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    All Forums | Investments

    Gold and Silver ... gunna fall apart again ... I think!!!

    cave0707
    wallstreetcappers
    DallasLocalBook
    examine
    Forty7
    ...
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    Views: 1456
    Posts: 18
     
    cave0707
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    Posted: Oct. 18, 2011 - 12:55 PM ET #1

    Wondering if some put options are in order here for these two still over stretched plays.  I think there's some room for this to plunge to lower levels.  If the market breaks apart, I don't see these as safe havens as more hedge funds get squeezed.  Thoughts?!
    Reply
    To remove first post, remove entire topic.
    Wondering if some put options are in order here for these two still over stretched plays.  I think there's some room for this to plunge to lower levels.  If the market breaks apart, I don't see these as safe havens as more hedge funds get squeezed.  Thoughts?!
     
    wallstreetcappers
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    Posted: Oct. 18, 2011 - 2:14 PM ET #2

    If you think inflation is going away longer term then gold and silver will continue to get smacked around.

    I would love to see the combo of risk off and inflation going away, that would destroy gold and silver..back to the teens for silver and sub 1k for gold.
    Reply
    If you think inflation is going away longer term then gold and silver will continue to get smacked around.

    I would love to see the combo of risk off and inflation going away, that would destroy gold and silver..back to the teens for silver and sub 1k for gold.
     
    DallasLocalBook
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    Posted: Oct. 18, 2011 - 5:32 PM ET #3

    I do not think inflation is going away anytime soon.
    Reply
    I do not think inflation is going away anytime soon.
     
    cave0707
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    Posted: Oct. 19, 2011 - 3:28 AM ET #4

    Not so sure inflation disappears so quickly either.  Seems to me QE1 and QE2 was quite massive and the effects of it will be felt for quite some time.  But I'm not a long-term holder of anything.  I'm just not willing to buy a stock/commodity and blindly ride out every storm while my portfolio takes a big hit.  Those days for me were over March of 2000 during the tech crash.  I keep my losses to a minimum while I let my winners ride until they break apart.  My gold/silver short play is for the near to intermediate term only.  Long term wise, I think gold/silver is ok but I'm the wrong guy to ask.
    Reply
    Not so sure inflation disappears so quickly either.  Seems to me QE1 and QE2 was quite massive and the effects of it will be felt for quite some time.  But I'm not a long-term holder of anything.  I'm just not willing to buy a stock/commodity and blindly ride out every storm while my portfolio takes a big hit.  Those days for me were over March of 2000 during the tech crash.  I keep my losses to a minimum while I let my winners ride until they break apart.  My gold/silver short play is for the near to intermediate term only.  Long term wise, I think gold/silver is ok but I'm the wrong guy to ask.
     
    examine
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    Posted: Oct. 20, 2011 - 1:23 AM ET #5

    Hope you follow thru cave,

    Watching gold slide as we speak... (1615$)

    Euro market opening in about 30 minutes, should be am interesting 12 hours ...
    Reply
    Hope you follow thru cave,

    Watching gold slide as we speak... (1615$)

    Euro market opening in about 30 minutes, should be am interesting 12 hours ...
     
    Forty7
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    Posted: Oct. 20, 2011 - 10:20 AM ET #6

    When the Euro's decide to solve the bank crisis in Europe by printing money Gold will go up alot!  That is when you need to buy the puts!
    Reply
    When the Euro's decide to solve the bank crisis in Europe by printing money Gold will go up alot!  That is when you need to buy the puts!
     
    cave0707
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    Posted: Oct. 20, 2011 - 4:07 PM ET #7

    There's just no way I'm bottom fishing gold or silver in this market.  I'm short both of these.  Good luck to us both Examine!!!
    Reply
    There's just no way I'm bottom fishing gold or silver in this market.  I'm short both of these.  Good luck to us both Examine!!!
     
    cave0707
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    Posted: Oct. 20, 2011 - 4:09 PM ET #8

    I dunno if anybody should tail me on my plays as I'm short Apple and FOSL.  Most people think I'm crazy for betting against the beast ... Apple Computers.
    Reply
    I dunno if anybody should tail me on my plays as I'm short Apple and FOSL.  Most people think I'm crazy for betting against the beast ... Apple Computers.
     
    wallstreetcappers
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    Posted: Oct. 20, 2011 - 4:12 PM ET #9

    Add CMG to that list, extremely over valued, to me it will end up being a 40 buck stock. Margins are very poor and margins trump over expansion every day of the week.
    Reply
    Add CMG to that list, extremely over valued, to me it will end up being a 40 buck stock. Margins are very poor and margins trump over expansion every day of the week.
     
    cave0707
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    Posted: Oct. 20, 2011 - 4:37 PM ET #10

    Quote Originally Posted by wallstreetcappers:

    Add CMG to that list, extremely over valued, to me it will end up being a 40 buck stock. Margins are very poor and margins trump over expansion every day of the week.


