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Post by FD1000 on Jul 7, 2021 4:00:03 GMT
If you use a simple M A it is very close. If you use an exponential M A it is less close. GLD,SLV has been terrible for 10 years and one year too, see 10 year ( chart) and change to one year. Attachments:
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Post by yogibearbull on Jul 7, 2021 15:04:04 GMT
I hope that this thread isn't also turned into the latest hot bond funds.
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Post by uncleharley on Jul 7, 2021 15:40:22 GMT
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Post by richardsok on Jul 7, 2021 18:13:38 GMT
I share your suspicions. Any minister/secretary/chancellor who concerns himself with the longer views of the next generation is a rara avis in the governing class. I feel sure they share one over-riding concern: "no calamities on my watch." The relentless process of inflation during my lifetime doesn't fill me with confidence..... and I certainly don't believe the erosion stopped last Thursday . " Hey ! We'll just pay off today's stratospheric debts with tomorrow's degraded currency! Hey, what's the downside? "
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Post by anitya on Jul 7, 2021 19:29:58 GMT
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Post by anitya on Jul 8, 2021 19:31:46 GMT
Any thoughts on the big negative moves in GDX and GDXJ relative to both GLD and the overall market moves today?
As an aside, just in case anybody is curious, the ones I have been accumulating are out of the money GDX 09/17/2021 38.00 C - deep loss for now but still playing with the house' money.
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Post by yogibearbull on Jul 8, 2021 19:57:06 GMT
OTM calls may look attractive when underlying stock falls + time-decay effect. But that becomes very risky. So, when I accumulate OTM calls, I keep min expiry time (3-9 mo) for new OTM call purchases. Nothing in options now.
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Post by anitya on Jul 8, 2021 20:11:07 GMT
Thanks, Yogi. Good reminder re time decay and to roll.
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Post by fishingrod on Jul 13, 2021 14:31:46 GMT
paulr888 , @haven was referring to chang 's avatar, the elliptical orbit thingy. I don't believe they were referring to your avatar at all. Just a misunderstanding, truly.
rhythmmethod , Now that avatar is another thing all together. If you squint your eyes while looking at it, it clearly looks like you know what. Fishingrod For anyone who thinks that avatar looks like a you-know-what , well, I don't know where to start. Sheesh. More like my 1967 footpath back to freshman dorm from a frat party.
richardsok, I am not sure what you were thinking I was referring to, with "you-know-what". But, to be sure, when I squint and look at rhythmmethod 's avatar, I clearly see a drummer on his smoking drums. ;>)
Fishingrod
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Post by chang on Aug 9, 2021 22:29:56 GMT
With the wobbliness in PMs/miners, the fizzle of the value revival, the steadiness of interest rates (not rising -> not good for banks), and the unexpected (to me) strength in the USD, I am considering taking my profits on FICDX (Canada). It was a good buy and I made good money. It's struggling to stay above its 50dma ( link). Still well above the 200dma, and both MA's still have upward slope (although the 50dma has almost flattened). Hold or sell?
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Post by uncleharley on Aug 9, 2021 22:41:07 GMT
Hold for a while.
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Post by oldskeet on Aug 10, 2021 12:05:45 GMT
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Post by chang on Oct 7, 2021 11:19:32 GMT
I have. It's doing OK; better than the S&P500 for the last month, but trailing the essinpee for the last 3M. The fund is not cheap ..... still think it's a hold?
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Post by uncleharley on Oct 7, 2021 12:40:15 GMT
Yes, It is now above the 20 DEMA and on the 50 DEMA so there is some improvement in the daily chart. These consolidations tend to be continuos patterns, which means that whenever the consolidation is over, the previous trend will continue. Not to be confused with a bottoming or topping pattern.
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Post by uncleharley on Oct 28, 2021 16:44:38 GMT
That still looks o k. It needs to work off the overbought condition, but bad investments usually do not become overbought. Meanwhile, the following url will take you to a Macro look at precious metals and their miners in Canada and the U S. The link is a treasure trove of info. www.crescat.net/the-macro-case-for-precious-metals/
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Post by uncleharley on Oct 29, 2021 17:36:45 GMT
Tom McClellans weekly newsletter has an interesting blurb about the correlation between the price of Uranium and the price of gold. Historically, when the price of Uranium goes up, the price of gold goes up about 7 weeks later. He has no idea why this relationship exists, only that it does. OBTW the price of uranium began going up about 7 wks ago. We shall see. Civil war in China could give precious metals prices a boost.
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Deleted
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Post by Deleted on Oct 29, 2021 21:16:24 GMT
Civil war in China?
Interesting so far EM and Gold have not done well this year. While Canada has done well.
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Post by uncleharley on Nov 4, 2021 13:26:06 GMT
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Post by uncleharley on Nov 5, 2021 12:12:33 GMT
Gold and silver prices are consolidating in overnight trading. The pundits claim that traders are awaiting the jobs report. Expectations are for 450,000 new jobs. Since everyone is working, the report might disappoint. We shall see.
