A Stock Market Crash is coming!

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 6 years ago '08        #101
o7media 47 heat pts47 OP
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^^ Up over $1,500 now.

edit: looks like they just closed at 2.50. So up just over $1,400.
 6 years ago '06        #102
philly337 20 heat pts20
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 o7media said:
It closed right at support. Was hoping to see it break through, which it did but it climbed back in the last few seconds.

But SPY is making new lows in the AH ..so far so good.

Up $1,200 on VIX calls and they're gaining in the AH. Up over $1,300 now as SPY makes new lows.

vvv This was as of the market close.


[pic - click to view]

I Don't even pay attention to after hours until morning...some news will hit overnight sending it up or down. Past two days right after markets closed it went up but both times the next morning opened down

I do think it will go down tomorrow (been saying that all week though lol). If you need a.ssurance we'll go down I closed all short positions in cnbc after holding since last week because I was tired of waiting for it to make a move...so you can bet it will tank
 6 years ago '08        #103
o7media 47 heat pts47 OP
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 Andrefrbk said:
Explain to what exactly is backing USD, what makes a dollar worth a dollar.

Then answer me this based on your answer... Why cant we trade that instead?
If you think Gold is going higher, then buy it. Good luck with that.

But I'd like to know what your basis on the USD weakening is.

What is you basing Gold being a safe haven off of? Have you ever looked at history or are you just pulling answers out of your a.ss?
 6 years ago '08        #104
o7media 47 heat pts47 OP
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 philly337 said:
I Don't even pay attention to after hours until morning...some news will hit overnight sending it up or down. Past two days right after markets closed it went up but both times the next morning opened down

I do think it will go down tomorrow (been saying that all week though lol). If you need a.ssurance we'll go down I closed all short positions in cnbc after holding since last week because I was tired of waiting for it to make a move...so you can bet it will tank
Well we broke major support on the daily so we should at least test 1226 S&P. But yeah you're right, anything can happen overnight.
 6 years ago '08        #105
o7media 47 heat pts47 OP
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 Andrefrbk said:
I know china has a gold reserve, and is probably going to use it to back the yuan...

I know that Gaddafi wanted make oil sales exclusively with yaun currency...
1. Most countries have a gold reserve...but that doesn't mean anything.

2. Gadaffi is dead ..and what you're saying is speculation.

Here are the facts, and this is what I'm going to leave it at...

Gold has an inverse relationship to the USD. It's a hedge, that's all it is. The USD will forever be king because it's simply paper. The only reason Gold and Silver had such a huge run since 2008 is because of the fed constantly printing money to artificially inflate the stock market which devalues the USD and increases its hedge (i.e. Gold).

However, the fed can't continue to print the U.S. into a Zimbabwe type scenario. Gold can never be used as a primary currency because it can't support our population as it is a limited resource.

And the facts are that during market weakness causes Gold to go down and the USD to go up.

History shows and proves this in every single market crash and correction. Even during the recent market correction Gold dropped from $1,900 to like $1,600 in less than a month. And that was just a correction....
 6 years ago '10        #106
Ambassador 444 heat pts444
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I bought some SPY puts at the end of the day. Markets aren't going anywhere this week, and I have Calls on a few stocks anyway. You can't go wrong hedging during these times anyways
 11-16-2011, 04:58 PM         #107
Ed Bundy 
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how do i open an etrade account?
 6 years ago '10        #108
Ambassador 444 heat pts444
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^ go to e-trade.com and open an account....
 6 years ago '08        #109
o7media 47 heat pts47 OP
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 iNsane said:
I bought some SPY puts at the end of the day. Markets aren't going anywhere this week, and I have Calls on a few stocks anyway. You can't go wrong hedging during these times anyways


 Ed Bundy said:
how do i open an etrade account?
vvv

 iNsane said:
^ go to e-trade.com and open an account....


