Pailin's Trading Corner

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Thu, Oct 4, 2012 - 1:36pm
Vypuero
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I think we break both $35 and $1800

by Friday - and hold - they will then act as resistance

Thu, Oct 4, 2012 - 1:39pm
SteveW
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Black gold

Chasing the rise in HOU (UCO substitute), currently 8%, with tight stops. Will sell before market close.

“Don't walk behind me; I may not lead. Don't walk in front of me; I may not follow. Just walk beside me and be my friend.” ― Albert Camus
Thu, Oct 4, 2012 - 1:42pm
kevsta
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Silver bollinger squeeze again..

I cant be arsed to do the multi timeframe charts again but silver is now looking explosive once again on my system, we have bollinger squeezes in play on the 1 hourly, 4 hourly, and daily charts once again, and are above all the ma support and looking like breaking out, we just need the headline catalyst.

of course if the catalyst was negative, or there is a heavy smackdown, the squeeze *could* fire downwards, but it all looks up to me at the moment, and last when gold was in the similar daily squeeze that fired us from $1600 to just about $1800.

we shall see.

"There are only 10 types of people in this world, those who understand binary, and those who do not."
The 2 secrets of success - 1. Never tell all that you know..
Thu, Oct 4, 2012 - 1:50pm
redwood
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Metals and miners are

Metals and miners are dropping before the meeting. I've seen this many times and not usually a good sign. Hate to be such a drip and I hope I'm wrong.

Thu, Oct 4, 2012 - 1:53pm
Titus Andronicus
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Hey Rico!

Did you get run over by a car?

Did you contract syphilis?

Did SilverWealth hurt your feelings?

Shane...Come Back
Thu, Oct 4, 2012 - 1:56pm
pailin
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Only a guess but his final

Only a guess but his final GLTA message came within a day of the flap over his hillbillies (or whatever) Pain St comment. Correlation?

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Oct 4, 2012 - 1:57pm
Corsair
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re: which is better buy Gold or Silver?

prior to taking the poll, I felt neither since GSR is near mid-point(low is 30's and high is 80's).

the poll showed 80% silver.

"The closest we get to perfection is writing our resumes."
Thu, Oct 4, 2012 - 1:57pm (Reply to #28532)
rtabit
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Vypuero wrote: by Friday -

Vypuero wrote:

by Friday - and hold - they will then act as resistance

I agree, and I'll also predict that gold hits 1860 on the 15th. I think you mean support.

Thu, Oct 4, 2012 - 1:59pm (Reply to #28530)
BlackHawk
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What lie are you talking about?

Be specific. Use a fact checker site to back up your claim. I didn't watch the debate. What you got Vyp?

These are the 36 countries that have healthcare system that rank higher than the US. I am considering moving to one of those countries so that I can afford to stay alive. I have an insulin pump. Without insulin my blood sugar is 500+ within four hours. I would prolly die within 2-3 days without it. The insulin alone costs $600 every single month at Walmart. I order it from Canada online now for $95 delivered to my door from Turkey, the same manufacturer, Ely Lilly. Get it? That is a 600% markup in the US for the same life necessity.

We are being gamed big time. Play politics all you want, count your money, hang on to your insurance and when you lose them, struggle until you die.

Collectivism my ass! Are you Nucking Futs? Apparachik repug Dupe! Get a clue.

https://www.businessinsider.com/best-healthcare-systems-in-the-world-2012-6#36-costa-rica-1

Thu, Oct 4, 2012 - 2:04pm
pailin
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Cripes that's some upside

Cripes that's some upside down math BlackHawk! Good for you finding a workaround that hasn't been sewed up yet!!

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Oct 4, 2012 - 2:08pm
Gold1776
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Jeez - where is the Volatility?

Come on...

Maybe everyone is waiting for the numbers tomorrow. I guess today is a non-event - how is that possible?

