isn't AUY sending out a financial report for Q2 tomorrow? how do you think that'll effect the stock.
i'd rather be back in BQI right now than DXO. :) good grief. i'm down over 20% in AUY and DXO right now. it could take months to come back. i still believe in SKF, don't mind being down in that as much. it could take off soon.
A QMNM p/r would be nice right now. I'd take anything.
August 6: Quest mining throws an impromptu employee BBQ. Morale increases substantially. Miners are heard saying "this place f*cking rocks" followed by heaving all over the coal piles.
Give me something, Eugene, ANYTHING!! i'm deeply underwater and the sharks are starting to circle...
It's pre-election rah rah in the markets today. Oil down, gas at the pump too, $3.71/gal here, we'll prolly see $3.49 by November. It's like a breath of fresh air as you come up above water for the last time.
After the election...we'll be living in interesting times....
I think we're all on the right path w/ the miners and financial shorts...we're in a nasty bear market rally - basically noise in the larger picture IMO.
Still, it's no fun watching money evaporate for a few weeks...just as long as it comes back + interest. ;)
I just remembered that August 12 is the last day for any rejections to the QMNM bankruptcy plan. That's still in effect, right? Things will probably move a little slow until after that day. Maybe no PR's would be a good thing...no news would be good news.
Remember, breathe regularly Nate, or you'll pass out on the pot!
Lots of bad news coming out re: financials...this rally should be over, but you never know. Fundamentally, things are getting worse for credit markets IMO. I personally think gold has bottomed although it could kick around mid-high 800's for a few weeks.
I don't have much time to post here the next two weeks, as I'm going to Cali for a semester. I need to take care of a whole bunch a stuff.
No trades this week, and I am deep underwater in mining stocks too. Got SRS and SKF with a 2% loss but they look like they wanna take of soon.
On the positive side. I'm holding a sugar EFT longterm and it's starting to decouple from oil which is very bullish. I see more upside potential ST.
I'll post when ever I make a trade
BTW just got this on my streamer
"FX: The RSI , the relative strength index for EURUSD is extremely oversold @ 24 (normal range 35 to 70), which occurred only 4 times last 12 months. We can expect heavy short squeeze/rally in EURUSD before the weekend. EURUSD has massive support just above 1.5315, which we expect to hold and trade towards just below 1.54 tomorrow."
i'm a little tired of sitting on my miner AUY, though i can wait it out some. however i'm losing confidence in my oil long DXO. any thoughts on taking the loss and putting the money in SKF? what's the outlook for the next couple days??
hey Lat, is the volume on UYG selling volume? i'm wondering if i should hang onto SKF overnight. it's had a nice gain today, but i'm still down almost 10%. i want to lock in these gains.
hmmmm...maybe i spoke too soon. the ask on DXO is almost .20 higher than the current price. no one is willing to sell for cheap and the bid keeps rising. the spread is huge. fingers crossed.
Nate. I'm holding SKF for now as I have a lot @ 130 and another @ 140 area. I'm almost certain it cracks 140 north again in the near future, and I'd rather not book a loss because I don't think I'll have to.
I don't play oil myself, but if I were to go one direction mid-term right now I'd prob. bet on it long. Too much tension w/ Iran, dollar has rallied enough for the short term, and hurrican season always keeps things interesting.
Assuming gold stages a comeback in the near term, AUY will rocket IMO. Look at previous up legs; they are darn near vertical. I'm averaged in from 14.65 down to 11 and holding all until they are profitable.
And yes, volume today for UYG was sell (although for every seller there must be a buyer so....)...point is, nice volume on a significant down day for the components of UYG.
24 comments:
broke a key support line
$860 is next after $870. Pretty good support there.
November 4th looms and they got to put lipstick and a dress on the pig.
isn't AUY sending out a financial report for Q2 tomorrow? how do you think that'll effect the stock.
i'd rather be back in BQI right now than DXO. :) good grief. i'm down over 20% in AUY and DXO right now. it could take months to come back. i still believe in SKF, don't mind being down in that as much. it could take off soon.
Too many people are partying like it's 1999 again (as in yesterdays 330+ runup).
Election won't fix anything, so whatever pump goes in, comes right off.
Gold is just being hammered though. Really want to see this stabilize soon.
