OT: Are you doing anything to hedge against the possibility of BrExit….

[Coronita]

http://www.kitco.com/

gold up $18, platinum up $5, silver up 0.14…

Me thinks metal, particularly gold, is getting way over speculated. It doesn’t make sense anymore…..

Nikkei futures up 300, Dow -70, S&P -9

Part of me thinks BrExit isn’t going to happen. They’re going to revote, and some of the youngsters are going to get off their butts and vote this time around…

[SK in CV]

According to someone I know, the market is pricing in a $140 move in the S&P for the week and is likely to close this Friday $70 up or down from it’s close from last Friday.

[Coronita]

[quote=SK in CV]According to someone I know, the market is pricing in a $140 move in the S&P for the week and is likely to close this Friday $70 up or down from it’s close from last Friday.[/quote]

Interesting. I hope that’s the case….

[Hatfield]

I bought IVV on Friday and may buy some more tomorrow (Monday).

[ltsddd]

I bought a boat load of efa and ubs. also picked up some udow…..I am more or less done with the buying unless the market drops another 5-10%. Will sit on these for as long as it takes for me to make some profit.

[Coronita]

Here’s what I bought. I’ll probably get screwed..

1 UDOW
2. T and VZ
3. GE
4. MAT mattel
5. VNQ vanguard REIT ETF
6. OIL
7. BAC Bank of America
8. AXP American Express
9. MO Phillip Morris
10. XLP Consumer Staples ETF
11. XLE Energy ETF
12. Moved money into Vanguard total stock market and vanguard index 500 funds…

Most are dividend paying, some are beaten down sectors, some are pure gambles like BAC and AXP…lol…

Conveniently absent: tech stocks,lol

I’m think fed raising rates is probably off the table for the rest of the year. I’d like to think this will motivate people to go dividend hunting.

[livinincali]

UDOW isn’t really designed to be a longer term holding. It’s better for short term trend trades because there’s some built in decay. For example UDOW peaked in May 2015, but the DOW itself recently hit a higher high in Apr 2016. UDOW failed to reach it’s previous peak. You’re probably better off with DIA or an index fund if you’re planing to hold for longer than a month or two.

[spdrun]

The DOW did not surpass 2015 highs in 2016. Thankfully. UDOW may have built-in decay, but DOW didn’t set a record in 2016.

[Coronita]

[quote=livinincali]UDOW isn’t really designed to be a longer term holding. It’s better for short term trend trades because there’s some built in decay. For example UDOW peaked in May 2015, but the DOW itself recently hit a higher high in Apr 2016. UDOW failed to reach it’s previous peak. You’re probably better off with DIA or an index fund if you’re planing to hold for longer than a month or two.[/quote]

None of the leveraged etfs are for long term holds….

[livinincali]

[quote=spdrun]The DOW did not surpass 2015 highs in 2016. Thankfully. UDOW may have built-in decay, but DOW didn’t set a record in 2016.[/quote]

You’re right. Stockcharts.com has bad data for the DIA chart. Interesting.

[Coronita]

Platinum at 1002
Silver at 18.32
Gold at 1320

[SK in CV]

[quote=flu]Platinum at 1002
Silver at 18.32
Gold at 1320[/quote]

At the moment, one of those things is not like the other. Silver at its 52 week high that it hasn’t been close to before now. Gold just fell off its 52 week high that it wasn’t close to before the end of last weekend.

Pl not even close to its 52 week high, and has been higher, even substantially higher 4 times this year, and began the year much higher than it is now. It may return to being correlated though that’s unlikely. It’s not going to catch up.

None of them trade related to their utility value. They are fiats. And Platinum, not a very good one. And I suspect the non-correlative behavior of Pl will get worse, because of significantly greater supply deltas as compared to either gold or silver.

[Coronita]

[quote=SK in CV][quote=flu]Platinum at 1002
Silver at 18.32
Gold at 1320[/quote]

At the moment, one of those things is not like the other. Silver at its 52 week high that it hasn’t been close to before now. Gold just fell off its 52 week high that it wasn’t close to before the end of last weekend.

Pl not even close to its 52 week high, and has been higher, even substantially higher 4 times this year, and began the year much higher than it is now. It may return to being correlated though that’s unlikely. It’s not going to catch up.

None of them trade related to their utility value. They are fiats. And Platinum, not a very good one. And I suspect the non-correlative behavior of Pl will get worse, because of significantly greater supply deltas as compared to either gold or silver.[/quote]

Did not know that….I thought PI was more supply constrained than gold or silver since it’s only mined produced in a few countries, and because it’s also used in the automotive sector as an industrial metail for emission systems…Maybe I’m wrong about that.

[SK in CV]

What I’ve been reading lately is that, while the mined supply of platinum is still well below that of gold, the amount that is being mined annually/total supply is much larger than the same for gold. So it will continue to act as an alternative fiat to $$ and gold, but it will continue to degrade as compared to gold. The thing that’s stumping me is finding its actual utility value. Various sources are saying less than 2% of annual production is used for industrial purposes. Some are implying there are significant expected future uses. I suspect that won’t increase the value. I have a small amount. I’m considering dumping it.

[Coronita]

I am out of UDOW and AMD and BAC

[Author]

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