Precious metals

I can pick winners easy, most people can... Apple.... Not that hard....
The hard hard is selling while you still have a profit.... and timing the buy.....
Buy low and hold if you have a large cap divined bearing stock....
The rest you trade and you have to know when to sell before you buy, have a plan........
What if you bought apple at the top???? now you're stuck, you have to wait it out, or bail take a small loss and deal with it, and look for a better buy point, or move on.....

I could have easily double my portfolio just by selling off quicker, but I refuse to sell, like everyone, because it will keep going up....

One of my smartest trades was when I was buying and selling GLD about every 2 weeks... Think I made 40% in a few months of sideways trading.. But Don't have that much time.....

 

From a trading stand point PMs are down and it's time to buy......
The market is topped out and you need to find a place for your new money and side line any questionable trades....Good time to flip to PMs and cash.......

 

BTW, in reality you are not doing what i've suggested, you're trying to time the market, and 99% of people that try and do this end up worse off than if they had stayed invested.

 

you confuse luck with skill.

 

again, a meaningless comment stated only with hindsight.

 

your right most people buy too high and hold too long........ They wait till it's up and buy just in time for the correction...

I'm buy out the correction in silver..... I've been buying for years just not as much.....
Should I have kept buying at $50 not really, but at $14 you buy..........
So now I'm cost averaging all my silver down.......
I've added most of my silver during this correction and that's good.......

I also shorted the market in May, because the chances of it going down were more than it going up..... So far I'm right, if I was wrong you don't hold you sell and move on........ If I would have tried to short the market 3 years ago I would have lost....
We all know it's about timing.........

 

No it was skill, I had a plan and it worked.........

Like with Buffet, do you think it was just luck that he bought, Coke no it was timing and action.... He saw an opportunity and he took action.......
Just like when you bought your rentals....... You can't over pay, than it would be a bad investment....
He timed the market perfectly, but you don't need to be perfect, just close....

http://www.investopedia.com/ask/ans...ett-invest-heavily-cocacola-ko-late-1980s.asp

But that buy and hold did pay off.....
But if you would have held mining stocks over the past few years you would have lost.... You have to know the trade......

 

if you say so. you are completely confusing luck with skill, you just don't know it. wish you the best of luck in your investing.

 

Your right, I lucky shorted the dow at 18,200 against all common sense, with no reasoning at all... I just got up saw the market taking off and thought; maybe I should buy a short, and some how, I'm up almost 30%....

I'm lucky thanks, for pointing it out... Now I can just throw a dart and I'll be OK.........

 

Actually this is incorrect, as you've recommended silver all year it's continued to go down. That's why I suggested you track it to see when it turns and starts to break out. No sense in trying to chase the absolute bottom, I'd rather buy something headed up than down.

 

You are half right......
If your buying ETFs or mining stocks it's may be too early.....
You are also right saying PMs stocks will follow the dow down, that is correct...... but how much more can they fall???
The sector might just be bottoming now, but not sure yet........

Your wrong about buying physical PMs....
Physical silver coins bottomed this summer, just like during the last crash, premiums will just go up at the bottom and keep the price up....
Eagles were in the $19s in June now they are $22 so waiting on physical price to go down won't work.....
For physical you need to just keep buying the dips...

 

What was your DJIA short?

 

SDOW

Is a double short, so if it goes wrong you get killed... but if goes right

Bought in mid may....

 

In tin foil hat news I learned that VW is one of the biggest car makers for the BRICS.....

They lost 3000 cars in the China explosion and now they are in trouble here....

 

So here we go guys, the market is down about 900 point from the fed meeting......
This is less than I figured, but the new trend is down...
The market did top in May, that one is in the books....
This could be a huge correction but I doubt it, the big dogs have been out since last fall......
The market is down 12% and has already wiped out almost 2 years of profit so far....
I still say to look your position and dump the bad ones, don't get stuck.....

SILVER IS UP, EAGLES ARE 23.11, Maples 22.07 Like I have been saying if you want physical PMs then the time to buy is NOW not later...
This is the physical bottom or close enough..... Don't worry about a few cents here or there.....
The only people saying don't buy don't have any PMs or know the PMS market, I do.....

The big dogs got out at 17000 so I don't see the dow taking off...
But if you hear QE4ever, the market will take off again................
With out more QE the market will tank.....

 

Cat is a leading indicator to the economy...

http://www.chicagotribune.com/business/ct-caterpillar-layoffs-0925-biz-20150924-story.html

http://www.businessinsider.com/caterpillar-restructuring-and-job-cuts-2015-9

 

Silver is DOWN! Maybe your "coins" are up but the price of the physical PM on spot is DOWN! Stop posting incorrect facts in a Precious Metals thread, for the last time this is not the Numismatic Coin Collecting thread.

 

Really? CAT has underperformed all the major indices for the last 5 years! How can you use one stock as the "leading indicator"? Oh wait, I know, because it suits your thesis. #convenientfacts