Stockmarket Blues

BuggedOut said:
...and yet the ASX is rallying today.

Very difficult to pick these short term market moves. Surely a decent relief rally is due, even if the long term trend is down.
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No more
 
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Ohh my goodness...

China dropping hard into the close!!

Yes, yes I'm excited... It's on for young & old.
 
I feel sick.

I've never been so depressed about potentially being right about something as big as this.

I know a lot of people who are going to get hurt by a crash. Including some of my immediate family - who refused to heed any of my warnings and prefer to trust the "professional financial advisors".
 
Still think deep pockets have started offloading treasuries, covering shorts and accumulating longs :)
 
I really hope your right, since I covered my own short this week. But the absence of any kind of rally with strength is really a concern. There should have been a decent bounce by now and this afternoon in China and Japan is a fresh wave of selling. If the Dow smashes through the supports tonite with little resistance then all the algos and the technical traders will be ALL OVER IT as it'll be an extremely bearish signal and we'll be in serious crash territory.
 
Good! :P

Getting tired of listening to some people here regularly bagging PMs as investment and boasting about stock market shares.

I like it when the tide turns! :)
 
I think you'll find the last time stockmarkets tanked, PMs went down as well. If no one has money to invest, it's not going to simply go to PMs. It was only during the recovery that PMs increased and so did the stockmarkets. There's still room for balance in all investment portfolios and to throw all of your eggs in one basket would be a massive punt to take, either way.
 
Skyrocket said:
Good! :P

Getting tired of listening to some people here regularly bagging PMs as investment and boasting about stock market shares.

I like it when the tide turns! :)
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I bag out both Shares & PM's :P
 
screaming eagle said:
I think you'll find the last time stockmarkets tanked, PMs went down as well. If no one has money to invest, it's not going to simply go to PMs. It was only during the recovery that PMs increased and so did the stockmarkets. There's still room for balance in all investment portfolios and to throw all of your eggs in one basket would be a massive punt to take, either way.
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Yep, because everyone sh*t and sold everything in their portfolios which included paper PMs.

I do not think it will take 2 years again for PMs to reach their all time highs. I think PMs will surpass their last highs.
 
Skyrocket said:
I do not think it will take 2 years again for PMs to reach their all time highs. I think PMs will surpass their last highs.
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It's trivial for gold to surpass it's previous high in AUD, it only has to go up by about 12%
 
SilverDJ said:
Skyrocket said:
I do not think it will take 2 years again for PMs to reach their all time highs. I think PMs will surpass their last highs.
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It's trivial for gold to surpass it's previous high in AUD, it only has to go up by about 12%
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Thought 12% sounded a little off so i did the calculations only to find out you are bang on (i got 12.293%)

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The 10yr Gold Chart in AUD actually makes great viewing.. (albeit the crabman SilverSale has made some very astute predictions about the gold silver price going sideways the last few years.. still up 115% though which is decent if you dont compare it to inner west Sydney real estate)
 
Hot money from overseas which will drive gold stocks to new highs will only come about once the aussie dollar turns....
it is pointless buying a stock in a market where the currency is tanking. It does not matter how well the gold price in aussie dollars has held up. It will only help local producers. The big moves in the share prices of gold stocks will have to wait a bit longer.
 
My prediction of 250 - was only 0.72 points off.......disregarding the erroneous 500 + prediction for the night before....puts me into 'genius' category.
 
SilverDJ said:
Skyrocket said:
I do not think it will take 2 years again for PMs to reach their all time highs. I think PMs will surpass their last highs.
Click to expand...

It's trivial for gold to surpass it's previous high in AUD, it only has to go up by about 12%
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I know. I meant to refer to silvers high.
 
lol yesterday, selling into weaknes is for suckers he can afford to sell bottoms, smart money were fading this at 2100 and 2060
 
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