MrHanky Posted April 11, 2012 Report Posted April 11, 2012 Rejected at the SPX 50 day,can the bulls recover?
shorty Posted April 11, 2012 Report Posted April 11, 2012 Rejected at the SPX 50 day,can the bulls recover? No. But they can keep dreamin'. "Soars" up 58 cent
DrStool Posted April 11, 2012 Report Posted April 11, 2012 Multiple Under Reported Busts and Big Employment Cost Increase Will Clobber Earnings April 11, 2012By Lee AdlerRuss Winter thinks that corporate earnings will be bad because of busts under-reported busts in key economic areas. Russ, Lee Adler, and Aaron Krowne discuss the huge student loan delinquency problem, and the big jump in full time employment in March. This is a subscriber only podcast.
DrStool Posted April 11, 2012 Report Posted April 11, 2012 Latest Wall Street Examiner Posts Multiple Under Reported Busts and Big Employment Cost Increase Will Clobber Earnings What If Housing Is Done for a Generation? Calling All Crash Test Dummies: Big Crash Ahead Short covering bounce,or something more? 9-Year 10-Month Note Treasury Auction Results Gold Holds, More Signs That Bottom Is Forming SPX, CVX, and NYA Updates: Aesthetics vs. Technicals Finally A Payday for Bears, Should They Take The Money and Run? Emetic exhaustion Quite ugly Blockbuster Full Time Employment Growth, But An Intractable Long Term Crisis Houston – We have a problem, in Switzerland
I_Am_Madness Posted April 11, 2012 Report Posted April 11, 2012 The action on GDX stinks. Gold almost 50 dollars off the lows and GDX is .50 off the 52 week lows. On a day the overall market was up and gold flat, the miners closed down .50. Have a look at this dollar chart. I think something big is brewing. It might cause one heck of a bip down on Gold coming up. This is purely based on my interpretation of recent action in this sector.
Trader Joe Posted April 11, 2012 Report Posted April 11, 2012 Latest Wall Street Examiner Posts Multiple Under Reported Busts and Big Employment Cost Increase Will Clobber Earnings What If Housing Is Done for a Generation? Calling All Crash Test Dummies: Big Crash Ahead Short covering bounce,or something more? 9-Year 10-Month Note Treasury Auction Results Gold Holds, More Signs That Bottom Is Forming SPX, CVX, and NYA Updates: Aesthetics vs. Technicals Finally A Payday for Bears, Should They Take The Money and Run? Emetic exhaustion Quite ugly Blockbuster Full Time Employment Growth, But An Intractable Long Term Crisis Houston – We have a problem, in Switzerland Said it before, but I'll say it again Good way to present this stuff in this day and age on information overload
MrHanky Posted April 11, 2012 Author Report Posted April 11, 2012 Nothing that bearish on the weekly chart (yet),unless we take out 1350.....
capitall Posted April 11, 2012 Report Posted April 11, 2012 The action on GDX stinks. Gold almost 50 dollars off the lows and GDX is .50 off the 52 week lows. On a day the overall market was up and gold flat, the miners closed down .50. Have a look at this dollar chart. I think something big is brewing. It might cause one heck of a bip down on Gold coming up. This is purely based on my interpretation of recent action in this sector. I am not as good with charts as you are, Madness, so I am probably wrong. But neither gold nor the dollar looks bullish or bearish to me. They both just seem to be hanging around going pretty much sideways. I guess one or both of them will have to do something sooner or later. As for the miner stocks, they seem to be in a world all their own-- definitely bearish for quite some time. One would think they would bottom some time-- unless they are going to end up being given away for free like natural gas futures. Supposedly there is a popular hedge fund trade being long gold and short miners as a hedge. If so, it sure looks like it works great.
