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I'm guessing silver will follow the sector somewhat but I want to be Gold based.
Your fundamentals look to align somewhat to a lot, like my technicals.
Technicals give me a precise method of entry/exit, something not usually associated with fundamentals.
Quoted to catch your attention.Quote:
Originally Posted by twotimer
On the heels of our "what bonds tell in a distressed stock" discussion, look at Whiting Petroleum, ticker WLL.
Attachment 94360
From $8 to 80 cents. Dang, it lost 90% of its value, if it could come back you could make some good money. But look at the bond sales today:
Attachment 94362
Notice the first bond trade, matures on April 1, 2020, 4 days from now. The price was 50.5. Par is 100. So you'll double your money in 4 days.
The 11th listed bond matures 1/15/2026, sold for 9.5 (par 100, all these are). So you'd 10x your money, for a yearly yield of 82.9% (almost a double each year). The "Trade Quantity" column tells the size, $1 million+ here. Someone sold $1 million in bonds, for 9.5 cents on the dollar. They acquired them at what price and when we don't know, but at one time these were about $10 million in bonds at par value.
The bond market is saying not only bankrupt, but bankrupt in the next 4 days before the April 1 bonds mature. We'll see if this happens.
I'm slowly acquiring shares of GDX
Dang--I just started buying Friday, have much more to invest.Quote:
Originally Posted by oldno7
Up--3 1/2% this morning.
Just bought a teeny bit more GDX, just under $24.
I need 21.58 to be a mathematical support area but I'm getting a feeling Gold is gaining strength and may not retrace as far as I'd like./
And a teeny weeny lit bit more at 23.795
https://www.kitco.com/news/2020-03-3...purchases.htmlQuote:
Originally Posted by oldno7
With the Russian central bank suspending gold buys, we might see a softening of gold prices. They were a decent sized net buyer for the last several years.
So the indices are still off about 25%.
The way I played this drop from the top, I'm currently up 4.75%
I have a number in mind to sell, and I want to sell.
I know this is basic math but I thought I would show it anyway.
On a 1,000,000 account for a buy and hold investor, at this point--they have 750,000
As a trader-- a 1,000,000 account is now worth--1,047,500
A difference of $297,500
And I don't see us hitting DOW 29,000 again for a year or two.
And now, I'm slowly filtering the indices money into gold based funds/stocks.
As of now--in the money I reinvested in the indices--I'm 80% Gold--20% indices
It becomes a matter of time/life vs trading. For a stretch of about 2 years starting about 6 or 7 years ago, I traded options from open to close daily. I used the Ichimoku Cloud as my main technical indicator, with 2 other MACD, RSI -type indicators, I don't remember which. I had become highly refined at seeing movements, I was trading on 15 minute bars. But that literally became an all consuming life. It was too much and too consuming and too stressful.Quote:
Originally Posted by oldno7
There has to be happy medium, and it sounds like you have it. I've gone from that 15 minute insanity to longer term fundamentals and laying off moves until they cook for at least a few months.
Mostly moving to GDX
waiting for a buy signal in GOLD
Keep in mind--this is only the money I have in a mutual fund account.
I'm still trading daily and VSTO has been on fire.
Longer term I use Fibonacci and Gann projections that calculate.
Today is a 180deg. day from the Sept. 3 low.(My Gann Calculation)
My life is trading--thats all I do.
No surprises...
Dow dips 400 points on Tuesday, capping its worst first quarter ever
#FAKENEWS... maybe one of these days Accadacca will stop watching CNN.Quote:
Originally Posted by accadacca
1987 was the worst first quarter ever when the DJIA dropped 25.88%. Last quarter dropped 23.2%.
Anyone that can math understands why the percentage is what's important.
https://uploads.tapatalk-cdn.com/202...1d3aef7915.jpg
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WRONG! It’s from USA Today. You’ll have to bitch to them.Quote:
Originally Posted by Iceaxe
Check out this article from USA TODAY:
Dow dips 400 points on Tuesday, capping its worst first quarter ever
https://www.usatoday.com/story/money...mp/5093369002/
I'm thinking now the market retests the lows and potentially goes lower, but not necessarily with the high volatility we had seen. Rather with many months of a plain bear market.
Based on the things Birx and Fauci said in the presser today, we're in for several months of weak economic activity. Going to weigh on earnings for the rest of the year at least.
Yep agree, I'm still transitioning to Gold, may not get everything there.
From this point--I'm thinking Gold preserves value(hedge) to slightly increases over the Dow.
The regaining of market highs gets tougher the longer this goes on.
But once again--Trump is the kicker, he can build an economy faster, better, bigglier, than anyone.
If we go democrat--a huge recession to depression is a given, it's what they prefer.
Do the math... Don't get sucked in with all the other sheep.Quote:
Originally Posted by accadacca
Math tip - Points dropped is not percentage lost.
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