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![]() | #21 |
Super Moderator ![]() Join Date: Mar 2012 Location: Migratory
Posts: 1,620
Liked: 685 times | ![]()
__________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 *** Forum Rules |
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![]() | #22 |
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. |
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![]() | #23 | |
Super Moderator ![]() Join Date: Mar 2012 Location: Migratory
Posts: 1,620
Liked: 685 times |
__________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 *** Forum Rules | |
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![]() | #24 |
Moderator ![]() Join Date: Oct 2011
Posts: 1,059
Liked: 459 times | 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. |
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![]() | #25 |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 times | I thought today closed on a positive note. Will be interesting to see how trading fares on Monday.
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![]() | #26 |
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 |
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![]() | #27 |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 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 |
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![]() | #28 |
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. |
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![]() | #29 |
Moderator ![]() Join Date: Oct 2011
Posts: 1,059
Liked: 459 times | we need a 2-3 week correction.. Sentiment is too high.. |
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![]() | #30 |
Super Moderator ![]() Join Date: Mar 2012 Location: Migratory
Posts: 1,620
Liked: 685 times | We need a 2-3 week correction... in time for my next purchase! ![]()
__________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 *** Forum Rules |
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![]() | #31 |
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 ![]() |
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![]() | #32 |
Moderator ![]() Join Date: Oct 2011
Posts: 1,059
Liked: 459 times | |
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![]() | #33 | |
Super Moderator ![]() Join Date: Mar 2012 Location: Migratory
Posts: 1,620
Liked: 685 times |
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__________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 *** Forum Rules | |
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![]() | #34 |
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. |
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![]() | #35 | |
Super Moderator ![]() Join Date: Mar 2012 Location: Migratory
Posts: 1,620
Liked: 685 times |
http://www.sovereignman.com/correspo...d-silver-8937/
__________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 *** Forum Rules | |
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![]() | #36 |
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? |
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![]() | #37 |
Super Moderator ![]() Join Date: Mar 2012 Location: Migratory
Posts: 1,620
Liked: 685 times |
__________________ I drive men mad For love of me, Easily beaten, Never free. PMBug 101 *** Forum Rules |
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![]() | #38 |
Moderator ![]() Join Date: Oct 2011
Posts: 1,059
Liked: 459 times | 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. |
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![]() | #39 |
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 |
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![]() | #40 |
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? ![]()
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