[johnnymu]

I don't follow gld or slv stocks. I only compare it to actual gold and silver commodities. Yes gold reach 1866.10 for high today. I don't follow gld

[ES_TRADER]

Originally Posted by NYCGP

I have owned shares of HP for the last year. I can't help but laugh as I watch the stock tumble. They halt it. Release their earnings early and it drops another 3%. It's only money.

Originally Posted by BayMoWe335

Feel better my friend, I own it too...Although I only own it since about $38/share (last few months). Still has taken a beating.

talk about beating a dead horse...another flogging today HPQ...reminds me of CSCO

[wisesoul]

Originally Posted by AngelinIsRich08

I don't own gold but I have SLV (silver) ETF's. If gold hits $1900 that's a 6% increase from today's prices. SLV would move up 15% in that same time period. It's more volatile than gold but the returns are much better.

I don't think you own anything.
http://www.m3post.com/forums/showpos...6&postcount=62

[NYCGP]

Originally Posted by wisesoul

I don't think you own anything.
http://www.m3post.com/forums/showpos...6&postcount=62

[M3Bahn]

Originally Posted by wisesoul

I don't think you own anything.
http://www.m3post.com/forums/showpos...6&postcount=62

[stylinexpat]

Stick to Silver. Silver is great to buy on all dips. Should be safe for this year.
Demand for Silver in China and India is up and climbing. SLV calls and shares are good.

http://cnbusinessnews.com/demand-for...erent-in-2012/

http://www.kitco.com/market/

[Vanity]

Angelin has been the dumbest troll poster in all of OT, ever.

[NYCGP]

Originally Posted by Vanity

Angelin has been the dumbest troll poster in all of OT, ever.

Makes me miss Javi..

[Vanity]

Originally Posted by mact3333

Hope longs acted on my warning the other night that the mkts looked like it was prime for selloff which we have now seen...downside target was 1100ish SPX...ES hit 1117 which is close enough to start accumulating longs slowly...cycle work says we bottom for int term either today or by ed of next week...no eed to act all at once but should accumulate slowly...also, the only true bull mkt right now is gold and silver...never ever lose your core position in the metals whether its pper metal or real metal.

Dont fall for the rah rah GOOG is cheap at 430, 550, 300 crap...stocks trade according to the mkts...you need to know the trend the actual mkts will trade...mkts dont trade on news over int and long term(but will respond on very short term basis)...mkts will do what they were meant to do and news other than QE2,3 etc will have minimal bearing.

Best strategy ihmo is to keep your base metal positions, the slowly accumulate long positions over the next week...but dont forget the rally we will see is a bear mkt rally and I dont think we will go much higher than 1230-1250ish level.

Lastly, I have called many short term and intermediate term bottoms and tops on here but I have very minimal participation on here...I truly am just talking to myself it would appear...unless I get some passive or active participation in this thread, I will stop posting and this thread will be allowed to die.

I don't really know what to say to all your posts because they sound credible and have fulfilled themselves. I read all of them to get another person's opinion on the market atm so I'd love to see more posts

Mact3333 > AngelinIsDoucheBag

[BayMoWe335]

Originally Posted by richpuer

talk about beating a dead horse...another flogging today HPQ...reminds me of CSCO

It's tough, but I won't sell now. I don't have a heck of a lot of shares, but I'll be holding for a while. Too much carnage right now to bow out. I won't add to my position, however.

[johnnymu]

Originally Posted by BayMoWe335

It's tough, but I won't sell now. I don't have a heck of a lot of shares, but I'll be holding for a while. Too much carnage right now to bow out. I won't add to my position, however.

I was told when investing in stock market always have a game plan, never invest on emotion. Have an entry point and a exit point. If a stock of mine falls 10% I'm getting out no matter what. If I really believe it'll rise again, ill just re-enter at lower price or my exit price. It does you no good watching it go down, only sleepness nights.

[ES_TRADER]

Originally Posted by johnnymu

I was told when investing in stock market always have a game plan, never invest on emotion. Have an entry point and a exit point. If a stock of mine falls 10% I'm getting out no matter what. If I really believe it'll rise again, ill just re-enter at lower price or my exit price. It does you no good watching it go down, only sleepness nights.

while this comment is entirely true and i wholeheartedly agree with you, its much easier said than done...

[AngelinIsRich08]

Sold all my SLV ETF's today for an ok profit. I'll buy again on the dips.

[M3Bahn]

Originally Posted by AngelinIsRich08

Sold all my SLV ETF's today for an ok profit. I'll buy again on the dips.

But your e-pens took a big hit.

[Chowbow]

Originally Posted by richpuer

while this comment is entirely true and i wholeheartedly agree with you, its much easier said than done...

I usually end up putting a 10% trailing loss order right after I buy, so I don't have a choice really - it just auto sells once it hits 10%. Some things I'll run a tighter, or looser stop, but I always have a stop regardless.

[rallysport]

Originally Posted by Vanity

I don't really know what to say to all your posts because they sound credible and have fulfilled themselves. I read all of them to get another person's opinion on the market atm so I'd love to see more posts

Mact3333 > AngelinIsDoucheBag

yeah I agree

[johnnymu]

Originally Posted by Chowbow

I usually end up putting a 10% trailing loss order right after I buy, so I don't have a choice really - it just auto sells once it hits 10%. Some things I'll run a tighter, or looser stop, but I always have a stop regardless.

Yup that's the best strategy. Same with profit, if it raise 20% sell. Bulls make money, bears make money but pigs get slaughtered

[stylinexpat]

We should see Gold at $2000 soon. The next big bull run will be Silver. Just wait and see. Many Chinese that have been burned in China buying stocks either are or will be turning to Silver soon. To the Chinese Silver is a safe haven that is more affordable than Gold.

http://www.bloomberg.com/news/2011-0...e-mergers.html

[mact3333]

Gold and Silver are telling a story about Jackson Hole next week...geez, wonder what will happen there???....

Debt deal on a "sunday"...check.

Jackson Hole creating new hole in US dollar...check(soon)

[M3Bahn]

Originally Posted by stylinexpat

We should see Gold at $2000 soon. The next big bull run will be Silver. Just wait and see. Many Chinese that have been burned in China buying stocks either are or will be turning to Silver soon. To the Chinese Silver is a safe haven that is more affordable than Gold.

http://www.bloomberg.com/news/2011-0...e-mergers.html

Peter Schiff has been saying for years that Gold could hit $10K.

Problem is last time this happened, gold was confiscated.

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

http://en.wikipedia.org/wiki/Executive_Order_6102

[Chowbow]

Originally Posted by stylinexpat

We should see Gold at $2000 soon. The next big bull run will be Silver. Just wait and see. Many Chinese that have been burned in China buying stocks either are or will be turning to Silver soon. To the Chinese Silver is a safe haven that is more affordable than Gold.

http://www.bloomberg.com/news/2011-0...e-mergers.html

I'm looking into either adding to my GLD or going long SLV if I see a dip. I lost 12% on my GOOG today. Ah well, guess I've made it up in other places over this year. Any guesses on a "target" for SLV? It doesn't seem to have as strong of a run up as GLD has, and I'm tempted to just add to my GLD long position.

[johnnymu]

Silver follows economy more than Gold. Economy can pull down silver with it. 2008 when recession silver followed suit. Gold flourished during that time. If history repeats itself, silver will go sideways while Gold will rise and continue to reach new high for the rest of this year. I think silver will reach over 50 next year.