Just my opinion.
I believe the price of Gold has to decisively break down below $1180 in order for there to be a completion of a bottom. Most bottoms are made when all hope is lost, and I don't see that yet.
As far as the Gold Stocks are concerned, one can buy now, or at least start scaling in.
Stocks are discounting mechanisms, and rise long before fundamentals assert themselves.
Yesterday was a good start. Heavy volume is found at bottoms, and so far IAM yesterday fulfilled that requirement.
It may take a few more heavy downside volume days to complete the bottom.
He was just on CNBC, and when he was asked what he had for investments, he said he didn't buy stocks but dabbled in Real Estate. The f'n liar has (had) a larger portfolio of Gold Stocks, than 90% of people.
One of the stocks he owns is IAMGold.
He just couldn't admit he was getting crushed in his Gold Stocks.FROM NOW ON I WILL NOT BELIEVE A THING HE SAYS. "ONCE A LIAR, ALWAYS A LIAR".
Go to Yahoo main Page. Type in:Ron Paul and Gold Stocks.
When the news on a stock is ultra-bad, people are always surprised when a stock starts rising as the news gets worse. As the stock begins to climb, people don't believe the move, as the underlying news is so bad.
It is human nature for a person to make sure that all is well before they buy again. By the time it gets to this point, most of the big upward move has already happened. They then are convinced that the stock will come back down, giving them a chance to buy again. THIS SELDOM HAPPENS.
As the stock keeps slowly climbing in the face of the bad news, they are now convinced that they missed the bottom, and give up on buying the stock.
ie. This whole stock market has been going up for over 4 years, and those who missed the entire move, are now waiting for a crash. The whole move has happened while the news was bad. Now that the news is getting better, people are again entering the stock market. LOOK OUT BELOW.
Only proves that all of Wall Street is a gambling Casino, and has nothing to do with fundamentals.
You mean we have had the worst X-MAS retail sales since the sixties, and people are optimistic?
We are entering a depression for the middle class (oops poor class), and you believe the phony #$%$ that Washington puts out?
Poverty is at an all time high. When 40,000,000 people are on food stamps, life is getting better for everyone.
Yeah! Right! PUTZ!!!!!!!!
How many good Americans are left? Those #$%$ who brought Detroit to bankruptcy?
Every city where Blacks multiply like rabbits and use the welfare system for their benefit, while
decimating property values?
#$%$ bankers in NY (mostly all Democrats) who have pillaged our finances and keep borrowing, while they have a Puppet in the White House?
If you want to know what's going on the Stock Market, watch it with the sound off.
There is enough BS thrown about by the idiots to drown you in dung, so you'll never know what choices to make.
Let the stock numbers do the talking, then follow up with DD on your computer.
The upside volume was so huge, there couldn't be any more shorts that wouldn't have covered.
There just couldn't be any new longs. Those who would buy would have bought by then.
IT is the last trading day of the year.
It is the transaction date, and not when the money is due.
Why don't you look things up before you make a fool of yourself?
Where in the H do you get your information?
I'm a CPA and think I know a little more than you about taxes.
Finally, someone who knows what they're talking about when it comes to last day of the year tax selling.
Many people are still ingrained with the miss-fact that the last day for tax selling is 5 days before the last trading day of the year. This used to be the case.
My daughter, age 34, has moved from Hawaii to Rochester, N.Y. a mid sized city.
She has called every primary care Doctor in the phone book. There is not a one doctor who is taking on new patients.
Can someone please tell me if the same thing is going on where you live?
In case any of you think a stock reflects reality, think again.
Look at PUMA, that has nothing but losses, and analysts see only losses in future years, has gone from 18 to 112.
At least one knows there is hope for earnings at Twitter, so don't think the stock can't keep on climbing for no reason at all. Psychology is always more important than fundamentals in forming a stock price.
I had bought 10K shares at 8.99, and sold this A.M. at 9.10. I was kicking myself after the stock kept right on going up all the way to 9.28. The stock then sold off to 9.12.
I may be buying back tomorrow as I think I've made a giant mistake. After thinking about it, I think something
has changed and that a takeover, or something else may be imminent. We'll see.
Please don't try to figure out what the FDA will do with Afrezza.
There are hundreds of variables, one of them being that MNKD will be taken over by a larger company who is able to gamble with greater knowledge and resources before the approval/disapproval date.
HOPE SPRINGS ETERNAL.