The bears den

[Mecisteus]

Serious time is serious business, must be huat till siao with margin haha.

yeah margin can cut both ways. Surprise on the upside and downside too.

I just standby the margin account for a financial crisis.

Now leveraging small small with XAUUSD. No money put in but up USD$500+ already.

I have been waiting for this breakout for a few years already.

 

[coolhead]

yeah margin can cut both ways. Surprise on the upside and downside too.

I just standby the margin account for a financial crisis.

Now leveraging small small with XAUUSD. No money put in but up USD$500+ already.

I have been waiting for this breakout for a few years already.

Same same... Past few attempted breakouts failed... Thankfully positioned well for this. Jiayou.

Sent from HMD Global TA-1004 using GAGT

 

[churnmaster]

Gold to target 1,600 level first?

https://www.dailyfx.com/forex/funda...igh-Setup-for-Long-term-Rally-by-XAU-USD.html

Funds continued adding to their net long position in gold and have also turned net long in silver last week after being short for quite some time.

Break out above 1370-1375, is attracting more flows into gold now. All the trend followers jumping in. Weaker the USD index, higher the interest in gold and other commodities.

 

[Shortthemkt]

Bitcoin is moving better imo

The cryptocurrencies are the "new gold" it seems. Mostly green, unbelievable.

 

[Lasogette]

I have mentioned a break of 5 years ATH is a very bullish sign.

I will just let my gold ride up. A trailing 8% stop loss is in place.

Can share how the trailing stop works. Interested to know about taking profits

 

[Shiny Things]

Do you know of any reasonable gold etf?

GLDM. It's the same as the OG GLD ETF, but: it's got a smaller size than GLD (about 1/100th of an ounce of gold), and it's got a lower expense ratio (0.18% instead of 0.4%).

 

[DukeCS33]

10 Y UST and S&P are both up.... something's gotta give.

 

[coolhead]

10 Y UST and S&P are both up.... something's gotta give.

I tot it's healthy for both to be up?

Sent from HMD Global TA-1004 using GAGT

 

[DukeCS33]

I tot it's healthy for both to be up?

Sent from HMD Global TA-1004 using GAGT

When you buy UST, there is fear and flight to safety and fear does not drive S&P higher....

 

[coolhead]

When you buy UST, there is fear and flight to safety and fear does not drive S&P higher....

Oh paiseh, I tot u mean 10 year yield and SNP both going up. In that case yeh typically something got to give.

Sent from HMD Global TA-1004 using GAGT

 

[DukeCS33]

Oh paiseh, I tot u mean 10 year yield and SNP both going up. In that case yeh typically something got to give.

Sent from HMD Global TA-1004 using GAGT

yeah and gold and commodity prices running higher just does not bode well for the stock market.

 

[Trader11]

yeah and gold and commodity prices running higher just does not bode well for the stock market.

SP500 looks plateau for this week. If bears want to short.....

I find alternative assets and yen are spiking up. Probably preparing for risks. But good news is volatility is back.

 

[Mecisteus]

Can share how the trailing stop works. Interested to know about taking profits

You can read more in details here and how to set in IB.

https://www.interactivebrokers.com/en/index.php?f=605

Note this order is more useful for speculative and trading positions.

 

[DukeCS33]

SP500 looks plateau for this week. If bears want to short.....

I find alternative assets and yen are spiking up. Probably preparing for risks. But good news is volatility is back.

Powell is speaking and any mention of an intention to cut rates may send the S&P higher.

 

[NewInvestor]

GLDM. It's the same as the OG GLD ETF, but: it's got a smaller size than GLD (about 1/100th of an ounce of gold), and it's got a lower expense ratio (0.18% instead of 0.4%).

Thank you, Shiny Things.

 

[revhappy]

Powell is speaking and any mention of an intention to cut rates may send the S&P higher.

Today, US consumer confidence, new home sales data all came in bad.

Fed cut is 100% priced in. Some people say, they are already behind the curve and will have to cut much more deeper, to stave off a recession, but they are not likely to be successful.

 

[coolhead]

Today, US consumer confidence, new home sales data all came in bad.

Fed cut is 100% priced in. Some people say, they are already behind the curve and will have to cut much more deeper, to stave off a recession, but they are not likely to be successful.

There is still no justification for a rate cut imo. These are just bits and pieces of data which will is rather premature for the Fed to cut. The real serious figures (inflation, GDP, unemployment, labour force participation) have not worsen yet.

 

[Dividends Warrior]

Today, US consumer confidence, new home sales data all came in bad.

Fed cut is 100% priced in. Some people say, they are already behind the curve and will have to cut much more deeper, to stave off a recession, but they are not likely to be successful.

I feel they would still pause in July, probably cut in Sep.
P.S. I dun expect anything productive/concrete to come out of the G20 talks.

 

[revhappy]

There is still no justification for a rate cut imo. These are just bits and pieces of data which will is rather premature for the Fed to cut. The real serious figures (inflation, GDP, unemployment, labour force participation) have not worsen yet.

Fed fund rate futures is pricing in 100% probability of July rate cut. I read somewhere, Fed has never disappointed markets when the probability was so high.

 

[revhappy]

I feel they would still pause in July, probably cut in Sep.
P.S. I dun expect anything productive/concrete to come out of the G20 talks.

Markets will sell off if there is no rate cut.