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Author Topic: General Discussion - Gold & Silver Mining Stocks  (Read 29303 times)
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10yearplan
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« Reply #105 on: June 20, 2013, 11:31:38 AM »

1295
http://www.monex.com/liveprices
holy crap batman!
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Vegas
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« Reply #106 on: June 20, 2013, 12:07:07 PM »

1295
http://www.monex.com/liveprices
holy crap batman!

Metals taking a huge hit on the back of government propaganda...
 Wink
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
10yearplan
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« Reply #107 on: June 20, 2013, 01:43:06 PM »

1295
http://www.monex.com/liveprices
holy crap batman!

Metals taking a huge hit on the back of government propaganda...
 Wink
have to get Ben to stop shaking the crutches
at least until I can get to cash and have all loans paid off Smiley Smiley Smiley...Sad
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10yearplan
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« Reply #108 on: July 04, 2013, 09:57:30 AM »

http://www.ritholtz.com/blog/2013/07/how-gold-lost-its-luster-how-the-all-weather-fund-got-wet-and-other-just-so-stories/?utm_source=feedburner&

"It’s like playing poker at a table with five penny-pinching off-duty Vegas dealers, and then moving to a table with five rich doctors in town for the weekend. If you don’t change the way you play your cards, even if you’re dealt exactly the same cards from one table to another, then you’re a fool."
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10yearplan
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« Reply #109 on: July 23, 2013, 02:36:02 PM »

Cool! ; $2M welfare cheque for one of my tired old dogs:
Balmoral Receives $2.12 Million Tax Credit Payment

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2013) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) (OTCQX:BALMF) today reported it has received, from the offices of Revenu Quebec, a cash payment of $2.12 million. The payment represents the Quebec mineral exploration tax credit relating to the Company's 2011 exploration expenditures on its Detour Gold Trend and N2 properties located in Central Quebec. Eligible exploration expenditures on the Company's Quebec Properties qualify for a refundable provincial tax credit of 35%.

With receipt of the 2011 tax credit the Company currently has cash reserves of approximately $9.5 million, working capital of approximately $10.0 million and no debt.

About Balmoral Resources Ltd. - www.balmoralresources.com
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Anthony
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« Reply #110 on: August 02, 2013, 03:24:37 PM »

BONZ is on a rip today! Missed another one F!!

http://stockcharts.com/h-sc/ui?s=BONZ&p=D&b=5&g=0&id=p54107914155
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NO GUTS,NO GLORY!!
Vegas
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« Reply #111 on: August 02, 2013, 03:49:31 PM »

BONZ is on a rip today! Missed another one F!!

http://stockcharts.com/h-sc/ui?s=BONZ&p=D&b=5&g=0&id=p54107914155

But really not a safe trade... Was up to almost 300% earlier this morning but now back down to 80%... Would seem some people are very up side down at this point...

 Huh
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
softballdaddy
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« Reply #112 on: August 08, 2013, 12:02:10 PM »

NUGT ...3X ETF taking off with spot gold...this has been a good trader along with the contraire 3X DUST

Trading only, not a long play for me...ore to volitile
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Vegas
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« Reply #113 on: August 08, 2013, 12:06:14 PM »

NUGT ...3X ETF taking off with spot gold...this has been a good trader along with the contraire 3X DUST

Trading only, not a long play for me...ore to volitile

The Bulls and Bears...

http://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=1&mn=0&dy=0&id=p65577996511

http://stockcharts.com/h-sc/ui?s=DUST&p=D&yr=1&mn=0&dy=0&id=p95636890115

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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Shaka_Zulu
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« Reply #114 on: August 20, 2013, 04:22:15 PM »

I was just checking out NUGT and DUST, did they recently just do another R/S... and is NUGT not 3X anymore...?
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Shaka_Zulu
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« Reply #115 on: August 20, 2013, 04:24:51 PM »

And I cannot wait for ANV to begin to pinch on the weekly...just gotta wait for the ADX to point south a tad...it's still got some time before it does. Hard to believe it was in the 40's and now at 4.50.

http://stockcharts.com/h-sc/ui?s=ANV&p=W&b=5&g=0&id=p46524146687
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Vegas
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« Reply #116 on: August 20, 2013, 05:47:08 PM »

And I cannot wait for ANV to begin to pinch on the weekly...just gotta wait for the ADX to point south a tad...it's still got some time before it does. Hard to believe it was in the 40's and now at 4.50.

http://stockcharts.com/h-sc/ui?s=ANV&p=W&b=5&g=0&id=p46524146687

It is already a playing on the daily... Will depend a lot on the metals market and whether it holds up for a while...

http://stockcharts.com/h-sc/ui?s=ANV&p=D&b=5&g=0&id=p81722537059
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #117 on: August 25, 2013, 01:58:59 PM »


A Good Area For A Swing Trade In Gold

August 25, 2013

One hallmark of a successful trader is knowing the timeframe on which he or she is trading. In this respect, the long-term investor has it easier than the trader. There's a certain peace of mind that an investor may find in buying a fund or issue that appears to have growth potential, and then sitting back and waiting for the investment to incubate. A trader has to approach the market with a different mindset.

