The CoinGuy Posted August 31, 2005 Report Share Posted August 31, 2005 Someone noticed the hard work I put into those. Do appreciate it. I've been sitting back for days waiting on a single comment about them. Will do full updates tonight. doing a MAJOR shift in assets this afternoon. Of course, I'm already in the gold sector. Bought more yesterday, when the panic came in, and these positions aren't for sale. Best, TCG Link to comment Share on other sites More sharing options...
Old Habits Posted August 31, 2005 Report Share Posted August 31, 2005 Sorry TFH - I must have mis-read you. I thot you said closer to a top than bottom. Anyway, glad you agree. Agent Smith - I'm sorry but I think the CoinGuy is preoccupied in the cave with a female member of the clan. There is no telling when he'll be available. BTW - I like the way silver and the silver pm's are acting today. Link to comment Share on other sites More sharing options...
Guest Posted August 31, 2005 Report Share Posted August 31, 2005 Coin Guy .."MAJOR shift in assets" ?? care to say which sector ? thanks eitherway.. Link to comment Share on other sites More sharing options...
Charmin Posted August 31, 2005 Report Share Posted August 31, 2005 RGLD has a good month... and retests a prior monthly high in the Dec. '03 area of 23.50 cool.. Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 31, 2005 Report Share Posted August 31, 2005 Hadjin, I'd prefer not too mention what I'm pulling out of. Although, I will say energy related investments, and only with original capital + 100%. Transferring assets to foreign bonds and currency primarily. Mostly a shift on the bond side of the foundation. Anti dollar, anti US bond, anti US markets is the general nature of all investments I will be making for the forseeable future, just as I have done since I arrived on the scene at CapStool in 2001. A point I made from the beginning, and quite a few didn't listen. It doesn't matter what type of gains you make if the currency you're taking those gains in is losing purchasing power. You cannot possibly make up for the difference. I'm a seasoned trader with experience, and I wouldn't even attempt it. So those of you who want to keep playing with the broad markets on the long side...I'll wish you luck in your endeavors, you have more guts than I do. Best, The CoinGuy Link to comment Share on other sites More sharing options...
Ander Posted August 31, 2005 Report Share Posted August 31, 2005 Finally a day thats not painful to look at. I had really, really thought the 205-207 support would hold. Especially given the SKI buy signal (and Ike's scenario). There is also a pretty clear 5 waves down in the move from 220 to 200, which I'm thinking (like dharma) is an A of an ABC, and we will likely rally to 220ish in B, and back to 200 in C, before moving much higher. I'll be happy if it just keeps going, of course. Just holding + dollar cost avraging in. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 31, 2005 Report Share Posted August 31, 2005 Finally a day thats not painful to look at. I had really, really thought the 205-207 support would hold. Especially given the SKI buy signal (and Ike's scenario). There is also a pretty clear 5 waves down in the move from 220 to 200, which I'm thinking (like dharma) is an A of an ABC, and we will likely rally to 220ish in B, and back to 200 in C, before moving much higher. I'll be happy if it just keeps going, of course. Just holding + dollar cost avraging in. <{POST_SNAPBACK}> Good to see you again Ander. I was beginning to think you'd been kidnapped by two lovely Swedish maids. Link to comment Share on other sites More sharing options...
Guest Posted August 31, 2005 Report Share Posted August 31, 2005 Thanks Coin Guy... The miners have been a very trying sector, and ALMOST impossible hold. I don't know.... but if/when the miners go back up, I may at some point (much earlier than I had wanted) sell everything and buy some more physical and keep the rest in cash. I think situational opportunities will avail themselves more and more for safe quick profits; call it Gorilla investing. Thanks again Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 31, 2005 Report Share Posted August 31, 2005 "some more physical" Tells me your already on the right path Hadj. I've never had the physical metal keep me up at night. Not forgetting to take some profit "completely" off the table is a smart move when attempting to invest in this sector. FWIW, I don't use this strategy myself, I use another one, but I have friends who solely use a certain number. Let's say a million dollars. At the end of each run in the precious metals sector, and I'll mention, they don't try to hit the tops and bottoms precisely. At any rate, they'll take off ALL of their profits, and put it strictly in the physical metal(gold and silver)on the second smackdown. I've seen only one have to dip into his kitty. He didn't listen in April of '04. So Instead of selling 1/3, and keeping 2/3, such as Sinclair suggests, over time they're building a nice stash of physical to balance out the volatility of investing in this sector. There are many strategies to use, I happen to like this one because I'm an advocate for the physical metal. Not to be used as a "future currency", but as a solid store of wealth. A maintainer of purchasing power. I know you know this, but you're in a zero sum game. Although with the physical metal in tow...the odds are put in your favor. Best Regards, The CoinGuy Link to comment Share on other sites More sharing options...
