Gold in down the Canadian dollar is down , silver is down ....

[the old maxx50]

Does this mean the US dollar is up.. and that their economy is turning a round ..

Personally i don't see it .. but then i live on an island in more ways then one ..


From a investment trading point of view .. buying gold futures seem an option What is a good place to do that.

And the Four X is looking good for betting the Canadian dollar will rise back up on the Green back How quickly i don't know ..

Silver .. a that is one precious mental that is now under valued and toke a 30% dip .. a lot of room for some big gains ..

I got the money but not sure how to play this ..:fear:

 

[mikem1]

Best thing to do if you believe in the whole gold/silver story is to buy the central fund of canada (CEF.A) on the TSX. The central fund holds 53% gold and 47% silver in bullion. The fact that it is traded on the TSX makes it very liquid.

 

[deathreborn]

oil is down too. but the decline in the dollar offsets it so we won't see any relief at the gas pumps.

 

[Ceasar]

I agree with what Al says here. Stay away from paper certificates for gold and /or silver. These are ponzi schemes. They are selling 20 certificates for every physical they have. If you are interested, the bullion dealer I use is SilverGoldBull.com. They have been very professional with me. The market being down a bunch over the last week is a great buying opportunity IMO.

If you are looking for a place to put money and you believe the market is trending down, then check out inverse ETF's. Check out this link.

http://www.tradermike.net/inverse-short-etfs-bearish-etf-funds/

 

[storm rider]

Does this mean the US dollar is up.. and that their economy is turning a round ..

Personally i don't see it .. but then i live on an island in more ways then one ..


From a investment trading point of view .. buying gold futures seem an option What is a good place to do that.

And the Four X is looking good for betting the Canadian dollar will rise back up on the Green back How quickly i don't know ..

Silver .. a that is one precious mental that is now under valued and toke a 30% dip .. a lot of room for some big gains ..

I got the money but not sure how to play this ..:fear:

As an alternative to gold/silver pay attention to Grand Cache Coal....GCE on the TSX......thanks to the panic-selling idiots the stock has dropped a lot lately....it closed at just above $4 a share today and it will go lower....I am praying it hits the 2009 low of 50 cents a share so I can throw $10,000 at it and then sell later on down the road when it has recovered to $7+ a share....another good stock to look at that has been beaten down but not as badly is Parkland Fuel Corp....PKI on the TSX....under $9 a share and the stock pays a monthly dividend of .085 cents a share monthly which if it is enrolled in the DRIP you get a 5% discount on the monthly aggregate price of the shares and you dont pay a brokerage fee.....this is the good kind of snowballing :clap2:

SR

 

[Fudd]

Why can't people admit the capitalist system does not work. It never has and it never will. Just take a look at the unequal distribution of wealth in our country. You have CEO's of companies making millions of dollars and year but you have people at Starbucks barely scraping by and people in the states loosing there houses. The socialist system is the better option. It is the best way of distributing the worlds wealth equally amoungst the entire population. The best way is for everbody to have the same salary no matter if your working at Cappers as a clerk or if your a CGA at a major corporation. We should all be equal.

 

[Fudd]

As an alternative to gold/silver pay attention to Grand Cache Coal....GCE on the TSX......thanks to the panic-selling idiots the stock has dropped a lot lately....it closed at just above $4 a share today and it will go lower....I am praying it hits the 2009 low of 50 cents a share so I can throw $10,000 at it and then sell later on down the road when it has recovered to $7+ a share....another good stock to look at that has been beaten down but not as badly is Parkland Fuel Corp....PKI on the TSX....under $9 a share and the stock pays a monthly dividend of .085 cents a share monthly which if it is enrolled in the DRIP you get a 5% discount on the monthly aggregate price of the shares and you dont pay a brokerage fee.....this is the good kind of snowballing :clap2:

SR

The stock market is nothing more than a tool of the Imperialist entities and multi nationalist corporation to exploit the Socialist Workers of the world and to steal resources from third world countries that cannot defend themselves from the colonization.

 

[TooLegit]

Why can't people admit the capitalist system does not work. It never has and it never will. Just take a look at the unequal distribution of wealth in our country. You have CEO's of companies making millions of dollars and year but you have people at Starbucks barely scraping by and people in the states loosing there houses. The socialist system is the better option. It is the best way of distributing the worlds wealth equally amoungst the entire population. The best way is for everbody to have the same salary no matter if your working at Cappers as a clerk or if your a CGA at a major corporation. We should all be equal.

ROFL! Thanks for the good laugh. I needed that.

 

[the old maxx50]

Show me a socilist country that works ?

I believe some thing similar fudd

But I fig it did not work when you have those with ambition who would gain nothing for there extra work and those with out ambition and who could give a shit for doing their job.. That is why we have those that work for 35 yrs at the same place to get their pension and those that make their own jobs .. one thing that is true is the guy that stayed at his job got medical and dental and a pension at the end may be better off .. But he only had a job because some other person wanted to make a business ... If they abuse ther e position later that is sad for them But society would not be what it is with out the small business man ...

Just ask your self why did communism fail all they got now is dictatorship that caters to capitalism .

