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08-24-2020, 08:25 AM
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#2251
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by lamboguy
its going to take at least 2 years for the worlds economy to make a significant bounce. in our country we have lost a net amount of 13 million jobs and it doesn't look like its going to get better soon.
but copper should come back in a big way 2 years from now. within 5 years i think it will be $5 a pound in today's dollars. if the dollar gets weaker it will be higher. right now copper is slightly under $3,00 per pound. natural gas probably going to follow the same ro
ute as copper. that would be a humungus move in that market.
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Economist at Goldman Sachs predicts that 25% of workforce laid off, will not be coming back, ever.
__________________
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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08-25-2020, 10:11 AM
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#2252
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Exon was on the dow 30 for 93 years and got kicked out today. Honneywel got kicked 12 years ago, now back on.
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08-25-2020, 10:13 AM
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#2253
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Easy for the "market" to keep going up when you kick the losers out every now and then...lol
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08-25-2020, 10:16 AM
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#2254
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Quote:
Originally Posted by PaceAdvantage
Easy for the "market" to keep going up when you kick the losers out every now and then...lol
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as far as i can see, oil is not going away. that being said i don't think i would be buying Exon. they are to much of a financial company these days, but Chevron or BP might be the way to go if they hit them good for now.
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08-25-2020, 10:18 AM
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#2255
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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i have been tradking on Interactive Brokers, and they are real good. i get great fills and fast as hell.
for the record, i don't own the stock and never have.
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08-25-2020, 10:54 AM
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#2256
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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right now gold is banging down to the 2011 highs. it only stayed at that high for a few months, so that means to me there isn't that much support there.
long term meaning 3 months or more, i think gold is going to $2700, but that doesn't mean the broker dealers and bankers can't drag it down to $1825.
the price is at a very precarious spot right now. as physco as silver is, it looks better for now.
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08-25-2020, 10:57 AM
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#2257
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Rocket mortgage knows the mortgage market better than anyone. they know the amount of new business and refi's by the orders they get. legally someone there can do insider trading with the info they have.
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08-25-2020, 11:50 AM
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#2258
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Quote:
Originally Posted by lamboguy
right now gold is banging down to the 2011 highs. it only stayed at that high for a few months, so that means to me there isn't that much support there.
long term meaning 3 months or more, i think gold is going to $2700, but that doesn't mean the broker dealers and bankers can't drag it down to $1825.
the price is at a very precarious spot right now. as physco as silver is, it looks better for now.
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Gold had its run for the time being. Has to form a new base.
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08-25-2020, 12:18 PM
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#2259
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Quote:
Originally Posted by Secondbest
Gold had its run for the time being. Has to form a new base.
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i don't know if it needs a base below, but you might be right. it needs to stay above 1012 for starters, if it falls below that it will need a base to liftoff of.
if you are holding physical metal, i wouldn't sell it looking for a less of a number to get back into. it just doesn't make sense these days with the premiums involved.
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08-26-2020, 08:14 AM
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#2260
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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price of gold regged?
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08-26-2020, 02:27 PM
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#2261
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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i think that people are going to buy Apple, Tesla, Amazon, Facebook, Salesforce.......FOREVER
the analysts covering those stocks are much smarter than myself. these stocks don't even pull back for 10 minutes, they just go with gas.
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08-26-2020, 03:40 PM
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#2262
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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you try to short the S+P and they have all the above company;s in it.
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08-26-2020, 04:13 PM
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#2263
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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this fed chairman Powell is the best i have ever seen. he is going to keep interest rates at ZERO for the next 5 years. in case Biden gets in, i hope he doesn't fire him.
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08-27-2020, 04:49 PM
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#2264
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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today there was a bear market, it lasted all of 4 minutes.
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08-28-2020, 10:22 AM
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#2265
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Wallmart wants to be partners with Microsoft to buy Tic Tok. i wonder if 6 months ago if the board of directors at Wallmart ever even heard of Tik Tok
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