edit: actually etrade.com lol ..but yeah it explains the steps there.
 6 years ago '08        #110
o7media 47 heat pts47 OP
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 BlaKc said:
there's a big difference between can't and won't. They can print those bucks till they are completely worthless which is whats going on right now, you're basically depending on some kind of decrease in inflation because you think that these people won't purposely k!ll the currency. I expect the opposite. The dollar will continue to weaken and decrease in value while the worth of gold and silver will continue a stable incline. FIAT currencies always, especially one like ours with a $10 for every $1 fractional reserve system. The smart long term investment to me just seems like a common sense decision because gold will ALWAYS have some kind of worth while the dollar can easily become nothing but a useless piece of paper at any given moment



That's not true because it's based on the economy, not whether the fed will continue to print or not. If the economy is not growing (which it's not), people will not invest money in the markets. Companies are not growing their revenues and it will k!ll stocks.

The stock market is artificially inflated, it's a bubble... every bubble bursts, just like Gold is.

The economy is just one big cycle, another market crash is inevitable whether it's today, tomorrow, or next year.

Gold will always have a value, yes that's true. But Gold's true value is not this high. It's artificially inflated along with stocks.

And no the dollar will never be a worthless piece of paper because of the fact that we NEED the dollar every single day. Not only is Gold a non renewable resource, but it's simply not realistic to be used for every day things in a growing population. The whole Gold safe haven is complete BS.
 6 years ago '08        #111
o7media 47 heat pts47 OP
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The only reason you guys should be bullish on Gold is if you honestly believe the economy is getting better and/or the valuation of our current stock market is correct.

It's as simple as this:

If I'm correct, a depression is coming for the U.S....

A depression = A period of deflation because the prices of everything will drop as demand drops.

During deflation the USD rises and Gold and other commodities drop. They have inverse relationships...


And even if you think the economy will continue to get better, the Fed will have no reason to continue printing money. No matter what, Gold will go back down.

It is not practical or logical for commodities to be at this level.
 11-16-2011, 08:30 PM         #112
ahenson 
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 Andrefrbk said:
You know im telling the truth...

Keep playing the white mans version of corner dice gambling for dollars.

Derivatives...................

The future of the stock market does not exist.

2012 will be the end of it. And the USD with it.
Derivatives were brought to Europe by black people, Moors. But anyways, 07media is going in, people should definitely be using the options vehicles to short some indexes because we will see a lot of defaults and capital flight within the next few months.

Don't just pay attention to equities though, look into commodities. Every should be aware of most of the commodity's inverse relationship to stock market trends, if not go read the commodity index booklet for historical prices.

I will be shorting some of the euromarket instruments, in particular eurodollar futures, as soon as my software gives me the signal.
 6 years ago '08        #113
o7media 47 heat pts47 OP
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 ahenson said:
Derivatives were brought to Europe by black people, Moors. But anyways, 07media is going in, people should definitely be using the options vehicles to short some indexes because we will see a lot of defaults and capital flight within the next few months.

Don't just pay attention to equities though, look into commodities. Every should be aware of most of the commodity's inverse relationship to stock market trends, if not go read the commodity index booklet for historical prices.

I will be shorting some of the euromarket instruments, in particular eurodollar futures, as soon as my software gives me the signal.
 6 years ago '08        #114
o7media 47 heat pts47 OP
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 Andrefrbk said:
In terms of OUR current economic structure, i dont see the correlation between a commodity such gold, and the market.


In the 2008 market crash Gold fell from over $1,000 an ounce to below $700. The Dow fell from about 14,000 to 6,500. Dow lost just over half of it's value, Gold lost about 30 - 35%.

Since the 2008 crash the Dow went from 6,500 to just under 13,000. It about doubled in value. While Gold went from about $700 to $1,900. Up about 170% since the 2008 crash....

In the recent correction Gold fell from about $1,900 to $1,600 losing about 15% of its value. The Dow fell from about 12,700 to 10,600...losing about 20% of its value.

