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Post by cosmic on Feb 19, 2012 20:32:28 GMT -5
I thought that too - then I saw the market up, crude up, and gold down.
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Post by Clinton SPX on Feb 19, 2012 21:44:59 GMT -5
Gold Attachments:
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Post by Clinton SPX on Feb 21, 2012 9:01:03 GMT -5
silver +2% ya ya ya
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Post by timber on Feb 21, 2012 9:04:25 GMT -5
zsl about to go into the nines
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Post by timber on Feb 21, 2012 10:03:22 GMT -5
they just mentioned the reserve on CNBC ;D
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Post by Rich on Feb 21, 2012 10:06:20 GMT -5
news shows were talking about it last night
It's the presidents fault
It's not the president's fault
oy
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Post by Clinton SPX on Feb 22, 2012 14:04:44 GMT -5
Bull Flag on SLV
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Post by Clinton SPX on Feb 22, 2012 14:06:38 GMT -5
Long HL 5.41
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Post by Clinton SPX on Feb 22, 2012 14:16:25 GMT -5
here we go HODs lighting up weeeeeeeeeeeeeeeeeeeeeeeeeeeeee
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Post by jack on Feb 22, 2012 14:20:07 GMT -5
here we go HODs lighting up weeeeeeeeeeeeeeeeeeeeeeeeeeeeee Little early for the PPT....BUT I'LL TAKE IT!!! It just turned my miner green....funny (but pathetic) how one's mood changes when in the red vs. the green..... Bwahahahahhaaaa!
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Post by tendermyshares on Feb 22, 2012 15:00:22 GMT -5
GLD closes over 173.50 and it's gonna go crazy. Don't think it'll make it there today, but .... there seems to be a bit of interest.
As it stands the iH&S is active as of today.
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Post by jack on Feb 22, 2012 15:14:02 GMT -5
GLD closes over 173.50 and it's gonna go crazy. Don't think it'll make it there today, but .... there seems to be a bit of interest. As it stands the iH&S is active as of today. Not much room between there and GLD 175 which is a short at that PP from last November.
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Post by jack on Feb 22, 2012 15:52:57 GMT -5
New tidbit about Continental fwiw: www.theaureport.com/pub/na/12637"Precious Metals Takeovers Push Share Prices: James West" "A lot of companies intentionally avoid resource calculation because they know it will trigger the interest of predatory majors. For example, Ari Sussman, the chairman of both Continental Gold Ltd. (CNL:TSX) and Colossus Minerals Inc. (CSI:TSX), will not let the majors visit the properties because he does not want to be taken over. He wants to maximize shareholder value before he invites that kind of attention." I dunno if this is good or bad....if they only get acquired next year it'll be undoubtedly subject to higher cap gains rates (from the current 15% to 28%).
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Post by novice08 on Feb 22, 2012 16:16:33 GMT -5
Oh, man. Good pt. We should take our profits b/4 YE I guess...altho hedge funds not subject to tax, .
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Post by tendermyshares on Feb 22, 2012 16:46:03 GMT -5
ITMS has a GLD swing high resistance at 175. Their other "swing high resistances" over the past month have been good for the rear end of a dog. GLD closes over 173.50 and it's gonna go crazy. Don't think it'll make it there today, but .... there seems to be a bit of interest. As it stands the iH&S is active as of today. Not much room between there and GLD 175 which is a short at that PP from last November.
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Post by Clinton SPX on Feb 23, 2012 10:08:34 GMT -5
silver so bullish
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Post by maxi on Feb 23, 2012 11:12:18 GMT -5
New tidbit about Continental fwiw: www.theaureport.com/pub/na/12637"Precious Metals Takeovers Push Share Prices: James West" "A lot of companies intentionally avoid resource calculation because they know it will trigger the interest of predatory majors. For example, Ari Sussman, the chairman of both Continental Gold Ltd. (CNL:TSX) and Colossus Minerals Inc. (CSI:TSX), will not let the majors visit the properties because he does not want to be taken over. He wants to maximize shareholder value before he invites that kind of attention." I dunno if this is good or bad....if they only get acquired next year it'll be undoubtedly subject to higher cap gains rates (from the current 15% to 28%). I would say that is GOOD Jack. If u trust Ari to make good decisions and he should since it is his money too. And really screw the tax consequences. If you make enough money on it what the heck. Better than not making the money. AND a good tax consultant could probably help out should that situation arise..
