grays". me too!  LOL |
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Post by SB on Jun 19, 2014 13:28:29 GMT -5
Gotta love this action, sure some have bought miners, but unlike past bottom=picking attempts, this time I am seeing non-believers all over the place. It could be the making of a new bull.
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Post by simonsays on Jun 19, 2014 13:41:09 GMT -5
Gotta love this action, sure some have bought miners, but unlike past bottom=picking attempts, this time I am seeing non-believers all over the place. It could be the making of a new bull. Indeed. The chasers got in today, so we may see a pullback soon, which I think should be bought! Great to see you Ole SB! |
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Post by radar on Jun 19, 2014 13:55:52 GMT -5
new momo highs on multiple time frames (gold/silver); we are probably going a bit higher before a decent pullback. Gee, another day like this for silver and it will get new high for the year!
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Post by SB on Jun 19, 2014 15:31:23 GMT -5
Huge volume in GDX and GLD. I know a pullback will come but not the least bit worried about it. Just because miners have given back much of the gains in the past, doesn't mean it will happen this time or forever. Besides, we have higher lows since December for another hint that the bear has ended and we're back in bull mode.
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Post by platy on Jun 19, 2014 20:01:06 GMT -5
Welcome SB!
Yes Simon, your reading looks correct. Excellent trading Radar!!!
Next turn date is the 24th.
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Post by SB on Jun 20, 2014 6:21:49 GMT -5
Thanks Platy, good to see you here as well, same with the others.
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LOL