Devil Dog’s top pick set to explode higher.
Caution: Thinly traded, set limit orders. I’m long from $95
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Joined Jan 27, 2008
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I’m riding it also, but it would be hard to do in size.
RC:
Check out SBB. Even thiner trading but working well. I have it in a pair trade along with DIA. Been working very well so far. Basic bet here is small caps will have a ton of problems getting financing and can’t make it through this credit market while the dow members will.
Also MCO is in free fall and going lower.
msft rallying into it’s earnings
Whenever you guys need the market to move higher, just ask me to start applying hedges to my longs.
Works every time.
Don’t worry, as I am more than capable of returning the favor.
Thanks RC. You’re seeing what I’m seeing. What is your target sell? I’m looking for 142 and then reload after the real countertrend rally. Hope you make a bunch of $$$$s.
does anyone know if I can use thinkorswim to chart something in gold rather than in dollars?
If not, do you know if there’s anywhere that I can chart stock A on X axis VS stock B on Y axis? or anything like that?
Also, does anyone have a 100 year chart of gold? I guess I’ll have to google this shit.
@ lol
How about this?
http://www.chartsrus.com/
thanks cuervoslaugh. It’s crazy to look at what gold did in the 70s, and look at how flat the market was. Major relative loss of value in the dow, you just can’t see it by looking in terms of dollars.
I look at the dow staying below 1000, as gold was below 50, then we take the dollar off of the gold standard, and gold accelerated to it’s climax spike around 900, and the dow was still at around 1000
Lets see, roughly a 20 times increase in gold, should have put the dow at about 20,000, if all things were relative. so that means, the dow lost 95% of it’s value relative to gold…
Granted gold got overpriced, and horded, but even take half of that and put doe at a loss from 10,000, and it’s a 90% loss of value. 1/3rd of that about an 85% decline.
Compare that to the price of the dow and look what it would have been had gold remained the same? Dow would hit 50, a level that was only crossed over twice since 1900. once in late 1903 and crossing back above in 1905, and the other in 1932 when dow hit the bottom from it’s 1929 peak to decline.
Maybe the world won’t end.
At least with the current market action, gold has declined, and the dollar has gained in value. That makes me a hell of a lot more optomistic about the future, even though I believe we are in serious trouble, we have no reasons to eat dirt if dow hits 1500.
Now if gold multiplies 20 times WHILE dow hits 1500, then get used to the taste of dirt.
I think the rising dollar is a head fake.
I need to put the dollar’s decline correlated against the DOW rise to find out if we’re at proper levels with the decline in market and rise of dollar – my gut is telling me something is goofy there.
As for AU – I still like shiny metals and the Japanese yen.