Thu, Oct 4, 2012 - 2:11pm (Reply to #28542)
pailin
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Since I've been flat since

Since I've been flat since the last blast over 34 earlier this week...I've been waiting for a nice drop. Still waiting, need 2-3% discount to dip in :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Oct 4, 2012 - 2:13pm
csquared13
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sold a little NUGT in to that

sold a little NUGT in to that last spike.

“Everybody gets what they want out of the market.” -Ed Seykota
Thu, Oct 4, 2012 - 2:20pm
MisesFan
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TLT....

continues to fail when trying to breakthough the daily 50 dma. Looks like it is headed to the daily 200 dma, which is also about the same price as the weekly 50 dma. I bought a little early, but as Pailin's sig says......I never buy at the bottom (short at the top)...etc

Last comment re: healthcare.....and most can agree that the issue is the COST of healthcare. Unfortunately, no one is addressing this root cause, and instead focusing on the govt absorbing the higher and higher cost.

https://mises.org/daily/3708

https://mises.org/freemarket_detail.aspx?control=279

https://mises.org/daily/2285

Thu, Oct 4, 2012 - 2:21pm
Vypuero
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Well lets see

I didn't speak about healthcare - we have worst of socialist and a crony/cartel system. Only comment I will make on that is that the US is subsidizing costs for Canada - for example, the reason it is expensive here is that they get under market over there. PLUS the cartel issue - reality is it should be a free market, but we are so far from that, my guess would be that the cost should be slightly higher than the cost on Canada for everyone - US and Canada, were we in a true free market. Latest tech would be more, but just like every other tech once the bleeding edge gets superseded the cost would drop a LOT. That would mean yes, rich people could get the "latest and greatest" a bit ahead of the curve, but that would hardly make a difference as most diseases now are more affected by lifestyle than by tech, PLUS it would mean more innovation and cheaper devices once they premium for the latest dropped - same way an iPhone 4S is now available for much cheaper.

Are you aware "Obamacare" added a 10% tax to medical devices? It actually makes the cartel worse, not better, than it was before. I am not saying Romney has great ideas on this, just "less bad" ones.

My claims were straight forward. Read them again and listen to just his opening statement. Nothing that you cannot find anywhere about how large the debt is, the spending on so-called jobs and infrastructure that went to cronies, unions, and corruption, the current student loan bubble and exponentially increasing cost in education, the increasing abuse of regulations, especially from the EPA and the new so-called "consumer protection" people - the litany is endless.

Specifically, I looked up the Green Party and Jill's platform and it is even MORE socialist - have you read it? You think forced theft from working people's paychecks to pay for a social security ponzi scheme is just? If any company ran a retirement plan like social security they would be sent in jail for fraud!

Thu, Oct 4, 2012 - 2:23pm
Vypuero
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I agree with Mises

but that said - that was not part of his opening statement I objected to. I could also live with something else, even somewhat socialized though I do oppose it. It could not possibly be worse than we have now, but the new law managed to make bad worse. Read Charles Hugh Smith on it - we could probably find common ground there.

Thu, Oct 4, 2012 - 2:23pm
csquared13
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sold some UCO into the spike

sold some UCO into the spike too.

damn...you guys/gals trading today or what?!? we can all bitch at each other about politics after market closes! lol

“Everybody gets what they want out of the market.” -Ed Seykota
Thu, Oct 4, 2012 - 2:24pm
hhesse
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i have received "buy in"

i have received "buy in" notices for my short zsl positions the last 2 days after several weeks of holding

hmmmmm?

Thu, Oct 4, 2012 - 2:24pm
redwood
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Looks like stocks are headed

Looks like stocks are headed south. Tomorrow's numbers will not help. But the bloodletting so far is not too bad.

Thu, Oct 4, 2012 - 2:25pm (Reply to #28537)
Titus Andronicus
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pailin wrote: Only a guess

pailin wrote:

Only a guess but his final GLTA message came within a day of the flap over his hillbillies (or whatever) Pain St comment. Correlation?

Fuck.

randomness