Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (90206)	8/2/2012 8:18:30 PM
From: gold$10k	Respond to of 108906

A close below today's lows on both gold and SPX would seem to me a likely setup for a massacre... especially a Friday close, like tomorrow.

To: NOW who wrote (90206)	8/2/2012 9:33:58 PM
From: isopatch	Read Replies (1) \| Respond to of 108906

Gotta admit, that call was just plain wrong. Happens to everybody now and then. What's not OK is to stay wrong. Expected a much stronger rally in the PMs and the broad market. Late last week, thought I was just too early and could reload at a lower price and maybe the call would turn out OK. Even said so to another poster, here, via PM, early this week. Very disappointing. At least strict ST discipline stopped out AUY & EXK for small ST gains. Back to 100% cash as has been the case since late Feb except for these trades.. Unfortunately, this weeks tape has been too negative to generate any new buy setups. That's a bad sign by itself. Add the TA and FA that's been coming in says the broad market trend has rolled over back to the downside. Very busy otherwise. Here I am eating a light dinner at 9:30 PM. Harvested a 1/2 bushel of tomatoes yesterday and 2/3 bushel of green beans this evening. Good rain in recent weeks is providing a very good harvest in this area. Iso