Ander Posted August 31, 2005 Report Share Posted August 31, 2005 Good to see you again Ander. I was beginning to think you'd been kidnapped by two lovely Swedish maids. <{POST_SNAPBACK}> That would certianly be less painful than having your stocks go down. Link to comment Share on other sites More sharing options...
ThorAss Posted August 31, 2005 Author Report Share Posted August 31, 2005 Sorry TFH - I must have mis-read you. I thot you said closer to a top than bottom. Anyway, glad you agree. Agent Smith - I'm sorry but I think the CoinGuy is preoccupied in the cave with a female member of the clan. There is no telling when he'll be available. BTW - I like the way silver and the silver pm's are acting today. <{POST_SNAPBACK}> I read it that he meant close in terms of price not time and in the past tense and that he meant it in the way that we are more likely to go higher than loer. Link to comment Share on other sites More sharing options...
Guest Posted August 31, 2005 Report Share Posted August 31, 2005 well now that everyone has come back out of their bomb shelters, the game can begin. as i mentioned on the last page, the hourlies look like an abc and the dailies look like 5 waves down on xau/hui. so, for me the prudent stategy is to see how it looks @around 98 xau, if it looks strong, ie no divergences maybe i hang on. on a longer term perspective, i am w/the coin guy(yes i do appreciate your charts). i have about 25% of my liquid net assets in gold/silver. i do think the dolar is history. this i will hold until the old highs are surpassed. then think about what to do. i want to put money in other currencies, but it is beyond my experience. coin guy, if you have some ideas, yes i always do my own dd, i am all ears. foreign bonds i have held before, but really know nothing about it. and broads look like either the 4yr cycle high has been seen or will be seen shortly. i was short and covered into support and am waiting to short again. i think diversifying out of dolars is the way to go. ask soros and buffet. dharma Link to comment Share on other sites More sharing options...
ThorAss Posted August 31, 2005 Author Report Share Posted August 31, 2005 Well you know what I was saying yesterday about not frontrunning ... NEVERMIND! Kudos to those who bought near yesterday's lows. Bravo! You will be less out of pocket then I if we get whopsawed. Yes you read me correctly I fell back in fully. When they started buying right at 2 pm I knew it was for real. I expect we get a little run now but in this suctor can't be too sure. Could always just be a short squeeze or EOM widow dressing. SONG - QUEEN - I WANT TO BREAK FREE! Reasons for change of heart (COH): Short Term (60 min) Hooey Timing. Well what a difference a day makes, 24 little hours. MACD crosses over and races higher. Mooing averages also cross. Monday's high surpassed (but not until after in). Strength in buying pressure. Late buying (smart money). Longer Term (Daily) Hooey Timing. Frontrunning. Mooing averages flat, no bullish cross yet. MACD also flat, no cross yet. HalfKnee broken vis Monday's high. Nice bullish looking reversal candle. This thing could run out of puff though and become nothing more than a backtest of the breakdown out of the channel that occured last Wensday. Watching the momo around 207. Expecting at least an overlap. Mind you the next day after a good day such as today has been a bit hit or miss. Up only about 1/2 the time. The model had a LT sell on Aug 23, 2005 at 206.90 and went into CASH. This was a frontrun of the mooing averages by 4 days that saved a few points and was based on 2 halfneck breaks and an MACD cross. It went 100% long on Aug 31,2005 at 205.6 having been in CASH for only 5 full days. Again this is a frontrun of the mooing averages based on a single HalfKnee break and a bullish reversal candle. A bit slim on evidence but ya pays yer money and ya take yer chances. Link to comment Share on other sites More sharing options...
Guest Posted August 31, 2005 Report Share Posted August 31, 2005 QUOTE(traderfromhell @ Aug 31 2005, 01:04 PM) Good to see you again Ander. I was beginning to think you'd been kidnapped by two lovely Swedish maids. Ander.. because your apperances on this thread are of such serious importance and necessity, I will volunteer and sacrific myself to take your place in what would no doubt be a difficult and frightening experience. My posts may be worthless for making money, but when the tough tasks appear, I'm at the front of the line to "lay my body down" for the team. Link to comment Share on other sites More sharing options...
Ander Posted August 31, 2005 Report Share Posted August 31, 2005 QUOTE(traderfromhell @ Aug 31 2005, 01:04 PM)Good to see you again Ander. I was beginning to think you'd been kidnapped by two lovely Swedish maids. Ander.. because your apperances on this thread are of such serious importance and necessity, I will volunteer and sacrific myself to take your place in what would no doubt be a difficult and frightening experience. My posts may be worthless for making money, but when the tough tasks appear, I'm at the front of the line to "lay my body down" for the team. <{POST_SNAPBACK}> hehe. No, I'm pretty sure my posts are more worthless for making money, and thus I should be the one to go. Link to comment Share on other sites More sharing options...
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