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Author Topic: ***GOLD or OIL stocks this time?***
mryj2000
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They all are oversold here.

I expect a good entry point below current level.

Do you DD before buy them!

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Purl Gurl
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http://www.kitco.com/charts/livegold.html

Neither, both oil and gold are falling and
will continue to do so as the dollar gains.

Purl Gurl

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glassman
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PG you have mail...

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Don't envy the happiness of those who live in a fool's paradise.

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Purl Gurl
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You might have to resend. Your mail was caught
in my "male enhancement" spam filter. I've added
you to our "bypass" file. If your mailer tries
to send that email again, it should pass through.

Purl Gurl

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jason10
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HAHA thats funny and somewhat ironic that glassman's emails get filtered with the male enhancement spam heh

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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roger that...

this venus and mars stuff is complicated ain't it?

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Don't envy the happiness of those who live in a fool's paradise.

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Purl Gurl
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Ok, have your mail now. I am parsing it to find
what word or words keyed my spam filter. Thanks.

I have been watching what you mention.

Jason, you will better understand these dire
needs of the fragile masculine ego once you
have attained puberty.

* demure smile *

Purl Gurl

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glassman
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it was probably the Go Mark Martin part...LOL

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Don't envy the happiness of those who live in a fool's paradise.

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GVMOORE
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Bottom is yet to come. More down side.
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jason10
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ouch purl thats just mean

im 28 but puberty missed me ;(

i want some of that enzyte stuff i wanna bigger manbat so that the other mens will envy me and stuff [Wink]

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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LOL, they even copied the paint scheme on the car didn't they?

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Don't envy the happiness of those who live in a fool's paradise.

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ththf
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Gold is weak here. Crude depends on demands in summer time.
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glassman
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OPEC says they are gonna raise output even if demand drops...

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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MSNBC is pumping Miami real estate hard right now...

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Don't envy the happiness of those who live in a fool's paradise.

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jason10
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go UNQT?

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Purl Gurl
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About as mean, Jason, as your referring to me
as being foolish.

À bon chat, bon rat.

Purl Gurl

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glassman
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i hope OPEC does keep pumping...i've got about 6.5k miles to drive this summer....

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Don't envy the happiness of those who live in a fool's paradise.

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ththf
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quote:
Originally posted by glassman:
i hope OPEC does keep pumping...i've got about 6.5k miles to drive this summer....

Where to go?
Florida or California?

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glassman
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Connecticut this year...twice [Wink]

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Don't envy the happiness of those who live in a fool's paradise.

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sharkone
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Purl Gurl,

Need advice from you again, since you are on the oil thread....
I bought Valero (VLO) a couple of months ago at $72 a share. Since then it has dropped over $13. Is this plunge going to keep up for a while? I always value your advice. Thanks in advance.

Sharkone

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No matter how thin you slice it it's still baloney...

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ththf
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Oil stocks at a pivot area again.

check RD and SC. They always bounce around 200 SMA in last 3 year.

possible is, possible not. Don't buy ahead of obvious bottom built.

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mryj2000
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Oil stocks should bottom and consolidated here.

Gold stocks may near its bottom soon

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Purl Gurl
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Sharkone, I never trade stocks over 2.00 per, and
most of my trades are under 1.00 per. I have no
experience dealing with high end low profit
margin stocks.

Charts suggest a dip to the 55.0 area. Will there
be a bounce back? I don't know but would lean
towards doubtful.

Look at your MACD histogram; it is not good.

Keep in mind, I have no experience with stocks
in your price range.

Purl Gurl

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sharkone
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Purl Gurl,

I have several "blue chip" safe stocks, then I dabble in the pennies. When you mention "(the) charts suggest a dip to the 55.00 area," what charts are you talking about ?

I haven't had much luck with the pennies in the past, and I am learning as time goes along. Once I have a little $$ accumulated, then I can start playing the pennies more.

Some of my "expert" friends told me to invest in the safe blue chip stocks, yet all my blue-chips I bought in the past 6 months have tanked 10-15%...so much for safe.

But, I'm digressing...How do you look at the MACD histogram and "foretell" the future of a stock? I saw that the RSI value of VLO has not dipped to almost 30. Doesn't an RSI value of 30 usually mean that the stock is due for a rebound?

Again, I am quite new at all of this, and I appreciate all your help and patience. How long have you been playing the pennies?

Most appreciative,
Sharkone

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No matter how thin you slice it it's still baloney...

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glassman
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shark, i've been running (a mock) portfolio full of .01$ to 5$ stocks with RSI 30 (and showing a possible rebound) stocks for 2 months...the value has not increased...(it's actully down 4-5%)
fewer have rebounded than have stayed down....

we are not in a strong market.....

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Don't envy the happiness of those who live in a fool's paradise.

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Purl Gurl
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sharkone, here are some charts I created for you,

http://www.purlgurl.net/vlo.jpg

Some like RSI scales, I never use those.

My choice is to use three technical charts,

price per share with slow / fast EMA overlay
volume down versus up
MACD histogram for down / up trending and depth

Stochastic - not all that useful but included
RSI - not useful for my needs

Purl Gurl

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blueranger
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remember, there is no shortage of gold or diamonds. debers determines the diamond market each year and grinds the rest up for drill bits.
technology today allows 1 ounce of gold to be extracted from one ton of gold mine dirt...also gold is extracted from newly mined coper

notice that gold has had a minimum price for the last 20 years... (minimum cost to extract)

oil is in limited supply and the demand is increasing beyond our ability to supply....
china and third world starting to buy cars.

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keithsan
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quote:
Originally posted by glassman:
Connecticut this year...twice [Wink]

Good luck!
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sharkone
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Purl Gurl,

Thank you so much for your imput and help. I know have to study the VLO chart and figure out the details. Again, I value your insight and wait with baited breath for your posts.

Sharkone

--------------------
No matter how thin you slice it it's still baloney...

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sharkone
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Glassman,

Thanks for your imput and help. How do you find companies that have a RSI of about 30 without having to go company by company? Are there any screeners that you can use to just isolate the RSI of different companies. I use Ameritrade, and still trying to get used to all the features.

Shark

--------------------
No matter how thin you slice it it's still baloney...

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glassman
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here is a free screener....

http://stockcharts.com/def/servlet/SC.scan

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Don't envy the happiness of those who live in a fool's paradise.

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Purl Gurl
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"The group's president, Sheik Ahmed Fahd Al Ahmed Al Sabah,
said OPEC's current output and spare production
capacity will keep the market well supplied through
the year. And in Washington, Saudi Arabian Oil
Minister Ali Naimi assured U.S. officials that the
kingdom has enough spare production capacity to
stabilize world oil markets.

Al Sabah, who is also Kuwait's oil minister, said
$40 a barrel for the OPEC basket of crude oils was
an acceptable price level, according to Dow Jones
Newswires."

Purla Harem Shrieker Fatassma Steala Ya Monay

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glassman
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BUT?
is it acceptable to Putin?

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Don't envy the happiness of those who live in a fool's paradise.

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keithsan
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there's a lot of lying going on,

wasnt consumer spending up for April? where? wasn't lowes, walmart, auto's, ???????????

teen clothing was up. somethings not right.

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glassman
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i've been feeling like something isn't right for months...

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Don't envy the happiness of those who live in a fool's paradise.

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