While I am in the PM bull camp, for now anyway, I always rely on looking around me to get a feel for where things are headed. I do look at government numbers and take them with a grain of salt, but I do not think is a conspiracy of manipulation.
I travel a bit for work, and the difference between now and two years ago is remarkable. Everywhere I go I see packed restaurants, hotels, airports, roads. Yes, perhaps there is more unemployment than I'd like to see, but the unemployed aren't the ones buying houses, cars, etc. And speaking of yesterday's housing numbers, I would expect nothing less for this time of year. Again, I compare the numbers to two years ago. When I look at real estate sales listed weekly in my local paper there are easily three to four times as many. A good friend is a high-end home builder. He is seeing increased business.
My biggest fear now for all of my PM trades is that the fear trades may be unwinding. Sure there are plenty of people who will not sell their PM's until the reach a stratospheric range, but you see by the recent decline in treasury prices that people are selling them and looking into equities. I doubt they are rushing from t-bills into gold or silver.
I do see further upside yet, and even bought more NUGT and I'm looking for a re-entry point after exiting my AGQ position last week. But I'm just not quite as bullish as I was a year ago.
And, I'm certainly no chart expert, but doesn't the pennant your chart shows indicate a major move, but does not indicate with a great degree of certainty which direction? Personally I hope you are correct and that move is up.
Big Changes In Axion's FINRA Short Sale Ratios [View instapost]
Yeah, 48. I believe you are correct. I try to keep up with all the news, APC comments, John's articles, PR's, FINRA data etc. and even though I can't find time for everything I find enough time to do enough research to know that we are very close to a major shift. I have a rule in that I rarely recommend stocks to my friends other than those that are in the business. Most retail investors don't understand the risks well enough related to development stage companies. In the case of Axion, I am very close to recommending because I am very close to believing this company is a sure thing.
Axion Power Concentrator 202: Jan. 24: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
Glad to help. I have not recently totaled up my shares and costs from different accounts, but I think I am at an average pps of around .37. I feel very strongly that in 3 years or so I will not worry too much about how much I overpaid for this bunch. I feel better every day about my holdings here.
Axion Power Concentrator 202: Jan. 24: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
I have to apologize to all of you. In my excitement I bought a fairly large block when we were recently around .375 and it immediately caused the price to drop. Works like death and taxes. I'll warn you next time so you can take advantage of my misfortune
Silver: Do You Think It Is Breaking Out? [View article]
Avi,
Thanks for the article. While I am not a firm believer in your methodology YET, I do pay attention to what you say. Almost coincidentally I exited my small AGQ position yesterday for a nice 14% profit in a week. I'll start looking for a new entry point and would load up the truck at your numbers. I use AGQ for some short term trading as I feel it has very low risk. I only trade stocks that I feel have nowhere to go but up in the long-term. I'm long the miners.
3 Gold Miners With Recent Intensive Insider Buying [View article]
Yes, Uncle. And the number of shares certainly leads one to believe they were not purchased on the open market in a normal trade. And I really can't get too excited about a few hundred share buy of a $7 stock.
That is not to say I disagree with the author on these mines. I am somewhat bullish on the PM mining sector and have a good position in a number of them.
Junior Gold Miners Are In The Game Again [View article]
Yes Rick, you have to be careful with "juniors". As put by the gentleman who first got me interested in the miners 35 years ago, Roland Manarin in his book "Manarin on Money", many gold mines are just a hole in the ground with a liar standing on top.
Housing And Financial Stocks Could Crash As Interest Rates Rise [View article]
Exactly, Seth. Low interest rates are certainly not helping housing. What will get housing really jumping is increasing interest rates. That will get people thinking "I better hurry up and make a move before rates go any higher". Banks will then be more willing to lend money as well. Takes the same amount of overhead to write a loan for 3% as it does for 5%. Plus, higher rates will give savers more confidence along with the extra money in their wallets. There are a LOT of people that rely on the interest from their savings and money market accounts. As soon as rates are back up in the 4-5% range they will start spending more. It's low rates that are holding the economy back, but they won't last forever. Higher rates are a boon for housing and banks.
