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i'm short AUD/USD target: 0.985 current P: 1.02

you mean you are long USD to AUD

that would be so if your target is 1.02 AUD


it looks to have been trending up against the AUD for the past month or so.

I'm getting fucked up big in gold.. ill be tiering down some more tomorrow. also adding more shorts to gas. Thursday's report on gas will be a light number. I expect weather forecasts to warm up 3 weeks out.

My favorite Lagrangian.

http://www.columbia.edu/~ks20/FE-No...portfolio-I.pdf

Your HGU.TO is underperforming the market. Stay away from cruddy ETFs.

Here is a fine example of an ETF performing at it's best:
http://www.barchart.com/chart.php?s...=&txtDate=#jump

For the 3x leverage the actual performance is slightly higher, because the volatility has been low. They also readjust their holdings every now and then.

quote:

Originally posted by billymadision Your HGU.TO is underperforming the market. Stay away from cruddy ETFs.

the market?

thats because commodities (Specifically gold co's ) are underperforming the market.

the etf is fine for what it does. NAV is tracking very well with stock price.

if you want to track the S&p, track the S&p. That's obviously not my objective.

I meant the gold market. Compare it yourself, HGU.TO is a dog right now.

quote:

Originally posted by billymadision I meant the gold market. Compare it yourself, HGU.TO is a dog right now.

its pretty basic math.

this thing is leveraged,

If gold is down on average 2 % daily, this etf will be down 4% daily.

gold cos are performing poorly, so this thing perfoms twice as poor (no surprise there). This is the whole purpose of leveraged etfs

Had the S&P performed to shit, that leverage 3 times etf would perform on 3 times worse daily than the daily close of the S&P.


The whole point is that when this thing runs (and i believe it will) the leverage will play out in my favour

remember, compound gains are much more significant than compound losses.

If gold companies are underperforming gold, then that is surely a sign that the support level is still to come? While gold has seen a slight support, HGU.TO continues to drop. And it isn't because of compound losses.

Let's discuss something else. RTK is a company I have been watching for a long while. It has seen a very significant rise lately, as their business model comes to being. I am hesitant to get in it at the current price, but the future looks bright.

quote:

Originally posted by billymadision If gold companies are underperforming gold, then that is surely a sign that the support level is still to come? While gold has seen a slight support, HGU.TO continues to drop. And it isn't because of compound losses.

If price to NAV is practically 1 (yesterday we had a NAV of 5.28, closing price was 5.30; so actually a premium to NAV (higher demand) then this thing is trading fine.


Disclosure of what its holdings are? Doesn't really matter as its goal is to track 200% the daily performance of the S&P tsx global gold index, and it does this to a tee (minus the 1.15% annual management fees which get docked from its NAV).

It all depends on when you buy and how long you hold. These vehicles aren't meant for long holds. i do think i am holding it a bit too long, but my tier positions should do me fine. Had i made a smart move and averaged down at 4 and change, i'd probably be in the money right now. unfortunately, i'll have to wait out until the next dip.


take a look at your S&P leveraged 3x during a market down trend; see how that performs.

Again, hindsight is 20/20.

I don't like holding the 3x. If I opt to hold any ETF, it's max 2x and it's not for very long. I only ever held a levered ETF 2 days or so. But I don't average down since I don't trade a huge amount of money.

I think it's the S&PTSX GGI holdings that are underperforming. Maybe you are right about the ETF, but it's still a risky bet.

WHY SO UGLY? Every good dividend stock has seen profit taking.

OH MY GOD GUYS!! WHAT A DAY, I'M SO HAPPY...FINALLY, JAPAN BROUGHT THE BIG GUNS OUT.

I'm bullish Panasonic and Mitsubishi. Japanese stocks are so cheap!!

I'm just going to fucking MOVE TO JAPAN.

Oh and holding on to USD/JPY until we see 100

better yet, pick a currency and buy everything against the yen. There's no free lunch, but come on guys this is easy money.

fuck the stock market LOL

i'm losing my shirt in gold

should have bought those puts LOL

I pick the cheapest stock and mostly in 'synthetic' form, composed mostly of long-short equity strategies.

I actively trade the Forex market though, I'm practicing holding my positions longer and trading the daily charts.

Re: Gold, I would find immediate support at around 1500. Keep an eye on it.

Today, we got the laughable news that the unemployment rate declined even as those not in the labor force grew by over 660,000, while the total civilian non-institutional population grew by just 167,000 to 244,995, meaning the actual labor force declined by 496,000. Which is precisely the issue: fudging the labor force participation rate is how the Obama administration has managed to maintain the myth the economy has grown under his leadership for the past 4+ years. It hasn't, and in fact if one renormalizes for the recent long-term average participation rate of 65.8%, one gets a very different number. How different? A difference that is now at a record compared to what is reported. As the chart below shows, a "renormalization" process indicates a massive and record 4% difference between the reported unemployment rate of 7.6%, and what the real unemployment rate is assuming normal growth of the labor force, which in March was 11.6%, up from 11.3% in February, and the highest since August 2012 when it was 11.7%. More importantly, as the real unemployment chart shows, the economy has not improved by one bit since 2009!

http://www.zerohedge.com/

800 pips in two days!!

long AUD/JPY GBP/JPY USD/JPY

have a great weekend.

http://www.cftc.gov/files/dea/cotarchives/2013/options/financial_lof040213.htm

i'm looking to get my feet wet. any tips where to start? established companies or ipos? new industries? isn't the whole game rigged by insiders? thoughts?

Buy Rare Earth Elements and sit on them for as long as you can

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