**OFFICIAL** Trading and Investing Thread- Part -VIII-

[badbart]

Whenever the internet gold chodes start getting excited its probally a good time to short gold.

[American Psycho]

And you said you knew what you are doing. Option liquidity and the spread are a very important part of option trading.

Don't believe I said I knew what was going on and actually asked for some help. I make the right calls, the liquidity is there. It's the margin bull****.
When the market price is higher than what I paid, why shouldn't you be able to dump it at the bid? Makes zero sense in a fair world. But the world is full of greedy fat cats and I'm taking them all to court one day and will be known as a man of the people, a hero if you will.


cool stony bro

[woodbarry]

Does anyone know why on the TGA dividend I have it says that some money was taken as "foreign tax withheld"?

[xRedStaRx]

gold isnt useless, first and foremost its the only real money currency left in the world. You love your paper money, ill love my gold. just ask the russians who own gold how useless gold is when their currency has collapsed by 50%. or ask canadians like myself who own gold that has protected their wealth from a 20% drop in the canadian dollar in the past year. but like I said im a speculator, when gold and gold stocks become expensive I will move onto something else. when the usd collapses like the rouble, ull wish you owned some real assets IF you have any assets

You've said absolutely nothing of substance.

Explain to me it's value in simple English that a layman can understand, more importantly, why is it becoming cheaper in an EXPANDING global economy.

lol no intrinsic value? what a crazy statement you either know absolutely nothing or have an agenda. bitcoin, has no intrinsic value, gold on the other hand is used in electronics, ********* etc. paper money has no intrinsic value, you cant even wipe your ass with it.

You've got it the other way round. See, gold has no intrinsic value, because it's actual use as raw material is insignificant, so it's historical value was a result of a gold standard, due to it's sparse supply, currency production, and pretty colors. With more than 95% of the world's currency in electronic record, the use of gold has become effectively worthless, besides it's ability to conduct electricity and transfer information efficiently. It has a negative beta, so that might work against a crashing economy, but then again, it's turned into a worthless physical asset in the 21st century. You're better off hedging by rolling futures in softs or livestock.

Gold bull checking in. Just lol at the unawares that worship fiat currency.

Hi Grandpa, you don't trust banks with your money, and computers will enslave mankind, amiright?

[GabrielNovar]

Might take a 15-25% in select E&P companies soon. Been on the watch and maybe after this qtr earnings we see a purge and scoop up the pieces. 5-10 years out they seem like seem extremely attractive.


edit: however I think we need to see a bankruptcy scare to finally zero in on a bottom

[Drhunglow]

Does anyone know why on the TGA dividend I have it says that some money was taken as "foreign tax withheld"?

Cause you ain't 'murican and didn't sign your W8-BEN?

[woodbarry]

Cause you ain't 'murican and didn't sign your W8-BEN?

Naw I am 'Murican and I don't have that happen with my Ford dividends. Is it because TGA is Canadian or something?

[GhostCat]

gold - need to build infrastructure, create jobs, fuel other industries

fed - print candy wrappers as needed

[TODJA77]

So precious metals have been valuable in humanity for the past several thousand years, but you believe that all of the sudden now is when they stop being valuable? not sure if srs, everyone thinks that Judgement Day will happen in their life time, but it never does.

And on that note, is anyone besides me raking in the dough today with SLV (up 1%), NEM (up 3%) and NUGT (up 15%)? NUGT alone is up 40% since I mentioned it a week ago.

Took your advice on NUGT first thing this morning. You sir are a genius

When are you exiting though? I'm afraid to hold this thing overnight lol.

[Tomiesto]

No one gives a phukk about poor me and my Silver

wat do???

[thetrebel]

No one gives a phukk about poor me and my Silver

wat do???

I thought I replied to you ? maybe it was someone else

Like I said before if you really need the cash then sell it. If you can hold then hold. Unlike jack3d guy I don't know when the bear market will end but I do know that currently gold and silver are in a bear market. Could that change in the next year? Maybe, but no one can predict the future. So we have to base are decision's on what is happening now.

[badbart]

I thought I replied to you ? maybe it was someone else

Like I said before if you really need the cash then sell it. If you can hold then hold. Unlike jack3d guy I don't know when the bear market will end but I do know that currently gold and silver are in a bear market. Could that change in the next year? Maybe, but no one can predict the future. So we have to base are decision's on what is happening now.

Stop using common sense.

[Barn01]

Stop using common sense.

I agree, it has no place in the investment world. Wait actually it does but common is a relative term and the information we view as "common" is not the same info that is considered "common" among those who actually hold enough capital to move the markets in the direction of their common sense.

Once again information is the real power.

