hey nancy, yah still designing kids products and surfing been in cash mostly from last year. funny, when Chicosan showed up and when Silent left was the time to sell miners. I may play some bounce plays but we are in intermediate bear cycle and I will wait for the trend break before going into accumulation phase. Pm's will probably consolidate at this level, but until China prints we may see 1050 this summer. Will see, good luck nancy.
Bitcoin is too chaotic as you have zelots and hedges/banks that will attack it and the market is too small. I do not like the battle field. My main focus is to see how much china wants to clean up it's banks. the world except US (cooked books ) has been in a recession for almost a year. so we still may have upto six months to go before commodities end it's secular bear. wish boat and ac were around. good luck TJ.
looks like a fail on the bounce in the shorterm, now the issues is will china have a credit crisis, world credit crisis before they print, dollar is the only thing up. silver getting crushed. guess it will be interesting summer.
yah, would ah, could ah, should ah, ha ha ha. were still alive TJ. on the weekly chart HUI looks like it might get a MACD cross as boat says it may not be successful the first time but looks like were near a bottom in the shorterm to intermediateterm. WOW HUI is at 254. remember when I liquidated when HUI was 540-525. too bad I also shorted s&p at the time. I never thought I would be stacking physical but Stagflation or Staghyperinflation is on its way and they can only tapper, which means they can never stop. we can crash and bailout for til 2030 easily. good luck TJ.
PM's got my interest again but no first buys yet. I have no idea what is going to happen but I will buy physical if there is a crash. and buy PM's if they print. man wish I had bought physical when you and boat were buying before gold $800. remember those days TJ.
spx and miners diverging today, hui to spx ratio favoring miners. seams like there is a possibility of metals and miners gaining as spx sells off like last fall.
hey TJ, guess its only the hardcore gold bugs on the boards now. thats probably a good sign from a contrarian view. todays action is a bit concerning will need to monitor on a shorterm basis midterm still good. if EGO looses 14 then will look at see if it want to test 11-12 range. will need to monitor the action next week to see if the breakout fails. stay well TJ, i know you will as you have physical.
looking at the weekly hui to spx ratio. looks like double bottom in may and july. now the rsi is 58 and looks like a MACD headed up to cross the 0 line. so miners outperform spx in the midterm...
we have confirmed printing and breakout of the 16 month commodities consolidation. only thing is in the shorterm we may have exhaustion but midterm we probably got more togo til jan 2013.
You know if boat was arround he would probably be on the prowl as the HUI weekly macd is looking to cross up but he was a patient one and always waited for the confirmation as alot of times the cross fails as needes to build a base will see if a v recovery or a w.