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Buy low Sell high (pg. 12)
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| Nrg2Nfinit |
| 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 , 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. |
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| 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. |
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| billymadision |
| 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. |
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| Nrg2Nfinit |
| 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. |
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| billymadision |
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. |
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| billymadision |
| WHY SO UGLY? Every good dividend stock has seen profit taking. |
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| Lagrangian |
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 ing 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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| Nrg2Nfinit |
the stock market LOL
i'm losing my shirt in gold
should have bought those puts LOL |
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| Lagrangian |
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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| Lagrangian |
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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| Lagrangian |
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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| Spacey Orange |
| 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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