EDIT: Jobs report came in stronger than expected. Will tighten stops on my PMs.
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Post by yogibearbull on Nov 5, 2021 22:50:00 GMT
There are 2 stories on gold and gold-miners in weekend Barron's that were available online today. That may be among reasons for bounce today.
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Post by Deleted on Nov 8, 2021 18:50:23 GMT
May be younger generation prefers Bitcoin over gold. I have not yet invested in bitcoin. May be I should change with changing times
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Post by uncleharley on Nov 10, 2021 14:20:20 GMT
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Post by xray on Nov 10, 2021 15:07:56 GMT
@waffle Ref: CNBC "Mr Wonderful [Sharktank] Kevin Kevin sold some of his portfolio and had 24% cash available and was asked what he might want to do with it? Kevin stated that he couldn't fight current market momentum and would start a position in bitcoin.... Live Long and Prosper....
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Post by uncleharley on Nov 10, 2021 15:59:45 GMT
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Post by yogibearbull on Nov 11, 2021 21:14:49 GMT
There is a poster nftrh at Fido who is pointing out the inverse-H&S formation and at least the May high as the next target for gold-miners. Unfortunately, Fido is a closed site, so links won't open. FWIW, the late-September bottom caused many to throw in the towel on gold or gold-miners, and now it is moving.
"As to HUI and the gold miners, on which I am bullish for 2022…
Short-term: Bullish technical, sentiment starting to froth, macro fundamentals not yet recovered.
Intermediate-term: Constructive technical but not triggered, macro fundamentals not yet recovered.
Long-term: Bullish but still potential to make another low prior to a real rally that would finally break the Handle on the monthly chart above and take out 327.45. When the cyclical inflation fails or morphs stagflationary, we’ll see a return to macro fundamental health for the counter-cyclical sector."
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Post by chang on May 22, 2022 9:12:44 GMT
Yes, It is now above the 20 DEMA and on the 50 DEMA so there is some improvement in the daily chart. These consolidations tend to be continuos patterns, which means that whenever the consolidation is over, the previous trend will continue. Not to be confused with a bottoming or topping pattern. Almost eight months later ... and I never did anything with FICDX. Looking at the 1Y chart, the S&P500 (FXAIX) killed FICDX for the first 9 months or so ... but then the S&P crashed while FICDX remained more or less constant. Hence, over 1Y, FICDX (+3.9%) managed to beat FXAIX (-4.9%). And YTD there's no contest: FICDX -1.95%, FXAIX -17.7%. I actually hold both FICDX and FXAIX in the account. Question is: buy more FICDX, or do nothing?
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Post by alvinthechipmunk on May 22, 2022 12:02:07 GMT
If you're already tempted, go for it. FICDX. It's down over -9% in the past month. I recall you saying you originally got in primarily for the banks. RY and TD are still 19% of total portfolio. And the nat. res. element is in favor these days, n'est pas? RY might not be the best performer among the banks, but they're all solid--- the Big Five. (Or Big 6, if you want to include Nat. Bnk. of Canada, but you'd have to get that one on TSX.) FICDX is on my own watchlist. Remember, Canada still sells mostly "rocks and trees to the world," apart from Financials. And oil, of course. (Stole that phrase from Danielle Park.)
BDRBF Bombardier will shortly be doing a reverse stock split. Never seen the like. If I remember the reference correctly, it will be 25-1. Still a penny stock. After how many years? Big employer, big piece of Quebec's economy. Current share price is just .90 cents (US, I believe.) But FICDX does not own it.
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Post by chang on May 22, 2022 12:27:45 GMT
I actually got into FICDX for banks (rising interest rates), inflation (PM miners), and a potentially increasing CAD/USD exchage rate. I am actually trying to reduce overall pf expense ratio, and this is one of the more expensive funds.
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Post by uncleharley on May 22, 2022 12:31:35 GMT
Yes, It is now above the 20 DEMA and on the 50 DEMA so there is some improvement in the daily chart. These consolidations tend to be continuos patterns, which means that whenever the consolidation is over, the previous trend will continue. Not to be confused with a bottoming or topping pattern. Almost eight months later ... and I never did anything with FICDX. Looking at the 1Y chart, the S&P500 (FXAIX) killed FICDX for the first 9 months or so ... but then the S&P crashed while FICDX remained more or less constant. Hence, over 1Y, FICDX (+3.9%) managed to beat FXAIX (-4.9%). And YTD there's no contest: FICDX -1.95%, FXAIX -17.7%. I actually hold both FICDX and FXAIX in the account. Question is: buy more FICDX, or do nothing?Good Question. I would monitor it until it re-establishes a trend. I am a trend follower, not a dip-buyer. A dip-buyer would probably say "go for it".
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Post by chang on May 22, 2022 12:33:56 GMT
A dip-buyer would probably say "go for it". Well, FXAIX has taken the much bigger dip; FICDX hardly any dip at all. So the dip-buyer would probably go with the essinpee. Yeah, I'll probably just hold until the entire picture clears up a bit.
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