The difference now is that the Gold/Silver run has actually become a bubble. They are extremely overvalued which is why you saw it drop $300 an ounce in 3 weeks. The same thing happened to Silver back in May. It lost 20% of its value in like a week..and it still hasn't recovered.

So during the next crash Gold will lose more than 30-35% of its value unlike the last one. Gold will go back below $1,000 an ounce IMO. Probably towards $700-800.

Gold has a direct relationship to equities, wether you believe it or not. You should really do your research and look at historical charts instead of listening to the news
 6 years ago '10        #115
Ambassador 444 heat pts444
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 o7media said:


In the 2008 market crash Gold fell from over $1,000 an ounce to below $700. The Dow fell from about 14,000 to 6,500. Dow lost just over half of it's value, Gold lost about 30 - 35%.

Since the 2008 crash the Dow went from 6,500 to just under 13,000. It about doubled in value. While Gold went from about $700 to $1,900. Up about 170% since the 2008 crash....

In the recent correction Gold fell from about $1,900 to $1,600 losing about 15% of its value. The Dow fell from about 12,700 to 10,600...losing about 20% of its value.

The difference now is that the Gold/Silver run has actually become a bubble. They are extremely overvalued which is why you saw it drop $300 an ounce in 3 weeks. The same thing happened to Silver back in May. It lost 20% of its value in like a week..and it still hasn't recovered.

So during the next crash Gold will lose more than 30-35% of its value unlike the last one. Gold will go back below $1,000 an ounce IMO. Probably towards $700-800.

Gold has a direct relationship to equities, wether you believe it or not. You should really do your research and look at historical charts instead of listening to the news
Nice post...but one question.

I'm not fond of listening to analysts or CNBC for that matter because they tell us what they're paid to tell us, not what we want to hear...but hedge fund managers are saying gold will go back up as the equity market goes down. I think it'd be wrong for us to say they don't know what they're talking about, but would you have a clue on why they would say such a thing?

I don't plan to get too complex in this market anyway. Just usual put positions and I won't even be doing that in stocks. Just the SPY and DIA.
 6 years ago '04        #116
hockeythug 66 heat pts66
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 iNsane said:
but hedge fund managers are saying gold will go back up as the equity market goes down. I think it'd be wrong for us to say they don't know what they're talking about, but would you have a clue on why they would say such a thing?
They have positions in gold. They have their own agenda as well.
 6 years ago '06        #117
philly337 20 heat pts20
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 philly337 said:
Haven't checked trendline but pretty close to support on the wedge...if it breaks that spy going to 122.50
Spy $122.90 right now..if we don't rally before market opens should test 122.50
 6 years ago '08        #118
o7media 47 heat pts47 OP
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 iNsane said:
Nice post...but one question.

I'm not fond of listening to analysts or CNBC for that matter because they tell us what they're paid to tell us, not what we want to hear...but hedge fund managers are saying gold will go back up as the equity market goes down. I think it'd be wrong for us to say they don't know what they're talking about, but would you have a clue on why they would say such a thing?

I don't plan to get too complex in this market anyway. Just usual put positions and I won't even be doing that in stocks. Just the SPY and DIA.

 hockeythug said:
They have positions in gold. They have their own agenda as well.
This.

And they can just simply be wrong. Hell Warren Buffet had a stake in Goldman Sachs when it was at like $150...now look at it. He lost billions on that.

Hedge fund managers thought banks were good buys too and they've done nothing but go down.
 6 years ago '08        #119
40ozHenny 38 heat pts38
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I am trying to invest a few thousand into something safe. Is now a good time to start shorting and does it matter what stocks/commodities I invest in? ie. is any stock or commodity recession proof?
 6 years ago '08        #120
o7media 47 heat pts47 OP
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Sold my $VIX calls from yesterday. In at 1.80 out at 2.75 +52.7%

Took about a $2k profit there on the market sell off. I'll buy back in tomorrow maybe.
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