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Old 06-14-2012, 11:07 AM   #7651
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damnit, whats up with the TSX underperforming all the time??

Goes down when the S&P goes down, goes down when the S&P goes up?!?!

stupid commodities....when is it gonna go on another bull run!?
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Old 06-14-2012, 12:02 PM   #7652
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simple answer QE3

china growth is priced in, so slow down will bring commodities down
europe lack of growth will only hurt
US muddle through economy isn't providing any bump to commodities

having said that, commodities aren't cheap themselves, but commodity stocks, generally appear well valued (unless the underlying commodities do fall...)
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Old 06-14-2012, 12:09 PM   #7653
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Holy Late Day Rally!!!! S&P just jumped up almost 1% in the last 10 minutes.

Curse you!!!!
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Old 06-14-2012, 12:24 PM   #7654
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wow market just RIPPED i was expecting tanking today and tomorrow... i'd be nervous now jason
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Old 06-14-2012, 12:53 PM   #7655
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Bank of England to take coordinated action to protect UK from Europe crisis
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Old 06-14-2012, 02:42 PM   #7656
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i'd be nervous now jason
Nerves of steel!!!!!

If anything there is a silver lining in all this, the price of gold should be moving up if the Fed steps in... and "hopefully" YNG can post a strong second quarter.. we shall see!
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Old 06-14-2012, 07:06 PM   #7657
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Anyone have the scoop on greek elections? How high % is them leaving the eurozone... Still think market will DUMP eod tomorrow if it doesn't I'll be scratching my head
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Old 06-14-2012, 07:21 PM   #7658
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Anyone have the scoop on greek elections? How high % is them leaving the eurozone... Still think market will DUMP eod tomorrow if it doesn't I'll be scratching my head
Ya, tomorrow should be a blood bath; quadruple witching + Greek elections on Sunday


"In Europe, authorities also laid plans for tackling turmoil such as if Greeks emptied their bank accounts should the SYRIZA party, which has promised to tear up the country's bailout deal with the EU and IMF, score a decisive victory on Sunday.

SYRIZA leader Alexis Tsipras said the memorandum deal with Greece's international lenders, which has helped to push the economy into a depression, would not last beyond the weekend."

Too close to call at last word between SYRIZA and ND; also ~15% undecided voters
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Old 06-14-2012, 08:27 PM   #7659
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Well so far the asian markets dont seem to care about the Greeks, mind you they are riding the coat tails of todays US gains...

Tough to say, Greek banks are up nearly 20% in the last week, people must be fairly confident that everything is "going to be okay".

Regardless of what happens, i am for sure going to be moving some money into gold or gold producers very soon.
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Old 06-15-2012, 09:57 AM   #7660
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FUUUU sold FMNL too early
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Old 06-15-2012, 10:28 AM   #7661
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Not how I expected this week to end lol.... still some time left in the day though..
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Old 06-15-2012, 10:39 AM   #7662
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Ya with the Greek election this Sunday, I really don't want to hold on to tvix
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Old 06-15-2012, 10:55 AM   #7663
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man, totally made the wrong bets this week. I guess I'll await monday and tuesday.
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Old 06-15-2012, 10:57 AM   #7664
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^ I hear ya, but at the same time, I have to believe that regardless of the election results, there will be many more issues to fix in the Eurozone.. the unemployment rate is so insanely high in some regions that even with extensive easing they will not be able to get the socio-economic issues under control.

Though I do hope for some Euro drama so I can make a quick buck, the long term issues facing Europe are considerably more serious than any outcome as a result of the Greek election.

I really have my doubts about the Eurozone, the smaller less "efficient" economies are at a significant disadvantage being tied to the single currency, if these economies were able to manipulate the value of their currencies they would actually stand a chance. The Eurozone will never really work unless it becomes more than just a monetary union...

Holding on for now.. no point in selling at a loss when I just expect Euro news to continue putting downward pressure on markets. I think the help Europe needs is well beyond anything that a few hundred billion in stimulus can fix.
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Old 06-15-2012, 11:10 AM   #7665
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Regardless of what happens, i am for sure going to be moving some money into gold or gold producers very soon.
I bought out of money options on Barrick when it was $38 and sold when it went to $42. That was like the only decent coin I made in awhile.

I'm now waiting for an entry point to get back in, timing is such a bitch these days.

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Holding on for now.. no point in selling at a loss when I just expect Euro news to continue putting downward pressure on markets. I think the help Europe needs is well beyond anything that a few hundred billion in stimulus can fix.
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Old 06-15-2012, 11:40 AM   #7666
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greek is gonna be a non event seems like
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Old 06-17-2012, 11:23 AM   #7667
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Waiting on election results in Greece...

Exit polls show it is neck and neck between Syriza and ND's..

Edit: Just thinking out loud.. is it possible that a win for the ND's will result in more civil unrest? With the strong anti bailout support (Likely 40% of the voting population) there could be some protests in the near future with regards to continued austerity.

I can't believe Samaras is already saying things like "This is a victory for all of Europe". Yes, Greece, you fucked up lol... Greece needs to do whats best for Greece IMO.. not what's best for Europe.
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Old 06-17-2012, 05:12 PM   #7668
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Pepper ur angus jason lol
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Old 06-17-2012, 06:34 PM   #7669
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Pepper ur angus jason lol
Me investing:



But... I'm sure it's just a matter of time before the big dip comes, remember last year the major volatility was July to October... plus the long term average of the VIX is just 1% less than it's sitting at now... so I'm optimistic with pessimism!

Edit: On a totally unrelated sidenote:

"On June 3, 2012, Christopher Ecclestone said this:

“Yet, it is good to report that the situation has turned around at YNG, just, even if the market does not see it that way. For two weeks the facility has been running at full pelt with production at 450 ounces per day.”

450oz/day x 365 days = 164000oz/year. WINNING!

http://classicvalueinvestors.com/i/2...-taking-place/

Spoiler!


Additionally:

http://seekingalpha.comrticle/531311...-s-a-gold-mine

I think that within the next 3 months I am going to be smiling ear to ear with my .33 avg on YNG. (If I recall correctly I am holding 140k shares)
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Old 06-18-2012, 05:37 AM   #7670
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YNG is generating positive cash flow

Following up with what was posted yesterday, here are the glorious details lol... For those of us holding YNG this shold mark the beginning of the climb back up to a reasonable share price

Yukon-Nevada Gold Corp. - News - Mon Jun 18, 2012

Spoiler!


On a side note, certainly not what anyone expected with the Greek election results, but US futures are down slightly this morning.
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Old 06-19-2012, 07:45 AM   #7671
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Dead thread lately... did everyone else give up?
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Old 06-19-2012, 08:07 AM   #7672
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Spent the remainder of the cash doubling my YNG position. I am excited about the future for this company! I hold a bunch of NZ and TAO and love the companies themselves but with the price of oil taking such a bath, it's hard to find any optimism to even watch carefully...

Mark
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Old 06-19-2012, 09:07 AM   #7673
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I'm in a tough spot Would like to buy more YNG but I've already maxed out my play money The only things I could sell is Aloca AA or TVIX... and I'm down.. a lot... in TVIX lol. Plus with selling either of those I have to eat the exchange rate!!!! FACK!!!
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Old 06-19-2012, 10:03 AM   #7674
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i guess everyone sold in may and went away
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Old 06-19-2012, 10:35 AM   #7675
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Dead thread lately... did everyone else give up?
Nope. Just holding.

Besides, I'm too excited about draft week. Is Luongo getting traded? NHL OFFSEASON!!
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