Recent

% | $
Quotes you view appear here for quick access.

Direxion Daily Small Cap Bear 3X ETF Message Board

leebagain 153 posts  |  Last Activity: Jun 24, 2016 10:27 AM Member since: Nov 6, 2008
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    rand

    by bajared Jun 24, 2016 9:42 AM
    leebagain leebagain Jun 24, 2016 10:27 AM Flag

    Yep. Brexit is a double positive for HMY. I bought a lot more at 3.70. Will be holding them for quite a while.

  • Reply to

    Brexit Happens? Looks that way: gold up $63 now

    by sandiegoman99 Jun 24, 2016 12:19 AM
    leebagain leebagain Jun 24, 2016 10:04 AM Flag

    I expected between 10 and 20% increase in gold miners at the open. It was 10, so I bought a boat load more. An extra $70/oz for IAG is an extra $0.14/share. The only problem is that the miners have really lost their momentum over the past couple months and I understand why. That 0.14/s may be the only profit that IAG makes at current gold prices.... Maybe 0.18. X that by 20 and you only get $3.60. I'm buying more on any dips. I think this is the beginning of the end of the E$ and there's no way Yellen can raise rates this year. The USD would absolutely explode back to 100 on DXY.

  • HMY is the one to buy IMO and I just paid at high of day (a boat load). It's a double whammy for HMY - higher gold and higher USD.

  • Reply to

    Spam

    by tikas2709 Jun 21, 2016 7:03 PM
    leebagain leebagain Jun 22, 2016 10:33 AM Flag

    I have found many previously good websites have redesigned their site very poorly. One example is marketwatch. Among many other detrimental features, they removed the price of oil from their home page.... They did this when oil was probably the most monitored investment in world markets. Aside from that, the site is simply horrible compared to the previous site design.

  • If they cannot control the spam!

  • Reply to

    Gold Up and Miners Down

    by sandiegoman99 Jun 16, 2016 1:03 PM
    leebagain leebagain Jun 20, 2016 2:51 PM Flag

    Waiting for what....? Gold/miners to show some overall resiliency?

  • Reply to

    Gold Up and Miners Down

    by sandiegoman99 Jun 16, 2016 1:03 PM
    leebagain leebagain Jun 17, 2016 12:08 PM Flag

    IAG and all other miners I follow have been slightly over valued based on my analysis, for the past couple of months. I still bought on the basis that they would continue to be bid up, despite the absence of value, at least for a while longer..... I was right about the first part. I got a bit greedy, 'gambled' and was wrong about the market bidding the shares up further. Very expensive lesson learned. Holding on to what I've got now though. I don't think there will be a Brexit and gold will fall hard in the short term, but quite honestly, I am surprised gold didn't hold above 1300 just on the basis of the 10Y German Bund going negative. 1400 gold before the end of the year very possible; very likely if there's a Brexit.

  • Reply to

    Who's buying here?

    by tikas2709 Jun 10, 2016 4:30 PM
    leebagain leebagain Jun 16, 2016 12:03 PM Flag

    I held my nose and bought a shed load..... I should have stuck with my insight into the apparent cooling off in the mining sector..... Gold is currently at a critical juncture - remaining above 1308 is important.... Global bond yields are falling through the floor though.... With gold up $16 on the day and many of the gold miners flirting with a loss, the likes of IAG will either finish up/down about 5%, even if gold only moves 5 bucks either way from here today. Place your bets!

  • Reply to

    IAG is near 52 week high

    by sandiegoman99 Jun 15, 2016 4:32 PM
    leebagain leebagain Jun 15, 2016 5:30 PM Flag

    Might buy some SSRI.... It's up 100% since gold was last at current levels in April though..... Was their earnings report really that good.... Not really, but there are only so many producers out there and I like SSRI's low float (especially when so many others are diluting).

  • Reply to

    IAG is near 52 week high

    by sandiegoman99 Jun 15, 2016 4:32 PM
    leebagain leebagain Jun 15, 2016 5:20 PM Flag

    I had bids in before the fed today but they just didn't quite get there and I couldn't be around for the announcement. Bought some at a higher price this afternoon. If gold is in a bull market and I do believe it is, the kind of pause in POG after a fairly dovish announcement from fed should, IMO, create more buying.... It's just taking a little while for fed comments to sink in now because we're up near the highs. VGZ has been on a tear since someone on this board suggested it a week or so ago. I didn't buy any but I will take a look on a significant pullback.

