Sic transit gloria mundi
I think I'm a buyer of the Precious at $600, especially if we get there this year.
Well, if we get there on Gold, I'm not so sure there will be any available. But, if there is, I will join you to purchase by the bucket full, at least. ;-)Interesting that my current ideal exit is 2125. Perhaps the stars will align...
Phat, I'd take delivery on a pork bellies contract or two, if they still traded.Imagine all them bacons!
Hmmm... Schinken... :-)Think we can get to 2125 by OpEx?
Upper daily SPX Bollinger is heading up again, at 2083 this morning, so the setup is there again to go chase it.2125 for me is a touch of a longer-term trendline and a great spot for a reversal. Measured from the 666 SPX low, it's also a rally of 1.6x the magnitude of the 2008 crash.
Yeah, that works for me. Also, the numbers I have for successive days are supportive of the current trend and IV on options are not showing anything abnormal. So I will stick with it until target or reversal is hit. Reversal currently sits at 2040.11 (confirmed, changes EOD).
of course 2125, it will look cheap in a year. :)
T.BerryI suspect it might look cheap in a year; unfortunately that will apply to anything you might need too. ;-)
agree phat. that's why i'm staying in the market---might be the only way to stay ahead of the game. at least our dollar is holding up. for now :)
IN a High Technology Society - Gold IS a Barbaric Relic - and an Industrial Metal.When High Technology Civilization goes away - all the Gold in the World won't save you.Got Lead?
And why would high technology go away? Before that happens, I believe there would be a system-wide reset. Though I wouldn't dissuade anyone from the heavier metals either. ;-)So, will there be a breach of the upper BB as per CG? If not today, then perhaps tomorrow? Tick Tock
Our dollar T.Berry? I would never claim that thing (except to pay bills or acquire toys and wealth). ;-)
I am dropping the idea of a failed 5th. Seems we are headed up to 18,500+.Great Scott--that will put us in position to tag an important trendline all the way back from the year 1929, Marty. It sets us up for a bear market decline of roughly 80%.
June, TBerry.And I'm down for at least a 74% collapse of equities, before the currency itself blows up.That will ROCK.
phat, don't mind using up usd's, they just keep getting stronger. cg, at some point down the road (which could be very long way out) usd will have weakness but not for a while from my 2 cents.with bad retail and jobs report today, i can't imagine the fed raising rates for a while. at most we may get .25 this year and that should not effect equities. in previous rising rate environments the first raises have been positive for equities. the timing for concern being in the mkts will be early '17 imvho. until then we will see many new tops
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