Sometimes technical get trumped and smothered by fundamentals. The charts are supposed to know what's coming. But fact is, the charts aren't nearly always right.
In the midst of a run, they often reflect weakness incorrectly as we get light volume days.
But fiscal and geo-political risks have trumped everything else.
Risk has been and is still ON.
Every person who posts or ever posted "watch and learn", needs a spanking.
Kid, better stay in school.
Hmmmm,there's a rumor Borat was schtupping Alina Kabaeva at the Premier Palace.
Besides raising the red flag, it'll raise some eyebrows, which in turn will raise the price of AU and AG a bit.
And many of the miners have moved to achieve this (technically) inevitable next leg up.
(If you believe in tea leaves and what not) :)
Re-entry in this may be approaching. This will likely trend higher as the miners make their comeback.
The reason is obvious.
GLTA metals players.
Veal Chops, good thick, first cut chops at my local eatery are $48.
Just wait, burgers are next. Where's the beef?
And Mr. Wanderer, I don't own any shares of SLW for a while now. Other metals and minders, yes.
Complain,bla bla bla.....but China is buying the #$%$ out of Gold for a reason.
And the miners have been performing well.
This is a very intelligent thread.
The average Joe should read it.....three times!
But, after reading it, we ask, "how the heck did we get to where we are"? With DOW and most indexes at all time highs? But labor participation at all time lows.
And Joe's aunt, uncle and every member of his AA group has a 55 inch TV, purchased on their Visa card.
How'd they get the TV? How'd they get the credit? How'd they pay each month's bill?
They learned how from a reality TV show.
And everyone applying for UE benefits or food "stamps" does it from their dumb phone. Who pays for that?
We got 3 more years of gimme shelter, and then if the former first lady takes the helm, another 8.
What me worry?
earnings and revenues continue to outperform, as they have each and every one of the past 4 quarters?
If the answer is yes, we are looking at a reasonably CHEAP PPS and in the years ahead will drive into triple digits, EASILY.
I am not trading this company.
I do not care if it closes over 47, 46,48 today.
Talk to me 3 years from now.
I'll still be here.
GL to all longs.
You know my story. I have purchased 200 shares per month for 16 months now, plus additional 600 shares along the way. Have 3800 shares and each month I add, I am adding at near highs. I am still building my ultimate position.
This last quarter they BLEW away earnings, beat revs and all was terrific!
During the CC Call, like everyone, I was watching the PPS go from $47 to 48,220.127.116.11.53.54 and was leaving town!!!!!
Then, the most poorly articulated explanation of how young teen numbers are not growing and the PPS plummeted and still have all but regained a now near solid floor.
They interviewed teens and apparently many are switching to a new platform called instagram!!!! LOL
Well, lo and behold, WE OWN instgram!
And, not that anyone seemed to care but teen and sub teens do NOT make a monetized platform.
We are still the KING of social media.
And when we eventually get the advertising up to speed, by then, I expect rumors will already be in motion regarding CONTENT.
Eventually, CONTENT just like Netflix,Amazon, but we have 1 BILLION users.
We are on solid ground with institutions making their decision to stay with FB.
We will go much higher.
Why would I change ANYTHING II am doing with my FB investment when we are 1 day away fro earnings?
Based on everything I know, this stock is very volatile.
Based on everything I know, they have beat earnings estimates for the past 4 quarters.
Based on everything I know, their mobile ad sales should be up somewhere between 20 and 38% for the 3rd quarter.
Could the PPS go down a few bucks? Yes.
Chances? IMO 50%
Could it stay relatively the same? Yes
Chances ? + or - 20%
I think the chances of rising $5 are greater than dipping $3.
GL and just sit and watch.
bloggers etc But not analysts.
So ask yourself WHY do they want to cause panic selling?
Those of us who are long term investors are sitting back.
If it dips a bit, nothing lost.
If it moves up a bit nothing gained.
So I'll just sit with my 4000 shares which will be 4200 in 1 week for my monthly purchase.
GL to all longs.
I care not about blips and dips.
I care not about following market gyrations.
I add each and every month regardless.
Talk to me 5 years from now,when the PPS is $200, or $300 or $500 or more.
I'm not selling,just adding.
Why would I sell at $54 or $50 or $60?
I add not sell.