ThorAss Posted June 17, 2005 Report Share Posted June 17, 2005 If gold is the ultimate money and we buy gold shares due to their leverage to gold then logically we only need concern ourselves with our shares as they relate to the price of gold. Thus in the end we want to know how much gold we can get for our shares. When we sell our gold shares for cash we are going long fiat (albeit temporaily) hoping we can exchange our fiat later for more shares. One wonders if their isn't a better liquid alternative. Link to comment Share on other sites More sharing options...
Charmin Posted June 17, 2005 Author Report Share Posted June 17, 2005 shorting NEM at 40 might be a proper trade because of weekly creek at the 40 area...it also might be a skeptical place because of the way it approached with wide range....but who knows..... 441 was weekly creek and trendline area for gold... silver not responding as well....hmmm Link to comment Share on other sites More sharing options...
Charmin Posted June 17, 2005 Author Report Share Posted June 17, 2005 hey....I feel like...why not just buy homebuilders....and forget everything..... but the babes.....hahahhaaaaha Link to comment Share on other sites More sharing options...
traderfromhell Posted June 17, 2005 Report Share Posted June 17, 2005 Congrats to longs this week. Link to comment Share on other sites More sharing options...
plantigrade Posted June 17, 2005 Report Share Posted June 17, 2005 ... a better liquid alternative. Like, Oil ? Link to comment Share on other sites More sharing options...
traderfromhell Posted June 17, 2005 Report Share Posted June 17, 2005 ... a better liquid alternative. Like, Oil ? <{POST_SNAPBACK}> My choice for a little golf and liquid alternative. Link to comment Share on other sites More sharing options...
AgentSmith Posted June 17, 2005 Report Share Posted June 17, 2005 ... a better liquid alternative. Like, Oil ? <{POST_SNAPBACK}> My choice for a little golf and liquid alternative. <{POST_SNAPBACK}> mmmmm....vitamin Y, good choice. Link to comment Share on other sites More sharing options...
traderfromhell Posted June 18, 2005 Report Share Posted June 18, 2005 COT Link to comment Share on other sites More sharing options...
jr12 Posted June 18, 2005 Report Share Posted June 18, 2005 dollar, resistance at pitchfork Link to comment Share on other sites More sharing options...
ThorAss Posted June 18, 2005 Report Share Posted June 18, 2005 Gold Technicals: Interesting today. AD nearly even at 48 to 45. But BP% fell a little off its highs 72% to 70%. However the BuLT% continued its march 45% to 47%. The gold indices were up nicely thank you very much but both my model and my account were off. Gold was up but silver got hammered back to a losing cent. All in all it was your basic June witching day. My feeling is we are in the fits and starts portion of this move and a little patience or extreme nimbleness are and will be required now. Also maybe keeping the bigger miners for now isn't such a bad plan. With the view to slowly moving into smaller and riskier issues as we progress and gold continues to climb. Nevertheless today's NuWreck is a very risky one indeed but holds some good risk reward. ADGD at 0.16 has arrived. Down from nearly a buck we may (or may not) have made the turn. There will likely be lots of overhead supply but that may not hold it back if it gains traction. The downside is a fall to zero but the upside is at least 6x current price. That's a 5 to 1 risk reward so it fits for me. Partial Disclosure: I may (or may not) own a sh1tl0ad of this one. Link to comment Share on other sites More sharing options...
ThorAss Posted June 18, 2005 Report Share Posted June 18, 2005 On the 4StockModel: Also interesting. All 4 components are long, up and showing nice profits especially VLO up from the entry of $73.74 to $80 just since the 13th. The other 3 are NEM up $1.44, RIMM up $2.24 and KLAC up $1.24. The model in this incarnation has been running since April 25 (less than 2 months) and is showing a staggering profit of $79,000 in that time. This with trading only 1000 shares of each, requiring a margin account initial value of less than $60,000. The model has made 70 transactions in that time spread nearly evenly across the 4 components in 38 trading days. This means one trading this model can expect to make 2 transactions (1 full trade) per day and rake in a yearly income of about half a million. And guess what, it's such a simple system it should be called Swing Trading for Dummies. Okay, explain to me again why I'm beating my brains out working 6 days a week 12 hours a day and holding radioactive PMS shares. Link to comment Share on other sites More sharing options...
plantigrade Posted June 19, 2005 Report Share Posted June 19, 2005 $ - with a fork in it Link to comment Share on other sites More sharing options...
ThorAss Posted June 19, 2005 Report Share Posted June 19, 2005 Spectre v. PumpLava Spectre Interview ASS. Farts Link to comment Share on other sites More sharing options...
Charmin Posted June 19, 2005 Author Report Share Posted June 19, 2005 Prudent trader reviews gold.... http://www.prudenttrader.com/ptltr061805.html Link to comment Share on other sites More sharing options...
GRINCH Posted June 19, 2005 Report Share Posted June 19, 2005 .....even a stupid grinch knows what 2 hot chicks look like...... ....nope ......maybe....(trader?) ....definitely........ Link to comment Share on other sites More sharing options...
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