The day's price movements

**benjamen** · 07-26-2012, 09:43 AM

European thinking about letting lose the printers or today being option expiration for gold; which will be the dominate force in PM pricing today? Thus far the bulls are off and running.

**DSAbug** · 07-26-2012, 10:55 AM

Something to note..

GDX is basically trading inline with Gold today. Expect? Normal? sure..

Except when you look at what the components are doing. ABX is down 6.6% today. Why is that a bid deal?

ABX makes up 18% of the GDX and the ETF is still somehow up on the day. That is masking HUGE strength.

**benjamen** · 07-26-2012, 11:23 AM

Originally Posted by dereksatkinson

:

Something to note..

GDX is basically trading inline with Gold today. Expect? Normal? sure..

Except when you look at what the components are doing. ABX is down 6.6% today. Why is that a bid deal?

ABX makes up 18% of the GDX and the ETF is still somehow up on the day. That is masking HUGE strength.

What makes up the other 82%?

**DSAbug** · 07-26-2012, 11:40 AM

Originally Posted by benjamen

:

What makes up the other 82%?

http://etfdb.com/etf/GDX/holdings/

Most of the components in GDX aren't even seeing reserves growing.. Unless you have more production coming on line, you need reserves to grow. That's how you pick mining companies. These ETFs are incredibly flawed.

**PMBug** · 07-27-2012, 07:35 PM

I thought today closed on a positive note. Will be interesting to see how trading fares on Monday.

**benjamen** · 10-01-2012, 08:35 AM

http://www.zerohedge.com/news/2012-1...us-metals-soar

I love when the FED guys talk; it causes metals to skyrocket!

**PMBug** · 10-01-2012, 10:04 AM

He's a dangerous man.

Jetstream · 10-01-2012, 10:16 AM

I get a bit tired of ZH's constant headlining of a surge in prices over a matter of minutes. Already the price is heading back down.

Intraday price movements are not "news". Noticeable price changes over a period of at least a week may be news.

ZH should know better. And for them to link every price change to some incident, however likely, is not much different than the silly headlines you constantly see at Kitco.

**DSAbug** · 10-01-2012, 10:23 AM

we need a 2-3 week correction.. Sentiment is too high..

**benjamen** · 10-01-2012, 10:27 AM

Originally Posted by DSAbug

:

we need a 2-3 week correction.. Sentiment is too high..

We need a 2-3 week correction... in time for my next purchase!

bushi · 10-01-2012, 10:39 AM

...I hate them, on the other hand - I still have my big purchases coming due soon

. Nothing sounds to me as good as calming "all in order" type of news right now!!

**DSAbug** · 10-01-2012, 12:27 PM

Originally Posted by benjamen

:

We need a 2-3 week correction... in time for my next purchase!

Don't expect it to be too deep. I wouldn't trade positions either. This is really looking like the start of previous major moves.

**benjamen** · 10-03-2012, 11:05 AM

Originally Posted by bushi

:

...I hate them, on the other hand - I still have my big purchases coming due soon

. Nothing sounds to me as good as calming "all in order" type of news right now!!

That sounds great to me! I have fiat in hand, but I hate to buy at what looks like a temporary top.

**DSAbug** · 10-03-2012, 01:36 PM

Pull up a chart of 2005.. Lots of similarities IMO.. My guess is we should get 12-15% pullback on the miners.. 5-10% on the metal.. Once we get oversold, I'll say something.. It should be quick and make weak hands nervous.

**benjamen** · 10-03-2012, 02:15 PM

Originally Posted by DSAbug

:

Pull up a chart of 2005.. Lots of similarities IMO.. My guess is we should get 12-15% pullback on the miners.. 5-10% on the metal.. Once we get oversold, I'll say something.. It should be quick and make weak hands nervous.

This author is calling for a pull back in gold over the next few months.

http://www.sovereignman.com/correspo...d-silver-8937/

oppie2005 · 10-03-2012, 06:46 PM

so...what you guys are sayin is...its probably not the best or even that great of time to trade in fiat for ASE's?

**benjamen** · 10-05-2012, 08:00 AM

http://www.silverdoctors.com/raid-si...ed-1-to-34-15/

That was a fun flash crash and rebound!

**DSAbug** · 10-05-2012, 09:11 AM

Originally Posted by oppie2005

:

so...what you guys are sayin is...its probably not the best or even that great of time to trade in fiat for ASE's?

I wouldn't do it for trading. If you are long term, you shouldn't really care. If you are trying to make a large purchase, it's best to wait for big down days.

ancona · 10-05-2012, 09:27 AM

Today's price action is similat to the last few days as the shorts continue to defend their line in the sand. At some point, I would think physical stackers will have to win the day, since there continues to be regular silver consumption yet mine ore quality continues to fall. The ratio has to have an effect at some point......doesn't it?

