You seem to be following me around Aureus.. I'll take that as a compliment. 
Stockmarket Blues
- Thread starter SilverSale
- Start date
Since this has now turned into a photoshop thread, here is one of Baron's better calls 
When you guys leave the thread it will go back to being good again....
When you leave the forum it will go back to being good again... 
I feel some tension in the air!
Always happens at a major turning point...
Always happens at a major turning point...
Wow - really pulling out the photoshops tonight, look out!!
If only you were as good at trading as you are at photoshopping
If only you were as good at trading as you are at photoshopping
Baron, I'd be interested to know if you have an opinion of the stockmarket at present, or are you just sitting on the fence as per usual?
Your first stockmarket talk on this stockmarket thread - now that wasn't so hard was it
Good luck with your stocks buddy.
Good luck with your stocks buddy.
Topherclaus
Active Member
BuggedOut said:
Very nearly jumped on Newcrest about a week ago but decided to sink it in some physical instead. Probably would have been a nice little earner.
Yes - plenty of protected species on here.
Controversy is largely created due to the fact that the majority of people lose money trading the markets.
The few that make the $$$ cop all the flack Tall Poppy Syndrome.
Controversy is largely created due to the fact that the majority of people lose money trading the markets.
The few that make the $$$ cop all the flack
Tall Poppy Syndrome.
Bullion Baron said:
I'll just pretend that's all you wrote & accept it as your written apology
Thanks mate!
Japan nose diving 3% today. Time for U.S. to follow through.
I wonder what Mrs Yellen might yell tonight.
Nice to see non-fabricated chart on this thread again
I wonder what Mrs Yellen might yell tonight.
Nice to see non-fabricated chart on this thread again
It was commented on Sky Business today something about Yellen asking for some models regarding implementation of negative interest rates.
A bit of a strange rumour for them to perpetuate, but clearly they were suggesting a dovish tone ahead of tonites comments.
I reckon she'll stick to having bullish rhetoric on US economy, leaving rate hikes on the table but pushing the next one back a bit (May or June is the consensus). Gold has already hit resistance at $1200 and has failed to break through - now trading in a narrow band of $1188 to $1200 but the stock market might sell off a bit more or even throw a temper tantrum about the rate hikes only being delayed.
But if she comes out with a any surprises then it'll vindicate my decision to stay out of the markets for the next couple days
If she's too dovish I'll be looking to go long gold on any break above $1200 and if she's too hawkish I'll be shorting bank stocks on the next rally.
A bit of a strange rumour for them to perpetuate, but clearly they were suggesting a dovish tone ahead of tonites comments.
I reckon she'll stick to having bullish rhetoric on US economy, leaving rate hikes on the table but pushing the next one back a bit (May or June is the consensus). Gold has already hit resistance at $1200 and has failed to break through - now trading in a narrow band of $1188 to $1200 but the stock market might sell off a bit more or even throw a temper tantrum about the rate hikes only being delayed.
But if she comes out with a any surprises then it'll vindicate my decision to stay out of the markets for the next couple days
If she's too dovish I'll be looking to go long gold on any break above $1200 and if she's too hawkish I'll be shorting bank stocks on the next rally.
No real surprises from Yellen last night. Maybe slightly on the hawkish side of market expectations but not a significant reaction from her comments. Gold is staying in that sub $1200 range and US stocks held up fairly well - though they did fade into the close....
Oil has made a new low, however, and oil could be the catalyst for a broader push lower this week. It still hasn't made a capitulation low which might be on the cards before a bottom can be confirmed. I decided to short BHP which has been bouncing off a resistance trend line and will be vulnerable for a sharp move down should oil make a plunge. Was tempted to short the banks again but they might be a bit oversold at this level and due for a consolidation. Whispers about that Deutsche Bank "is fixed" and/or "will be bailed out" may soften anti-bank sentiment for a little while.....
Oil has made a new low, however, and oil could be the catalyst for a broader push lower this week. It still hasn't made a capitulation low which might be on the cards before a bottom can be confirmed. I decided to short BHP which has been bouncing off a resistance trend line and will be vulnerable for a sharp move down should oil make a plunge. Was tempted to short the banks again but they might be a bit oversold at this level and due for a consolidation. Whispers about that Deutsche Bank "is fixed" and/or "will be bailed out" may soften anti-bank sentiment for a little while.....
I bet quite a few respondents were annoyed that they only had a small window to ask questions and her response time was so slow- just couldn't get the words out in a timely fashion. Bring back The Bernank!