Rick looks at the conventional markets and the precious metals
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May I suggest you change your Depends James!
Something like that maybe ???????https://www.youtube.com/watch?v=jllJ-HeErjU !!!!!!!!
Yep, buy the dip!
Well, The Greater, nobody saved it today!
i guess that would be funny if i had a clue what it has to do with my post…
Interesting interview. I had also just commented on the thought that margin was playing a role in todays declines. I think it is in progress now and part of that would have to do with how badly some of the momentum stocks have performed lately. We cannot just look at the aggregate of the averages and assume all is ok if in the background one sector or type of stock is showing signs of weakness. And after all, where might we expect the trigger point to emanate from that would be the source of a more persistent decline? Generally it is going to start from where stocks are the most overpriced and overbought before impacting other areas. I also noticed the breach of some key technical points today that Rick has pointed out and they suggest another down day lies ahead. But is it the start of a larger correction? It may well be given that precious metals performed as they did this morning. That was not an auspicious start to the week especially if margin is playing a role in the current declines.
i believe in 2008 gold was a victim of its own success when investors sold gold to raise cash and cover margin calls.
i am not convinced the same thing would happen this time if we see another market crash.
there is a lot of margin out there, however i think gold has laready been so washed out its downside could be limited.
perhasp this in another scenerio with a 50% probability. just a thought
Margin is the biggest risk gold faces in a correction, James. The same thing plays out again and again every time there is a big correction or crash and too many guys were levered up to the eyebrows. They don’t just dump gold either. Everything in a positive position is fair game to cover whatever else is in a loss. Its just human behavior to want to get away at break even or better. My bet is gold would not stay down long though. It should be first to rise.
no last hour rabbits pulled out of hats this time
the nasdaq tried to make a comeback bit it faded
the propaganda on cnbc now is “it could have been worse”
the shills and cheerleaders will keep telling you to buy the dip
put a fork in this market!
The banks are eyeing the safety deposit boxes, wink, wink, nudge, nudge. DT
Joke or serious? And, is that just an opinion or have you heard something?
I read something very recently on 321gold, in fact they had two articles on this subject. DT
Russians have the right to vote but does it mean anything, it certainly allows one to go to the ballot box but what about Americans. DT
I am not sure margin will play as big a role in taking gold down as it did in 2008.
The reason – the last few years all we’ve heard was that gold was going from the west to the east into strong hands in China.
They don’t intend to sell what they’ve worked so hard to get.
And if margin did take gold down the Chinese would be more than happy to accumulate more.
This is a possibility IMHO
the last hour in stocks will once again see if someone steps in to magically support these markets.
its all fixed.
the stocks boys will keep telling you to buy this dip while the smart money exits through the rear door
gold doing nothing on a day it should be up $30
this is so rotten it stinks
i smelled a lot of manure during my race track days but nothing compares to this crap