So whats the concensus on stocks?

[TiKi]

What's everyone currently doing? Buying/selling, holding positions, holding cash?

[Irons]

.....................
9685

[REO 54]

The KISS principle. I understand PM's far better than stocks to begin with.
Until stock markets become honest and normal [not in my life time] I'm sticking
with PM's.

[sebring]

I wish I could have done what Irons picture describes, instead of investing in stocks years ago.. At least I could have went to the septic tank to get some back...

[REO 54]

I wish I could have done what Irons picture describes, instead of investing in stocks years ago.. At least I could have went to the septic tank to get some back...

No problem!!As septic service provider I can get back what is lost down the toilet.
However,it will retain that slightly used smell.

[King Of Budz]

Mining stocks have held up surprisingly well, but the $TSX looks shakey. I'm thinking we could get another leg down in the general markets. It's a traders market until a bottom is in. Gold is also showing a little weakness and looking a little top heavy.

[budfox]

They're gonna run the s&p this week, gold down to $1680, if she breaks $1680 watch out... No worries though, $2000 baked in...

[jbilprophet123]

Gold may as well have completed 1820 to 1730 swift correction.
Stocks are holding very well and there seems to be an early signs of shift from short da PM stock as hedge against
buy PM strategy.
Market panic crash probably aint happening either.
So steady decline or going nowhere markets with gold soaring will most likely give gold stocks nice gain.

And if stock markets in general go up it is possible that huge gains will come.
I am cashing out 50% of active trading account to buy physical at some point and investing 50% in PM stocks
from no trading buy and hold viewpoint..

After all gold and silver stocks are undervalued in a big way!!

[King Of Budz]

After all gold and silver stocks are undervalued in a big way!!

They sure are! They are wound tight as a spring. I'm waiting to see what silver & gold do here though. There is top heaviness/weakness in gold/silver and strength in the PM stocks. Usually this is not good for the PM stocks, so I'm holding off until around Mid-Sept to back the truck up. (give or take a few weeks)

[TiKi]

Gold may as well have completed 1820 to 1730 swift correction.


The CME could somewhat dictate the price of gold. They did it with silver after 5 tries. So far we have only had one margin hike on gold. I think they might raise margins again and soon, unless they are willing to let gold run here.
I bought some DZZ yesterday and will add more today.

My long term plays will be Oil/Gold and a high Dividend REIT.

Anyone know any other Leveraged Gold Miner ETFs? I will be buying NUGT unless there is a better one.

[Canadian-guerilla]

people have to much faith in paper/digital promises

http://silver.hitfastforward.com/wp-content/uploads/2008/11/engelhard-poured-10oz-600hand-300x253.jpg

[TiKi]

people have to much faith in paper/digital promises



Liquidity is the name of the game.

[prophet]

Someone mad this observation. Anyone OLDe enough to validate it? ;)






LOOKS LIKE 1980 ALL OVER AGAIN
The Gold stocks at that time refused to go up in tandem with the Gold price,

After hitting $875, the Gold price came all the way down to $550.It then made a slow rise to $750.
From $550 on, the Gold Stocks caught on fire and went sharply up for days.

Will it happen again that way? Of course I don't know, but it is something to keep in the back of your mind.

Tik

BTW the Pig AUY is doing REAL well! :D

[new money]

September 30, 2011 is the next political fight ( budget continuation). No direction from the President and Congress, continued debt issues in Europe and 3 Wars. I think the Persians may flex their mussle, bin a while. Not to mention jobs and housing as a party starter:(

Stocks are short term based on feelings and long term based on fundamentals. Do not fight the Fed, when they print stocks will rise; when they stop there is no hope. We are left to our pointless ( no direction) fear of the unknown future.

I just can not wait till the Chineese and Japanese dump dollars for goods to lock in value.

However, I put 12% of my income into stocks. I always have and I just can not wait for the black swan to prove my point. I should have put everything into PM. Although, the world my get their **** together tomorrow and solve the 10 years of free money in a day and PM will be worth ****. Just proving I should have put everything into stocks.