Dopamine Posted April 11, 2012 Report Posted April 11, 2012 If you want to see what was Madness ranting about yesterday, you can go to traders talk tonight and see it first hand. Fib showed up and it appears he had both buy and sell recommendations on Apr 3rd. So even though buy post was on the board and sell recommendation was who knows where else, sell takes precedence. All in the name of "subscribers". lol Comical.
specie Posted April 12, 2012 Report Posted April 12, 2012 Nothing that bearish on the weekly chart (yet),unless we take out 1350..... i just can't let this one slide there was a weekly reversal candle on the DOW30, the S&P500 and the Wilshire5000 bearish reversal candles don't happen often they usually mean something important you can look it up
MrHanky Posted April 12, 2012 Author Report Posted April 12, 2012 i just can't let this one slide there was a weekly reversal candle on the DOW30, the S&P500 and the Wilshire5000 bearish reversal candles don't happen often they usually mean something important you can look it up You may be right,I have no clue which way we go.I was just saying that the chart does not look too bad at the moment.
jp6 Posted April 12, 2012 Report Posted April 12, 2012 The action on GDX stinks. Gold almost 50 dollars off the lows and GDX is .50 off the 52 week lows. On a day the overall market was up and gold flat, the miners closed down .50. Have a look at this dollar chart. I think something big is brewing. It might cause one heck of a bip down on Gold coming up. This is purely based on my interpretation of recent action in this sector. AAPL yeild 1.8% and P/e 17.82 next year 12.41 Intel yeild 3.1% and P/e 11.65 next year 10.63 GG Yield 1.3% and P/e 18.59 next year 12.02 Gold stocks are selling gold once sold, gold reserve goes down but shareholders have not benefited much, CEO have done well My link My link 2 Major gold mining companies, whose shares have dropped even as the gold price rose, should be paying out more in yields and dividends to attract shareholders and broaden the appeal of gold investment, a key industry figure charged on Thursday. "You look at the seniors (major companies) who have had just a terrible performance. They're not giving any leadership to the industry," Rob McEwen, chief executive of McEwen Mining Inc told the Reuters Global Mining and Metals Summit in New York. "They're actually a deterrent (to investment)," he said of big gold companies, known as seniors. He noted that since 2006, the gold price has risen 133 percent while shares in Goldcorp, the company he founded two decades ago, are still trading at around the same price. On Thursday, Goldcorp closed down 15 cents at C$44.31 in Toronto. During 2006, it hit a high of $45.99, according to Thomson Reuters data. "Goldcorp's production has increased 80 percent," said McEwen, who is no longer connected with the company. "It used to be that when your production went up, your share price went up. Their share price is flat." He cited similar data for other major U.S. and Canadian gold companies. There was no immediate comment from Goldcorp on McEwen's comments. "Over the last six years, it's been a horrible place to have your money," he said of gold company equities, which have come under recent competition from exchange-trade funds (ETFs) which allow investors to buy physical gold. "They don't have money in their companies, so when they wake up they are not thinking about how to increase the share price. It's more about 'how do I increase my salary or my bonus?'"
Jimbo Posted April 12, 2012 Report Posted April 12, 2012 THE PAIN IN SPAIN FALLS MAINLY ON THE BOND Didnt take long for LTRO to run out of puff. And its taking the stock markets down with it. Theres only one way to solve the eurocrisis It can be solved by one simple little magic word The magic word that no magician central banker will dare utter The magic word is "Default" There is a reason gold miners havnt gone anywhere. Gold miners just dont produce that much free crash flow to give to shareholders. They have to spend all the free cash flow to replace production Its all the capital spending that is depressing gold company stock prices. i.e the cost of mining an ounce of gold is rapidly rising - as fast as or faster than the price of gold is rising. So stock prices of gold miners are falling until the dividend yield (which as a consequence rises) is high enough to attract investors. Look out for the miners who will can their capex plans and increase their dividends - they will get a nice bounce. The market is demanding less capex and higher dividends. Actually that would be quite bullish for gold prices too!!!
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