CHART OF THE DAY

21 thoughts on “CHART OF THE DAY”

Joe July 23, 2015 at 1:31 pm

Gary, recently your post says a Dow top. Now this post says dollar top. Should a topping dollar be bullish for stock markets?
1. Tom July 23, 2015 at 2:00 pm
  
  Joe:
  
  The only correlation between the dollar and anything else is what we make of it. In this manipulated market, nothing really matters. However, what investors should be eyeing is China. If China’s market resumes its crash, we are going down, down to China town.
2. gary Post authorJuly 23, 2015 at 4:17 pm
  
  It doesn’t look like the currencies are having any effect on the markets.
Bob UK July 23, 2015 at 2:02 pm

Burrito bet? Very funny – that just made me laugh out loud.
1. victor July 23, 2015 at 2:31 pm
  
  I forgot who bet it, no for burrito next time but gold coin, easy can be mailed to Gary….
Joe July 23, 2015 at 3:00 pm

Thanks Tom for the reminder.
1. gary Post authorJuly 23, 2015 at 4:20 pm
  
  I don’t remember which troll it was, but at the time he was quite nasty about expressing how wrong I was about the dollar.
  
  I just thought it was appropriate that I remind him he was the one that was wrong.
  
  Of course that troll is now hiding back under his bridge. He would never have the balls to come back and admit he was wrong. That’s how it is with trolls.
Dan July 23, 2015 at 4:20 pm

An actual uninterrupted selloff in the market today – I don’t believe my eyes. Almost time to load more gold miners.
1. red July 23, 2015 at 4:37 pm
  
  lol
felix July 23, 2015 at 4:25 pm

Scuse me, but i remember you said you were expecting a dollar index at 120…. or close .
Now 94…. ???? maybe, after that bottom you expect the rally???…. Is that right???
Felix.
1. gary Post authorJuly 23, 2015 at 4:31 pm
  
  Here is what I’m looking for.
  
  http://blog.smartmoneytrackerpremium.com/2015/07/chart-of-the-day-98.html
red July 23, 2015 at 4:38 pm

gdx or gdxj has better value now?
1. Tom July 23, 2015 at 4:41 pm
  
  Neither. Buy the individual stocks. NEM, EXK, SVLC, etc….that way you avoid fees, decay, and contango. Most ETFs do not perform the way they are supposed to.
Herman July 23, 2015 at 5:15 pm

Initiated a position in some miners again: bought SSL.TO at 3.06 (sold at 3.95 three weeks ago). AR.TO at 1.30 (sold at 1.64 three weeks ago) and TMM.TO at 0.39 (sold at 0.99 few months ago). Some panicking in these stocks today. These stocks fell between 7 to 8% today, feels like accelaration and panicking.
ken July 23, 2015 at 5:59 pm

nobody wants to buy the junk yard..
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=3&dy=0&id=p44590707578
Stefan July 23, 2015 at 6:11 pm

GLD has to spots to be consumed by markets, 100 and 140. When 100area is consumed we are heading back to 140, nice 🙂 watch the GLD carefully until it reaches 100 is my humble opinion !
jack July 23, 2015 at 6:39 pm

dollar is down. the banksters are still smashing the gold.
Dan July 23, 2015 at 8:50 pm

So much for that selloff…Nascrack already green after hours. Wonder if Denver Dave is still short AMZN.
Peter July 24, 2015 at 12:02 am

I am pretty confident in saying that May and June lows will be pierced and that the uup will be in the 24.20s.
Jay July 24, 2015 at 1:42 am

Gold is acting tonight that it wants lower! If 1080 doesn’t hold….then look out below!
Jay July 24, 2015 at 2:15 am

For those expecting a big countertrend rally in gold? http://cdn.meme.am/instances2/500x/892797.jpg

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