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Post by Clinton SPX on Feb 23, 2012 22:42:01 GMT -5
Holy Chit oil 108.50
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Post by kbk3ck on Feb 23, 2012 22:44:26 GMT -5
;D ;D ;D
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Post by Clinton SPX on Feb 23, 2012 23:32:08 GMT -5
Keep this in mind though. we had a build on oil inventory So these higher prices will make people use even less gas causing a bigger build when the price breaks it will break hard IMO
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Post by Clinton SPX on Feb 24, 2012 8:02:56 GMT -5
Oil Rises a Seventh Day in New York in Longest-Winning Streak Since 2010 By Grant Smith and Ben Sharples - Feb 24, 2012 7:06 AM ET
Oil advanced a seventh day, the longest winning streak since January 2010, on signs of economic recovery from the U.S. to Germany and concern escalating tension with Iran threatens crude supplies. Futures climbed from the highest close in more than nine months and headed for a third weekly gain. U.S. jobless claims held at the fewest since March 2008, while South Korean consumer confidence increased to the highest level in three months and Germany’s gross domestic product grew 1.5 percent from a year ago, an eighth quarter of expansion. Oil may rise next week as sanctions on Iran tighten, according to a Bloomberg News survey. “Downside risks from a complete macroeconomic meltdown are receding fast,” said Paul Horsnell, London-based head of commodities research at Barclays Plc. “However, geopolitical risks are on the rise, with the escalating tension about Iran manifesting itself in a series of proxy wars.” Oil for April delivery increased as much as 0.8 percent to $108.70 a barrel in electronic trading on the New York Mercantile Exchange and was at $108.40 at 12:05 p.m. London time. The contract yesterday gained 1.5 percent to $107.83, the highest close since May 4. Prices are 5 percent higher this week and up 11 percent the past year. Brent oil for April settlement was at $123.77 a barrel, up 15 cents, on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to New York-traded WTI was at $15.37, compared with $15.79 yesterday. It reached a record of $27.88 on Oct. 14. Crude Stockpiles U.S. initial unemployment claims were 351,000 last week, according to Labor Department data yesterday. South Korea’s sentiment index rose to 100 in February from 98 in January, the Bank of Korea said in an e-mailed statement today. Germany’s economy expanded year-on-year in the fourth quarter while contracting 0.8 percent from the third quarter, data from the Federal Statistics Office in Wiesbaden showed. “The data is consistent with the overall picture of moderate economic growth that has now been in place for quite a while,” said Ric Spooner, a chief market analyst at CMC Markets in Sydney. “The Iranian situation is a large one. Markets react to the possibility of supply-side risk or a drop in supply.” U.S. Inventories U.S. crude stockpiles climbed 1.6 million barrels last week, data from the Energy Department showed. They were forecast to increase 1.35 million, according to the median of 10 analyst estimates in a Bloomberg News survey. Gasoline supplies fell 649,000 barrels, compared with a projected 250,000 barrel gain. Goldman Sachs Group Inc. said this week that West Texas Intermediate crude will rise this year, even as the highest U.S. oil production in nine years threatens to build stockpiles. The glut will be relieved in June, when flows through the Seaway pipeline are reversed, giving producers in Canada and North Dakota direct access to refineries on the Gulf coast, it said in a Feb. 22 report. “The positive tone helped the crude oil market shake off weekly U.S. EIA inventory data that showed a larger-than- expected build,” Mark Pervan, head of commodity research at Australia & New Zealand Banking Group Ltd. in Melbourne, said in a note today. “While there was a level of concern that the 4- week moving average for total U.S. product demand slipped to its lowest level since April 1997, energy markets appear focused on a potentially tight supply situation in the Middle East.” Banking Sanctions Turkiye Halk Bankasi AS, the Turkish bank that handles payments for Iranian oil, may stop processing transactions for supplies into Turkish refineries from July, according to an official at Tupras Turkiye Petrol Rafinerileri AS, which operates four plants. Tupras won’t be able to use the bank after June 30 without a U.S. waiver, the official said yesterday, declining to be identified because of company policy. State-run Halk complies with all international regulations and standard practices on Iran, an official at the Ankara-based lender said by phone yesterday, declining to be identified for the same reason. The U.S. has offered to help India, which also uses Halk for payments to Iran, get alternative supplies for the crude, according to three people with knowledge of the matter. The U.S. may help broker deals with suppliers such as Iraq and Saudi Arabia, the people said, declining to be identified because the information is confidential. Indian refiners have been told that Halk’s services may soon be terminated, four people with knowledge of the matter said Jan. 10. Iran, the second-biggest member in the Organization of Petroleum Exporting Countries, produced about 3.5 million barrels of oil a day last month, according to analysts’ estimates compiled by Bloomberg. Saudi Arabia had output of 9.7 million barrels a day and Iraq had 2.8 million.
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Post by Clinton SPX on Feb 24, 2012 8:16:51 GMT -5
somebody is shorting the shit out of my GPL Attachments:
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Post by Clinton SPX on Feb 24, 2012 8:40:25 GMT -5
HL got a bull flag thing going above the 50, 20ma Attachments:
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Post by Clinton SPX on Feb 24, 2012 10:09:29 GMT -5
silver popping hope them GPL shorts get squeezed this time
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Post by novice08 on Feb 24, 2012 10:39:21 GMT -5
Silver looking more bullish than gold, esp. if it can stay above 35.30. Shoot if they didn't (mini) flash crash gold/silver as I was typing. .
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Post by tendermyshares on Feb 24, 2012 10:51:38 GMT -5
After reviewing the consolidated chart for the first EU LTRO I posted this morning, I am less bullish on gold for the short term. Possibly bearish.
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Post by Clinton SPX on Feb 24, 2012 10:54:02 GMT -5
After reviewing the consolidated chart for the first EU LTRO I posted this morning, I am less bullish on gold for the short term. Possibly bearish. agreed, Im out
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Post by novice08 on Feb 24, 2012 11:00:06 GMT -5
And Monday is opex for gold futures, it usually falls going into opex. It closed at 1664 on 1/24 so it's had a nice run.
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Post by kbk3ck on Feb 26, 2012 8:23:53 GMT -5
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Post by timber on Feb 26, 2012 8:30:45 GMT -5
i went long oil after i saw that breakout last week ;D
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