 

[deathreborn]

the simple word greed is what screws everything up. no one is happy making a certain amount. a company makes $100 million in profit but can't be happy with that. the next year it has to be $150 million so they raise prices. the whole chain of companies underneath that rely on whatever the initial company produces then are forced to raise prices to maintain their margins, then of course the end result is passed onto the consumer. problem is because wages are stagnant and the cost of basic living is skyrocketing that consumer spending pie is shrinking so the companies miss their goals and go into cost cutting mode. first thing they do is shrink the workforce reducing the spending pie even further. it's an endless cycle with no positive result.

 

[joho]

Even though US economy is struggling, the fear of European market put the US dollar in much stronger and stable position. Regarding gold, it was overvalued for now, but its value will rise again in the future.

 

[sevenofnine]

i have to agree the capitalist system is flawed,
its i think based on infinite wealth

well it doesn't work like that, there is only so much money, you print more things get devalued.
you have so many billioniares out there, they get there money off of working class and poor,
who pay higher prices for everything because everyone wants to be millioniars and billioniares.

its like an nhl player who wants a mutlit million dollar contract,
every one pays his salery, everyone. whether you follow the nhl or not,
because its not entirely funded by gate, or tickets, advertizing scotia bank saddle dome
rexall place ford, chevy esso tide,
each any everyone of us pay for a nhl hockey players salary, so the more money he wants the less i have
in calgary and edmonton they want new buildings, funded by tax payer money.
billioniare owners want me to pay for a building. to generate income for them
that is the flaw in the capatilist system.

that all being said, i don't know of a system that is better,

i talk to a couple of guys who travel to europe im told in some places its like fifty percent unemployment depending on age group twenty to thirty for adults but young people just starting out fifty percent unemployment in some countries,

i read in the news paper today the states record number of people on food stamps.
i think were in for another round of recession troubles, going to get worse before it gets better.

 

[Ray]

i have to agree the capitalist system is flawed,
its i think based on infinite wealth

well it doesn't work like that, there is only so much money,

According to Milton Friedman, wealth is not finite.

Look at the total wealth that was available around the world 100 years ago.
Look at it today.

Capitalism is the best way to enrich societies, and it is not based on impoverishing others, as socialism does.
It is government interference that prevents capitalism from functioning in an effective manner.

 

[kman86]

Hey what if you short all of direxions 3x etfs??? Wouldn't. You be garunteed a profit every month from the decay of the etf?? Or even shorting all of horizons inverse double leveraged etfs wouldn't it still be a profit garunteed?

 

[SuperGrover]

Hey what if you short all of direxions 3x etfs??? Wouldn't. You be garunteed a profit every month from the decay of the etf?? Or even shorting all of horizons inverse double leveraged etfs wouldn't it still be a profit garunteed?

I've thought about this strategy as well. To play it safe, however, you can short both the long and short instruments. Ie. short both HBU and HBD (gold up and gold down). This way you don't care which way gold moves. You know that, over time, both HBU and HBD 'decay" value -- hence the shorting bias. Chart some historical data and see just how much of a return is possible this way.

 

[kman86]

A little while ago on the google finance discussion board for Hnu there was a guy on there that did the calculations of shorting all of a company's leveraged etfs like horizons direxions etc and he said from his calculations that shorting direxions leveraged etfs would garuntee a minimum yield of 6 percent a month. I think he was saying you would have to short all of the direxions etfs to garuntee the profit.

 

[kman86]

Here's a link I found on a strategy shorting etfs http://thesnowjob.wordpress.com/2009/01/20/a-risk-free-trade-shorting-leveraged-etfs/

 

[storm rider]

Why can't people admit the capitalist system does not work. It never has and it never will. Just take a look at the unequal distribution of wealth in our country. You have CEO's of companies making millions of dollars and year but you have people at Starbucks barely scraping by and people in the states loosing there houses. The socialist system is the better option. It is the best way of distributing the worlds wealth equally amoungst the entire population. The best way is for everbody to have the same salary no matter if your working at Cappers as a clerk or if your a CGA at a major corporation. We should all be equal.

Yeah right....like that would happen.

The stock market is nothing more than a tool of the Imperialist entities and multi nationalist corporation to exploit the Socialist Workers of the world and to steal resources from third world countries that cannot defend themselves from the colonization.

The stock markets are PURE capitalism.

SR

 

[TooLegit]

The biggest problem with most capitalist countries is regulation. Too much regulation impedes competition. In a truly capitalist environment(Germany), competition keeps prices down and salaries up. In my opinion, Capitalist Germany has an economy that most countries should be modeled after.

 

[Flanders]

Why can't people admit the capitalist system does not work...

...The best way is for everbody to have the same salary no matter if your working at Cappers as a clerk or if your a CGA at a major corporation. We should all be equal.

Capialism DOES work!

Sadly for society (luckily for me) we don't all have equal intelligence, abilities, attitude, ambition, etc. So why should be be financially equal?

We should all have equal basic rights as citizens, but from there, let the market sort itself out.

Socialism: A farmer has two cows. The government takes one and gives it to his neighbor.
Capitalism: A farmer has two cows. He sells one to his neighbor, and invests the procedes in a bull.