Ganja, the thing is the fed will not end the bond buying. Period. Do some math, "tapering" from $85B/month to say $65B/month is really a reduction from $1 trillion in fake money per year to $800B in fake money per year, hardly anything worth noting. Now if the fed withdrew from the market 100% then yes gold would decline, but the thing is how would the fed do that? They physically cannot. The average person doesn't really understand economics and what the fed is doing. The Fed is scared to death of deflation and the recent velocity of money is what made them so terrified so they are going to create inflation via yellen to force people into stimulating the economy. That is the goal. Look you can believe robbie or you can believe me, Im being sensible and laying out everything on the table, robbie just repeats what any news anchor or tv talking head would discuss, Im letting you know that comex is showing asian demand is booming, goldman is saying sell gold WHILE their SEC disclosure in june disclosed a position of 3.7M shares of GLD which would be worth $462,500,000 today. If goldman doesn't believe in gold then why have a half billion dollar position in it? Like I've always advocated....follow the money. China is hoarding gold, they're the biggest miner of gold on earth, oddly enough they're the biggest US treasury holder so when, yes when we default, maybe not now but definitely in the future, we will screw china over, so china is buying up all the gold it can and when it realizes it can dump our bonds and make the gold they bought rise in value they will have us cornered. At that point its when do we dump treasuries and sink the dollar and give america a big F U for all this debt they've accumulated. They don't need us as much as they used to in china, they have their own gigantic emerging middle class, the US is toast when china has hoarded enough gold to back their yuan with and then that will be the end game. till then it will be more of the same, but keep track of what the chinese are doing, 100 tonnes each of the last 4 months is serious gold buying. The US claims to have tons, if we did, then why was it such a hassle to give germany back their gold earlier this year? Did you hear about that? Germany wanted their gold back and the FED said it wasn't possible for 7 more years?!?!? If we have all this gold then why would it take so long to get it??? http://nsnbc.me/2013/04/18/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults-2/ Just remember the US is the king of manipulating markets, but soon enough their song and dance will be over, and by then it will be too late to buy gold, you'll be paying too much for it with dollars worth a fraction of what they're worth today.
I'm down 2k over these two days, not too shabby because I am only left with a small amount of $ZGNX shares. Thinking buying big as soon as I see a bottom...not there yet
Question: How would you trade the treasuries? More specifically, If I want to bet the 10-year treasuries will rise, what ticker symbol would I buy? I see TNX, but not sure if this is an index or tradeable. Thanks!
IEF is the 7-10 year treasury etf. Also, I don't mean to be that "you should just Google it!" guy, but just Google it next time :grin:. They have so many etfs now it's crazy. Yesterday I was looking for a short term treasury etf since I saw 1 month t bills yields shot up. Googled 1 month treasury etf and found BIL. It's a ridiculous etf but it exists.
...and I lost on the interim ha. But if I'm long IAG then it should matter what I paid for it. I realized I'm not good at daytrading, so good thing the money I put in was only practice-level. I'm just gonna hold my stocks now and forget about them for the season.
It's a $4 stock speculative stock that is at the whim of a volatile (currently down trending) commodity...so no one should be putting a ton in it. Good to know you recognized that.
Seems overvalued. Most of their profit comes from companies recruiting skilled workers. A lot of those job listings are Federal or government contractors, so they will be affected by the Shut Down and Debt Ceiling. Their stock might rise a lot if this mess is settled early next week.
robbie is an ignoramus, he shorted himx while it was in a technical breakout lol. On the rise from $5.77 to $11.48 in a month robbie shorted at $8+ after hitting new 52 week highs, please ignore him. Gold isn't speculative, gold has been of value for 6,000+ years and is down 33% from it's peak. Chicago,San Jose, and many other municipalities are on the brink of bankruptcy. The US is a puppet, they keep talking about how great the economy is yet we're mired with $17 trillion of debt and unemployment is worse than ever, no matter what the numbers the government released Robbie is basically the news anchor on tv, a cheerleader for the recovery that frankly isn't happening. The richest people are getting richer while cutting hours and wages for their workers who are now facing healthcare increases LMAO if you really think we're gonna recover. All this failure is how the dems will stay in power by keep the middle class and poor suppressed and on government programs so they'll keep voting dem again what are your qualifications robbie? The majority of your trades you've posted have been failures, you just ramble on against everything I say bc you hate my political views. Again, I could care less what you think about my political views but to say gold is speculative shows how ignorant you are
also look for robbie to continue talking like he's a chartist and a technical trader. Robbie care to explain the velocity of money that the fed is scared to death of signaling deflation and why yellen is aiming to boost inflation to create spending or did they not teach you economics at the online $39.99 trading class you learned to read charts at
Being of value and being a good investment are different things. And something being down from it's peak should NEVER be a reason to buy or sell anything, because it ignores the fact that there might be legitimate reasons its down. Prior value is a horrible way to judge future value of anything. And in general, when you have a thesis that no matter what happens, something will go up, you should seriously question the premise of your thesis.
I can promise you 100 years from now gold will be here and higher than its current value. Can any stocks guarantee that? Major you're just as pious a twit as robbie yourself, liberals sticking together, how cute
If you had invested in the market 30 years ago in an index fund your returns would be much greater than gold over that same period.
Ok but good luck with American growth like what we saw from 1950-today. How ignorant are you too, there will be no hyper growth in any of our giant companies moving forward resembling anything seen in the past. So coke,Exxon,etc are gonna grow 1,000 fold from here like they did in the past? Lmao but gold will still be gold
After reading the last few pages of this thread, I've been convinced that it is in my best interest to stock up on gold and hide in my basement until the dollar collapses. Fortunately, I still get Fox News in there so I'll be consistently updated on how awesome of an investment I've made.
