If a barrel of oil has moved about 27% in a week, why hasn't there been much movement at
the gas station.
I'm not in this, I was in XOP, but too volatile, so I'm back in AWK. I was surprised that over
the last 10 years AWK is up more than XOM even when oil was 150.
Boy am I glad I sold this F thing at 15.00 on Monday. Made money in AAL, AWK and PSQ since then.
Bought PSQ when it was 58.86 this morning and now it's up nicely.
I could never make money in GDX., I don't know why I kept trying. I guess the shorts make money.
I meant to write everyone said to sell on this morning's bounce in the market.
Now I see I did the right thing not to buy AMLP.
I bought PSQ at 58.86 and now I'm up nicely. Hope it's still up tomorrow when
I can sell.
Seeking alpha had an article that said the Russell 2000 was in Bubble territory- overvalued.
I think I'll buy the RWM today.
I sold GDX this morning for a loss and made it in AAL when I bought at 34.30 and sold at 38.70.
I'm in AWK, but thinking about buying either SH, RWM or PSQ tomorrow. Everyone is saying
to sell into any bounce and we're going lower!!
I was in GDX., sold for a loss and bought AAL at 34.30 and sold at 38.71. Made up for my loss in GDX and
made money in AAL. Now I'm in AWK a water utility., since I can't sell till tomorrow.
I'm not trading this anymore. I don't understand it. I thought GLD and GDX would be way up today.
I sold for a loss and bought AAL this morning at 34. 30 and sold at 38.71. It was down about
15% even though oil is tanking??
Now I'm in AWK, bought after selling AAL. I hope that's safe since it's a water utility!!
Did someone make a trading mistake? Was that a small trade?
I was thinking of getting into water utilities in case of a bigger market correction and wondering which
one to be in AWK, WTR or AWR. CWT has been very volatile lately!!
I think this might be good for trading because in the last 6 months it's stayed in a range. It was 38 in
march and it's still about 38.00. Apple dropped 20% in a month.
I'm just wondering what happens to utilities if they ever raise rates, although it doesn't look like they will
till next year!
After the devaluation of the Chinese currency, people are worried," said Rajan Venkatesh, head of India bullion at ScotiaMocatta, part of Canada's Bank of Nova Scotia. "They are afraid of a currency war. They are going back to gold."
Prices could rise to $1,230 to $1,240 within a month, he said on the sidelines of the International Gold Convention in the city of Panaji in western Goa state.
This has to be good for GDX !! Today's article.
Sentiment: Strong Buy
Thanks. I can't believe the big drop from the open. I'm not sure now if I should be in
gold or SH, or RWM. What happens if there's a rate hike in sept.