commodity time

[wallstreetsedge]

some of you may know, i was bearish on all commodities for the past several weeks, i think its go time!

everything from oil to coal to metals

lets start buying!!!

[Jimmy058910]

You think oil bottomed?

[DestinRealtor]

Took a position in AUY today. Come on gold!

[wallstreetsedge]

temporarily... but for the long run i think oil goes to $75 before it goes to $200

[john_for_u80]

some of you may know, i was bearish on all commodities for the past several weeks, i think its go time!

everything from oil to coal to metals

lets start buying!!!

haha

lol

temporarily... but for the long run i think oil goes to $75 before it goes to $200

I hope it runs up fast in near term. I can sell some of my commodity related stock on bounce.
I would love to buy airliners and Ultra short oil (DUG/DTO) when Oil runs up!

[madcowdisease]

If the S&P and DJIA look like they will give back their recent gains you will see the big money guys rotate back in to commodities. I doubt it will be an extended rally since the manipulation story is over. But we could se a short term bounce if the institutional guys get scared and look to book gains in the S&P and Dow - they'll need a place to go with that cash.

[john_for_u80]

I don't think Metals like Gold, Silver and platinum market will get over. This market will live forever and will never break down. Gold coming from 1000 to around 800 does not tell us that it goes to 500-600 :)
If it goes then watch Asian markets who will be loading the sea big time(boat is too small :)) because even poor people in those countries will start to buy some position in gold.

These metals have great demand in Asia, not only in form of investments but also in form of jewelery(big time) which people keep with them forever till they die and pass it on to their next generation later.

http://www.bloomberg.com/apps/news?pid=20601091&sid=ajiaqWJO7Tqw&refer=india

Starting a small position in gold/silver/platinum for a longer term investement is the best chance to do so from now.

Out of topic: No matter what dollar does in a year or 2. Gold will move higher. Let China and India be one of the superpowers in coming decades then I would be glad to see how US alone manipulates the market ;)
Also never underestimate those Saudi Arabs who have Oil, they invest lot in gold too! To be frank, keeping plain $$$ in bank account is such a waste people can ever do! I know one Doc who has invested his money into gold since the time when gold was around 300-400, that guy hardly keeps $$ with him. He buys gold when it dips big!

I am currently a student but when I make good money, I will start to pour some part of my income into precious metals like gold on dips! :elefant:

[Rynn]

I've bought PCU, TGB, IAU and SLV.

I'm a little nervous about gold and silver. I think it'll be several weeks if not months before institutional investors finish selling off their holdings and the price recovers. Most of the selling seems to be in the US, so there will probably be some physical shipments of gold before prices stabilize.

I'm assuming the copper market will recover faster. Historically, copper demand does not change that much, but there is a lot of panic selling right now.

[Riddicks]

I wonder, if he doesn't keep any money with him, how does he pay for those funky lab coats, with gold bars?

And do you guys have special bags to carry these gold bars around in, and do you have to own a certain amount to get these bags?

Man I wonder if I can pay with some gold shavings...

[john_for_u80]

I wonder, if he doesn't keep any money with him, how does he pay for those funky lab coats, with gold bars?

And do you guys have special bags to carry these gold bars around in, and do you have to own a certain amount to get these bags?

Man I wonder if I can pay with some gold shavings...

lol

People carry some cash even when they make each and every payment by CC.
He is a doc so he gets paid everyday in his practice.

Warren Buffet keeps most of his money in stocks and in currencies like Canadian $ and Brazilian real. I don't think he puts oil stocks in his gas tank to run the car ;)

Where to keep gold: http://www.monex.com/why/howtobuy.html

You can also keep it inside your house in safe hidden storage areas! Also there is a gold ETF.

[john_for_u80]

I'm assuming the copper market will recover faster. Historically, copper demand does not change that much, but there is a lot of panic selling right now.

"One of the clear indicators of a strong economy is copper, which usually leads any major move in the market. Copper is very connected to economic trends, since it is used in the building of commercial businesses, homes and automobiles.

You can see from the weekly chart below that the prices had a nice run over the past six years. However, it currently looks like it is putting in at least an intermediate-term top, and a break below 990 would confirm that. Also note that the institutional moneystream has plunged to new lows. "

[BULLSEYE]

WSE- any ideas on PAL?

