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07-08-2015, 03:33 PM
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#16
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broken-down horseplayer
Join Date: Feb 2008
Location: Portland, OR area
Posts: 2,090
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I'm no expert in the precious metals, but I've read where gold is considered more of a hedge on geopolitical risk, and not so much for weathering a financial storm - though of course often those two events occur in tandem.
Look for gold to perk up when ISIS gets a hold of a nuke.
It will be interesting to hear the cause behind the halt in trading...quite odd....
__________________
Playing SRU Downs - home of the "no sweat" inquiries...
Defying the "laws" of statistics with every wager.
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07-08-2015, 03:36 PM
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#17
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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Quote:
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Originally Posted by DJofSD
So where is all of that money going? On the side lines?
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Back to the bank. The weak hands that get shaken out on pullbacks like this are usually the most levered.
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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07-08-2015, 03:49 PM
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#18
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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It's amazing how many things are coming together simultaneously.
Gold is re-testing support of a multi year low. If it breaks, where she stops...
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
Last edited by badcompany; 07-08-2015 at 03:53 PM.
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07-09-2015, 09:39 AM
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#19
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,626
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All is well again today...don't worry... 
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07-09-2015, 05:21 PM
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#20
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Registered User
Join Date: May 2010
Posts: 5,005
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AAPL crappin' the bed today!
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07-10-2015, 06:04 AM
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#21
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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Quote:
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Originally Posted by Ocala Mike
AAPL crappin' the bed today!
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Pretty standard correction geometry. I'm not a shareholder, but, if I were, I wouldn't be concerned, and, considering that the stock has doubled in the past two years, I don't believe shareholders have too much to whine about.
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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07-16-2015, 04:31 PM
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#22
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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With the market up 4% from the 2040 bottom, a new area of support has been created at the 2070-2080 level.
It actually is looking pretty, today 
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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07-16-2015, 04:48 PM
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#23
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,626
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Yeah, I guess my opinion has been proven wrong...I'm used to it though.
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07-16-2015, 05:13 PM
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#24
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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Quote:
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Originally Posted by PaceAdvantage
Yeah, I guess my opinion has been proven wrong...I'm used to it though.
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Until it proves otherwise, and breaks out for real, the market is still range bound.
That said, Google is up 10% after hours on earnings. If it holds, this is a breakout to an all time high from a market leader.
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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07-16-2015, 05:17 PM
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#25
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,626
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Quote:
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Originally Posted by badcompany
Until it proves otherwise, and breaks out for real, the market is still range bound.
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But I said we wouldn't see much above 2080 anytime soon...LMAO
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