It’s official, ladies and cement heads (CH): the bull market in precious metals is over. As a matter of fact, the bull market in the miners has been over for many months, unbeknownst to the evil dictators at CNBC.
As you sashay in and out of gold stocks, the general market is shitting on them. Would you like evidence or proof of my outrageous claims?
BASED UPON THE IRREFUTABLE LAWS OF SUPREME MATHEMATICS, IN ALL OF ITS WISDOMDRY, I GIVE YOU ACCESS TO A MERE LOOK INTO A NEW TOOL (no sykes) DEVELOPED BY THE GODLY FOLKS OVER AT iBANKCOIN.
BEHOLD:
Just so you know, that is our new correlation tool, IN BETA (fuckface), built to track all stocks and all sectors, allowing our members to know where the money is flowing. In this case, as evidenced by the ratios provided above, gold miners have vastly underperformed the SPY.
We’ll be releasing all of this shit, AND MORE, upon the rebirth and launch of The PPT 2.0.
[youtube:http://www.youtube.com/watch?v=e1Xl6qEWmCY 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
When is PPT 2.0 being released?
By summer
“sashay” lol
Why does it say Accident & Health Insurance?
Because it’s in BETA and hugely glitchy. That is gold, however.
We have over 200 industries in PPT
That video was actually pretty depressing, not the thought of living in Detroit depressing, but depressing nonetheless. Is Jeremy just going to slap naysayers with Gold plated SSD’s?
it’s all about the music, pal
About to watch the Great Kenny Powers, the Fiance can not wait! She’s already one glass deep, REJOICE, for it is time to hear the sermon of the great one! Also, if anyone hasn’t seen this you need to
http://www.youtube.com/watch?v=0lhzsPPHH7I&feature=related
FYI, the header in your “Example” says “Accident and Health Insurance.”
PAL!
_____________
MAYBE YOU SHOULD PUT THE BIFOCALS BACK ON AND BEAR WITNESS TO WHERE IT SAYS “GOLD”
As a rule, I attend to the subhead only, and eschew all extraneous bolded headers.
As a wise men once said “The Sub-head tells the tale.”
_____________
touche
And 12 months? I “Pffffffff!” at your mere 12 months.
How could one expect the cement to even half-dry in 12 months?
_________
The average attention span of the readers here is 2 hours.
Good point.
____
http://answers.yahoo.com/question/index?qid=20080618091024AAJcgJ0
just put 5% of my long term portfolio in “gold” last week, so you are probably correct.
Actually, and oddly enough, there is no better investment than gold/silver when the market bottoms. The only problem, after risk is back on, people trade out of them into highly spec names.
but the interesting thing about “Risk On” as it always seems to be followed by “Risk Off.” But i suppose that will come to an end at some point…
Does the decline in gold portend a decline in the market? Methinks it does…. Senior Le Fly? Your thoughts?
I don’t think so. I believe people are trying to eat their cake and have it too.
Pigs at a trough. When the trough runs dry they will eat each other. Bring the cannibalism!
Clearly, gold is a beaten down “sector”. Does that mean that it may return in force or that the S&P needs to catch up?
Fly, I agree that on average, miners have sucked for the past year. So I agree that one thing that could mean is that the gold market is over.
OTOH, isn’t it also possible that the gold bull market has simply had a pullback in the past year? If so, I would think that the miners must be something like oversold and so likely to rally at some time this year.
The gold bull market over I meant to say in 1st paragraph.
“The PPT is flagging OVERBOUGHT for ZSL and OVERSOLD for a variety of silver/gold stocks, like EXK and NGD. And, to boot, UUP is flagging OVERBOUGHT on our 12 month algorithm (ranges are measured over 12 month time frame). Make no mistake, these flags are some of the most accurate indicators in the algorithm and have always made me money”
Precisely.
I mentioned above, gold and silver do best when the market bottoms, then lags.
I bought EXK @ 9.15 and NGD @ 10.05 due to the above mentioned post. So if your PPT algo’s say to sell, then out they go. Appreciate it, IBankedALotofCoin.
It is not saying sell.
This is a look at the correlation between gold miners vs SPY. The point: other industries have been much better investments.
When you say ZSL is overbought what is your timeframe? A couple of days? Then I agree. A couple of weeks/a month? Be careful as ZSL will eventually go to 22+. Potential double bottom in the works. My opinion of course.
10 days top
What about silver?
same
Hi, Hack. Good point. However, I still am wondering about the strength of miners going forward. Going by the past year, they are weak and underperforming the S&P, so there is no evidence yet that they are a decent performing sector, whether oversold or not.
OTOH, if at some time in the future they start perking up, indicating that this past year has been a temporary pause in a bull market, then I want to invest. I guess the jury is still out.
you got to be kidding me that ZSL is overbought, the range in the last 3 months is from 8-18 and is now sitting at 9.50
The algo doesn’t give a fuck where it was 12 mos ago.
BTW: PPT nailed ZSL and the miners right after I wrote that.
52 is a critical level for GDX.
GDX is always critical and is a POS, but only to those that “invest” in it. However, if used to front run the gold bugs it can be profitable. Think of it as a 3X ETF.
Bull market hasn’t even startd. So Boolish!
(Probably a “D.” plan to take “R.” votes away for an “I.” R. Paul, but…still…)
http://www.youtube.com/watch?v=reCpV1YHuYs&feature=youtu.be
The irony the type of people who watch emptyV are the first type of people to cause a massive riot that leads to Marshall law as they riot to protest it in fear it happens. Self fulfilling prophesy if it happens.
could be…?
Love the video!! I was laughing inappropriately, don’t tell anyone.
I’m long one miner, but they are fund diversified through different metals and market. I bought them cheap as fuck, and this fucking roller coaster has to end soon. At which time I will liquidate this small position and perhaps buy the fiance a new Rover, Indeud! Stevie Janowksi and Alf must be relatives.
Why is it saying accident and health insurance??? show gold stocks correlation
It says gold above that, fucker.
The menu just reset after I scanned gold. It’s still in beta you dumb son of a bitch.
Then, I won’t be buying no accident and health insurance stocks. Thanks. But, I will keep buying gold as it’s not excluded on your data sheet.
I AM GOING TO MURDER ALL OF YOU. IT’S GOLD GOD DAMNIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Plz. Not so loud. I have a headache.
So the most recent pullback in gold has no room to rebound? Sentiment is influenced by inflationary news, so it seems to me as long as oil stays high and the printing presses have freshly printed Euros, there is an ample supply of inflationary news to feed the gold bugs. I might be drinking Koolaid, but FWIW it seems probable that gold is just consolidating after the recent spike before the buying resumes. Gold miners are more undervalued than gold itself, so my money is on the leveraged miners.
Why is it saying accident and health insurance?? Huh?
FUCK YOU ASSHOLE. IT’S GOLD. CAN’T YOU FUCKING READ?
My pick of the year was short SLW