GENERAL DISCUSSION

[Vegas]

That serves an ulterior purpose for them Boomer... Like they could give a rats ass about poor countries... Why doesn't Obama focus on thr poor Americans who have lost everything and are reserving their spots in the soup lines for when their unemployment is gone... What it does do is drop the price of gold by flooding the market while that price drop gives their POS currencies a boost...

[ShyTrader]

Question for you Vegas...
I've seen people post volume for buys vrs volume for sells. Where do you find that?

I have all kinds of options on both Ameritrade and ETrade, and I have not seen anything like that.  I have lots of column options (several bid and several ask), but nothing looks like it would tell me the volume of purchases at ask or the sales at bid.

How do people figure this information out?

Thanks in advance.

[Vegas]

Question for you Vegas...
I've seen people post volume for buys vrs volume for sells. Where do you find that?

I have all kinds of options on both Ameritrade and ETrade, and I have not seen anything like that.  I have lots of column options (several bid and several ask), but nothing looks like it would tell me the volume of purchases at ask or the sales at bid.

How do people figure this information out?

Thanks in advance.

I am not really sure as I do not use those but I think they might be options on Level 2...

[ShyTrader]

Thanks. I just do not see those options anyplace.

[TNT]

If you hook up quote tracker to your ameritrade account it will show you.

[Vegas]

This is my current list of small cap miners I am watching for a possible buy-in... I think gold may take off fast and furious shortly... China is buying the crap out of gold as they shy away from the dollar and other U.S. investments...

CGLD ◘ MGH ◘ SGCP ◘ MNEAF ◘ GNMT ◘ PMU

CGLD - http://stockcharts.com/h-sc/ui?s=CGLD&p=D&b=5&g=0&id=p23463897154
MGH - http://stockcharts.com/h-sc/ui?s=mgh&p=D&b=5&g=0&id=p23463897154
SGCP - http://stockcharts.com/h-sc/ui?s=SGCP&p=D&b=5&g=0&id=p23463897154
MNEAF - http://stockcharts.com/h-sc/ui?s=MNEAF&p=D&b=5&g=0&id=p23463897154
GNMT - http://stockcharts.com/h-sc/ui?s=GNMT&p=D&b=5&g=0&id=p23463897154
PMU - http://stockcharts.com/h-sc/ui?s=pmu&p=D&b=5&g=0&id=p23463897154

[ShyTrader]

I really like a few of these... especially CGLD (The first one)

I have just in the last week learned about a "bull flag" strategy.
It is kind of a simple strategy... the assumption is the stock will either rise again to the high day before the fall (6/8 @.73), or it will raise above the high the same level as the stock fell (fell to: 6/15 @ .62). So that means .73-.62=.11 drop, so it the second raise level is .73+.11 (or .84).

The other assumption is that it may take 8 days to get there. (it took 8 days to drop, so 8 days to hit gains. The only thing that's wrong, is that today (6/16) the stock is supposed to close "above the high of the low day", in other words, it was supposed to close about .64, not AT .64 like it did.

With uptrending MACd, Stoch, and DI+/- moving in the right direction, I think this one looks excellent. I just hope this is not one of those "looks like it fits the rules" and then loses.

For more info, I did a google search and found this: http://www.thestockbandit.com/Bull-flag.htm

a couple of these other ones you have listed could also match, but not as well as

[ek1ip5e]

what do you guys think about RIC? bouncing back?

[Vegas]

what do you guys think about RIC? bouncing back?

Looks like it may be setting up for a little climb... Might be a good buy now around 3.00... Will park it on my watch list...

[Smitty]

Somehow, I don't remember how, I ended up with 100k 0f CGFIA @.0039. Do you see this going anywhere? It's @.0045-.0050 today, hold or let it go? Thanks...

[Vegas]

Somehow, I don't remember how, I ended up with 100k 0f CGFIA @.0039. Do you see this going anywhere? It's @.0045-.0050 today, hold or let it go? Thanks...

I don't think I would be in a hurry to sell at this point... Even though the chart is showing declines today, it just broke par sar and the MA(50)... I think I would hold for a bit and see if it takes off again... Anybody's guess after todays trades though...

http://stockcharts.com/h-sc/ui?s=CGFIA

[Trelly]

Check out the gargantuan bull triangle breakout on gold. I'd love to hear your projections on gold for the next several quarters Vegas.

I'd also love to hear the best way to diversify into gold. (Bullion, ETF, equities, options). Is there a way to leverage your position with gold besides mining companies?

I've read horrible things about the GLD ETF's physical backing. Thoughts?

Since COMEX now considers both ETF's and future physicals as actual gold, how does this affect the price of gold in the short and long term?

Thanks!

[Smitty]

Somehow, I don't remember how, I ended up with 100k 0f CGFIA @.0039. Do you see this going anywhere? It's @.0045-.0050 today, hold or let it go? Thanks...

I don't think I would be in a hurry to sell at this point... Even though the chart is showing declines today, it just broke par sar and the MA(50)... I think I would hold for a bit and see if it takes off again... Anybody's guess after todays trades though...

http://stockcharts.com/h-sc/ui?s=CGFIA

Thanks, I'll just hold and watch....

[Vegas]

Check out the gargantuan bull triangle breakout on gold. I'd love to hear your projections on gold for the next several quarters Vegas.

I'd also love to hear the best way to diversify into gold. (Bullion, ETF, equities, options). Is there a way to leverage your position with gold besides mining companies?

I've read horrible things about the GLD ETF's physical backing. Thoughts?

Since COMEX now considers both ETF's and future physicals as actual gold, how does this affect the price of gold in the short and long term?

Thanks!

My perspective on gold will always be from the perspective of an investor as opposed to a trader as I invest serious money with a  longer more secure investment strategy in mind... That is why I try to keep this forum as an information source and do not really post many buys and sells... It would be a conflict of interest for me to make many recommendations on stocks I hold large positions in... I get my thrills and entertainment trading the pennies...

Being a gold buff, I firmly believe we will see $1600 an ounce gold in the not to distant future... In fact, I read an article a couple of weeks ago from a credible source that stated the vaulted warehouses in Switzerland were filled to capacity from Countries and big investors that are stockpiling the yellow stuff...

I have thouroughly checked the SPDR Gold Trust (GLD) and believe it to be credible.... I have a featured thread on it in my forum... The stock value is tied directly to the price of spot gold and they certify that they have vaulted gold bullion to back up every share... This is a slow but safe investment... Check their chart and decide if you like it... I trade in and out of it when I anticipate a move in the price of spot gold...

I trade in gold mining stocks for faster gains as they are more volatile and cycle faster... I know Doc laughs at me and my gold stocks but if you look at just a couple of my buys in early summer, (NG, GSS), you can see that there is good solid money to be made with real companies that actually have a product... 

I'm sure there are probably ways to leverage but I have never checked them out as I play these investments a tad on the safe side... I cannot afford to loose this money unless I want to retire on the streets... 

[NeHuskerz]

Vegas,

In response to this locked post...

http://forums.drpennystock.com/vegas-gold-stocks-trading-forum/news-and-commentary/msg71680/#msg71680

Scary stuff.  This $hit is for real.  Be prepared.