  • Reply to

    Who's buying here?

    by tikas2709 Jun 10, 2016 4:30 PM
    leebagain leebagain Jun 13, 2016 1:27 PM Flag

    I am struggling to buy gold miners at current prices. With all the dilution and lack of projects in the pipeline, they seem over valued to me. I am still buying small amounts on small dips but even though I am very bullish on gold, it's difficult for me to make big bets on the gold miners at this time. I don't think IAG even makes a profit when they report next Q. I had a lot of HMY up until a few days ago but the USD has been losing a lot of ground against the ZAR, so I sold those.... If gold gets back to 1300 (I think it will get there within a couple of weeks) I may have to hold my nose and just buy GDXJ but I don't like buying any stock for any reason other than value....

  • Reply to

    I need potential oil shorts.....

    by leebagain May 16, 2016 12:59 PM
    leebagain leebagain Jun 8, 2016 11:32 AM Flag

    Still keeping an eye on oil stocks.... (refresh post)

  • leebagain leebagain Jun 7, 2016 3:55 PM Flag

    I agree, it stinks, although as you stated, "there's no evidence of additional flow through shares" since the batch earlier this year.

  • leebagain leebagain Jun 7, 2016 12:21 PM Flag

    Where did you find this updated flow through share information?

  • Reply to

    What to do with profits

    by what_is_the_frequency_gay_bug Jun 3, 2016 9:57 AM
    leebagain leebagain Jun 7, 2016 12:15 PM Flag

    Right; fair comment IMO; "buy the dips and sell the rips" but keep a longer term account of shares aside for long term cap gains when they've tripled from here.....

  • Reply to

    Real talk

    by tikas2709 May 31, 2016 3:46 PM
    leebagain leebagain Jun 1, 2016 6:03 PM Flag

    Well, I suppose it's the trillion dollar question. I suppose I could see property dropping 20-30% in New York and LA, but it doesn't seem to have gone crazy in most parts of the country. Toppy but not crazy IMO.

  • Reply to

    Real talk

    by tikas2709 May 31, 2016 3:46 PM
    leebagain leebagain Jun 1, 2016 9:42 AM Flag

    I very much doubt there will be a housing "crisis" as in 08/09. Every homeowner has at least some skin in the game now and people have already started taking money out of the stock market in order to put it into property as a long term investment. Also, the inventory is way below levels which would cause prices to drop dramatically. I expect the property boom to continue this year and perhaps even next year (although I am not banking on that - I am in the process of selling some real estate) then flat for years. I do expect gold to hit 1400, but not until early 2017.

  • leebagain by leebagain Jun 1, 2016 9:31 AM Flag

    I have a lot at stake regarding Brexit, so I have been closely monitoring the situation. I have a lot of friends and family in UK too. I have been saying for the past several weeks that despite the polls (up until yesterday) suggesting there wouldn't be a Brexit, I expect that there will be. Will this only effect USD/GBP? I don't think so. I think the Euro will tank too. Not sure what it will do to gold priced in dollars.... Maybe a wash, i.e. strong dollar but more foreign purchases of gold.

  • Reply to

    Correction Underway

    by sandiegoman99 May 24, 2016 4:44 PM
    leebagain leebagain May 27, 2016 3:22 PM Flag

    Clive Maund wasn't far wrong. Some folks really have it in for him and don't appreciate his use of COT in his analysis, but he was bearish at around 1250/60 and gold got to 1305, so he missed the mark by about 4%. His reasoning was kind of off too as he didn't anticipate fed speak being the cause of the downturn, but nevertheless, if gold tests the 1150 area, his trade made 8%. Also, bear in mind that Maund is bullish on gold in the longer term, he just expected a correction. He hasn't won yet, but he hasn't lost either.

  • Reply to

    Falling knife till FED decision.....

    by leebagain May 27, 2016 2:48 PM
    leebagain leebagain May 27, 2016 3:04 PM Flag

    Yellen sounded pretty dovish today though.... I just listened "could" raise in coming month"s". Gold will move based on econ data after those comments from Yellen. The decision will be "data dependent" again. The problem (for gold) is that I think the data will be decent now that we're into the summer months. If she doesn't raise in June I think the fed will lose an enormous amount of credibility, especially after all the jawboning (although Jim Rickards has said that most of those fed members don't have a whole lot of clout).

TZA
39.09+4.00(+11.40%)Jun 24 6:19 PMEDT