dharma Posted October 18, 2010 Report Share Posted October 18, 2010 i am seeing more of the public waking up to the reality of the present situation. they are chomping @the bit to buy. what #brings em in?! my guess and feeling is that 1400s get taken out before this leg tops. and then they promptly get taken to the woodshed. its fairly obvious that competitive devaluations are a reality. the race to 0 is in progress. bob hoye some consider an excellent technician. however the piece he includes by art cashin is well worth the read http://www.321gold.com/editorials/hoye/hoye101610.pdf martin armstrongs latest http://www.martinarmstrong.org/files/Nice%20Try%20but%20No%20Cigar%2010-9-2010.pdf i am 90% invested and i am likely to remain here unless a darling gets taken behind the woodshed dharma Link to comment Share on other sites More sharing options...
Ageka Posted October 19, 2010 Report Share Posted October 19, 2010 Bailing out Sold my trading pos in yamana for 2% gain Now 21% cash I think time is up , school is out ; time to do my homework for next schoolyear Link to comment Share on other sites More sharing options...
dharma Posted October 19, 2010 Report Share Posted October 19, 2010 looks to me like this leg is finished, we crashed through some important gann angles on my hourly charts. 186 hui on the daily chart is where the angles come in again. this leg was very instructive its a prelude to phase 3. i think the moves will be larger in phase 3 , but corrections, like this wave will be short in time and steep in price i have taken out my buy hat, but i havent put it on. anyone have pedimont! they got taken out. dharma good job ageka! Link to comment Share on other sites More sharing options...
Bernard_Barouk Posted October 19, 2010 Report Share Posted October 19, 2010 Dharma, Just checking, you mean XAU 186? Best, BB looks to me like this leg is finished, we crashed through some important gann angles on my hourly charts. 186 hui on the daily chart is where the angles come in again. this leg was very instructive its a prelude to phase 3. i think the moves will be larger in phase 3 , but corrections, like this wave will be short in time and steep in price i have taken out my buy hat, but i havent put it on. anyone have pedimont! they got taken out. dharma good job ageka! Link to comment Share on other sites More sharing options...
dharma Posted October 19, 2010 Report Share Posted October 19, 2010 Dharma, Just checking, you mean XAU 186? Best, BB sorry , thanks for the pointer. 486 hui. dharma Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted October 19, 2010 Report Share Posted October 19, 2010 I see miners are on sale today. Spots prices need to be beat down substantially or miners will still be making to much profit to be ignored. US$ up as the dash for cash takes place. Wonder where the money will be parked, short term bonds again? Link to comment Share on other sites More sharing options...
alceringa Posted October 20, 2010 Report Share Posted October 20, 2010 REE is smokin' Anybody got other rare earth plays they like? TIA Link to comment Share on other sites More sharing options...
dharma Posted October 20, 2010 Report Share Posted October 20, 2010 so yesterday was a shakeout, hopefully no one sold the lows. which shakeouts are designed to do. 1325 is support and a death zone for this cycle, its possibull that it could be the low. more of the same for this pattern. short sharp shakeouts. i am assuming that the 14th was the highs, and that a larger correction will develop. i will see ,using that assumption, if i am in tune w/the market or not and make the necessary adjustments. i have cash to redeploy. if 1325 holds then i still should get an opportunity to buy, if not , then i will buy into my zone. we do have hourly divergences on hui , but not xau. dharma i still see alot of the public waiting to enter this market. will the market accommodate them w/lower prices or will they have to pay up?! sinclair was interviewed by eric king yesterday http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/19_Jim_Sinclair_-_Brief_Period_of_Victory_for_Bubble_Callers.html Link to comment Share on other sites More sharing options...
AgentSmith Posted October 20, 2010 Report Share Posted October 20, 2010 Long-term buy hold gold/REE play: MDN.TO / MDNNF Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted October 20, 2010 Report Share Posted October 20, 2010 MLLOF.PK AVARF.PK maybe BAJFF.PK Link to comment Share on other sites More sharing options...
KnowsNothing Posted October 20, 2010 Report Share Posted October 20, 2010 REE is smokin' Anybody got other rare earth plays they like? TIA cay.v dsm.v Link to comment Share on other sites More sharing options...
dharma Posted October 21, 2010 Report Share Posted October 21, 2010 1325 is support, divergences in hui from Dover Sole, xau not as far down as hui which is a divergence, i am buying this am , right here right now. somehow, i dont think this leg is finished yet. since the july low there have been more than a dozen corrections. all short in time. i suspect that in retrospect this one will be no different. dharma Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted October 21, 2010 Report Share Posted October 21, 2010 Was 10% cash now 15%. Looks like a dead cat bounce yesterday in miners. It was a nice run beginning around Aug. 1st. Probably recheck the recent spot highs near the end of Nov. Was hoping for consolidation at higher levels but it's to volatile for that. Staying near 80% in stocks just in case the miners come unhinged. To soon for bottoming action in this sector could be weeks away. A few miners always off doing their own thing. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted October 21, 2010 Report Share Posted October 21, 2010 Skid: Armstrong is not to thrilled about RE anytime soon for obvious reasons for investing in it needs to be avoided but for living in one you like the most it is not a bad time to get in for low rates if you can be sure the title deed is clear. Link to comment Share on other sites More sharing options...
Private Skidmark Posted October 21, 2010 Report Share Posted October 21, 2010 Thanks, Whadda. I doubt rates get that much lower, but having thought about it I don't know that I want the cash flow tied up in a monthly payment and the down payment money tied up at this juncture, when I'd rather pick up more PM stocks/PMs. I don't expect RE prices to increase materially any time soon other than perhaps due to dollar destruction, but far less than PMs would increase in any case. Also having thought more, I may just prefer renting. After we experience the mania phase, perhaps I'll think differently. Link to comment Share on other sites More sharing options...
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