Welcome back Roger
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Ditto!! Awesome to have TR back on a regular basis.
Glad you both approve!
Me too Al
Someone bought more than 1.4m GDXJ shares at 17:45, maybe the same who sold the GDX.
Thanks for the heads up Peter!
Hello Peter,
I have been very curious about this late trades w. big volumes, esp. due to the fact that after close, volume typically dries.
FWIW, I’ve asked a trader who makes 7 figures a year trading equities with this own money (I guess 7 figures a year gives to his views/insights some sort of credit :-), what he thought these trades could be. His views are that the trades are:
1) market on close type of orders
or
2) late trade reporting from market makers [can happen and is legally allowed under some circumstances]
I would tend to think, on this basis, that the large trades we see after the close fall into this 2) category. These are my views, fwiw.
Best to you,
LPG
My first sentence should have read as:
I have been very curious about THESE late trades RECENTLY w. big volumes […]
Apologies for the typo.
Best,
LPG
Glad you approve! He is a good guy!
This is 1929, all over, it’s totally out of control.
Oil prices are breaking down because the managed economy that they have tried to impose on us with OPEC in the 1970’s and the petrodollar won’t work anymore, they have lost control of the market place and that is what is exciting. Commodities should never be regulated by restrictive pools to control the price.
Prices artificially maintained by pools always leads to overproduction which becomes more dangerous the longer it goes on. Stocks of these commodities become accumulated at a rate out of proportion to their consumption. When the pools break down they are no longer supported by the market and prices fall disastrously.
Yen is 120 now. After that Japan better stop this, otherwise Yen is going to collapse. What a kamikaze attack. They think they own reserve currency.
Great to hear Trader Rog back on the program. And just in time. As the world goes to hell in a hand basket, it’s reassuring to have Roger explain it all to us. Welcome back!
Interesting comments from Peter Grandich:
http://moneytalks.net/peters-content.html
Great to have Trager Rog back on the show! I find that the more views we can get the more education we receive.
Looking forward to Roger’s review of commodities, the general markets, currencies, and his experience in recognizing short to mid term patterns.