[Jimmy058910]

AAUK

http://stockcharts.com/h-sc/ui?s=AAUK&p=DAILY&b=5&g=0&id=p33285855555

Breakout signs all over this one

[Jimmy058910]

I bought it at 26, a nice 88 cent jump to 26.88 and no signs of stopping for the next week or so.

[wallstreetsedge]

i like PAL, i would start shaving some of it off

i hope all of you guys played the commodities... made some BIG money on it today

[englishman26]

Well I just bought DROOY and BQI today.

Wanted to buy POT but for some reason couldn't convince myself to pull the trigger - those corn crop numbers yesterday are holding me back.

[wallstreetsedge]

i think we have a free wild bull to ride until the govt steps in and hits the reset button

tomorrow i think we get hit with bearish jobless claims which knocks it down big time and we get a nice speculative surge in commodities continuing to monday

[Thunderbolt]

i think we have a free wild bull to ride until the govt steps in and hits the reset button

tomorrow i think we get hit with bearish jobless claims which knocks it down big time and we get a nice speculative surge in commodities continuing to monday
WSE, excellent call on this one, and the bounce on ABCO, thanks. :top:

Although, wouldn't more bad news suggest continuing demand destruction and thus downward pressure on crude oil? :confused:

[madcowdisease]

"One of the clear indicators of a strong economy is copper, which usually leads any major move in the market. Copper is very connected to economic trends, since it is used in the building of commercial businesses, homes and automobiles.

You can see from the weekly chart below that the prices had a nice run over the past six years. However, it currently looks like it is putting in at least an intermediate-term top, and a break below 990 would confirm that. Also note that the institutional moneystream has plunged to new lows. "

Not to mention that rough head-and-shoulders pattern it put in.

WSE, excellent call on this one, and the bounce on ABCO, thanks.

Although, wouldn't more bad news suggest continuing demand destruction and thus downward pressure on crude oil?

The folly with the above statement is the assumption that oil is bound by the laws of supply and demand. It has been manipulated since October of 2007 based on money flows out of equities - perceived as being a sinking ship - and in to futures exchanges where extreme leverage - up to 10Xs - affords quite a profit potential.

The reason we have seen oil drop recently is because the perception on Wall St. is that the bottom is in the markets and it is safe to leg back in. Money is flowing out of futures and in to the broader equity markets. If this perception is erroded we will see money flow back in to oil and the big money guys like Goldman et al will manipulate futures upward further.

The only supply and demand laws at work here are Goldman et al's demand for outsized returns on capital and the limited supply of vehicles for which they can put their money in to should we get more bearish news for the equity markets.

[Thunderbolt]

The only supply and demand laws at work here are Goldman et al's demand for outsized returns on capital and the limited supply of vehicles for which they can put their money in to should we get more bearish news for the equity markets.
Well, then is this nothing more but a never ending chase of big money after bubbles; dot.com stocks, real estate, oil futures, back into equities, and on and on?

[Jimmy058910]

AAUK

http://stockcharts.com/h-sc/ui?s=AAUK&p=DAILY&b=5&g=0&id=p33285855555

Breakout signs all over this one

Gold down $25 last I checked and AAUk still at a 1% gain

[pedrom727]

CHK is looking like a good buy today, MACD just crossed up on the 9 month chart with the stochastics and RSI looking pretty good as well. Looking for a bounce off the 10 day SMA which is about $45.50 and it could run pretty nicely as its very oversold. I'm dumping it if it goes much below the 10 day, however.

[wallstreetsedge]

WSE, excellent call on this one, and the bounce on ABCO, thanks. :top:

Although, wouldn't more bad news suggest continuing demand destruction and thus downward pressure on crude oil? :confused:

short term i think it continues upward, the downward push was due to pension funds taking money out of oil - they had roughly $300b in oil and removed $30b towards the high so i think speculation has been pushing it down

however, in the long run i think oil heads back down. it's a lot easier for the govt to hit the reset button and send oil to 80 than to deal with it going to 200


youre welcome on ABCO!

i have a new idea on my blog that i put up earlier this week. i post a stock pick every week in my blog if you wanna follow :D

[Rynn]

The supply and demand of most commodities has not significantly changed, what has changed is that the dollar is valued higher relative to other currencies. This is mosly based on speculation that the fed will raise interest rates and reduce the money supply. The problem is that banks are insolvent, so if they raise interest rates, they're just going to have to pay the money back out via the FDIC. This strong dollar just can't last.