Rationalize Posted November 4, 2009 Report Share Posted November 4, 2009 Still got my S+P calls from last wk. Plan is to sell half before the fed and keep the rest for a potential pop afterwards. Then get short after a possible run to 1060-1070. I thought it was long calls, short cash. Something change? Synthetic long put, no? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Heard that one at $1000, again at $1030, ...etc It worked for me at 1051 and 1061, covered at 1028. This time i'm not going to play it. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Looks like we'll open above the 50 dma. Link to comment Share on other sites More sharing options...
Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 I thought it was long calls, short cash. Something change? Synthetic long put, no? I was short cash, took profits then flipped long calls last week. Did not have both open at the same time. Still short individual stocks such as Amzn though and plan to sit out any pop this week. Link to comment Share on other sites More sharing options...
Rationalize Posted November 4, 2009 Report Share Posted November 4, 2009 Plain sailing for overnight unbridled dong? [0130 on chart = 0930 NYC] Link to comment Share on other sites More sharing options...
Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 Possibility we could be forming a H+S on the silver daily chart. Will keep an eye on this. For now its moving up in tandem with gold. Edit. For some reason, charts won't upload? Link to comment Share on other sites More sharing options...
Slappy Posted November 4, 2009 Report Share Posted November 4, 2009 GG announces earnings in the afterlife tonight, and CDE in the PMS tomorrow. Could make for some cross-currents today.. Link to comment Share on other sites More sharing options...
Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 Still intend to hold core gold position here for a potential run to $1200+. Won't get too clever trading it as the danger is missing the move which often comes too fast to catch. I will let the Elliott wavers top call all the way up. I see Bob P is still at it below. He has either kept his subscribers out of gold all the way up or had them shorting it as it has climbed for the past 7 yrs. Unbelievable. These guys are unembarrassable. edit:when gold was $258, he was calling for it to go to $150, then he has the cheek to make that statement below. **************************************************************************************** http://www.elliottwave.com/freeupdates/arc...se.aspx?code=cg 'To summarize the picture: Since 1913, the purchasing power of the dollar has fallen 96%. To match that loss, gold should be up 25 times from its pre-1934 fixed value of $20.67. It's not. It's up 50-times. On this basis, gold is 50% overvalued. In Bob Prechter?€™s own words: "A gold buyer today must be really convinced that inflation is going to take off in order to justify buying at today's prices. Of course, buyers today are convinced that inflation will rage, just as they were convinced that inflation was no threat at all back when gold was at $253.?€? Bob goes on to reveal a major development in the relationship between gold and silver prices, AND a possible game-changing event in the current price chart of gold-mining shares. ' Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 As mentioned last week. Just like last correction we are going to open right around the 50 dma and 'may' not look back today. Doc, can't upload pics... Link to comment Share on other sites More sharing options...
cwd Posted November 4, 2009 Report Share Posted November 4, 2009 It worked for me at 1051 and 1061, covered at 1028. This time i'm not going to play it. The smartest, richest man I know told a group two years ago he wasn't trading gold any more, just buy bullion and store it in a safe place. I heard him answer a question Saturday and say that 41% of his assests were in gold bullion. Link to comment Share on other sites More sharing options...
DrStool Posted November 4, 2009 Report Share Posted November 4, 2009 Possibility we could be forming a H+S on the silver daily chart. Will keep an eye on this. For now its moving up in tandem with gold. Edit. For some reason, charts won't upload? I can't upload my precious metals report either. Webhost informs me that this is a server wide issue. They are getting a disk full error, and promise to have it fixed within 10 minutes. I call bullshit. Link to comment Share on other sites More sharing options...
ChicagoBear Posted November 4, 2009 Report Share Posted November 4, 2009 $81b in notes and bonds up for sale next week. It doesn't look like a lot, and I'm not sure how much of that is new supply, but who is going to be buying $16b in 30 year and $25b in 10yr? Especially the 30yr, who wants to go that far out knowing rates can't possibly stay this low? Anybody buying this stuff is going to get creamed. Link to comment Share on other sites More sharing options...
Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 The smartest, richest man I know told a group two years ago he wasn't trading gold any more, just buy bullion and store it in a safe place. I heard him answer a question Saturday and say that 41% of his assests were in gold bullion. And his name is...? Link to comment Share on other sites More sharing options...
cwd Posted November 4, 2009 Report Share Posted November 4, 2009 Still intend to hold core gold position here for a potential run to $1200+. Won't get too clever trading it as the danger is missing the move which often comes too fast to catch. I will let the Elliott wavers top call all the way up. I see Bob P is still at it below. He has either kept his subscribers out of gold all the way up or had them shorting it as it has climbed for the past 7 yrs. Unbelievable. These guys are unembarrassable. edit:when gold was $258, he was calling for it to go to $150, then he has the cheek to make that statement below. **************************************************************************************** http://www.elliottwave.com/freeupdates/arc...se.aspx?code=cg 'To summarize the picture: Since 1913, the purchasing power of the dollar has fallen 96%. To match that loss, gold should be up 25 times from its pre-1934 fixed value of $20.67. It's not. It's up 50-times. On this basis, gold is 50% overvalued. In Bob Prechter⦣8364;™s own words: "A gold buyer today must be really convinced that inflation is going to take off in order to justify buying at today's prices. Of course, buyers today are convinced that inflation will rage, just as they were convinced that inflation was no threat at all back when gold was at $253.⦣8364;? Bob goes on to reveal a major development in the relationship between gold and silver prices, AND a possible game-changing event in the current price chart of gold-mining shares. ' It really is amazing, Prechter called the crash of 1987 and is still bearish. His followers have gone broke many times since then. Link to comment Share on other sites More sharing options...
swordfish Posted November 4, 2009 Report Share Posted November 4, 2009 if you have problems with upload then upload your chart to imageshack.us and then post a link to it here. Link to comment Share on other sites More sharing options...
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