Posted by Ororeef
@ 23:17 on April 29, 2016
I dont give advice ! I voice my opinion only …My prior post about my portfolio indicated I took a small small short position and a larger CASH position that amounted to about 5 % of totol portfolio ..the reason being we were ending 1st qtr and I locked in gains of 100 % …second qtr has usually been the weakest qtr where gains were given back ,so I locked them in.I am still in that position and will be until the middle of MAY as I indicated …Where I said the biggest gains of your lifetime will begin ….I still think so ! I What is suitable for me may not be for others ..just my opinion that I thought I would share ,if anybody cared. If I gave advice you would have to pay for it ! Then its fair to criticize and ask for your money back. I dont manage other peoples money and dont intend to. Do not take anything I say as Advice ..I write No market letters charge nothing to anybody !. This is a public forum if opinions are not to be posted ..just say so !
I am not in competition with anybody for an ego trip about being right on every jiggle the market makes .I invest with a longer view and have been doing so for the last 59 years …I have had no income since 1993 and live on my portfolio gains and SS. thats it….
Take responsibility for your own actions ! Like a bumper sticker sez “Dont follow me I’m lost”.
BTW Mr Copper 10:34 post voiced a similar opinion when someone called him “arrogant ” for posting what he thought were tops & bottoms in charts ..
I saw that and found it offensive also ..to be called names like “arrogant ” for sharing thoughts …Get a grip and take responsibility for your own actions ..
Unless your PAYING for something dont criticize freely given opinions given with good intentions.
Stop the name calling ! for things given you didnt pay for !
Posted by wxman
@ 22:27 on April 29, 2016
Posted by treefrog
@ 22:24 on April 29, 2016
Posted by Mr.Copper
@ 22:19 on April 29, 2016
This chart shows the Dec 3rd first “NUDGE” down, or intervention by global central bankers to change the minds or mentality of bullish futures traders, playing the two year long strong dollar.
The “free market” ignored the 1st “hit” down and attempted to maintain the prior up-trend. You can see the 2nd “hit” early Feb. Again the “players” ignored that “hit” until finally in March they got the message.
That’s when the dollar bulls on COMEX finally gave up, and probably went short on the dollar.
http://schrts.co/Db2Xax
Gold had an inverse up-side break-out the same day, Dec 3rd.
http://schrts.co/XVD7gB
Posted by ipso facto
@ 22:12 on April 29, 2016
Okie doke probably my puter. Thanks!
Posted by goldielocks
@ 21:51 on April 29, 2016
No other than auto correct putting in words before I finish or typo or something but that’s everywhere. It’s just harder to notice here Cuz on a phone the words are so tiny I might not notice till its posted. I think what it was the server slowed down. It let me post on the heading but not the page because it wasn’t down loaded yet.
Posted by ipso facto
@ 19:51 on April 29, 2016
Posted by ipso facto
@ 19:48 on April 29, 2016
Guy Adami has been recommending gold and gold stocks for a couple of months now. Maybe he’s not the GS shill I thought he was …
Posted by ipso facto
@ 19:45 on April 29, 2016
Were your words just sort of disappearing and then maybe they show up again? I’ve been having some trouble with that today. Having to go into drafts to make it work, and posting pics is a no go.
Anyone else having some trouble posting on the main writing page?
Posted by goldielocks
@ 19:02 on April 29, 2016
Posted by Buygold
@ 18:53 on April 29, 2016
Ipso – lots of assumptions but as you said the start of this year has been the best we’ve ever seen, and according to this ZH article the XAU just broke major downside resistance. Who knows?
You have a great weekend too!
http://www.zerohedge.com/news/2016-04-29/rally-gold-stocks-reaches-first-big-challenge
Auandag – 300% is about exactly what I need to get healthy as well. Unfortunately there are a lot of shares I’ve held that have gone to zero. Looking better for now.
Posted by Buygold
@ 18:44 on April 29, 2016
I don’t know. I wasn’t implying that a waterfall is imminent. What I meant to say was that if they don’t get the desired waterfall and are only able to pull us back a little, then the pullback will be short and sweet. The USD is in free fall right now. I think we can expect a bounce but a new uptrend seems doubtful.
