Hot Pick Of The Day

[New-born baby]

New-born,
I've got 3 big winners : oil/gas EGY , banking APAB , hurricane repair HOM. Maybe I should take some profits ? Maybe they're all good in this economy? Go to all cash and see what develops ? Thanks, NB.

billyjoe

I would run to cover right now. This market is going to retrace big time, imho.

[New-born baby]

Bearish charts

There are many bearish charts out there, and I would suggest that one consider respecting them. I am going to post a series of charts that I watch.
I'll post the PnF because it is computer generated and not just something that I have done--i.e. emotion free.

Here's GEHL:

[New-born baby]

Bearish SU chart

Here's a fav of mine, but the bears have moved in on her:

[New-born baby]

Vlo

Another bearish chart that begs to be shorted:
VLO

[noshadyldy]

TEVA just came back up for the 200DMA kiss good-bye .

(not my find. it's an alpha king trade)

[New-born baby]

Thank you!

TEVA just came back up for the 200DMA kiss good-bye .

(not my find. it's an alpha king trade)

Noshadylady,

Nice pick. Sick chart, and $32 target.

[New-born baby]

NOshadyGOLDlady

Shady,
Remember when we spoke of GOLD? I told you gold would, in long term, hit $3k per ounce? Well, read this:

http://www.mrswing.com/artman/publish/article_2194.shtml

[noshadyldy]

Shady,
Remember when we spoke of GOLD? I told you gold would, in long term, hit $3k per ounce? Well, read this:

http://www.mrswing.com/artman/publis...cle_2194.shtml

Thanks NB. Very interesting article. Explains alot.
Brings me to a couple of questions.
The #1 gold ETF? Would that be GLD?
and
How does one invest in a foreign exchange using foreign currency? I have no doubt that the USD is truly "funny money" which is eventually doomed to be exposed.
Since many of us are doing our big investments through our places of employment and in 401K/403B's, buying large chunks of the actual metal won't work. It has to be some sort of stock/fund/etf. (am I wrong?)

What foreign currency do you think is the most stable over the long run?
Thanks again for so much help.

[skiracer]

Your best bet would be GLD. That is the gold ETF. I don't think it is necessary to trade foreign currency on a foreign exchange. You can buy any currency you want right here on our own exchanges with our own currency.
At $65 I think the gold ETF might be a decent entry as it has already gone above $70. Gold trades at 10 times more than what the ETF trades at. If gold is trading at $650 then GLD would be trading at $65.00. The ETF is like holding a basket of the best known gold stocks. I think the ETF is a great way to participate in gold yet be safe to a larger degree.

[noshadyldy]

Your best bet would be GLD. That is the gold ETF. I don't think it is necessary to trade foreign currency on a foreign exchange. You can buy any currency you want right here on our own exchanges with our own currency.
At $65 I think the gold ETF might be a decent entry as it has already gone above $70. Gold trades at 10 times more than what the ETF trades at. If gold is trading at $650 then GLD would be trading at $65.00. The ETF is like holding a basket of the best known gold stocks. I think the ETF is a great way to participate in gold yet be safe to a larger degree.

Thanks Ski, but i'm still missing something. If I trade currency, great, I now have euros or whatever. But can I trade in them? If not, I'm holding for example GLD for 5K USD that may be devalued daily or at some point, dramatically fall. Can I hold GLD (or whatever) in a foreign currency?
It's a bummer to have to worry about not only the falling of your holdings, but the falling of the currency in which you hold them as well. (once again, thoughts of my sainted polish grammy come to mind with stories of worthless paper once Tsar Nicholas was overthrown. Actually, she was White Russian, part of who's territory later became Poland, which is why she was holding the money as well as a picture of the Tzar and his family. just another tidbid of information about NSL's background)

[DSteckler]

Thanks NB. Very interesting article. How does one invest in a foreign exchange using foreign currency? I have no doubt that the USD is truly "funny money" which is eventually doomed to be exposed.

Move to the hinterlands of Montana and bring plenty of toilet paper, because the sky is falling....<VBG>

The easiest way to invest in a foreign exchange using foreign money is to move to a foreign country. The next easiest way is to open an account with a brokerage firm in a foreign country...but be prepared for a sudden "interest" in you by federal authorities.

[New-born baby]

Move to the hinterlands of Montana and bring plenty of toilet paper, because the sky is falling....<VBG>

The easiest way to invest in a foreign exchange using foreign money is to move to a foreign country. The next easiest way is to open an account with a brokerage firm in a foreign country...but be prepared for a sudden "interest" in you by federal authorities.

Open an account with IB--which you have NOshadyGOLDlady--and invest in Canada. Easy

[skiracer]

Thanks Ski, but i'm still missing something. If I trade currency, great, I now have euros or whatever. But can I trade in them? If not, I'm holding for example GLD for 5K USD that may be devalued daily or at some point, dramatically fall. Can I hold GLD (or whatever) in a foreign currency?
It's a bummer to have to worry about not only the falling of your holdings, but the falling of the currency in which you hold them as well. (once again, thoughts of my sainted polish grammy come to mind with stories of worthless paper once Tsar Nicholas was overthrown. Actually, she was White Russian, part of who's territory later became Poland, which is why she was holding the money as well as a picture of the Tzar and his family. just another tidbid of information about NSL's background)

I think your fears are unfounded. The US dollar isn't going anywhere. There will be up and down periods but the world relies on the US and our money isn't going to fail. I would be much more concerned with foreign currencies failing or being disrupted.

[noshadyldy]

Wiseguy

[QUOTE=DSteckler]Move to the hinterlands of Montana and bring plenty of toilet paper, because the sky is falling....<VBG>

Yhea, well you're just lucky grammy's not here any longer. She'd whoop the tar outta you!

[gerihearne]

mflx

Hey, NNB: how are u?
wondering if u had time .. would u update your charts and your thoughts on mflx?

Cordially,
Geri