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Excuse me for being a right numpty here Gary, but are you including oil in this as well?
As I have mentioned in other posts my own personal gut feeling – hey, gut feelings work too 🙂 – is that oil is going to bottom somewhere around here and 4oish. OK, it might break 40 a tad but I don’t see the 35 bucks that so many people are talking about.
Hence I am looking at oil resource companies now as I just think that in 6 to 12 months from now oil is going to be much higher and so will be the oil resource stocks also… in my humble non expertise view.
🙂
Oil is the main component driving the CRB. When it bottoms the rest of the commodity complex will bottom also.
Oi is showing the same divergence on the weekly charts.
I am 100% committed as of today in both my swing and position trades… long $JNUG, $NUGT, and $GDXJ and Jan 17 calls on $NUGT.
This is as good as it gets if you have been waiting for 5 years to be long gold.
Same.. I bought some shares of NUGT at $3.25 and I’m waiting for a new low to add to my current position. Just make sure you keep a close eye on your ‘stop-loss’ cuz those Mother F*ers will whip your ass into shape!
The MACD is nowhere close to the 2008 low. A long ways to go.
LOL oil would have to go to virtually 0 to reach that same level on the MACD.
I tend to think oil probably isn’t going that low as it is the single most important commodity in the world.
wow. we are really reaching here. lol
I’d wait for a flush to 950-1000 gold before going all in. It’s still too risky. Holding 15% in juniors for now.
WE might get a flash crash to 1030 but I have my doubts about getting to sub 1000 during this intermediate cycle. We are already on week 20 and the daily cycle is on day 43.
100% committed to Jnug and among other high risk investments? What was it that Greenspan said again? Something about irrational and insolvent?
Bernanke once denied the existence of a housing bubble..
Need I say more?
actually, Greenspan got that from John Maynard Keynes.
Why bet heavily against the trend. The trend in miners is down and nothing had changed. Be careful.
I think its time to take a contrarian trade.