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The Lunatic Fringe - Trading talk.
- Thread starter Zed
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I was thinking lately - Where are all the new people on GIM? The only ones who post here have been posting for years.
Are we scaring everyone away? I thought this new gold bull market would bring on new posters here. But we have yet to see any newbies.
Strange to me...
Are we scaring everyone away? I thought this new gold bull market would bring on new posters here. But we have yet to see any newbies.
Strange to me...
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I dunno, Z. I don't have knowledge of what actually occurred, but say that fellow was tasked with defending lawmakers who were inside the barricade. This person pops up, perhaps with some sort of a bomb? He has no clue - anything is possible in this moment of chaos. I'm not condoning gunning folks down, but that person sort of put themselves in the line of fire.
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No, just that rising rates and a weaker dollar should go hand in hand. I think the USD is due for some sort of rally... but... it ALWAYS takes WAY longer to turn than expected.
Always open to the idea that I'm wrong on that USD thing, however the melt up idea still looks right to me.
Thinking on it?!
More tomorrow maybe.
Always open to the idea that I'm wrong on that USD thing, however the melt up idea still looks right to me.
Thinking on it?!
More tomorrow maybe.
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I absolutely agree. Reminds me of the lyrics to a Dylan song called 'Up to me':
Well we all heard the sermon on the mount
and I know it was too complex
It didn't amount to anything more
Than what the broken glass reflects
My interpretation in that scene was that the furniture was being used to barricade the doors in a desperate attempt to keep the mob out. In that fellow's defense, I don't think he could have be reassured that getting through the door might not have resulted in violence being perpetrated. I'm sure he felt it was his solemn duty to protect those beyond the doors. It's tough call, and a sad scene all the way around.
Well we all heard the sermon on the mount
and I know it was too complex
It didn't amount to anything more
Than what the broken glass reflects
My interpretation in that scene was that the furniture was being used to barricade the doors in a desperate attempt to keep the mob out. In that fellow's defense, I don't think he could have be reassured that getting through the door might not have resulted in violence being perpetrated. I'm sure he felt it was his solemn duty to protect those beyond the doors. It's tough call, and a sad scene all the way around.
Maybe some of you could answer a question that I've been wondering....
I know nothing goes up forever a correction has to happen in the overbought stock markets.
What happens to mining stocks in a market crash?
All in now. I am not the best trader and a bull can chew you up.
Have decided to bag hold most of stocks, but...
I know nothing goes up forever a correction has to happen in the overbought stock markets.
What happens to mining stocks in a market crash?
All in now. I am not the best trader and a bull can chew you up.
Have decided to bag hold most of stocks, but...
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Not sure he knew who was back there. If they were banging on a barricaded door, why would he expect that there were armed police there? Also, why would he assume they were unarmed? I don't disagree that it may have been a piss poor showing, but I think you give him too much credit by assuming that he knew enough to calculate that he was just trying to generate a headline. Just my 2c, if its even worth that.
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Best find someone smarter than me to step in, but I'll give it a whirl until they do. The market is made of sectors. The PM sector is still down 30-40% off its 2011 high. Also, assume the market crashes - sure miner's being a stock might take some sort of a hit, at least initially anyway. But then as money rotates into safe havens, like PMs, there is impetus for miners to rise. In fact, you could argue that in this money printing phase we are already in, and which now will likely accelerate, commodities in general should shine.
I don't have much respect for Keiser, he's like a child who refused to mature. But he has been right on bitcoin.
I've mostly stayed away from bitcoin partly because I don't see the value in it. And also because in reality its just a bunch of nerds jacking eachother off. I know too many millenials who know nothing about stocks and investing, but think they are the smartest person in the world because they've made money on bitcoin. I can't stand to be around them.
But now i'm starting to think it's going to keep going up until governments create their own digitial currencies and move to outlaw competing private currencies like bitcoin. With one stroke of a pen, bitcoin can go to 0. In the end, as a trader, all that matters is the trend, and the trend is up.
I've mostly stayed away from bitcoin partly because I don't see the value in it. And also because in reality its just a bunch of nerds jacking eachother off. I know too many millenials who know nothing about stocks and investing, but think they are the smartest person in the world because they've made money on bitcoin. I can't stand to be around them.
But now i'm starting to think it's going to keep going up until governments create their own digitial currencies and move to outlaw competing private currencies like bitcoin. With one stroke of a pen, bitcoin can go to 0. In the end, as a trader, all that matters is the trend, and the trend is up.
You know they say some of the best traders are dumb as $hit. Bitcoin might be a look don't think or it just might be the best trade you never made. Just hold the crap.
Question you gotta ask is would you feel dumber if you buy and it goes to $hit or you don't buy and it goes to half a million or some such ridiculous number. Best part is you don't have to do anything with it. There are other vehicles.
Question you gotta ask is would you feel dumber if you buy and it goes to $hit or you don't buy and it goes to half a million or some such ridiculous number. Best part is you don't have to do anything with it. There are other vehicles.
Sure as $hit is but the old adage goes nothing is so high that it cannot go higher nor so low that it cannot go lower. Hey you have a car company that sells no cars but is valued on the SM for more than all the competition. Tell me any of this makes sense. Silver at $27? Really with Gold at $1900? Silver was $50 41 years ago. Logic is gone.
I see bitcoin as a classic parabolic move. The time to buy was back in October. Now's the time to sell.
Indicators are all at extremes. On the weekly chart, the indicators are at levels that are more extreme than even in 2017. This thing can come crashing down hard any day. Or should i say, any second. There's a chance we could shoot to $50k first, but its gonna be lightning fast, then crash hard.
Weekly:
Indicators are all at extremes. On the weekly chart, the indicators are at levels that are more extreme than even in 2017. This thing can come crashing down hard any day. Or should i say, any second. There's a chance we could shoot to $50k first, but its gonna be lightning fast, then crash hard.
Weekly:
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I've just been holding GBTC for the last month, buying a little on the red days. Don't really feel like it's very tradeable.
Been thinking about trying to use a wheel strategy on one of the bitcoin mining stocks, sell puts, so I don't chase the price and if it just keeps going up, I've got my premium. If it goes down, well I get assigned, but at least I didn't buy the absolute top. I don't know. Tricky trading.
Been thinking about trying to use a wheel strategy on one of the bitcoin mining stocks, sell puts, so I don't chase the price and if it just keeps going up, I've got my premium. If it goes down, well I get assigned, but at least I didn't buy the absolute top. I don't know. Tricky trading.
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