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 Replies: 5,649 / Views: 460,785 |
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Valued Member
United States
336 Posts |
@ Demarco Bishopp I highly recommend reading the "Tragedy of the Euro" by Bagus, it is a short read and can be downloaded in epub or a pdf for free if you don't want to purchase it. It was one of the assigned books during my master's program in economics. This gives you a different and more realistic picture of the European Union. Edit: forgot to give the link https://mises.org/library/tragedy-euroEdited by EconBrony
06/27/2016 02:57 am
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Valued Member
United States
154 Posts |
@yup
What is the % you use on your trailing stop? I had put a point trailing stop loss on my miners determined by an average of daily swings, not thinking it would kick in until after a nice run up. But it did and position was sold. I figured since not much action in July and August I'd stay out of the miners till near the end of August, so put the $ into 4 stocks that had hit 52 week highs planning on making a little more to put into miners later. Then along came Brexit.
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Rest in Peace
United States
2668 Posts |
Monday is going be very interesting.
I see helicopter money puking into precious metals and utilities.
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Pillar of the Community
Norway
1358 Posts |
Seems like the Pound Sterling is still dropping and gold is still going up, despite the British Minster of the Treasury declaring that there's no need to panic and that Britain is strong enough to get through this and that there isn't even a need for a new round of budgeting. That's much worse than I expected, really. I'm not sure if it would be wise to wait with buying gold until the market calms down a bit now...
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Pillar of the Community
 United States
3789 Posts |
no one should be surprised the Pound is at yearly lows today. It is simply following through from the yearly low that was hit on Friday.
The Pound is now stuck in a downtrend and will continue to drift lower and only time will allow the pound to, in time, reverse its course.
Markets look great. Anyone who is in panic mode or thinking we crash, I think, is worrying too much.
More the sentiment keeps getting negative, the better because the faster this nonsense will be done with.
Gold and silver look very tired here, it is still early but they are showing signs of wanting to reverse lower and you will notice that they are NOT making any attempts at fresh yearly highs, in other words, no follow through.
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Pillar of the Community
United States
7390 Posts |
Crash!?... It's bargain huntin' time  |
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Pillar of the Community
United States
3789 Posts |
@zack
my trailing/stops vary based on the asset I am tradng, the personality of the asset and market conditions, to name a few things.
With gold and silver, you need a % stop for now because of the wild swings we are getting, at least thats my game plan.
Right now with gold and silver, I am just letting it run, no trailing stop because of how erratic they act. If you notice, gold and silver run higher, pull back, in some cases retracing to their original break out, then run higher, the back again etc.
You must decide what your profit objective is, personally based on your goals, what fits your emotions best and what you are trying to extract from the market.
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New Member
United States
4 Posts |
I have liquidated some stock gains over the past few months and wish to park some in PM's. With this sudden jump, is it best to stay on the sidelines and wait for X or just get in after a pullback? Have read all the posts going back to 2013, learned a lot about the PM's markets.
Thanks.
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Pillar of the Community
United States
3843 Posts |
I thought that this article was interesting. London gold dealers report surge in coin, bar demand on Brexit vote http://www.reuters.com/article/brit...463?rpc=401&Quote from the article. Quote:
"The buying side is much, much bigger than the selling side," Daniel Marburger, director of CoinInvest.com, said. "I would estimate that we have one seller to every fifty buyers." |
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Pillar of the Community
United States
3789 Posts |
another set of fresh yearly highs for silver today...
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Pillar of the Community
United States
7390 Posts |
Yup, Yup  |
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Pillar of the Community
United States
3789 Posts |
so late night thought-
gold made a yearly high last week,, no follow through. Silver did it and followed through. Now are we going to see the same pattern again.. which is, hit yearly highs and test the lower end of the range?
stay tuned....
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Pillar of the Community
United States
3789 Posts |
silver squeezing out some more 52 highs today...
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Pillar of the Community
United States
5846 Posts |
Looks like silver performing better than gold, looking at the Kitco chart in beginning of this year high $13 to now. That's a substantial increase.
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Pillar of the Community
United States
606 Posts |
@ Trend Traders,
I've been reading about trend trading and noticed that many describe candle sticks with higher highs and higher lows. In addition, they usually refer to the prior candle stick as an indicator of a trend break (for instance, on a daily chart).
However, I've noticed this thread seems to take more of a long term trend, perhaps based on 52 week highs or something? Are there other differences? With the shorter trends, it's very easy to see an exit point. However, with this thread, it seems more unclear regarding an exit point.
Any clarification for this beginner would be appreciated.
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Replies: 5,649 / Views: 460,785 |
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Posted 06/27/2016 01:01 am
