Stocks

[oldno7]

^^^^Technicals rule a calm market--no doubt.

They have very much been in play on this decline despite the hysteria.

Fibonacci alone has hit most every support and resistance area.

[oldno7]

It has. I didn't expect a gun run from this. I thought it would be food only. I don't anticipate mass societal chaos and rioting and looting. We're going the reverse: mass shut ins and lack of activity.

But the psychology of fear apparently encompasses all modes of stockpiling. We might start to hear of water pressures dropping as people start filling doomsday cisterns?

Not really a gun run.(right wing outdoors)

Very similar to the obama buying cycle.

Fear of the unknown

[oldno7]

On the other hand--IF-- I had a semi load of TP in my garage, I'd be needing bullets to defend the TP fort.

So theres that....

[dougrz]

I'm buying into some insurers. Hellish losses in that sector. It's a combo, I'd guess, of loss of underlying book value in their stock holdings, but possibly some fear of liabilities. Which aren't going to happen with those tilted toward life insurance. There will not be mass casualties from this, it's absurd.

[oldno7]

I had a very good, longer term trade in precious metals last fall.

It's getting VERY close to that time to buy--again.

[dougrz]

Which metals? I had played silver and palladium in 08/09 for some huge gains.

[dougr]

Which metals? I had played silver and palladium in 08/09 for some huge gains.

Wow, silver at $13. Palladium peaked around $2750 is now $1600 ish. Double wow. I had ridden silver from maybe $16 to $39 back in the day, and palladium from $250 to $800 or so.

[oldno7]

Which metals? I had played silver and palladium in 08/09 for some huge gains.

Watching Gold but I think most will be a good play.

[dougr]

Put in a limit order for BML-H at $17.50. Trading at 18.10 currently.

I lowered my limit to $16.10 seeing some weakness. Indeed we're at $17.45 now, trying to draw it down. Low volume on this type of issue, it's possible to draw prices your way.

[dougr]

I'm looking at some bank preferreds that sell over the bond desk as well. Unlike the above bank preferred issues that trade as a stock.

CUSIP 172967mk4 is one, a Citi issuance. Prospectus https://www.citigroup.com/citi/fixed...?ieNocache=170

Currently looks around 86c on the $, which gives a yield of 100*4.7/86= 5.5%.

The view is, if it gets worse, these will not suffer as much as plain equities, being higher seniority and from a too-big-to-fail name. If things get better, these offer a muted return of back to par, so approx 15% from here, while collecting the yield. If we get to the level of banks being ordered to suspend their divi, preferreds and hybrids would probably not be so covered.

[oldno7]

Watching Gold but I think most will be a good play.

HUI up nicely today.

[dougr]

With word coming out of the White House briefing of an August timeline according to models, we've got a long way to go.

[dougr]

HUI up nicely today.

HUI?

[oldno7]

HUI?

The NYSE Arca Gold BUGS Index is a modified equal dollar weighted index of companies involved in gold mining. BUGS stands for Basket of Unhedged Gold Stocks. It is also referred to by its ticker symbol "HUI". The HUI Index and Philadelphia Gold and Silver Index (XAU) are the two most watched gold indices on the market. The main difference between them is that the HUI Index takes into account only gold mining stocks whereas the XAU Index includes both gold and silver producers.^[1] The Gold BUGS Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years. The HUI Index was developed with a base value of 200.00 as of March 15, 1996. The NYSE Arca Gold BUGS Index currently consists of 15 of the largest and most widely held public gold production companies.^[2] Since bottoming in late 2000, HUI went on to be the top-performing US stock sector of the decade, rising by about 1600%.^[3]

[twotimer]

The NYSE Arca Gold BUGS Index is a modified equal dollar weighted index of companies involved in gold mining. BUGS stands for Basket of Unhedged Gold Stocks. It is also referred to by its ticker symbol "HUI". The HUI Index and Philadelphia Gold and Silver Index (XAU) are the two most watched gold indices on the market. The main difference between them is that the HUI Index takes into account only gold mining stocks whereas the XAU Index includes both gold and silver producers.^[1] The Gold BUGS Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years. The HUI Index was developed with a base value of 200.00 as of March 15, 1996. The NYSE Arca Gold BUGS Index currently consists of 15 of the largest and most widely held public gold production companies.^[2] Since bottoming in late 2000, HUI went on to be the top-performing US stock sector of the decade, rising by about 1600%.^[3]

That's an excellent stock...like a mutual fund of gold companies. Funny how it went up today considering the price of not only gold, but other metals is trending down. I just read some opinions on that...concern that governments around the world may sell off portions of their gold reserves to cover the virus cost, investors selling their gold to cover losses form other things.

Also, could be that investors are selling their gold to raise more cash for buying stock, eh? Who knows...hard to tell. But this is a great looking stock anyway...if I'm going to invest in gold this is probably the way to do it. I'll be keeping an eye on this one. Pricey, but the home of this has been between $250-$300.

[dougrz]

The [B]NYSE Arca Gold BUGS Index is a modified equal dollar weighted index of companies involved in gold mining.

Ah, I see. I don't follow gold, but when I check, it's usually GDX for the miners and a Kitco price chart for physical.

Since HUI is an index, it's likely .HUI or ^HUI on whatever financial site.

[oldno7]

Ah, I see. I don't follow gold, but when I check, it's usually GDX for the miners and a Kitco price chart for physical.

Since HUI is an index, it's likely .HUI or ^HUI on whatever financial site.

I mostly use TD and HUI works on it.

[oldno7]

Bought VSTO yesterday morning, sold at about 8:30--+40% trade

Bought again yesterday afternoon, looking to sell this morning.

[oldno7]

That's an excellent stock...like a mutual fund of gold companies. Funny how it went up today considering the price of not only gold, but other metals is trending down. I just read some opinions on that...concern that governments around the world may sell off portions of their gold reserves to cover the virus cost, investors selling their gold to cover losses form other things.

Also, could be that investors are selling their gold to raise more cash for buying stock, eh? Who knows...hard to tell. But this is a great looking stock anyway...if I'm going to invest in gold this is probably the way to do it. I'll be keeping an eye on this one. Pricey, but the home of this has been between $250-$300.

Yesterdays rally was impressive but I wasn't in (HUI)

I need a breakout below 131.12

Then I'll be looking to buy.

Hopefully in the 114-117 range

[oldno7]

Bought VSTO yesterday morning, sold at about 8:30--+40% trade

Bought again yesterday afternoon, looking to sell this morning.

Out--+4.5% on 1/2