When gold rebounds, AUY will go up like a rocket.
A QMNM p/r would be nice right now. I'd take anything.
August 6:
Quest mining throws an impromptu employee BBQ. Morale increases substantially. Miners are heard saying "this place f*cking rocks" followed by heaving all over the coal piles.
Give me something, Eugene, ANYTHING!! i'm deeply underwater and the sharks are starting to circle...
LMAO.
Nate, sense of humour is priceless so you are rich buddy!
Consolidation at 860 IMO...I will clost out most of my short positions at that level in gold...
Agree, the election won't fix a thing.
It's pre-election rah rah in the markets today. Oil down, gas at the pump too, $3.71/gal here, we'll prolly see $3.49 by November. It's like a breath of fresh air as you come up above water for the last time.
After the election...we'll be living in interesting times....
Yep.
I think we're all on the right path w/ the miners and financial shorts...we're in a nasty bear market rally - basically noise in the larger picture IMO.
Still, it's no fun watching money evaporate for a few weeks...just as long as it comes back + interest. ;)
I just remembered that August 12 is the last day for any rejections to the QMNM bankruptcy plan. That's still in effect, right? Things will probably move a little slow until after that day. Maybe no PR's would be a good thing...no news would be good news.
Anyone out there?
sorry, i was just trying to squeeze out a morning dump bigger than the one gold took. god bless the prune juice...
other than that just hiding under the blankets hoping for the best.
Remember, breathe regularly Nate, or you'll pass out on the pot!
Lots of bad news coming out re: financials...this rally should be over, but you never know. Fundamentally, things are getting worse for credit markets IMO. I personally think gold has bottomed although it could kick around mid-high 800's for a few weeks.
AIG took the biggest dump of all this am.
Closed out my UYG short for 1.5%.
Currently long on half...short on half.
Where is Joe this a.m.? not that I dont like you guys too. :)
What concerns me is that the dollar broke out of a very well defined trading range to the bad side...higher.
Hi guys
I don't have much time to post here the next two weeks, as I'm going to Cali for a semester. I need to take care of a whole bunch a stuff.
No trades this week, and I am deep underwater in mining stocks too. Got SRS and SKF with a 2% loss but they look like they wanna take of soon.
On the positive side. I'm holding a sugar EFT longterm and it's starting to decouple from oil which is very bullish. I see more upside potential ST.
I'll post when ever I make a trade
BTW just got this on my streamer
"FX: The RSI , the relative strength index for EURUSD is extremely oversold @ 24 (normal range 35 to 70), which occurred only 4 times last 12 months. We can expect heavy short squeeze/rally in EURUSD before the weekend. EURUSD has massive support just above 1.5315, which we expect to hold and trade towards just below 1.54 tomorrow."
My guess is Joe is either hungover or with a bridesmaid (or both) from the wedding.
;)
Nice down day forming and volume on UYG is ramping up as price falls. Nice for SKF. :)
i'm a little tired of sitting on my miner AUY, though i can wait it out some. however i'm losing confidence in my oil long DXO. any thoughts on taking the loss and putting the money in SKF? what's the outlook for the next couple days??
hey Lat, is the volume on UYG selling volume? i'm wondering if i should hang onto SKF overnight. it's had a nice gain today, but i'm still down almost 10%. i want to lock in these gains.
hmmmm...maybe i spoke too soon. the ask on DXO is almost .20 higher than the current price. no one is willing to sell for cheap and the bid keeps rising. the spread is huge. fingers crossed.
Nate. I'm holding SKF for now as I have a lot @ 130 and another @ 140 area. I'm almost certain it cracks 140 north again in the near future, and I'd rather not book a loss because I don't think I'll have to.
I don't play oil myself, but if I were to go one direction mid-term right now I'd prob. bet on it long. Too much tension w/ Iran, dollar has rallied enough for the short term, and hurrican season always keeps things interesting.
Assuming gold stages a comeback in the near term, AUY will rocket IMO. Look at previous up legs; they are darn near vertical. I'm averaged in from 14.65 down to 11 and holding all until they are profitable.
And yes, volume today for UYG was sell (although for every seller there must be a buyer so....)...point is, nice volume on a significant down day for the components of UYG.
Joe we need a new topic thread; my scroll button is gonna wear out soon!!
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