I think it has to do with Janet Yellen. She seems to thiink the stock markets are too high so she is going to let them fall back down to more reasonable levels. Until that happens gold should continue to rise. But once she is back on the side of Wall Street then the markets will stabilize. It's not a bad move. We all know what happens when the market forms a bubble.
Last Friday someone bought 85000 call contracts for GLD March strike price 112 someone knows something. That was the single biggest options trade for the whole stock market that day according to the guys from "options monster"
Dont touch USO or UNG, the fees are so high. unless you time it exactly right(or hold for very short periods of time) your going to lose. For proof, look at a 10 year chart of USO. When oil dropped in 2009, USO tanked, but then when oil recovered back to the old highs, USO wasn't even 50% of its old high. OIH (or OIS) is a much safer pick.
I'm getting real time quotes for TCPTF on Schwab. It looks like OTCQUOTE dotYahoocom has real time quotes as well, but i haven't verified that.
you cant trade OTC's in after hours. I would only place limit trades also since volume is low. I have read somewhere that you can trade OTC's in pre-market, but i cant verify that.
Well, you could have 15 McDoubles (not to be confused w/ the double cheeseburger) or 100 shares of TC stock.
On Monday i bought some TC @ .121 and .12 in the same trade (even though my limit order was at .121) and yahoo showed the low of the day @ .123 so the reporting from the OTC isn't completely accurate.
On that note, previously when TC was on the NYSE the volume was always much higher than TCM.TO on the TSX, so it seemed that TCM.TO PPS would just follow TC on the NYSE up and down (even though it was probably supposed to be the other way around), but now that TC is on the OTC, i imagine its the other way around. If that is the case, wouldn't the CAD to USD exchange rate have more of an effect on the TCPTF PPS since its main trading platform is now in Canadian dollars? Or maybe i'm just overthinking this and it doesn't make a bit of difference. I mean really, who sits around on a Friday night and thinks about stupid stuff like this? =:-P
Although the Saudi's have the lowest oil production prices, they have the highest subsidies that they give back to their people. They lost 98 Bln last year and now have around 500-600 Bln in cash left(approx). They raised the price of gas in their country by a huge percentage when they took away that subsidy. How much cash will they burn through before they do something is anyone's guess. I think once enough frackers here go out of business they will w/ the rest of OPEC cut production. Here is a piece of an article I found that says they spend $106 per barrel:
"the Saudis need to balance a national budget that is swollen with social spending and subsidies. Saudi’s so-called “fiscal break-even point” is about $106 per barrel of oil,"
I know why FCX tanked. Indonesia is asking for $530 million for a copper export permit escrow account. FCX has $80 million set aside already. Permit expires end of Jan.
Lol anyone who hasn't averaged down their share price is crazy not to at least nibble at some shares while there is blood in the streets. Surprised gold isn't going a lot higher
Xtim i believe you are correct. In my experience many delisting notifications get extended. That posting on the NYSE site is old news. It's taking way too long for a simple delisting notification. But it's possible. You never know maybe they found a mother lode of gold. Lol that 500k share trade makes you wonder though
Luckily for us people can't keep New Year's resolutions for more than a few weeks. There is a lot of good information on this board, all you have to do is ignore the troll's. Hope everyone has a better year this year than last. Short term, I think TC is going to give a December production report this week that should be a nice bump in the SP, but what we really need is a classic short squeeze in copper. These commodity traders are quick to jump in and out of positions, why short something that already dropped 30% to gain another few percentage points, when you risk all that you just gained.
I hope TC is somehow taking advantage of the "junk bond crisis" and buying some of their bonds back on the cheap. I find it really strange that there are so many thumbs down on the posts on this thread. GLTA
I agree, but you can just put the person causing most of the disturbance on ignore Arnold and Copperlover,(click on "Flag" and then choose "Ignore"). Then put Do on ignore since all he seems to do is complain about Bernie lately. But, I have to agree with their consensus. If you carefully look at Arnoldboils and copperlovers posts its pretty obvious that they are the same person. Both of the ID's have put a persons name as the subject of a new thread multiple times(which is unusual), then they constantly compliment each other in great detail, something that is pretty rare, besides the occasional "nice post" or "thanks for the info", hardly anyone goes into detail to praise someone here. But overall its not as bad as so many of the other boards who just talk politics.
I just hope the people who provide fantastic information on the board don't get frustrated and leave. But if everyone ignores this person they will eventually go away to another board where they get the attention they desire. GLTA
You can trade between 4:00-4:15 on the direct market. That trade is likely a large fund trading to another fund. The bids and asks for those trades dont show up on level 2.
that is a great point. Anyone selling at that price is probably being forced to sell due to a margin call, fund redemptions etc.
it looks to me like someone may want to acquire a lot of shares, but doesn't want the price to spike. They probably put an invisible bid @ .22 for several 100,000's of shares, once they get all the shares they want, then it will go below .22, or it starts to climb soon and they will have to chase it to get their shares. Tomorrow should be interesting. 97% chance of a rate hike according to CNBC poll, They are saying a 1/4 point hike w/ a dovish statement, such as "we will wait and see what happens before we hike again", or something to that effect, will actually be negative for the dollar, which is what the economy needs. The dollar is too strong. Of course if they don't hike, it will be very interesting to see what happens.