Axion Power Concentrator 197: Jan. 13: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications [View instapost]
I paid more today for another block than I would have had to, but I was not able to be near my computer for a bit so I put in a buy with a limit price of .38. I haven't looked yet to see what the actuals were but I know it was a bit less. I just figure that in a couple years I won't miss that extra penny I paid for this bunch.
Axion Power Concentrator 196: Jan. 11: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications [View instapost]
It was Mr. Appel who turned me on to Axion 3 years ago when I was a subscriber. I bought my first shares at $2.10 then and still have them. He advised to sell at some point around .40 as I recall, and in hindsight should have listened and bought back later. I'll just wait for the moon shoot.
Dear growth investors: Earnings growth is getting hard to find and is increasingly concentrated to fewer big firms (last year: financials). If Fed help is less effective, where to find growth in 2013? Sectors that might see better sales-boosting chances: consumer discretionary (on rising consumer optimism), and those that get their revenues from China and emerging economies, like GM and industrials, as well as those based in emerging markets. [View news story]
Should be a big year for financials, as long as you ignore all of the negativity and pay attention to what is really happening, which is recovery. AIG is my favorite and like BNCN and looking into other regional banks where housing is improving.
Also Domestic energy producers. Along with recovery there is increased need for oil and gas. Like MHR, NFX and PTEN.
Energy storage and alternative energy could have a breakout year once we get past all the backwash from Solyndra, A134, etc. When the market starts driving rather than ill-advised government intervention the clear winners will emerge.
Favorite here is a small battery company AXPW. Also ZBB and XIDE.
3 Ugly Ducklings That Could Turn Into Swans Early In 2013 [View article]
Thanks for the update , Bret. I first bought SFY in the summer after investigating the company following an article of yours. Bought more when it started falling and lowered my average cost. While the entire sector was being battered it seemed to tank more than my other O and G plays even though it is a solid company.
More solid news on the economy this spring will keep the energy stocks moving up, IMO.
Market recap: Stocks added to losses in the final half-hour of trading following reports Pres. Obama is not making a new offer at today's White House meeting on the fiscal cliff. Leading the declines were energy, materials and industrial stocks, as all 10 S&P sectors and all but one of the 30 Dow stocks closed in negative territory despite a pair of economic reports (I, II) that beat expectations. [View news story]
Tack, that is one of the best posts ever on SA. You certainly hit the nail on the head. It's win-win for Obama. Everything is playing out just as he wants it to and he can blame the republicans.
I'm still very bullish on the economy based mainly on fundamentals, but it will be interesting to see what plays out in the next few days/weeks. I anticipate some panic-selling coming along and will be ready to take advantage.
Market recap: Stocks added to losses in the final half-hour of trading following reports Pres. Obama is not making a new offer at today's White House meeting on the fiscal cliff. Leading the declines were energy, materials and industrial stocks, as all 10 S&P sectors and all but one of the 30 Dow stocks closed in negative territory despite a pair of economic reports (I, II) that beat expectations. [View news story]
Agreee there, Al. I travel a bit for work, and everywhere I go I see the same thing. It's the main reason why I have been an equities buyer over the last couple years while many people have been crying "the sky is falling".
The Government's War On Truth [View instapost]
While I am in the PM bull camp, for now anyway, I always rely on looking around me to get a feel for where things are headed. I do look at government numbers and take them with a grain of salt, but I do not think is a conspiracy of manipulation.
I travel a bit for work, and the difference between now and two years ago is remarkable. Everywhere I go I see packed restaurants, hotels, airports, roads. Yes, perhaps there is more unemployment than I'd like to see, but the unemployed aren't the ones buying houses, cars, etc. And speaking of yesterday's housing numbers, I would expect nothing less for this time of year. Again, I compare the numbers to two years ago. When I look at real estate sales listed weekly in my local paper there are easily three to four times as many. A good friend is a high-end home builder. He is seeing increased business.
