Last Chance Sale - make your plan if you think Gold is still in a bull

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 10, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    I wanted to see a double bottom - i thought it would have come earlier - but it seems to be now

    SO!

    This could take 3 three months (according to David Morgan) to bottom - that doesn't mean each stock will bottom at the same time.
    If you missed the buys in Dec/Jan this year - I believe this half year in the market will be your last chance for getting the stocks at these post GFC (2009) prices.

    This would be the time to accumulate high quality producing and near producing companies (DYODD) put in stink bits (the lower level you would jump for joy if you bought at)

    My example - I have a stink bit in for Newcrest at $25.98 (not so low I may miss it because I believe the LOWEST it might go is 25.50, but I wanna make sure i get some)

    I also have a stink bid for Crusader (CAS) in for 0.7

    I want Evolution at 1.46

    I want SLR under 3.00

    I want Gold Road closer to 20c


    Im not worried if I dont get them - because I already have a core possition in these (except CAS) but if they get that low - I damn well want a piece of it, and im willing to wait till sept.
     
  2. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,543
    Likes Received:
    77
    Trophy Points:
    48
    Location:
    Dreamworld
    Yes, Frank Barbera made a call on the w/e, if you didn't hear it, that the bottom in gold stocks is close.

    Technician Frank Barbera: Raging Bull Market in Gold Stocks Ahead

    http://www.financialsense.com/node/8014

    Darned if I can see it - looking at the HUI and XAU indices of gold stocks over there, or the GDX (etf in gold stocks). Lower highs lower lows, one strong support level gone. One thing he's going off apparently is the percentage decline from the top - around 26%, which I guess is target for him. There'll be many other indicators he's looking at of course. I don't know what his record's like, but he's been good enough for J Puplava to consult and interview for years.
     
  3. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    The stocks are derived from the US gold price - so as long as Gold holds the 60week moving average then the stocks are over sold by about 20% compared to Gold which is oversold about 12%

    The best value is in the stocks at this point - but if you expect your particular stocks to only go up after you have bought them - stick to investing your money in fire-wood

    Or better yet, hot up a crap car, buy into a pyramid scheme or buy an avocado plantation in qld you haven't seen. I'm amazed at how some people invest their money unwisely and go on current affair shows complaining the bank/broker screwed them.

    Sorry im just tired :) and rambling
     
  4. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    Anyone havin' fun yet ;)
     
  5. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    990
    Likes Received:
    408
    Trophy Points:
    63
    Location:
    Idaho
    You've definitely got my trigger happy fingers shaking.... I don't have a core position in any of these so I'm almost ready to dive in at current prices...
     
  6. phillis

    phillis New Member

    Joined:
    Apr 27, 2011
    Messages:
    211
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    im very tempted to put my first $500 into the stock market based on what what you say :p
     
  7. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,543
    Likes Received:
    77
    Trophy Points:
    48
    Location:
    Dreamworld
    The stock market's gambling - it really is. This is not even a slight exaggeration when it comes to small/medium mining stocks, and gold stocks are the most notorious of all. The stock market is infested with liars, crooks, and fast players - it really is, no hyperbole employed here. Punt? - be prepared to lose all to more experienced hands. Make an investment? - buy bullion. There'll be other bull markets on the stock exchange - make a bundle working and saving in bullion first.
     
  8. hiho

    hiho Active Member Silver Stacker

    Joined:
    Apr 4, 2011
    Messages:
    7,955
    Likes Received:
    4
    Trophy Points:
    38
    Location:
    South Brisbane
    buy phys guys dont trust any paper assets, I got outta stocks last year. Cashed up and ready to buy realestate
     
  9. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,151
    Likes Received:
    16
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    I was thinking about stocks tonight.

    But then I saw this post and I realise why I buy physical.

    But how does one diversify out of PMs if I can't get real estate?
     
  10. hiho

    hiho Active Member Silver Stacker

    Joined:
    Apr 4, 2011
    Messages:
    7,955
    Likes Received:
    4
    Trophy Points:
    38
    Location:
    South Brisbane
    I used to be into ETF's [ETPMAG n GOLD] and was saving for 5 years but a year ago RM I started buying physical PM's with half my savable income and saving the other half. I have been liquidating my personal stack recently in case you didnt notice :p and am looking to buy PPOR in the near future. I was fortunate to buy most of my gold under $1400 but havent done well out of silver. Pretty well balanced out for me. In retrospect I should have just thrown it all in Ubank, but thats too boring. Bottom line for me was liquidity and unfortunately ETF's are not liquid as even with stop loss in place they can go way under that before they sell.
     
  11. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,151
    Likes Received:
    16
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    That's what I should be doing!


    ... but I don't, because I like spending.
     