I am so confused and I really do not have a clue. I keep doing my plan and I will die working myself to death so my family can eat ( or go on some really great vacations).

[prophet]

i am thinking to meself

If some of the miners are so UNDERvalued, why doesnt the Chinese government
buyout some of these miners? They are so loaded with reserves.
Instead of buying gold/silver off the shelf, why not buy them miners and produce them yourselves? :confused:

[andial]

I'm watching the australian stock market. If it starts weakening again I'm bailing out of Gold stocks. JMDAO

[fat panther]

i am thinking to meself

If some of the miners are so UNDERvalued, why doesnt the Chinese government
buyout some of these miners? They are so loaded with reserves.
Instead of buying gold/silver off the shelf, why not buy them miners and produce them yourselves? :confused:

This thinking scares the s**t out of me. Are they just too practical for all this silly pm stuff? :banghead:

[MoMoney]

I feel stocks no longer represent the investment into a particular company, like they used to.
Now it's all about high frequency traders, who has the quickest cable connection to get the deal in faster, and what nation is doing business closely with what corporation.
Globalism, technology, corporations ruling governments have all been game changers.
And I for one, always like to know what game I'm playing.
No shill-game for me, sir! :redface:

[TiKi]

BTW the Pig AUY is doing REAL well! :D

Yeh sucks that AUY is going up so much, cause I ain't holding any.



However, I put 12% of my income into stocks. I always have and I just can not wait for the black swan to prove my point. I should have put everything into PM. Although, the world my get their **** together tomorrow and solve the 10 years of free money in a day and PM will be worth ****. Just proving I should have put everything into stocks.

I think your plan will work out in the end. Just don't let the roadbumps get you down.



I feel stocks no longer represent the investment into a particular company:

I'm liking stocks cause J6P is hating them. The day J6P dumps bonds for stocks is the day I move into bonds.

[jbilprophet123]

Gold correction i was expecting atleast 1680. (1620-1680) but i see 70% or more chance (imho) that
correction is over.
Euro scare was introduced too early to ensure USD does not fall free. But all that happened was
gold reversed and is above 1780 which seems very unlikely level if deeper correction was to happen.
USD did not go up cause of euro scare and is sitting just below .74.

Silver which never remains flat is essentially flat at 39+-1 for over a month when world around has gone crazy after correcting over 30% from top.

All in all gold to move swiftly higher and silver to explode 10% in a day time is very much a real possibility.

I have gone all in into silver miners with so much undervaluation and plan to stay that way til say HL:$Silver ratio from current .18 goes in 1 week to .25 and finally cease to be super bullish when it reaches .40 a ratio seen in 2010 and 2011 (which is much below .60s seen before 2008).

There is no shock in 2011 2008 was shock which killed pm. Steady controlled scenario is great for PMs and will put a bottom under stock (may not rally but no bottom out scenario)

Indian markets are trading at 12 times S&P 500 multiple.
All past crashes of worst fear variety in last 20 yrs or so bottomed when markets reached 11 to 13 multiple including 2008 crash. So valuations of future growth countries also showing bottom of stock market.

All in all perfect time for entry from MT LT viewpoint imho when every J6P is scared and saying no stocks please.

And yes chinese have bght all natural resources around the world that they can without going to mainstream stock markets I have heard. They have grown gold and mining and are kind of becoming #2 in gold production (or is it soon to be #1). They have increased many many folds in gold consumption and India gold reserves are expected to be around 16000s of ton while fort knox is 8000s ton!!

Great times ahead for PM lovers and going forward India China story.
A quick 50% to 100% in six months to 1 year in gold and silver stocks in US is on the cards.

[jbilprophet123]

Frogot to mention one more fact Gold did increase in price over platinum in 2008 height of fear crash.
Same thing happened last week exactly for one day. Is that sign of the final stock market bottom?
Quite possibly yes I would say..