[Venom08]

Common sense is actually what makes you lose money in the stock market. What you think is common sense about what a stock should do doesn't mean that it should or will do that.
That's why I follow trends. Currently precious metals have been acting very bullishly and are in an uptrend. That's why I'm long. I swing trade, for a long-term multi-year hold, I would need certain levels on SLV and NEM to break for me to hold for the LT. But for now, you can be very profitable with PM longs.

As for oil, watch for the USD to start selling off before jumping into any long-term long positions.

[bee su]

dude, gold stocks been up for a week or 2 ago or 3. jnug for example is already at or near doubled since the reverse split. yes, key date that was taken advantage of. still looking for an entry here after last sell.

gold itself has risen and fallen but has continually fallen lower. fooking trash.

thanks for reading.

[Venom08]

/SI (silver futures) going ballistic. Yes, don't bother with entering precious metal longs........

[jackedguy87]

My USD is not all cash ... is that what you think I meant? If I was to hold gold then I'm stuck with sitting on a metal with little utility and I'm praying people still want to use it and call it money. When I hold USD I can buy securities in USD and make the money work for me. I don't like to pay FX spreads when converting so I just keep a large USD account to trade in.

gold is a currency...you compare it to other currencies not general electric. gold has been money for thousands of years, and will always be money. unlike the fiat currencies you love they are all heading to, and always have headed to their intrinsic value which is zero. its far more likely ppl will eventually stop wanting dollars instead of gold.

even though u.s. stocks have been on a tear and btw are the most expensive theyve ever been in history, gold/silver have still outperformed u.s. stocks by about 4 times since the commodity bull market began in 2000. the dow is up about 80% in nominal terms from the year 2000, gold is up over 400%.

nominal gains mean nothing, what matters are gains in real terms. price stocks in gold and ull see the loss in purchasing power.

now gold mining stocks their value is obvious...gold supply is falling, demand is increasing, and the industry needs the gold price above $1200 to operate at a profit or supply falls and prices rise....no brainer. we are also getting peak gold in 2015.

[jackedguy87]

dude, gold stocks been up for a week or 2 ago or 3. jnug for example is already at or near doubled since the reverse split. yes, key date that was taken advantage of. still looking for an entry here after last sell.

gold itself has risen and fallen but has continually fallen lower. fooking trash.

thanks for reading.

to break the downtrend we need to close above $1250 so this week is important we just might blow right through it. The risk is to the upside here not the downside. what you described is called a correction, it can either be swift ( like whats going on in oil) or last years like whats been going on with gold. point is gold is ending the year up and I think by at least 10% ive always said I think these next few months will be bumpy there could be one last sell off in the cards lets see where the current rally takes us!

up 5% ytd while u.s. stocks are down 1% so a great start to the year

[xRedStaRx]

gold is a currency...you compare it to other currencies not general electric. gold has been money for thousands of years, and will always be money. unlike the fiat currencies you love they are all heading to, and always have headed to their intrinsic value which is zero. its far more likely ppl will eventually stop wanting dollars instead of gold.

No, no, and no.

we are also getting peak gold in 2015.

Quoting this on 30/12/2015.

[lolbro]

For options - read Cottle's book it's been recommended before.

[Barn01]

gold is a currency...you compare it to other currencies not general electric. gold has been money for thousands of years, and will always be money. unlike the fiat currencies you love they are all heading to, and always have headed to their intrinsic value which is zero. its far more likely ppl will eventually stop wanting dollars instead of gold.

even though u.s. stocks have been on a tear and btw are the most expensive theyve ever been in history, gold/silver have still outperformed u.s. stocks by about 4 times since the commodity bull market began in 2000. the dow is up about 80% in nominal terms from the year 2000, gold is up over 400%.

nominal gains mean nothing, what matters are gains in real terms. price stocks in gold and ull see the loss in purchasing power.

now gold mining stocks their value is obvious...gold supply is falling, demand is increasing, and the industry needs the gold price above $1200 to operate at a profit or supply falls and prices rise....no brainer. we are also getting peak gold in 2015.

Pls stop, you must be drunk or high.

I didn't say gold was like a stock ... pls show me where I said that. I said that my money has better appreciated potential when invested in stocks vs gold. Gold isn't money to me, I can't go to the store and buy a sandwich with a gold nugget jackass. Gold requires converting to cash before you can associate it with purchasing power. Fiat currency going to zero? Ummm not in my lifetime. You do realize that most of the money in the world today is fiat right? Brb all countries go broke regardless if they are profitable nations .... what?

I will never want to hold physical gold, it's heavy and a liability to own.

Prices are falling because demand is falling ... what part of that don't you understand. So if miners stop producing because the demand is weak then guess what .... that actually makes sense! Imagine if NOBODY ever wanted another bar of gold in the world. Miners would all shut down. So somewhere along that process there has to be the first few miners drop out.

