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08-17-2021, 08:46 AM
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#2806
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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I hope the profiteers are doing what they did yesterday..... 
And then market rally's
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08-17-2021, 10:32 PM
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#2807
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Just In Case You Need A Good Laugh
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08-18-2021, 01:46 PM
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#2808
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by ReplayRandall
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"It's good to be the Queen," apologies to Mel Brooks.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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08-19-2021, 06:14 AM
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#2809
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by lamboguy
Gold COT Report - Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
277,260 108,854 27,767 124,720 320,361 429,747 456,982
Change from Prior Reporting Period
4,117 32,046 -11,813 3,371 -32,272 -4,325 -12,039
Traders
171 65 70 49 53 246 165
Small Speculators
Long Short Open Interest
47,485 20,250 477,232
-4,106 3,608 -8,431
non reportable positions Change from the previous reporting period
COT Gold Report - Positions as of Tuesday, August 10, 2021
last Sunday night, someone walked up to the window and put up $4 billion dollars to short gold.. this turned out to be someone or a group of someones that were naked short 32,272 contracts. they covered all those contracts and bought back enough to be long 3371 new contracts.
this move has worked every single time in gold for the past 20 years. right now it looks like the bankers have a small long position.
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Hey lambo, this Australian guy has an interesting video on how he sees the gold miners. His voice is a little annoying, but his video may be worth watching.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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08-19-2021, 07:36 AM
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#2810
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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gold is roughly $1800 per ounce, yet the miners are trading like it's only $800 the ounce. those miners, especially the juniors, have done more than a ,618 pullbacks off the prior trend. in Fibonacci, which calls for an immediate trend reversal.. the further the trend expands to the upside or downside, the bigger the next trend should be. in 2011 the miners did over a 1-2 downside trend. i have some junior mining shares that had gone up 20 fold at their highs and now have wicked reversals.
if I make money in mining stocks, I just buy more physical gold with the profits. i have been buying heavily into the mining stocks for the past 2 months and I have been getting killed with them. (not great timing on my part). i am now out of fresh powder to chase it further, so I am just holding what I have.
from Jesse Livermore: " when you know you are right, you must sit tight"!
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08-23-2021, 01:10 PM
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#2811
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Chart Readers
Any simple ways/tips to read charts?
How about your best indicators (MACD-RSI) ?
thxs
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08-23-2021, 01:57 PM
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#2812
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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So, how many of the folks calling tops the last few months have gone broke?
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08-23-2021, 03:15 PM
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#2813
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Quote:
Originally Posted by lamboguy
From Jesse Livermore: "when you know you are right, you must sit tight"!
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My old boss, the late John Bogle, often said to us and to our fund investors. "Buy right and hold tight." Bogle always advised investors to buy regularly and never sell.
Never knew Jesse Livermore said probably that first. Thanks.
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08-23-2021, 03:16 PM
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#2814
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
So, how many of the folks calling tops the last few months have gone broke?
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Everyone has called TOPS...... but its coming.....
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08-23-2021, 03:22 PM
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#2815
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by myohmyjustify
My old boss, the late John Bogle, often said to us and to our fund investors. "Buy right and hold tight." Bogle always advised investors to buy regularly and never sell.
Never knew Jesse Livermore said probably that first. Thanks.
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Why didn't we do this in our 20's and 30's ???
Because
Our parents living thru the Depression wanted nothing to do with the stock market and never preached it to us...
Look on YouTube now....every one is an Expert and making tons of money....
While the Baby Boomers are collecting on .01 % CD's...
Mike
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08-23-2021, 10:06 PM
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#2816
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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Quote:
Originally Posted by geroge.burns99
Look on YouTube now....every one is an Expert and making tons of money....
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This always happens during extended bull runs. Everyone is a genius all of a sudden.
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08-23-2021, 10:20 PM
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#2817
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
This always happens during extended bull runs. Everyone is a genius all of a sudden.
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man, thats an understatement....
you think I'm bad here....wanna guess how many of those YouTubers I told to ..
"FIND A REAL JOB"
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08-23-2021, 10:35 PM
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#2818
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Registered User
Join Date: Dec 2011
Location: Thornhill ON
Posts: 466
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Booming Babies
Quote:
Originally Posted by geroge.burns99
Why didn't we do this in our 20's and 30's ???
Because
Our parents living thru the Depression wanted nothing to do with the stock market and never preached it to us...
Look on YouTube now....every one is an Expert and making tons of money....
While the Baby Boomers are collecting on .01 % CD's...
Mike
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House poor and reloading debt
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08-23-2021, 10:38 PM
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#2819
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by dlivery
House poor and reloading debt
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EXACTLY!!!!!
My father worked 2 jobs to feed us (4 boys) , never got out of 7th grade either....
and being a drunk made it that much harder....
Mike
Kids these days don't know what life really is.....
Last edited by geroge.burns99; 08-23-2021 at 10:40 PM.
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08-24-2021, 10:57 AM
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#2820
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Quote:
Originally Posted by geroge.burns99
Everyone has called TOPS...... but its coming.....
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We're told they ring the bell when the bull market is over. 
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