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Thread: Stocks
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03-24-2020, 06:43 AM #1081
VSTO up 10%
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-24-2020 06:43 AM # ADS
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03-24-2020, 07:28 AM #1082
Gap filled
With no buy signal for me.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-24-2020, 05:52 PM #1083
These daily swings in stock values are insane... the DJIA is up over 11% in a single day...
Climb-Utah.com
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03-24-2020, 07:29 PM #1084
Dow has best day since 1933
https://www.ksl.com/article/46733809...rs-deal-on-aid
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03-24-2020, 07:36 PM #1085
Yeah well, either day traders are thrown' around a lot of cash or people with a long term vision are taking chunks. I can't see it shooting up all week, but if it's not near as violent then it might be time to get in. Trump said Easter (maybe before) when things are gonna lighten up, so for the next two weeks I reckon it'll bounce a bit. Glad to see it though...it shows that people are just waiting to shoot it back up.
Suddenly my feet are feet of mud
It all goes slo-mo
I don't know why I am crying
Am I suspended in Gaffa?
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03-24-2020, 08:39 PM #1086
Ugly time in the market. It's just a machine reacting to external news.
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03-25-2020, 08:45 AM #1087
That's not bullish for stocks.
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03-26-2020, 06:00 AM #1088
Stocks
Initial jobless claims surged to a record 3.3M last week as the coronavirus takes a heavy toll on the economy. It's the highest number of initial jobless claims in history.
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03-26-2020, 06:33 AM #1089
A while ago I mentioned I missed a Gold buy thinking we had more down to go.
I now believe I missed that buy.
When the stock market crashed, it dropped 36%.
Gold dropped 45%
So having missed the bottom, I believe we are now poised for a huge bull market in Gold/precious metals.
Historically, it looks like it will be a long and sustained run up.
I'm currently looking for a precious metal deal to jump into.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-26-2020, 12:16 PM #1090
During which crash? I'm not seeing gold down 45% here.
I shot 1/5 of my cash hoard since this all started. I'm too cautious to go balls to the wall nowadays. I'll let a few more weeks pass, as I suspect this to be a bear market rally. I didn't sell any of my long term holdings during this entire period, though.
But I do tend to agree with your metals call. Either way, recovery or lower, with this massive creation of money and I'm sure another stimulus bill of an even larger $4T or some horrific number, metals have nowhere to go but up. So many dollars in the system now.
If we thought 08/09 era QE and debt were setting us up for a dollar crash and hyperinflation, then that was child's play compared to this.
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03-26-2020, 01:29 PM #1091
Sorry I should have posted that. In the crash of 1929, gold companies were shining after the crash, most notably Homestake Mining.
After the initial 46% drop in stocks, in 1929, Homestake crashed as well.
After that initial drop, Homestake climbed 737% over the next 6 years and 3 months.
So in our market, my best fit for Homestake is HUI.
HUI---dropped almost exactly 45% from it's high just as Homestake did in 1929.
So are we in the beginning of a 6 year bull run in the gold market?
My historical and mathematical theory would say yes.
Does that make more sense?I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-26-2020, 01:34 PM #1092
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03-26-2020, 01:36 PM #1093
For me to be long in any gold position, I was wanting to take out the support created by the Sept. 2010 low of 131.12
Instead--we took out the May 2018 low of 147 and went straight up from there but I think there is more--much more.
My only problem is I need a good entry spot, we will see what I get from here.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-26-2020, 01:39 PM #1094I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-26-2020, 01:48 PM #1095
As far as the indices go, theres a fair to good chance the low is in, suites me as I was 100% reinvested as I stated here.
I've done well the last 3 days.
But I believe those waiting for the economy to recover and then stocks to rise will be disappointed.
In the 2008 crash, aftermath, stocks started the recovery and the economy followed, I believe there is a very good chance that is already happening here.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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Post Thanks / Like - 1 Likesrockgremlin liked this post
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03-26-2020, 01:52 PM #1096
I would look for the lowest AIC and debt in whatever miner. Those rule all else in that sector.
Edit: actually, if you're quite confident you would care more about reserves than AIC. Low debt would still be highly desirable to fund expansion. I, being cautious, always look to AIC.
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03-26-2020, 01:58 PM #1097
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03-26-2020, 02:05 PM #1098
of course all charts in the sector mirror each other closely.
Heres an ETF--GDXI'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-26-2020, 02:35 PM #1099
Leaning pretty heavy towards GDX at this time
$21.50 area.
If today is a Ross hook, that will ruin that price.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-26-2020, 03:58 PM #1100
Yes, GDX, the miner's ETF. GDXJ is the junior miners. Certainly the way to go for safety, if you can't dig and understand an individual company. Although the beasts, like Newmont and Barrick, are so large and sophisticated, they are close to the index.
AIC = all in costs; total cost to extract an ounce company-wide on all their projects. Gives an easy metric for profitability per ounce. Although the industry apparently adopted a 2nd measure, AISC = all in sustaining costs. I learned AIC 10/12 years ago and am not up on AISC. Barrick had long been a leader in AIC, = lowest. I'd be surprised if they're not still.
And incidentally, if you were looking to silver miners, beyond critical to have the lowest AIC and low debt with such a terribly depressed silver price now. I would expect some producers to go under if these silver prices last a year.
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