I’ve been holding GDX for a long time and hope it’s finally going to go up for a change. Perhaps the ECB will help out with some fresh new Euros.
Nice big triangle for GLD and looks like an important bottom has held.
False bottom in early form of triangle did not hold. Maybe the recent bottom is the real one. We’ll soon find out.
I’ve been holding Beazer Homes bonds (CUSIP 07556QAV7) for a while and watching the market value gradually go up along with the improving sentiment in the home building sector. I also like to watch the price action in the stocks of the junk bonds that I own. Beazer demonstrates the often big difference in volatility between junk stocks and junk bonds. Note especially the trend in the month of July in the charts below:
In general, TLT and VIX mirror SPY. Since June the TLT mirror has been broken, or the VIX and SPY mirrors got busted. I hope the latter are OK and the TLT gets fixed. Disclaimer: long TBT.
Junk bonds are doing well today. These usually move in tandem with SPY (and opposite TLT).
Today is a weird day. All of my stocks and funds are down, so I’m thinking ‘risk off’. All of the junk bonds I hold (that have trades today) are trading up. Normally these all go up and down together in the ‘risk on’ or ‘risk off’ market moves. The junk bond ETFs (JNK and HYG) are down with the stock market, as expected. I have no idea what this means, if anything. It’s weird and it has me scratching my armor against a tree!
All of my junk bonds that are trading today are trading at higher prices, at this moment before the Federal Reserve announcement today.
I note that every junk bond, cef, etn, mutual fund, etf and stock that I own was either up or unchanged yesterday. This is very unusual and might be significant. Perhaps it’s a prophecy of the great TLT roll over to come (when some of the ‘uncertainty’ abates).
I took a look at the market action on each of my junk bonds today. They are doing just fine and performing better than the stock market averages. From my vantage point it appears there is no HFT in the weeds of the junk bond market that I sniff around in. I note that even the popular junk bond ETFs are holding their own. Normally these ETFs move in sync with the stock market:
I’m still holding other precious metals (NGD, SLW, GDX) so I decided to take the gain on this one today.
Today I bought this bond (CUSIP 37946SAB3) at face value: GLOBAL GEOPHYSICAL SVCS INC 10.50000% 05/01/2017 SR NT. This company’s stock trades under the symbol GGS. I will be calmly collecting 10.5% interest payments for a few years, unless oil and gas explorers suddenly no longer need seismic data.
I’ve been holding GDX for a long time and hope it’s finally going to go up for a change. Perhaps the ECB will help out with some fresh new Euros.
Nice big triangle for GLD and looks like an important bottom has held.
False bottom in early form of triangle did not hold. Maybe the recent bottom is the real one. We’ll soon find out.
I’ve been holding Beazer Homes bonds (CUSIP 07556QAV7) for a while and watching the market value gradually go up along with the improving sentiment in the home building sector. I also like to watch the price action in the stocks of the junk bonds that I own. Beazer demonstrates the often big difference in volatility between junk stocks and junk bonds. Note especially the trend in the month of July in the charts below:
In general, TLT and VIX mirror SPY. Since June the TLT mirror has been broken, or the VIX and SPY mirrors got busted. I hope the latter are OK and the TLT gets fixed. Disclaimer: long TBT.
Junk bonds are doing well today. These usually move in tandem with SPY (and opposite TLT).
Today is a weird day. All of my stocks and funds are down, so I’m thinking ‘risk off’. All of the junk bonds I hold (that have trades today) are trading up. Normally these all go up and down together in the ‘risk on’ or ‘risk off’ market moves. The junk bond ETFs (JNK and HYG) are down with the stock market, as expected. I have no idea what this means, if anything. It’s weird and it has me scratching my armor against a tree!
All of my junk bonds that are trading today are trading at higher prices, at this moment before the Federal Reserve announcement today.
I note that every junk bond, cef, etn, mutual fund, etf and stock that I own was either up or unchanged yesterday. This is very unusual and might be significant. Perhaps it’s a prophecy of the great TLT roll over to come (when some of the ‘uncertainty’ abates).
I took a look at the market action on each of my junk bonds today. They are doing just fine and performing better than the stock market averages. From my vantage point it appears there is no HFT in the weeds of the junk bond market that I sniff around in. I note that even the popular junk bond ETFs are holding their own. Normally these ETFs move in sync with the stock market:
I’m still holding other precious metals (NGD, SLW, GDX) so I decided to take the gain on this one today.
Today I bought this bond (CUSIP 37946SAB3) at face value: GLOBAL GEOPHYSICAL SVCS INC 10.50000% 05/01/2017 SR NT. This company’s stock trades under the symbol GGS. I will be calmly collecting 10.5% interest payments for a few years, unless oil and gas explorers suddenly no longer need seismic data.