[TiKi]

I can guarantee you that J6P wants nothing to do with stocks. I always ask family and friends what they are doing/thinking about finances and such. They are in bonds or very low yielding instruments, they want nothing to do with stocks. When J6P starts moving in to the markets I'll start to get scared. Everyone is calling for a bear market, but I can't see it, not with QE3 around the corner and least we not forget get about the pension funds. They'll make sure the markets stay afloat and rising.

Sure we'll have hard corrections on the way. But the end result will be to the upside. JMHO

[King Of Budz]

I can guarantee you that J6P wants nothing to do with stocks. I always ask family and friends what they are doing/thinking about finances and such. They are in bonds or very low yielding instruments, they want nothing to do with stocks. When J6P starts moving in to the markets I'll start to get scared. Everyone is calling for a bear market, but I can't see it, not with QE3 around the corner and least we not forget get about the pension funds. They'll make sure the markets stay afloat and rising.

Sure we'll have hard corrections on the way. But the end result will be to the upside. JMHO

I tend to agree with you there. There will be no long term bear market. QE3 will come eventually. Maybe they are letting the markets tank for a while to make QE3 easier to jam through?

As the money printing gets ramped up even more I think the stock market may start to monetize itself as people buy securities just for the simple fact that it is better than holding dollars. I see a much higher DOW in the years to come. 20k+ easily. We will inflate until the dollar is worthless.

[TiKi]

Forgot to mention I think gold is about to take a nose dive here. My target was $1600-$1655. Fear=Gold up so let's see what happens these next 2 weeks before jackson hole.

[King Of Budz]

$BAC and $C watch those 2. Perhaps its in the cards to let these 2 go under? Maybe QE3 is qualitative easing not quantitative. Just a thought...

[TiKi]

Crazy times

Gold= Negative divergence on rsi daily but like I said fear=up
Dow/indexes= Bounced hard off the 38% Fibo retrace current support is recent bottom
Silver= Just chillin
$USD= Needs to make up it's ****en mind already
10yr bond= Sold off/Shorted hard once it got under 2%. Anything under 2% will probably continue to be sold off
J6P=Selling their gold . In two yrs I'll point and laugh






$BAC and $C watch those 2. Perhaps its in the cards to let these 2 go under? Maybe QE3 is qualitative easing not quantitative. Just a thought...


I heard bob chapman mention something similar last year. He said something about all the toxic assets being dumped on BofA and then they would let them go under.

[chris_is_here]

This is no exaggeration - I've been watching the markets for years and the economic indicators are worse than ever....the stock market might or might not hold up tomorrow after today's beating, but I still see a crash looming ahead. Gold and silver never looked better than now, even at these prices.....

.....the DOW's run to 12,700 was fuled by little more than blind euphoria and stimulous money. No coincidence that the markets began falling at the end of June, when QE2 expired.

.....The EU is finished, kaput. That alone is bullish for PM's and bad news for equity markets everywhere.

.....The economy is on life support, no one can deny it any longer. QE3 and beyond is the only way a rally could be sustained now....even more bullish for metals.

......Budget debates will heat up again this fall as CONgress tries to figure out how to meet the requirements of the debt reduction bill. Want to guess how this will end? The uncertainty again will drive PM's higher.

.......Gold has rallied as of late while silver has lagged. This is the reverse of the prior rally where silver led and gold followed. The GS ratio is at 45 now, which tells me that silver is due for a catch-up. With $2,000 gold a shoe-in, silver should see $50 in the next few weeks.

My money is parked in SLV. I am confident that a rally is coming shortly.

[TiKi]

Crash looming? Depends what your definition of a crash is. I think we just had a minor crash. I can't see another 2008 ,because 2008 is still in the minds of everyone.

If we blow passed the recent bottom on large volume then I'd get worried.

[rippev]

I'm watching the australian stock market. If it starts weakening again I'm bailing out of Gold stocks. JMDAO

How do you trade on the ASX?