  12. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,362
    Likes Received:
    636
    Trophy Points:
    113
    Location:
    Northern NSW
    That statement is absolute rubbish - it really is.
     
  13. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    .... You're all too emotional....

    I agree - none of you should be in stocks! :p

    The Stock Market is not a Casino - classic purpose mistake
    I bet none of you have considered what the market is for - other than you personally making money - so of course you think its a casino!

    Just because people effectively gample on stocks and equities because they have no patience for analasys - doesnt mean everyone gambles who buys stocks and equities.

    The market tell you a lot more than just the price of stocks - it tells you so much more about world economics.

    Most of silver stackers is filled with people who get happy when its going up and sad when its going down ('it' being whatever they have purchased)

    I really recommend everyone read James Dines' book Mass Psychology.
    And then do a course in austrian economics (or just buy a book and study the topic. What it is, how it works)

    Then read "How to invest in Gold and Silver" published by rich dad poor dad guys

    And read "Get the Skinny on Silver" by David Morgan

    THEN listen to King World News anytime you feel like selling :)

    You all need to understand what you are doing.
    I personally am not interested in making money so much.
    I do not want to be under the thumb and at the mercy of the governments that are emerging in the world. I am first and foremost interested in preserving my and my families freedom.

    Who cares if you have 1billion dollars if you are not free to say what you want, take a holiday where you want, and have the freedom to work a job you want. Whats the point of having real estate, when you cant build the house of your dreams because of environmental red tape.

    I dont want to be a part of this socialist/crony capitalist system anymore. And Gold, Silver, Platinum and their stocks, along with energy and energy technology stocks are going to be my vehicle to earn that freedom.

    Im done with fiat money, im done with the whole thing. Im making a run for the barbed wire at the walls while their arent many armed guards on the walls yet. I am not going to be under this global iron certain, im making my dash now, im not waiting till they start killing the jews again.

    And im quite serious - silver and gold buy me a little whisk of freedom and it just might be all i need. So i dont care if i can make more in UBank.
    Im not maiting around for them to have a bank holiday. I have my physical and that formes the insurance - the stocks are the growth, and cash is my artillery.
     
  14. Nukz

    Nukz New Member

    Joined:
    Oct 2, 2010
    Messages:
    553
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    I Personally still think there's quite a way to go on the downside for both silver and gold yet unless QE3 is announced. At the moment i would say your money is safer in defensive stocks like TLS. When i look at stocks like BHP which look to be in quite a long downward trend now i don't see much hope for small cap miners other than pump'n'dumps or huge speculative plays.

    Of course you can be fully in physical and be worried about paper markets but i don't think thats the right way to go about it you really need to diversify.
     
  15. hem9

    hem9 Active Member Silver Stacker

    Joined:
    Oct 15, 2010
    Messages:
    2,759
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Brisbane
    If you dont take the time out to learn about yourself and the market in general then it is as good as gambling. And sometimes even when you do know a lot about the market and yourself, your odds are as good as in a casino.
     
  16. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,543
    Likes Received:
    77
    Trophy Points:
    48
    Location:
    Dreamworld
    How dare you
     
  17. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne

    I think you are right, we are going to see lower prices - but the nature of the lowness

    You might get a low from current price of $1 to the low at 60c - but the oppertunity to actually buy at 60c without a pre-order bid might not exist. You might get big buy/sell spreads in many stocks - where nobody is selling and nobody is willing to buy at the higher end of the spread.

    This is what I saw in January - when I knew it was turning around.
    I was hoping the double bottom would happen sooner - setting up an April rally leading into may were I can take profits for the US summer - but because that doesnt look likely, im in the bunker hunkering down.

    I think David Morgan will turn out to be right again - June bottom, Sept rally --- volitility expected with big ranges - thats why stink bids are best - your stock might only hit that price for 3mins - you have to be there to meet it.
     
  18. Reggie Perrin

    Reggie Perrin New Member

    Joined:
    Mar 26, 2012
    Messages:
    278
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    UK
    A Gold/Silver Bull run? .... I hope not

    I'm into PM because fiat currency is in on a bear run (wealth preservation)
    Stocks and shares for growth
    Corp bonds for income
    A small amount into shares for companies that might turn into the next Apple (gambling)
    cash for bills, holidays, etc

    And doing my best not to get scared out of a position because of daily background noise, e.g. US non-farm payroll figures are down 0.1%
     
  19. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    Im with you here
     
  20. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,362
    Likes Received:
    636
    Trophy Points:
    113
    Location:
    Northern NSW
    What does that mean????
    It's only a gamble when you treat it like one and take a punt.
    The association with gambling is usually voiced by those who have jumped in blind and been burned.
    Used wisely, the stock market is a great source of wealth creation.
     

Share This Page