The trader's advantage, though, is that good trades will cover far more price movement than an investor can ever hope to see. However, it's crucial to keep one's trading practices consistent with the timeframe. This week, we offer some examples of why that is so, using the current gold market as a case study. We'll also tell you where we think the gold market will go from here.

First example -- "there and back again" since April
The gold trade from April was down, not up. At a time when many were looking for continuation upward, we said that gold needed to test lower before the downward corrective move from 2011 could be seen as complete. We also projected the 1220 price area as a likely target, almost 250 dollars below the then-current price of 1462. In the April post, and in later posts for our subscribers, we showed various reasons for support in that vicinity, noting especially the Elliott Wave pattern and a long-term channel boundary.

Price reached the support area at the end of June and poked slightly below it before starting an earnest bounce. (Notice there was not a weekly or monthly close below the channel line.) Any long-term investors who got in at the time probably should consider it a successful entry point for accumulating part of a position. As we noted in our July 25 post, long-term investors also should be prepared to see gold make one or two lower lows before a stronger upward wave can begin.

Any readers here who took the short trade from late April area saw a price change of $200 to $250 in their favor. And then they could have ridden the move back up from the 1220 area for an additional $175. When you look at gold from this perspective, who cares if it's destined to go to $3,000 someday? You can make plenty of profits riding the waves between here and wherever it goes. In fact, a trader can end up right back where he or she started, and be richer for the ride.

Second example -- knowing your timeframe defines your risk and keeps you focused
For any traders who entered long around the 1220 area, congratulations for identifying support and staying in the trade. And now, the trade is probably over. As you can see on the daily chart below, the rally has reached into the area where it would make sense for a retrace to end.

A trader who has identified the proper size of trade for his or her account might have entered preemptively around 1220, based on the levels and channels we mentioned in earlier posts and that can be seen in the charts here. However, the preemptive trade generally is not something we recommend, because it is difficult to determine where stops should be placed. The trader has to allow considerable room, and that takes a toll emotionally.

Better, the trader might have entered slightly after price made its first higher low, around 1207. In that case, it's clear that the stop should have been placed just below the prior low, leaving the risk entirely defined. As long as that risk was small enough not to damage the trader's account, then the trader could stay in the trade with confidence.

Knowing one's timeframe is important, because it tells the trader not to dwell on the price wiggles that will appear on smaller timeframes. In this case, the trade was first seen and defined on a weekly chart. The entry was spotted on a daily chart. During the trade, remaining focused on daily movement would have kept the trader on track (with the single exception of having a protective stop placed so it could be hit intraday).



Third example -- seeing the trade on a higher timeframe; executing it on a lower one
There probably are a few good trades left between now and the end of the big correction. Those opportunities should be traded on a daily timeframe, but they are more easily seen on the weekly and monthly timeframes.

So where will gold go from here? At the moment, the rally from the late-June low should be seen as a retrace -- part of what could be an ending diagonal forming to complete the large correction of the past two years. We have diagramed this, our primary scenario, on the weekly chart below. The Elliott Wave count on the weekly chart corresponds with the count labeled in black on the daily chart above, and it calls for two more lower lows before a bigger rally can occur.

http://www.insidefutures.com/article/1029051/A%20good%20area%20for%20a%20swing%20trade%20in%20gold.html
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
ad_man
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« Reply #118 on: September 12, 2013, 07:24:14 AM »

Druckenmiller Says Fed Exit Would Be Big Deal for Markets: When this guy speaks, people listen. Or at least I do. I still think gold is going to make a sizable move, if not later this fall, by january then. I love the ANV chart.

http://www.bloomberg.com/news/2013-09-11/stan-druckenmiller-says-fed-exit-would-be-big-deal-for-markets.html
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« Reply #119 on: September 19, 2013, 08:09:59 PM »

It's clear the Fed has trapped themselves, they can't control the long end of the yield curve. The economy can't even handle a 3% 10 yr, bernake got frightened and so he had to keep buying 85 billion each month. The Fed couldn't even reduce purchases buy $1, LOL. Waiting for the bond market to go up a little more before rolling over and blowing up, 2016 is when this bubble will burst. 8 years of artificial growth, equity bubbles, no real earnings growth, kaBoom.

Gonna start re accumulating my gold stocks now.

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