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gold is getting raped

post #1 of 23
1/18/06 at 7:58pm
Thread Starter 
man every stock on my gold watch list is down an average of liek 4.5%. They were all down yesterday too.


im SOOOOOOOOOOO glad i got in a gold stock yesterday morning (mdg) before gold took a complete shizer

Im gonna dump the POS tommorrow if it closes below 12 day ema today
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post #2 of 23
1/18/06 at 8:06pm
So let me understand.. you waited for gold to go from 200 to 550, the highest level in over a decade, then you buy?
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post #3 of 23
1/18/06 at 8:14pm
Thread Starter 
shut up! all i heard was talk about how it was going higher and higher, some analyst saw it going to 800 blah blah blah.

whatever today sucks im going to drink my pain away tonight. i was rocking the market last two weeks then today i just got slammed. the MM's purposedly fished down to my stop sell on mdg today to knock me out at a 5% loss and of course, it was at the low of the day and goes right back up. i swear to god if gold goes up big and recoveres tommorrow and beyond
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post #4 of 23
1/18/06 at 8:17pm
Sorry to hear about your hit, the market is a cruel mistress.

Dont worry, you cant win them all!
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post #5 of 23
1/18/06 at 8:23pm
Gold is volatile; it’s going to fluxgate every now and again and without the risk the rewards usually aren’t as impressive. With the correction most are seeing today there maybe some nice buy in levels to be had.
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post #6 of 23
1/18/06 at 8:27pm
what are gold stocks over $5
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post #7 of 23
1/18/06 at 8:29pm
Thread Starter 
Quote:
Originally Posted by Stu
Gold is volatile; it’s going to fluxgate every now and again and without the risk the rewards usually aren’t as impressive. With the correction most are seeing today there maybe some nice buy in levels to be had.

i also refuse to buy again on stocks i lost allready on, so u wont see me buying gold related items for a while again

im still ahead on my 5% a week goal so i cant cry i guess but i was so used to kicking tail all January didnt have one stock loss until today rawrrrr need a case of MGD for my loss on mDG
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post #8 of 23
1/18/06 at 8:40pm
how about kry jim cramer mentioned this 2 dollar stock, does anybody has any idea on this canadian gold stock
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post #9 of 23
1/18/06 at 8:56pm
Tech,gold is by no means through yet....its definitly going to correct here as alot of these buys are in anticipation of market conditions that have not arrived ...yet eg: inflation . But let me say here gold is going to and above 800. imo, but this is an ANNUAL trend im predicting here not just a quick in up & out. That we will make $ on these little runs here & there i have no doubt...but the fun has not even begun yet,imo
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post #10 of 23
1/18/06 at 8:58pm
Start trading pennies, then will see if you complain about a 5% loss.
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post #11 of 23
1/18/06 at 9:02pm
aurc .042-.085
eglxf,well look at the chart I know you dont play pennies much anymore tech but.....
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post #12 of 23
1/18/06 at 9:18pm
Thread Starter 
its not that i dont want to, i CANT...i cant stare at L2 all day at work.

anyways im over it. a lesson learned i chalk it up as. wait for corrections on an industry play rather than getting in when its screaming high. I dont know why i didnt apply my basic charting 'buy on dips theory dont chase ' to gold, but i think i was muddled because MDG's chart itself looked poised for a bounce higher...i didnt factor in gold as another outside catalyst.
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post #13 of 23
1/18/06 at 9:20pm
wouldnt this be a perfect time to buy into weakness??
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post #14 of 23
1/18/06 at 9:29pm
Its usually the other way around, we raping the planet and indigineous cultures for the prescious metal.



RAPE GREED MURDER ....just another day on wall st.

Just dont get caught wearing the wig, or droping the gold bar in the shower

lol
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post #15 of 23
1/18/06 at 10:15pm
Wow, gold has a little correction and people are jumping out of windows?!
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post #16 of 23
1/18/06 at 10:47pm
Thread Starter 
Quote:
Originally Posted by MindOverMarkets
Wow, gold has a little correction and people are jumping out of windows?!

i allready jumped out a window luckily it was a 1st floor window so all i did was break a toe
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post #17 of 23
1/18/06 at 10:59pm
lol

Its time to get INTO gold...


GG looks good, and Q4 should be pretty good.

Getting in soon
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post #18 of 23
1/18/06 at 11:29pm
Been following gold and silver for months - It's time to get in again. These dips only last a few days and we'll see a fairly steady rise - should be above $600 by Apr. maybe sooner - jmo - buying silver May options is also a good idea.
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post #19 of 23
1/19/06 at 12:05am
Thread Starter 
wtf? was there a flurry of buying gold in the last 10 minutes? all my watchlist was down like 5-6% and now its only down like 2%

sooo frustrated...
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post #20 of 23
1/19/06 at 12:11am
Thread Starter 
woah this is weird all the stocks are screwy. i know for a fact DDD was up 8-12% all day, yet http://finance.yahoo.com/q?s=ddd says only up 0.38%? the chart doesnt even reflect that. same with stocks like gbn and mdg the chart doesnt show it go up and i swear iu saw all the prices at closingbell down 5% yet now it says only down 1-2%...weird...
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