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Where can I find the historical spread between the 2? I know we are way off the high of the spread and I was wondering what the boards thoughts on further contraction ?

I agree with you and my trade was to get long when $5 held and look for a bounce which I have gotten. I have protected some of my profit by selling calls against the position and will reassess it again if we crack the ever so important $5 mark. Yes, a stock can be a very lucrative short even...

I think this was probably planned months in advance and the downgrade didn't come until after the close yesterday and we were up huge before the open today. I'm pretty sure today was just part of the 'inflate our way to prosperity' and not some feud over a downgrade that didn't really result in...

Haa, I laughed. I don't get why people want to fade moves all the time. Doesn't get much easier than just lifting on the news this morning, that was worth 30 handles.

Whats to stop this pig from going back to 1275 again? it wasn't that long we were there. I don't want to be in front of this freight train, id rather jump on and hold on.

Short it then, I wouldn't at this level. This dog has been beaten enough in my opinion. If we dip back below $5 I will reconsider but I feel fine holding at this level. Im not saying that anythings been solved but if you cant read between the lines that a coordinated central bank move like...

BAC's a buy now. In my opinion if that matters.

Hasn't it been the last couple months as financials have gone so has the market? BAC, JPM, MS and a bundle of other fins were down big over the course of the last 2 days. I put on a small short at eod today with a stop at 1215, I dont think were going to 1100 right away but I will exit this...

S and P and gold have been trading in tandem for sometime, right now we just saw big drop in ES as gold popped up to 1711. Strange price action all at once.

K, thanks.

Wondered why u mentioned its HOD, guess just noise. thx

just out of curiosity, do you use aapl as a leading indicator? like does this signal you the big boys are comfortable being long for the near term and we may be up rest of week?

I heard a lot of talk, this rally today is on no volume, make sure you get short before the close today because when the volume comes back it will be straight down. The only people more skeptical than me in this market are the guys that hang out at zerohedge but looks like to me like there are...

I agree, 50 sounds like a nice round number. I have revised my price target :) I am happy with this one and think I will take my 2 bagger if it gets there.

Yea, $25 I guess is what I dream about :) , but $20 next year I feel is a definite possibility, AUY is using conservative figures for its future spot gold price forecasts and if we can hang here or north of $1700 the bid support will only get stronger. No disrespect taken, sometimes we all...

I think u can trust the US futures exchanges more than some shady spread betting companies based "perhaps in UK or Australia" whatever that even means. There's a whole section about brokers on this site, reference it.

I think we see $25 on AUY within the next year in my opinion, eventually the market will accept that these gold prices are going to be around for the long term and earnings estimates will continue to rise. The only equities I feel comfortable holding long right now are Miners, yesterday we were...

Thank you Davide. On a big down day, alot of the miners just went green. Positive sign to me.

Been watching price action on these Gold/Silver mining stocks for quite sometime and I believe that they are due for another breakout. I personally feel that $1600+ gold prices are not temporary and we will be seeing them for years to come. Valuations on these mining stocks all seem to be...

See, it wasn't that hard. Why try to fight it, time to book it now.