The intraday swing in the market feel very “distributive”
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Thanks John. Merry Christmas to you too!
Info for those holding IAG…..chairman and co-founder William Pugliese has sold 40% of his stock..he has previously dumped 1.47 million shares..not a good sign….
Thanks for the note Gator. It is never a good sign when management does that amount of selling. Sometimes the individual has some personal reasons to sell but it still does not paint a rosy picture for investors.
I personally do not hold any shares of IAG.
Short sale.
Taking losses on oil.
Exposed to the Canadian housing bubble.
Yup, I appreciate hearing that too. This kind of selling after such steep YTD declines suggests trouble on the inside. The timing is terrible too from so many angles. Mind you, we could theorize all day and not know for certain. Maybe he has a lot of bills to pay or he got divorced and has to pay out the wife…….
I keep telling my son’s if you get married make sure the woman can support you.
Good call!
Not a good call, Bird, but a great call!
Oil has now hit 58.96. It has already corrected more than gold since 2011 (54% vs. 41%) but not as much as silver (-72%). However, silver has outperformed oil (and gold) in that it has found support (so far) at a level that is 68% above its 2008 low (66% for gold) while oil has bounced from a level that is just 59% above its 2009 low.
One good thing about oil is that things will play out much quicker than gold and silver due to lack of above ground inventory. We will know bullish or bearish very soon.
I think oil will remain bearish vs gold for years (though not short term), but I think it can/will rise vs the dollar.
It has to rise quicker than inflation so companies can make money. Also we need to diversify. Oil is one of those areas.
Yes it is, but perhaps not quite yet. Or if you believe this is a bottom than now is the time!
Thanks for the observation
The river card is about to be played
I call that…….being up a creek without a paddle…………….
Gold looks like is about to make a mover higher but the rally is not likely to go far. Oil is just doing a correction that was expected from 55. UYM materials etf is at an attractive price to buy.
Polite form: ‘Price Managers’
Putin called the Chinese today. They agreed on a massive Treasury dump together.
Problem solved. Buy RSX, dump the dollar, and hope that a GOP never gets back in the white house to shoot down the Chinese. WW3.
Got a source on that?
You guys are great…I really enjoy listening to the comments….Keep up the good work.
MERRY CHRISTMAS.