    Wallstreetcappers - thatz my kinda play!!!  Any thoughts on CRM?  Look like a $80 stock?  I had a short position in this while back.  I'm thinking about doing this again.  Round 2.
    Reply
    Quote Originally Posted by wallstreetcappers:

    Add CMG to that list, extremely over valued, to me it will end up being a 40 buck stock. Margins are very poor and margins trump over expansion every day of the week.


    Wallstreetcappers - thatz my kinda play!!!  Any thoughts on CRM?  Look like a $80 stock?  I had a short position in this while back.  I'm thinking about doing this again.  Round 2.
     
    cave0707
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    Posted: Oct. 20, 2011 - 4:41 PM ET #11

    My stupid broker didn't have any shares available to short ancestry.com awhile back.  Talk about pissed when I look at that stock now.  Oh man, furious!!!
    Reply
    My stupid broker didn't have any shares available to short ancestry.com awhile back.  Talk about pissed when I look at that stock now.  Oh man, furious!!!
     
    wallstreetcappers
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    Posted: Oct. 20, 2011 - 4:56 PM ET #12

    CRM is the same but you could be sitting on a loser for two years before it works itself out.

    Once CMG slows expansion the stock will get creamed.
    Reply
    CRM is the same but you could be sitting on a loser for two years before it works itself out.

    Once CMG slows expansion the stock will get creamed.
     
    cave0707
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    Posted: Oct. 20, 2011 - 5:02 PM ET #13

    I wonder if their expansion or future store openings data is available in da 10k.
    Reply
    I wonder if their expansion or future store openings data is available in da 10k.
     
    wallstreetcappers
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    Posted: Oct. 20, 2011 - 6:08 PM ET #14

    Quote Originally Posted by cave0707:

    I wonder if their expansion or future store openings data is available in da 10k.

    I dont know if they put out major long term expansion info, but they will keep expanding which will power sales growth, but until I see margin growth it will end up like all other similar companies.
    Reply
    Quote Originally Posted by cave0707:

    I wonder if their expansion or future store openings data is available in da 10k.

    I dont know if they put out major long term expansion info, but they will keep expanding which will power sales growth, but until I see margin growth it will end up like all other similar companies.
     
    cave0707
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    Posted: Oct. 25, 2011 - 12:54 PM ET #15

    gold and silver ... OUCH
    Reply
    gold and silver ... OUCH
     
    examine
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    Posted: Oct. 25, 2011 - 3:45 PM ET #16

    I follow this Franklin Sanders on www.goldprice.org

    He is not prefect but his commentary is decent, he posted this on friday :


    (part of his commentary)

    Get ready for a 180 degree turn on gold, at least in the short-term. I looked at the chart this morning and LO! There's a large left shoulder (Tuesday), a head (Thursday), and the beginning of a shoulder above $1,635. It measures out a 50 point rise from $1,665, to $1,715, if I have identified it correctly. After that rise I expect more downside, but if gold can pierce $1,800 and hold its ground, then the tide has turned.


    Like i said he is not perfect but predicted a big fight to get over 1700 weeks ago, saying that there would be a lot of back and forth (there was) and he also thinks that gold will hot near 1800 $ and drop back down again (said that a couple of times last week)

    Reply
    I follow this Franklin Sanders on www.goldprice.org

    He is not prefect but his commentary is decent, he posted this on friday :


    (part of his commentary)

    Get ready for a 180 degree turn on gold, at least in the short-term. I looked at the chart this morning and LO! There's a large left shoulder (Tuesday), a head (Thursday), and the beginning of a shoulder above $1,635. It measures out a 50 point rise from $1,665, to $1,715, if I have identified it correctly. After that rise I expect more downside, but if gold can pierce $1,800 and hold its ground, then the tide has turned.


    Like i said he is not perfect but predicted a big fight to get over 1700 weeks ago, saying that there would be a lot of back and forth (there was) and he also thinks that gold will hot near 1800 $ and drop back down again (said that a couple of times last week)

     
    StraightShooter
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    Posted: Oct. 27, 2011 - 1:23 PM ET #17

    In the past week gold has gone from $1614 to $1745 and silver has gone from $30.30 to $35.25

    Reply

    In the past week gold has gone from $1614 to $1745 and silver has gone from $30.30 to $35.25

     
     
    cave0707
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    Posted: Oct. 27, 2011 - 3:34 PM ET #18

    Yeah, these gold and silver shorts are not working for sh*t.  Cut em loose.
    Reply
    Yeah, these gold and silver shorts are not working for sh*t.  Cut em loose.
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