Investors....come in please!
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Any body thinking about GLD since it keeps dropping ?
I got stopped out of UGL this morning, so gold should rebound nicely in the coming months.
Originally Posted By: Turk
Originally Posted By: LT4 Vette
Any body thinking about GLD since it keeps dropping ?
Thinking about buying more as the markets go down & global worries increase, yes.
You??
Today I bought some GLD under $150. I also wondering how low it will go...
Originally Posted By: LT4 Vette
Any body thinking about GLD since it keeps dropping ?
Thinking about buying more as the markets go down & global worries increase, yes.
You??
Today I bought some GLD under $150. I also wondering how low it will go...
Japanese policy has crushed the Yen, and Europe is in shambles, which both have propelled the dollar much higher. That needs to reverse if gold is going to to get a bid (in dollars).
Originally Posted By: Warstud
Did you sell your TLT position? Looking overbought again.
Nah, if anything, bonds have been oversold. once the bond vigilantes get short squeezed like this morning, it takes off like a rocket.
The bond market has known something was up with the economy for weeks now.
Did you sell your TLT position? Looking overbought again.
Nah, if anything, bonds have been oversold. once the bond vigilantes get short squeezed like this morning, it takes off like a rocket.
The bond market has known something was up with the economy for weeks now.
Not really that, the heavy volume accumulation over the past several weeks mostly. That and rates slamming into 30 year resistance and collapsing. I posted that chart here.
Originally Posted By: Drew99GT
I'm thinking about buying a subscription to McClellan as well; I can't get enough charts.
From Tom McClellan.
Bond CEFs Now Saying Liquidity Is In Trouble.
When liquidity starts to dry up, the least deserving issues tend to get culled first from the herd. That is what we are seeing now in the bond CEF A-D Line. These liquidity-sensitive issues have already turned downward as a group, even though the SP500 was able to continue higher. This is a message that there are now liquidity problems facing the market, even though the Fed is continuing to drop money from helicopters every month. Perhaps $85 billion a month is just not enough.
The larger point is that these issues are more liquidity sensitive than others. So if we see them suffering as a group, then the message is there is a liquidity problem which will likely come around to bite the rest of the market. And when the market sees a meaningful dip for the SP500 without the bond CEFs getting hurt, the message is that it is likely a problem other than liquidity, e.g. geopolitics, investor mood, etc. Those are easier problems for the market to get through than liquidity problems, which take longer to solve.
I'm thinking about buying a subscription to McClellan as well; I can't get enough charts.
From Tom McClellan.
Bond CEFs Now Saying Liquidity Is In Trouble.
When liquidity starts to dry up, the least deserving issues tend to get culled first from the herd. That is what we are seeing now in the bond CEF A-D Line. These liquidity-sensitive issues have already turned downward as a group, even though the SP500 was able to continue higher. This is a message that there are now liquidity problems facing the market, even though the Fed is continuing to drop money from helicopters every month. Perhaps $85 billion a month is just not enough.
The larger point is that these issues are more liquidity sensitive than others. So if we see them suffering as a group, then the message is there is a liquidity problem which will likely come around to bite the rest of the market. And when the market sees a meaningful dip for the SP500 without the bond CEFs getting hurt, the message is that it is likely a problem other than liquidity, e.g. geopolitics, investor mood, etc. Those are easier problems for the market to get through than liquidity problems, which take longer to solve.
Watch for some bad earnings to roll this market. Famous quote from "often wrong Pablo".
Watch the SP500 rip higher into the 1600s even if the world comes to an end. It's teflon coated right now.
Originally Posted By: Drew99GT
Watch the SP500 rip higher into the 1600s even if the world comes to an end. It's teflon coated right now.
Yea, while we sit mostly on the sidelines and miss out. I am in it some & made over a Grand yesterday, but should have made 3-4 Grand.
BUT - It's better to be out a couple weeks before the correction/crash than be a day or two late.
AND - You know what happens when "Sucker money" goes into the market. You get
Anyone in the Japan market?
Look at what happened to Besy Buy. Anyone speck-ulating on JCP?
Watch the SP500 rip higher into the 1600s even if the world comes to an end. It's teflon coated right now.
Yea, while we sit mostly on the sidelines and miss out. I am in it some & made over a Grand yesterday, but should have made 3-4 Grand.
BUT - It's better to be out a couple weeks before the correction/crash than be a day or two late.
AND - You know what happens when "Sucker money" goes into the market. You get
Anyone in the Japan market?
Look at what happened to Besy Buy. Anyone speck-ulating on JCP?
Looking at sentiment, the market got exuberant over the past few weeks and then got scared (which is what sets up tops), but nothing really came of it, so the irrational exuberance has to reload again for any kind of meaningful corrective action to start. That likely means higher prices, or any decline to be short lived.
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