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Post by simonsays on Aug 6, 2014 8:47:40 GMT -5
Good morning. Nice little pop in gold this AM. Response by miners is tepid so far....
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Post by platy on Aug 6, 2014 8:54:27 GMT -5
I started nibbling SPX longs.
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Post by sb on Aug 6, 2014 8:59:32 GMT -5
Just like on the minor pullbacks, days like today are still just noise to me. More pleasant noise of course, but noise nonetheless. It is somewhat amusing to read people asking about miners again this morning on other blogs, after just dumping them and all the negativity we saw yesterday.  |
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Post by simonsays on Aug 6, 2014 9:04:52 GMT -5
I started nibbling SPX longs. I'm with you, for a two day bounce. Stop at this AMs low. |
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Post by simonsays on Aug 6, 2014 9:07:27 GMT -5
Just like on the minor pullbacks, days like today are still just noise to me. More pleasant noise of course, but noise nonetheless. It is somewhat amusing to read people asking about miners again this morning on other blogs, after just dumping them and all the negativity we saw yesterday. Indeed. The commentary is tiring. If not for the occasional comment from Alex or one or two others, I would never go to BBT. There's nothing new there. |
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Post by sb on Aug 6, 2014 9:19:29 GMT -5
I like to read BBT to gauge sentiment, and the fact people are so easily convinced to be long forever or that gold is going to 1000 the next day tells me this continues to be noise. Once we are heading higher and people still doubt the move, it will be able to continue. For now, the flip-flopping is just picking people's pockets while being a cause of gold and the miners' indecision. Plus, Tex knows everything and is always right, so BBT is good for that as well. |
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Post by platy on Aug 6, 2014 9:24:27 GMT -5
If gold reverses back down it puts an A-B-C bottom just under my 1272 target, which is also near the gap fill.
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pkf
Junior Member
Posts: 52 
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Post by pkf on Aug 6, 2014 9:24:47 GMT -5
Before yesterday, III.TO sported a good looking chart (I have to admit one that I could have considered for purchase)without the slightest indication of what was about to transpire. Acts of God they are called and a wake-up call to adhere to proper risk management at all times. No matter how good a chart may be or companies fundamentals stand out, there is always a risk, even if it is remote.
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Post by platy on Aug 6, 2014 9:33:03 GMT -5
I started nibbling SPX longs. I'm with you, for a two day bounce. Stop at this AMs low. I'll be hanging on for a while. I have the low as the 9th but it's hitting my price target today. If it falls lower I'll be adding to my shorts. |
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Post by simonsays on Aug 6, 2014 9:33:07 GMT -5
Before yesterday, III.TO sported a good looking chart (I have to admit one that I could have considered for purchase)without the slightest indication of what was about to transpire. Acts of God they are called and a wake-up call to adhere to proper risk management at all times. No matter how good a chart may be or companies fundamentals stand out, there is always a risk, even if it is remote. Oof, that's ugly. The pattern maybe would have kept you out a little longer anyway. i've had that happen to a holding or two in the past. One fell so far that TD Waterhouse didn't honour my stop. Then when it bounced, they still didn't sell it. Needless to say, I had a long discussion with a manager in front of a one minute chart. Eventually they reimbursed me for most of it. But that is a lesson that most Brokers are crooks and most of their employees are not good traders. |
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Post by simonsays on Aug 6, 2014 9:35:54 GMT -5
Check out BAR.TO. What a thing of beauty. I hope I didn't just jinx it.
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pkf
Junior Member
Posts: 52
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Post by pkf on Aug 6, 2014 9:39:36 GMT -5
Check out BAR.TO. What a thing of beauty. I hope I didn't just jinx it. charts like BAR.to is what everyone seeks yet when they do latch on to something like this, they will sell early. I understand getting nervous holding a chart like this (if of course one has gotten in near the lows) but this is how FNV got started and eventhe old dog ABX was once a penny stock. |
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Post by platy on Aug 6, 2014 9:39:53 GMT -5
Check out BAR.TO. What a thing of beauty. I hope I didn't just jinx it. Is that some Canadian thing? I don't see it. |
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Post by simonsays on Aug 6, 2014 9:49:01 GMT -5
Check out BAR.TO. What a thing of beauty. I hope I didn't just jinx it. Is that some Canadian thing? I don't see it. Yes, it trades on the TSX. Balmoral. |
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Post by simonsays on Aug 6, 2014 9:52:14 GMT -5
Check out BAR.TO. What a thing of beauty. I hope I didn't just jinx it. charts like BAR.to is what everyone seeks yet when they do latch on to something like this, they will sell early. I understand getting nervous holding a chart like this (if of course one has gotten in near the lows) but this is how FNV got started and eventhe old dog ABX was once a penny stock. And if the rumours I'm hearing are true, this one will do just that. I hear that insiders think it will be the next Detour Gold and supposedly it also has a huge base metal resource as well. Normally when I hear rumours, I run, but based on the recent drill results I bought back in around 1.40 after selling at 1.10. |
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Post by platy on Aug 6, 2014 9:53:17 GMT -5
Is that some Canadian thing? I don't see it. Yes, it trades on the TSX. Balmoral. Oh ok, I think it's BALMF on TOS. Went from .27 in December to 1.81 today, wow! |
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Post by simonsays on Aug 6, 2014 9:58:37 GMT -5
Also check out Detour Gold Platy. That's an operating mine located adjacent to Balmoral. I bought some last week.
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Post by brad949 on Aug 6, 2014 14:10:54 GMT -5
Hadik was calling for a low this week in gold, followed by a strong rally into Sept. Said a daily close >1298.8 would signal resumption of the uptrend. Looks like we will get that today. Miners trigger is a DC on the XAU >100.93, also on tap for today.
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Post by sb on Aug 6, 2014 16:51:06 GMT -5
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Post by platy on Aug 6, 2014 21:14:41 GMT -5
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Post by platy on Aug 6, 2014 21:56:03 GMT -5
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Post by brad949 on Aug 7, 2014 0:08:25 GMT -5
Glad I sold the rest of my Oct $14 VIX calls today at a small profit. I still have December calls and hope to add more on the next dip in the VIX <12. The calls rallied into the close on minimal movement in the VIX, so I wonder what that means for tomorrow. |
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