afm199
Well-known member
I'm the guy who bought Krugerrands at $400 and under and won't be buying any Gold at $1800.
-
There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.
2020 Investment Thread
- Thread starter afm199
- Start date
- Status
I'm the guy who bought Krugerrands at $400 and under and won't be buying any Gold at $1800.
rodr
Well-known member
Thanks, you made me look up XAU Ratio.
Yes, today's observation definitely goes against the recent past trend and suggests I'm not alone with my new-found interest in the mining companies.
Blankpage
alien
Thanks, you made me look up XAU Ratio.
Yes, today's observation definitely goes against the recent past trend and suggests I'm not alone with my new-found interest in the mining companies.
It used to be something that mattered and people would pay attention to. With the introduction of the GLD SLV and ETF’s it’s no long the same indicator it used to be. More paper gold being mined than real gold isn’t good for miners.
scootergmc
old and slow
- Joined
- Aug 14, 2003
- Location
- Land of cows and silage
- Moto(s)
- Honda HT3813 (x2), Cub Cadet 147,
Oliver 1655, Super 88,
Cat 15 (x2)
rodr
Well-known member
Today I found this interesting article and video discussion of precious metals and their mining stocks:
https://goldseek.com/article/expect-big-move-gold-silver-and-mining-stocks-year
Also touching on overvaluation of Bitcoin and Tesla, and a predicted market crash.
Grain of salt and all that.
Blankpage
alien
Today I found this interesting article and video discussion of precious metals and their mining stocks:
https://goldseek.com/article/expect-big-move-gold-silver-and-mining-stocks-year
Also touching on overvaluation of Bitcoin and Tesla, and a predicted market crash.
Grain of salt and all that.
Listening to gold traders for market analysis and opinion is like listening to Fox and Hannity for political opinion. They’re just as biased and one sided. Sure they could be right but they’ve been preaching the same story for 20 years or more.
If I was looking at mining stocks I’d start looking at FCX but I haven’t followed them in years so not sure what they’re up to lately. Stock in the smaller miners seem to be all over the place but a little bit of hype around one impacts them all.
Depends if you’re trader or an investor. If an investor don’t gamble on the miners just own the physical.
afm199
Well-known member
Yeah, I do agree. NEM is considered one of the better gold stocks. I only own bullion when it comes to gold and silver.
I was planning on buying some NEM this morning, but it was up 2.5-3% in pre trading before the market opened, so I bought a few MSFT instead when it hit $215. I expect that tomorrow is going to be a bit of a shit show because of the Georgia runoff.
I also bought some REITs, AGNC, O, and TWO. A little worried about TWO's price dropping significantly more in the short term, but think it will be good regardless long term.
Edit: Will have to see if I have any money left to buy some AHT, that looks very speculative/interesting, and a share goes for less than a cup of coffee in most places except McDonalds!
Edit: Will have to see if I have any money left to buy some AHT, that looks very speculative/interesting, and a share goes for less than a cup of coffee in most places except McDonalds!
Last edited:
I haven't even got my investing books yet - so maybe this question is premature. But I noticed that my online broker has a feature that allows me to buy and sell stock when it hits certain prices. I imagine there's probably more complicated ways to chain things too.
I was thinking about just playing with it - like a machine - AFTER I get some experience with manual trades. Does anyone else do this?
I was thinking about just playing with it - like a machine - AFTER I get some experience with manual trades. Does anyone else do this?
rodr
Well-known member
Not sure what you're referring to, but you can place a limit order to specify the price you're willing to buy or sell at. That way the trade happens only when (and if) your price is reached.
Your online broker probably has a demo mode/option where you can familiarize yourself with the software without using actually money. I've only done limit orders and an occasional market order, but there is a trailing limit option that I've been meaning to check out.
NorCalAthlete
O_o
Still noobish at trailing limit / stops myself but IIRC -
Say a stock is trading at $100 and you're bullish. You can set up an order to purchase it at $100, with an automatic sell if it dips to $95 to minimize your losses, and an automatic sell if it hits $120 to lock in your gains. Trailing limit means you can set it so that it sells any time it dips X amount beneath its current peak - so for example if it hits $120, trailing limit would sell if it dipped back down to $115, rather than $95.
Make sense?
Say a stock is trading at $100 and you're bullish. You can set up an order to purchase it at $100, with an automatic sell if it dips to $95 to minimize your losses, and an automatic sell if it hits $120 to lock in your gains. Trailing limit means you can set it so that it sells any time it dips X amount beneath its current peak - so for example if it hits $120, trailing limit would sell if it dipped back down to $115, rather than $95.
Make sense?
afm199
Well-known member
Correct. Though in today's modern markets, particularly with ETF's, day flash crashes are common ( when the market moves 200-500 points up and down in one day) and ETF's can get hit hard. And what that means is you can watch your $100 ETF get stopped out at $95, and the watch the ETF price climb up to $120 in the same day.
I don't use stops.
Blankpage
alien
Plus the chance the stock drops below your stop in the after hours and next morning market opens with stock still below stop, order kicks in and sells at $60 instead on $90.
Killroy1999
Well-known member
Stop Losses: I have heard multiple times from folks on Youtube talking stocks that Stop Losses not a great tool to use. YRMV.
Thanks, that is my understanding of it as well. I think my brokerage website only has trailing stop loss order types, but think that their fancier computer program has a trailing stop limit order. So if you want to sell a stock that is climbing, you set the stop for x dollars/percentage below what it currently is. If follows and adjusts as the stock climbs but remains stationary when it drops, and a limit order at or a specified dollar/% below the stop is initiated, and you will only sell at or above the limit, no market order is ever given. I could see that being useful, but who knows, maybe the stocks I have are too bouncy for it.
Yes - something like https://www.investopedia.com/terms/c/conditionalorder.asp
Yes - the one I use has tons of information - now reading about what you are talking about.
YES - I am realizing that there are many permutations of this, BTW as well multi-contingent, OTO, OCO, etc.
I think what I need to do is wait for my "The Intelligent Investor" book to come in so I can get right with god, really work to understand how the market works, etc. . . One thing that I have learned in my short studies is that FOMO could really f-me-up.
Caddywumpus
4N631
After seeing some boys in blue rolling to something fast, explorers lot up like Christmas... I want to take one for a spin
- Status