[badbart]

Pls stop, you must be drunk or high.

I didn't say gold was like a stock ... pls show me where I said that. I said that my money has better appreciated potential when invested in stocks vs gold. Gold isn't money to me, I can't go to the store and buy a sandwich with a gold nugget jackass. Gold requires converting to cash before you can associate it with purchasing power. Fiat currency going to zero? Ummm not in my lifetime. You do realize that most of the money in the world today is fiat right? Brb all countries go broke regardless if they are profitable nations .... what?

I will never want to hold physical gold, it's heavy and a liability to own.

Prices are falling because demand is falling ... what part of that don't you understand. So if miners stop producing because the demand is weak then guess what .... that actually makes sense! Imagine if NOBODY ever wanted another bar of gold in the world. Miners would all shut down. So somewhere along that process there has to be the first few miners drop out.

Just wait until QE 5 will be here any day now.

[GabrielNovar]

Scaling out of MA calls.......not bad for a days work.

Should be 88-90 Short term. but can't complain with profits

[American Psycho]

Bought JNUG at 16.6 yesterday, sold today 18.05, put in order today above highest bid at 16.55 and watched it get passed right over.


Have 5.9k buying power, try to put my ****ing amazon options they just dicked me over with an upgrade into winning position with a buy that costs 1600, buying power turns up (1,500)


Potential T Reg Calls when it's not even in the same ballpark.


Someone out to get me brahs. what do?

[KevVandersloot]

Bought JNUG at 16.6 yesterday, sold today 18.05, put in order today above highest bid at 16.55 and watched it get passed right over.


Have 5.9k buying power, try to put my ****ing amazon options they just dicked me over with an upgrade into winning position with a buy that costs 1600, buying power turns up (1,500)


Potential T Reg Calls when it's not even in the same ballpark.


Someone out to get me brahs. what do?

JNUG at 16.6? What trading platform are u on?

[American Psycho]

JNUG at 16.6? What trading platform are u on?

NUGT my bad. Got the order in anyways at the price but wrong timing and missed out on the big pump. Got the 3 daytrades back today so still got a positive outlook on that but been flippin it and apple like an insider. Probably buy some more if it goes any lower.




Still tho, right now instead of letting me take a 500$ profit, can't sell AMZN strangle that causes no risk cause message "illegal -1 shares," but the shares are right there and available to trade. Do you know what's going on with that? Worked that well but will likely eat a $180 loss when gains are right there but for whatever reason cannot capitalize. These iron condors are easy money when you don't buy thousands of Amazon shares you can't afford lol...

Real talk they want incredible amounts of margin when there's no risk, and then little margin when there is a legitimate chance of blowing up the account. Not sure if I'm missing something or if it's just another retail investor trap.



AUD/JPY bout to hit the dirt.

[GabrielNovar]

dodged a huge bullet today. markets really look like they are on the verge of a collapse lol

[KevVandersloot]

NUGT my bad. Got the order in anyways at the price but wrong timing and missed out on the big pump. Got the 3 daytrades back today so still got a positive outlook on that but been flippin it and apple like an insider. Probably buy some more if it goes any lower.




Still tho, right now instead of letting me take a 500$ profit, can't sell AMZN strangle that causes no risk cause message "illegal -1 shares," but the shares are right there and available to trade. Do you know what's going on with that? Worked that well but will likely eat a $180 loss when gains are right there but for whatever reason cannot capitalize. These iron condors are easy money when you don't buy thousands of Amazon shares you can't afford lol...

Real talk they want incredible amounts of margin when there's no risk, and then little margin when there is a legitimate chance of blowing up the account. Not sure if I'm missing something or if it's just another retail investor trap.



AUD/JPY bout to hit the dirt.

Idk why you wouldn't be able to sell one side of a long stangle. You should be able to sell the profitable side and let the other side expire worthless. Or capitalize on it when the stock reverses, which could be later today lol.

All I know is this market is fukking crazy! I leave the house before lunch and we're up 200+ points... Come back home and we're in the red.

On these charts for the first part of the day QQQ and NUGT were like running opposite of each other. Then they both fell off a cliff.



It's a day trader's market that's for sure.

[KevVandersloot]

dodged a huge bullet today. markets really look like they are on the verge of a collapse lol

Lol I bought QQQ calls on Friday @ .25. Watched them go today from .07 to .30 before I left the house. Came back and they're now at .04.

[GabrielNovar]

Lol I bought QQQ calls on Friday @ .25. Watched them go today from .07 to .30 before I left the house. Came back and they're now at .04.

market is insane, I am sitting in cash until clarity happens. This is a monster reversal.

edit: IBB me gusta