sell! sell! sell!

[Dawoofdaddy]

Keep telling us about the global growth story that has no possibility of ever ending bulls. Shippers in the soup. Great money was made in that stock...too bad the late pilers-on are getting buried.

 

[tiznow]

think us bears might have had enough fun very near term

my guess we go green before day is out

its all noise though in the end i just watch the day to day stuff to amuze myself

 

[tiznow]

Woofy:


I'm shellshocked and trying not to do anything based on the current market. I know this sounds weird but I'm really kinda enjoying the crazyness of it all. I do sell calls against most of my postions but it helps very little.

you ain't seen nothing yet my friend

hopefully your come out of your shellshock (seemingly permabull) mode soon and get serious about making some serious bucks betting on the big bear to come

:toast:

plus regardless of bear or not

we only 12% off the highs i guess based on the last 5 years of continual grinding upwards with low volitility this is absurd though

 

[Dawoofdaddy]

MOS down 10% today tiznow.

:missingte

----

Before the bear market completes its course, the overwhelming majority of these permabulls will panic and sell their shares.

 

[tiznow]

and that will be the time i will be buying with both fists!!

when the last of the permabulls capitulate

 

[hellah10]

good thing I don't get stock options from this job :nopityA:

 

[tiznow]

dug absolutely flying

up 7.72%

oil longs beware!!

the bear takes no prisoners

 

[Dawoofdaddy]

The chunks being taken off some of these high flying stocks today is exciting to watch.

:guillotin

 

[tiznow]

The chunks being taken off some of these high flying stocks today is exciting to watch.

:guillotin

as much as you talk bearish, you participating in this fun at all i hope so!!

or you getting hammered along with the rest of um holding mainly all PMs and gold

hui off another 5.63%

miners getting mauled

the bears are running wild starting to trash anything and everything

 

[Dawoofdaddy]

no reason to past post trades but you can be safe knowing im pleased with todays trade.



my gold positions are well in the black overall. shake out all the dead wood. today means next to nothing regarding my overall opinion about gold. ive been watching market long enough to know its necessary.

you own plenty of gold so you are getting buried during any gold selloff yourself. not sure why everytime gold goes down you act like you arent losing money from it, but when it goes up you talk about being long.

 

[tiznow]

overall i'm not losing money 50% of my holdings in short stuff and leveraged on quite a bit of it via proshares

15% in physical gold (the physical less volitile than the miners)

i'm hoping gold crashes with markets so i can by more up at 400 again

bottom line my shorts make or break my portfolio overall right now but i'm hedged with some longs, cash, and gold

 

[Dawoofdaddy]

I wouldnt bet on 400 gold but we could very well see it get into the 700s again during a correction and bloodbath maybe 600s.

Until the commodity bull market is finished, gold should be bought during any and all corrections.

Much more volatile than the overall market and not for the weak kneed people.

d1g1t

 

[tiznow]

I wouldnt bet on 400 gold but we could very well see it get into the 700s again during a correction and bloodbath maybe 600s.

Until the commodity bull market is finished, gold should be bought during any and all corrections.

Much more volatile than the overall market and not for the weak kneed people.

d1g1t

yeah 400 probably a pipe dream

but no way in hell i'm buying or would tell anyone to buy up here personally

have to see how the bear plays out the first for a few more months before i get a better feel for gold long term

gold has been going one direction outperforming the markets as they skied now the tides are turning so hard for me to say

plus i wanna see how markets overall react to the fed cuts and such

but that's just one opinion

 

[tiznow]

oil getting mauled sub 90

okay i'm gonna go out on a limb oil won't reach 95 or above in the next two years

i got laughed at for my 100 in my lifetime statement (i'll agree that's crazy and a stupid statement, the lifetime part)

but people in response saying oil was gonna be 120 by end of 2008 and crap was pure nonsense IMO

well lets put it this way

if the bear ain't coming (very low probability in my mind) the 120 by end of 2008 could be right

 

[Dawoofdaddy]

personally, like i posted, my gold is well in profit and at this point of the market, im not really interested in calling every few dollar move. ill leave that to guys like you. from what ive seen the past few months, your gold price timing has sucked.

i am a long term gold precious/metals bull. what it does today, tomorrow, next week, next month, really isnt that important to me. its not going to go up everyday. ill be watching and may add to my gold stock positions if there is a healthy correction.

however, if i never buy another precious metals stock, thats fine also, for i already have large enough positons.

what i am focusing on right now is trading individual stocks that are not related to the precious metals sector.

 

[Brooklynbomber]

for gold, I've found my best indicator is fading myself over the years

I've said several times recently gold is due for a 20% correction, which happens at least once a year, so fading that means gold continues to rise

I think the CPM group always has the most accurate forecasts. they are saying $1100 this year

I'd like to buy some more myself.....dollar cost avg the best strategy to use imo.....I'll probably start buying more at $850 which means soon

$600 or $400 just aint gonna happen with the presses at full steam....maybe low $725 ish on a cartel led takedown

 

[tiznow]

personally, like i posted, my gold is well in profit and at this point of the market, im not really interested in calling every few dollar move. ill leave that to guys like you.

i am a long term gold precious/metals bull. what it does today, tomorrow, next week, next month, really isnt that important to me. its not going to go up everyday. ill be watching and may add to my gold stock positions if there is a healthy correction.

however, if i never buy another precious metals stock, thats fine also, for i already have large enough positons.

what i am focusing on right now is trading individual stocks that are not related to the precious metals sector.

i understand that's how i was with gold and miners years back

now that's how i am with shorts

before it was easy to see what was going on

fed prints lotta money, sheep take on lots of credit, dollar goes down, economy looks good on paper, and oil, corn, gold you name it commodity goes through the roof

now that the tides are turning i'm hazy on the gold front as its a bit tricky

as for other commodities i'm bearish overall

 

[Hitman26]

personally, like i posted, my gold is well in profit and at this point of the market, im not really interested in calling every few dollar move. ill leave that to guys like you. from what ive seen the past few months, your gold price timing has sucked.

i am a long term gold precious/metals bull. what it does today, tomorrow, next week, next month, really isnt that important to me. its not going to go up everyday. ill be watching and may add to my gold stock positions if there is a healthy correction.

however, if i never buy another precious metals stock, thats fine also, for i already have large enough positons.

what i am focusing on right now is trading individual stocks that are not related to the precious metals sector.

Woofy:


Which of these stocks, in your humble opinon, do you think has the best chance for upside if gold continues to march higher over the next 5 years?


AUY
ABX
NEM
GG

GLD (tracks the price of gold)

 

[Dawoofdaddy]

hitman, of the four you have listed, I own AUY and GG and have owned them for several years.

GG was one of the first precious metals stocks I bought.

If you want to own actual gold, dont buy GLD, buy physical gold.

 

[tiznow]

if your dieing to get in the gold game at this stage of the game

go to a coin shop and buy physical