***Official*** 2015 Stock Market Thread

[Train]

There are plenty of gold and silver for sale. The problem with physical silver is the premiums have increased while spot decreased. I checked several major online dealers and the physical silver prices are higher now than when the spot price was in $15+ range. If spot price settles around here for the next couple weeks, we might see the physical silver price drop down little but as of today there are no bargains.

Ya they don't want to lose money on current inventory. Some are predicting spot could bottom out at $11 ever since silver was replaced by aluminum in solar panels.

 

[ponyo]

Ya they don't want to lose money on current inventory. Some are predicting spot could bottom out at $11 ever since silver was replaced by aluminum in solar panels.

It's not they don't want to lose money on the current inventory. They hedge the inventory so it doesn't matter whether the price goes up or down. The premium on the replacement stock from the mints have gone up with some delivery dates pushed back month or two or more. Give it some time. The premium will come back down as the market settles.

As for silver being replaced with aluminum or something else in solar panels in the future, that may well happen. Technology is constantly getting better and silver isn't cheap. But if you really believe that penny stock company Natcore really developed viable technology replacing silver with aluminum in solar panels, I have a bridge to sell you. Even better, buy the Natcore penny stock. It's pretty obvious the market doesn't believe Natcore's claim or else the penny stock would have major move up. It's a scam until proven.

 

[ghost recon88]

So, think we'll be back up to where we were 10 ago by the end of the month?

 

[Imp]

Shitting myself now for not buying in two days ago... I'd be rich if I went all in. But then I think back to the times when I did trade into these things and all I managed to do was break even. Doing essentially nothing so far this year, I'm beating the markets and having my personal best year so far.

 

[Train]

It's not they don't want to lose money on the current inventory. They hedge the inventory so it doesn't matter whether the price goes up or down. The premium on the replacement stock from the mints have gone up with some delivery dates pushed back month or two or more. Give it some time. The premium will come back down as the market settles.

ehh, not really. They aren't 100% hedged. And the premium always goes inversely of spot, no matter how much the mints are pumping out.

As for silver being replaced with aluminum or something else in solar panels in the future, that may well happen. Technology is constantly getting better and silver isn't cheap. But if you really believe that penny stock company Natcore really developed viable technology replacing silver with aluminum in solar panels, I have a bridge to sell you. Even better, buy the Natcore penny stock. It's pretty obvious the market doesn't believe Natcore's claim or else the penny stock would have major move up. It's a scam until proven.

I'm more of a hope for the best, prepare for the worst kind of guy. Even some silver hoarders are counting silver out of the solar market going forward. I'm pretty sure it's coming from a lot more than just natcore. Other companies have used copper so that the cost/efficiency tradeoff is worth it. Even if these techs don't pan out, I don't really care, I'll assume the worst. Overall, PM's are just a small portion of my portfolio, and will be held for decades.

 

[FelixDeCat]

:\

 

[Michael]

I have been slowly buying over the last week. I do not know if a bottom has been hit, but when I look out 5+ years I have a hard time thinking I will not be happy I am buying now.

Michael

 

[Imp]

Well, oil's back up to low $40s. Everything's fine everyone, nothing to see here...

 

[KB]

Shitting myself now for not buying in two days ago... I'd be rich if I went all in. But then I think back to the times when I did trade into these things and all I managed to do was break even. Doing essentially nothing so far this year, I'm beating the markets and having my personal best year so far.

The problem with being out of the market is not knowing when to get back in. My average long has a dividend yield of 5% so I don't worry so much about timing the market all the time.

The high yield longs are GE, DOW, TOT, F, GM, POT, T, VYM, HSBC

 

[FelixDeCat]

Well, oil's back up to low $40s. Everything's fine everyone, nothing to see here...

The price of tea in China is up .10 cents.

What could possibly go wrong? :sneaky:

 

[SketchMaster]

Shitting myself now for not buying in two days ago... I'd be rich if I went all in. But then I think back to the times when I did trade into these things and all I managed to do was break even. Doing essentially nothing so far this year, I'm beating the markets and having my personal best year so far.

I was too cash poor to take any real advantage of the drop, so I feel you on missing out. I did decide to jump in on DIS, MSFT, NFLX with some money I had kicking around, but we're talking a handful of shares.

Right now I'm setting things up to run on autopilot for a while, life is getting a bit too busy to watch the markets all the time. Using Betterment and my 401k while I focus on other parts of my life for the next couple of years.

 

[holden j caufield]

lol I actually got out of the market the 2 days before it crashed. I kept sitting out thinking about getting in at the lowest of lows. I actually had limit orders that would have hit at near the lows but when I saw it dropping so fast (I was still so giddy on getting out at the right time, thinking I was some silly genius) then I replaced those limit orders thinking I could get even better lower bargains.

I set too low a price on the edited limited order and missed everything entirely. I'm actually of the thought that still could drop real fast but I would have loved to be in there. Just me trying to outsmart myself, doh.

 

[brianmanahan]

S**ting myself now for not buying in two days ago...

i swear, you must crap your pants like every other day

 

[Imp]

i swear, you must crap your pants like every other day

That's why I keep a fresh rotation of underwear handy at all times.

Market pretty dead today. So, looks like I missed maybe a 5% gain if I bought SPY near the bottom. Meh.

WTI back up to $45.

 

[MustISO]

My best purchase on Monday (if you can call it that) was NFLX which is up 17.06% since I got it.

 

[FelixDeCat]

Will we retrace last weeks lows?

 

[Imp]

Shanghai and NIKKEI down about 1% Monday.

 

[s0me0nesmind1]

Will we retrace last weeks lows?

I doubt it. Maybe another slight dip, but losses of 500+ on the DOW? I think thats over with personally.

Futures are down < 1% currently before the opening.

 

[JTsyo]

Shanghai and NIKKEI down about 1% Monday.

We'll probably be green by the afternoon.

 

[holden j caufield]

Is google finance/portfolio tracker down for anyone else? Mine is not updating.

 

[FelixDeCat]

Will we retrace last weeks lows?

Ummm......DOW futures -325, NAS -100




(20+ years of trading history tells me that just the way things work, people thought they bought a bottom but China did not go away overnight, nor did the weakening world economy, so we retest and maybe go lower)

 

[s0me0nesmind1]

Ummm......DOW futures -325, NAS -100




(20+ years of trading history tells me that just the way things work, people thought they bought a bottom but China did not go away overnight, nor did the weakening world economy, so we retest and maybe go lower)

What would REALLY trigger new lows, is after the reports this week and the FED meeting is they announce a rate hike (officially, finally). Then you will truly see the market bottom of the hole.

 

[MustISO]

More panic selling today, another day on wall street. later in the week everyone will be buying again.

 

[senseamp]

Is the boom cycle over, especially in tech? Is weaker global economy and strong dollar going to hammer global tech company earnings?

 

[FelixDeCat]

Is the boom cycle over, especially in tech? Is weaker global economy and strong dollar going to hammer global tech company earnings?

QQQs now 102.....will touch 90 in Oct.