**benjamen** · 10-15-2012, 09:33 AM

Well today has been interesting so far! The dollar hasn't moved that much, but all commodities seem to be dropping today? With nothing important in the news, what is going on today?

07-26-2012, 09:43 AM	#21
benjamen Super Moderator Join Date: Mar 2012 Location: Migratory Posts: 1,620 Liked: 685 times	European thinking about letting lose the printers or today being option expiration for gold; which will be the dominate force in PM pricing today? Thus far the bulls are off and running. __________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 * Forum Rules**

07-26-2012, 10:55 AM	#22
DSAbug Moderator Join Date: Oct 2011 Posts: 1,059 Liked: 459 times	Something to note.. GDX is basically trading inline with Gold today. Expect? Normal? sure.. Except when you look at what the components are doing. ABX is down 6.6% today. Why is that a bid deal? ABX makes up 18% of the GDX and the ETF is still somehow up on the day. That is masking HUGE strength. PMBug likes this.

07-27-2012, 07:35 PM	#25
PMBug Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault Posts: 7,014 Liked: 2443 times	I thought today closed on a positive note. Will be interesting to see how trading fares on Monday. __________________ The journey of a thousand miles begins with a single step. - Lao Tzu Important stuff: PMBug 101 * Forum Guidelines * Support PMBug

10-01-2012, 08:35 AM	#26
benjamen Super Moderator Join Date: Mar 2012 Location: Migratory Posts: 1,620 Liked: 685 times	http://www.zerohedge.com/news/2012-1...us-metals-soar I love when the FED guys talk; it causes metals to skyrocket! __________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 * Forum Rules**

10-01-2012, 10:04 AM	#27
PMBug Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault Posts: 7,014 Liked: 2443 times	He's a dangerous man. __________________ The journey of a thousand miles begins with a single step. - Lao Tzu Important stuff: PMBug 101 * Forum Guidelines * Support PMBug

10-01-2012, 10:16 AM	#28
Jetstream Big-eyed bug Join Date: Mar 2012 Posts: 318 Liked: 199 times	I get a bit tired of ZH's constant headlining of a surge in prices over a matter of minutes. Already the price is heading back down. Intraday price movements are not "news". Noticeable price changes over a period of at least a week may be news. ZH should know better. And for them to link every price change to some incident, however likely, is not much different than the silly headlines you constantly see at Kitco.

10-01-2012, 10:23 AM	#29
DSAbug Moderator Join Date: Oct 2011 Posts: 1,059 Liked: 459 times	we need a 2-3 week correction.. Sentiment is too high..

10-01-2012, 10:39 AM	#31
bushi Ground Beetle Join Date: Nov 2011 Posts: 971 Liked: 554 times	...I hate them, on the other hand - I still have my big purchases coming due soon . Nothing sounds to me as good as calming "all in order" type of news right now!!

10-03-2012, 01:36 PM	#34
DSAbug Moderator Join Date: Oct 2011 Posts: 1,059 Liked: 459 times	Pull up a chart of 2005.. Lots of similarities IMO.. My guess is we should get 12-15% pullback on the miners.. 5-10% on the metal.. Once we get oversold, I'll say something.. It should be quick and make weak hands nervous.

10-03-2012, 06:46 PM	#36
oppie2005 Predaceous stink bug Join Date: Nov 2011 Posts: 129 Liked: 40 times	so...what you guys are sayin is...its probably not the best or even that great of time to trade in fiat for ASE's?

10-05-2012, 08:00 AM	#37
benjamen Super Moderator Join Date: Mar 2012 Location: Migratory Posts: 1,620 Liked: 685 times	http://www.silverdoctors.com/raid-si...ed-1-to-34-15/ That was a fun flash crash and rebound! __________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 * Forum Rules**

10-05-2012, 09:27 AM	#39
ancona Yellow Jacket Join Date: Nov 2011 Location: Waaay south Posts: 3,370 Liked: 2046 times	Today's price action is similat to the last few days as the shorts continue to defend their line in the sand. At some point, I would think physical stackers will have to win the day, since there continues to be regular silver consumption yet mine ore quality continues to fall. The ratio has to have an effect at *some* point......doesn't it? __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

10-15-2012, 09:33 AM	#40
benjamen Super Moderator Join Date: Mar 2012 Location: Migratory Posts: 1,620 Liked: 685 times	Well today has been interesting so far! The dollar hasn't moved that much, but all commodities seem to be dropping today? With nothing important in the news, what is going on today? __________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 * Forum Rules**

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Price Check	DSAbug	Gold Bug	6	03-31-2012 03:02 AM
Gata explains recent movements in gold	ancona	Gold Bug	3	12-13-2011 09:04 AM