Sectors to watch and the make up of the precious metals market
Chris Temple from the National Investor chats with Cory about different sectors within the broad markets that are of interest to him. If you believe that the markets are going to continue through this rolling topping formation than money will be reallocated to different sectors providing an investing opportunity. We also discuss the makeup of the metals markets and how Chris thinks we are experiencing more of a 1970’s style market then the early 2000’s.
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My portfolio of “micro mini” miners quadrupled from their January low by May and are just one percent away from that high right now. I’m talking about the average of more than twelve miners.
Ever notice that all the wealthiest players in the sector like them too?
Matthew, you have lost credibility and anything you claim
should not be construed as the truth.
So, you just decided to sell all of your previous positions
at the highs in the last 2 years after posting bullish comments
in the same time frame and decided all in perfect timing you
would buy the miners at their very lows.
You must have been invested during the declines and the big
gains are invalid. Please don’t claim you had perfect timing
and you avoided all the steep declines. I know for a fact the
latter in untrue and you must have had carry forward losses
on paper. So, which is it. Perfect timing or did you carry forward
losses ???
If you weren’t so ridiculously emotional, maybe you would have notice that I already told the other day that I did have substantial losses in core positions. That doesn’t change the fact that I also had huge gains during the bear – both speculative and trading gains.
To lose credibility with you is something any honest person should be proud of.
Good luck with your world war.
Emotion has nothing to do with the facts. The fact is, you did
have losses. All these speculative trading profits are to be
taken with a grain of salt. Maliciously and disrespectfully you
do not hesitate to call people derogatory names. If you don’t
prevail in a debate you will go as far to being deceitful.
Nothing you say can be taken seriously at all. You can ignore
a major war at your own peril. Dream on !! Good day !
I recall Mathew disagreeing with Bird on a call recently, Mathew got it, Bird missed it.
Bird missing a drop call is kinda rare but Mathew got that one, I could be wrong I dont intend to put words in Mathews mouth but I think he figures we going up a ways from here.
Bird I think figures golds not going higher than 1306? about?
and is coming down.
Doc yesterday was saying gold down for awhile after this pop.
Personally Im not sure, not that I ever am.
Seems to me we have people betting on both directions, whats new? lol
TJ/HH You’ve earned the names I’ve called you.
You can ignore a bull market at your own peril. 🙂
Considering the source.
Words coming from you Matthew are negligible and
meaningless.
Here ya go TJ, now show me where you’ve called anything correctly…
Sorry Matthew, I do not speculate in short term market
movements. For a very good reason. I was precisely
accurate in the gold decline that was a bull trap several
weeks ago.
However, traders are welcome to speculate as they please.
Like yourself. You receive credit on this rally. Very predictable
but not something I can achive the ultimate risk/reward I’m
looking for. A bounce was due. Period.
My trading rules are contingent for 100% success only. I do only
big block trading.
I don’t need to trade but seldom. The risks are too high trading all
these short term market movements. A lot of them I can predict
but is not in my comfort zone. Right now short term in gold for
me is almost a wild guess. Its not something I would trade anyway.
Be my guest if traders are successful. IMHO
b, I think you misunderstood what Birdman predicted.
I could go dig up the post. It was a few days ago.
Birdman said gold may possibly rally all the way
back to $1290 give or take a few. I don’t remember
the exact number but certain it was close to $1290.
He knew gold would have a bounce and that was to
be expected. IMHO its not over just yet.
Right now I’m not predicting anything. Short term
volatility is sometimes impossible to forecast.
Robert Moriarty needs to tune in to Chris Temple more often than not.
Your micro mini start up miners that you touted Robert are nothing to
right home about. Maybe some did fairly well but it wasn’t what people
had their hopes in. Much more hype than not. Many lost a lot of money
in that junk last 5 years. Last year was a real loser and losses were deep.
Thats changing now but many investors got destroyed.
I, on the other hand realized in the last 18 months to stay out based on a
collapse I even publically posted would happen on this site. I warned
HUI would collapse. It was cut in half.
We have a lot of unsettled business in this world right now. Monumental
debt, historical leveraged financial instruments and a devastating future
war just to name a few. The future is completely unstable and impossible
to predict. We are all standing on the edge of a cliff. All these predictions
I’m not only forecasting will be rendered useless but also a completely
waste of time until this world has settled a lot of unfinished business that
is staring right at us. You need to understand that first Robert or get in back
of the line.