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.

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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.

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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/

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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

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Last edited by Lagrangian on Apr-05-2013 at 20:36

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?

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