My biggest fear now for all of my PM trades is that the fear trades may be unwinding. Sure there are plenty of people who will not sell their PM's until the reach a stratospheric range, but you see by the recent decline in treasury prices that people are selling them and looking into equities. I doubt they are rushing from t-bills into gold or silver.
I do see further upside yet, and even bought more NUGT and I'm looking for a re-entry point after exiting my AGQ position last week. But I'm just not quite as bullish as I was a year ago.
And, I'm certainly no chart expert, but doesn't the pennant your chart shows indicate a major move, but does not indicate with a great degree of certainty which direction? Personally I hope you are correct and that move is up.
Thanks for the article.
7 Signs Of An Emerging Silver Shortage [View article]
I'll be very happy if gold drops all the way to $1000. Only if my miners revert to the price they were at those bullion prices, LOL
Big Changes In Axion's FINRA Short Sale Ratios [View instapost]
Axion Power Concentrator 202: Jan. 24: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
Axion Power Concentrator 202: Jan. 24: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
Silver: Do You Think It Is Breaking Out? [View article]
Thanks for the article. While I am not a firm believer in your methodology YET, I do pay attention to what you say. Almost coincidentally I exited my small AGQ position yesterday for a nice 14% profit in a week. I'll start looking for a new entry point and would load up the truck at your numbers. I use AGQ for some short term trading as I feel it has very low risk. I only trade stocks that I feel have nowhere to go but up in the long-term. I'm long the miners.
Appreciate you sharing your work.
3 Gold Miners With Recent Intensive Insider Buying [View article]
That is not to say I disagree with the author on these mines. I am somewhat bullish on the PM mining sector and have a good position in a number of them.
Thanks to the author for the article.
Junior Gold Miners Are In The Game Again [View article]
Housing And Financial Stocks Could Crash As Interest Rates Rise [View article]
Axion Power Concentrator 197: Jan. 13: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications [View instapost]
Axion Power Concentrator 196: Jan. 11: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications [View instapost]
Dear growth investors: Earnings growth is getting hard to find and is increasingly concentrated to fewer big firms (last year: financials). If Fed help is less effective, where to find growth in 2013? Sectors that might see better sales-boosting chances: consumer discretionary (on rising consumer optimism), and those that get their revenues from China and emerging economies, like GM and industrials, as well as those based in emerging markets. [View news story]
Also Domestic energy producers. Along with recovery there is increased need for oil and gas. Like MHR, NFX and PTEN.
Energy storage and alternative energy could have a breakout year once we get past all the backwash from Solyndra, A134, etc. When the market starts driving rather than ill-advised government intervention the clear winners will emerge.
Favorite here is a small battery company AXPW. Also ZBB and XIDE.
3 Ugly Ducklings That Could Turn Into Swans Early In 2013 [View article]
More solid news on the economy this spring will keep the energy stocks moving up, IMO.
Market recap: Stocks added to losses in the final half-hour of trading following reports Pres. Obama is not making a new offer at today's White House meeting on the fiscal cliff. Leading the declines were energy, materials and industrial stocks, as all 10 S&P sectors and all but one of the 30 Dow stocks closed in negative territory despite a pair of economic reports (I, II) that beat expectations. [View news story]
I'm still very bullish on the economy based mainly on fundamentals, but it will be interesting to see what plays out in the next few days/weeks. I anticipate some panic-selling coming along and will be ready to take advantage.
Market recap: Stocks added to losses in the final half-hour of trading following reports Pres. Obama is not making a new offer at today's White House meeting on the fiscal cliff. Leading the declines were energy, materials and industrial stocks, as all 10 S&P sectors and all but one of the 30 Dow stocks closed in negative territory despite a pair of economic reports (I, II) that beat expectations. [View news story]