Comments on: Ouch! http://www.1stMillionAt33.com/2007/01/ouch/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: Rich Slick http://www.1stMillionAt33.com/2007/01/ouch/comment-page-1/#comment-2141 Rich Slick Thu, 04 Jan 2007 21:42:51 +0000 http://www.1stMillionAt33.com/2007/01/ouch/#comment-2141 Some how, I think the big boys always know what that report is going to say and act accordingly ;) If the Fed cuts rates the dollar may drop and PMs might go up BUT it might also mean that the bull market in commodities is winding down if the economy is winding down and that will drive PMs down. I guess there are too many ways to look at it. Some how, I think the big boys always know what that report is going to say and act accordingly ;)

If the Fed cuts rates the dollar may drop and PMs might go up BUT it might also mean that the bull market in commodities is winding down if the economy is winding down and that will drive PMs down.

I guess there are too many ways to look at it.

]]> By: ML http://www.1stMillionAt33.com/2007/01/ouch/comment-page-1/#comment-2140 ML Thu, 04 Jan 2007 18:53:04 +0000 http://www.1stMillionAt33.com/2007/01/ouch/#comment-2140 Mondy vs. Debt I don't follow the fundamentals of each company that closely to be comfortable with the juniors and exploration companies. The more sizable names with strength are AEM, AUY, GG, KGC and EGO for gold and SSRI, HL for silver. Rich Slick Actually the PMs rolled off before the Fed minutes came out, even the Dow started rolling off before then. It was a very strange day. I think PMs were weak due to the general weakness in commodities. FCX was a big drag for days. AEM with a lot of zinc production was hurting yesterday. You need to explain the lower rates thing to me. I believe cutting rates will likely drop the dollar which is good for PMs. I agree with Frugal that the weakness will continue a while longer although in my mind this could still be part of the consolidation noted here http://www.1stmillionat33.com/2006/12/crossing-the-line/, the alternative is of course a retest of 270-280. My trading is for "emotional management" only. It's a small portion of the overall position. Mondy vs. Debt
I don’t follow the fundamentals of each company that closely to be comfortable with the juniors and exploration companies. The more sizable names with strength are AEM, AUY, GG, KGC and EGO for gold and SSRI, HL for silver.

Rich Slick
Actually the PMs rolled off before the Fed minutes came out, even the Dow started rolling off before then. It was a very strange day. I think PMs were weak due to the general weakness in commodities. FCX was a big drag for days. AEM with a lot of zinc production was hurting yesterday.

You need to explain the lower rates thing to me. I believe cutting rates will likely drop the dollar which is good for PMs.

I agree with Frugal that the weakness will continue a while longer although in my mind this could still be part of the consolidation noted here
http://www.1stmillionat33.com/2006/12/crossing-the-line/, the alternative is of course a retest of 270-280. My trading is for “emotional management” only. It’s a small portion of the overall position.

]]> By: Frugal http://www.1stMillionAt33.com/2007/01/ouch/comment-page-1/#comment-2133 Frugal Thu, 04 Jan 2007 04:13:33 +0000 http://www.1stMillionAt33.com/2007/01/ouch/#comment-2133 Definitely not a good day for PM. My job does not allow me to have any time to be agile in the market. I guess I should have seen this coming, especially with Britain preselling before US market in the PM market. Looks like another substantial dip is coming. Definitely not a good day for PM. My job does not allow me to have any time to be agile in the market. I guess I should have seen this coming, especially with Britain preselling before US market in the PM market.

Looks like another substantial dip is coming.

]]> By: Rich Slick http://www.1stMillionAt33.com/2007/01/ouch/comment-page-1/#comment-2132 Rich Slick Thu, 04 Jan 2007 02:28:09 +0000 http://www.1stMillionAt33.com/2007/01/ouch/#comment-2132 Hey I've been blogging about PM for months now! Trading GDX via covered calls has been exceptionally good for me. Anyway....good observations frugal. I think what set PMs off was the FED's gloomy report about housing and the economy. Looks like they may cut fed rate and that will hurt PM in the short run. Long term I'm gold bullish. GDX is looking good but I'll wait and see. Hey I’ve been blogging about PM for months now! Trading GDX via covered calls has been exceptionally good for me. Anyway….good observations frugal. I think what set PMs off was the FED’s gloomy report about housing and the economy. Looks like they may cut fed rate and that will hurt PM in the short run. Long term I’m gold bullish. GDX is looking good but I’ll wait and see.

]]> By: Money VS Debt http://www.1stMillionAt33.com/2007/01/ouch/comment-page-1/#comment-2131 Money VS Debt Thu, 04 Jan 2007 01:41:25 +0000 http://www.1stMillionAt33.com/2007/01/ouch/#comment-2131 Geesh finally someone else who talks and posts about the Gold and Silver market. I've been reading tons of PF blogs since at least August and you're one of the first to actually talk about Gold and Silver. So Koodoos. Also wanted to know what your top mining stocks are? I used to own Staccoato Resources (CAT.ca), but finally sold out of it because it went up high enough for me to take a reasonable loss. The dang thing jumpped up and down to much for my nerves. So any suggestions? Geesh finally someone else who talks and posts about the Gold and Silver market. I’ve been reading tons of PF blogs since at least August and you’re one of the first to actually talk about Gold and Silver. So Koodoos.

Also wanted to know what your top mining stocks are? I used to own Staccoato Resources (CAT.ca), but finally sold out of it because it went up high enough for me to take a reasonable loss. The dang thing jumpped up and down to much for my nerves. So any suggestions?

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