No question we are ripe for a pullback but it may not be what we think. Maybe there is something going on under the surface that we aren’t seeing yet?
I agree with you about the “Fast Money” crew loving gold is NOT good, but it also seems the best the scum is doing at the moment is keeping things at bay.
One thing for sure, assuming that the COT Report is honest, we’ve never seen the scum get their asses kicked as bad as they are right now.
Have a good weekend.
Posted by Auandag
@ 18:04 on April 29, 2016
A double for the year- however a long way to go to catch up to the losses of the last 5 years-need another 300%
Posted by ipso facto
@ 17:52 on April 29, 2016
I agree amigo, there wasn’t as much selling as you would have thought … of course we are taking their numbers for fact …
Since the year started things have certainly turned around. It sure looks like our suffering is about to be rewarded in spades.
Kind of fun to see how fast the miners can run on the upside … lots of psychic healing power therein! 🙂
Have a great weekend BG and everyone!
Posted by eeos
@ 17:30 on April 29, 2016
You know down inside they are hating it. Goonies. I agree, waterfall likely now. Suck in a bunch of TV idiots and fleece
Posted by Buygold
@ 17:22 on April 29, 2016
That COT Report for gold seemed really odd to me, you’d sure think there would have been a lot more activity. We know the banksters will never cover and the CFTC will probably hide it if they did, but it was a weird report.
Happy Days do appear to be here again my long suffering friend. Been a lot of years since we’ve been able to say that. I lost it for awhile there…
Posted by Buygold
@ 17:13 on April 29, 2016
Silverngold – thanks for the Ken O’Keefe, I love that guy, he is so spot on.
Maddog – stunning that the scum loaded the silver shorts yet again. The CNBS “Fast Money” guys are gushing about gold’s performance. You’re right, some folks are going to try to figure out how to get on the train. Unless the scum can get a waterfall going in the metals, these pullbacks are going to be short and sweet.
I’m waiting for the Comex closure.
Posted by ipso facto
@ 16:55 on April 29, 2016
Commercials selling more silver, standing pat in gold.
http://www.cftc.gov/dea/futures/deacmxlf.htm
Posted by Maya
@ 16:32 on April 29, 2016
A real Hawaiian treat! They grow like weeds in some forest areas here. The home I bought has a large backyard full of mature fruit trees, separated by interesting ropey lava domes. I have an Achiote (annatto) tree, mountain apple, Lychee, Mango, several Papayas, a couple guavas (one might be the rare white guava), and one citrus that we think might be Lemon… will tell when it fruits, and heaven only knows what else buried under the weeds in the back quarter that has not been completely cleared as yet. The area gets 150 inches of rain a year, and battling the jungle is a constant effort. The property was left wild for several years, and in the past few weeks I have learned the true meaning of “biomass”… emphasis on the MASS… as I and friends meticulously hand clear the place. About 12 pickup truck loads to the green-waste dump, so far. We’re maybe half done.
Posted by Maddog
@ 16:27 on April 29, 2016
and wondering how to get in.
Have a great weekend all, my thoughts and prayers are with Scruffy and Wanka.
Posted by Equisetum
@ 15:55 on April 29, 2016
encouraging chart of the U.S. dollar index, posted at 13:47. For me and for our family PM-related portfolio, July 2014 was the relevant and momentous inflection point, rather than 3 December 2015. Your posted chart shows the abrupt change in summer 2014. I remember it well. Your lifted my spirits today by posting that chart and its accompanying comment at 13:47 Now I hope you can find yourself a pleasant weekend in the southern pine region in your corner of the continent. Cheers. Equiz.
Posted by treefrog
@ 15:21 on April 29, 2016
silver wheaton marching north!
i wonder if they’ll get jenner to do more ads?
Posted by silverngold
@ 14:34 on April 29, 2016
Posted by commish
@ 14:13 on April 29, 2016
Posted by Farmboy
@ 13:47 on April 29, 2016
“Bottom line: Central bank monetary policy divergences are not as favorable for the dollar as they once were. If the dollar index cracks its 13-month range bottom that could provide fuel for a strong new up leg in the gold market.”
http://www.kitco.com/news/2016-04-29/Global-Central-Bank-Standoff-Has-Bullish-Gold-Implications.html