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@Highheat @Goldfinger I have never had a position in $XMG but it bothers me when a newsletter writer day trades his recommendations to clients. It reminds me of a CEO or investment bank trading while pumping a investment position which was the original intent of Glass-Steagall to stop that from happening. Not cool in my opinion and is preying on the excitement that he creates in the stock and leaving the less fortunate holding the bag.
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@Goldfinger @Highheat It's a fine line I agree, he discloses always that he is biased and owns shares. Jim Cramer had a big issue with trading and writing back in the 1999-2002 time frame. Eventually I believe he came to an agreement with the SEC that he couldn't sell stuff he wrote about for a certain number of days. As far as I know Moriarty hadn't written about $XMG until the post I shared, he mentioned it in the interview a couple weeks ago but at that point he was just another investor like your or I. He even gave info in that interview as to where he might buy shares back. I appreciate the info and insights, because it's just more information I can use to help make my own decisions. I have never seen him deliberately mislead readers to take advantage in his own trading. He is usually writing about an advertiser with which he has taken part in a financing and he is aligned with the company, and then readers must be aware that of course he will be able and likely willing to sell shares 4+ months later.
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@Leon Bullish indicators and a constructive price action confirm a further rising #silver price. www.lombardiletter.com/indicator-silver-price-skyrocket/6989/
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@Allan Highheat, Glass-Steagall was put into place to separate investment banking from commercial banking as they used the commercial banks deposits to leverage themselves into insane levels which caused the 1929 stock market crash. Since repealing it, we have had one economic calamity in 2008. The banksters are at it again with their leverage at extreme levels. By not reinstating Glass-Steagal the government is pretty much guaranteeing future economic meltdowns like in 2008. Banksters can't be trusted and will likely eventually take the whole system down if someone in Washington doesn't get a clue soon. Contrary to what everybody on Wall Street says about the capitalist system, once they get themselves in trouble again they will come running to the government to bail them out and the average American will pay for it. Don't you just love this thing we call capitalism.
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@2pac 100% agree with @Highheat
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@Leon $SCZ has installed a 4.000 ton/day #lead thickener at Veta Grande last year and they are now planning to install a #zinc thickener as well. Given the strong zinc market I'm very confident that we'll see a new price-tag on $SCZ very soon. Furthermore, the surplus-value on zinc has not yet been priced in into the silver miners in general. $FR $USA $PAAS $SSO $THO
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@Goldfinger @Highheat When I first began as a trader back in 2004-2005 I remember going to my first conference that had a lot of hedge fund guys in attendance. I immediately realized how much of an advantage they had because they all spoke to one another and had "special access" to company management. At that point I could either quit "the game" or I could figure out how to play the game as it has been set up. That is one of the reasons I implemented technical analysis as a large component of my trading methodology. We can agree that certain market players have a large advantage over others, so we can either complain about that or accept it as it is and figure out how we can play our own game in the market and still be fairly successful. I think many of the regular chatters on CEO.ca have done just that and continue to do a damn good job at leveling an "un-level" playing field.
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@Leon @Allan - the next financial / economic meltdown will be much worst than 2008 because the volume though financial "gadgets" and the private and national debt has increased massively. #bondCrash #gold #inflation
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@Allan @Leon, I agree that is why I said I think eventually the banksters will take down the whole system they call capitalism until they screw up then they get socialist real quick.
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@Highheat @Goldfinger Don't disagree although I don't use TA. But what I mean is I won't be a subscriber to a Bob Moriarty newsletter anytime soon.
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@Highheat I had a CEO that is on this channel a few years ago that I noticed he hd sold a big block of his own stock. When I confronted him with it he just said no big deal just trading the stock. I have never looked back or at the stock again.
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@Goldfinger $Copper broke out on heavy volume on Friday, targeting $3.00: http://cdn.ceo.ca/1c9ugs5-Copper_Daily_2.11.2017.png+ Notice how nicely the 50-day moving average contained price during pullbacks, characteristic of bull market.
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@Excelsior @Leon - I completely agree with you point about increasing #Zinc prices not being properly valued in the #Silver miners with so much exposure to it as well as rising #Lead prices. There are a number of #Silver miners with substantial #Zinc credits like: $USA $IPT $EXN $GPR $BBB $AXR $SCZ $FR $BHS $GRG $SSO $FSM $KS Something to consider as far as trending margins with the Silver miners.
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@Highheat @Leon Me too
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@Goldfinger While moving averages are dynamic by definition and technically do not serve as support, in strongly trending markets we can notice that price definitely responds near the 50/200 period moving averages. Some people use all sorts of moving averages including exponential moving averages (EMAs) on their charts, however, I have found that the 50/200 day SMAs are all that I need. Maximum simplicity and effectiveness.
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@racker "A few years back Twitter was valued at 20x more than the New York Times but today it’s just 3x." $TWTR $NYT #media http://howardlindzon.com/subscription-versus-advertising-new-york-times-vs-twitter/
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@TheGalvanizer Failing NY Times. Sad!
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@Goldfinger $TSXV riding the Bollinger Band higher, up 8.06% year-to-date: http://cdn.ceo.ca/1c9uklr-TSX-V_Daily.png+
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@Goldfinger Best seasonal stretch of the year for the $TSXV historically is December-February with an average 3-month gain of 12.7% over the last 20 years. Meanwhile, April-June is the worst 3-month stretch of the year historically with an average 3-month loss of 4.3%.
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anonymous With gold entering the 2nd phase of a new bull market, predicated on the back of U.S. protectionism and 1st India and now Europe adding fuel to the fire by banning cash, this is only going to drive money into PM's... Hold on to your hats boys because shit's about to get real for gold stocks! http://www.zerohedge.com/news/2017-02-10/cash-no-longer-king-europe-accelerates-move-begin-elimination-paper-money
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@Benedict @Goldfinger don't overlook the fact that you are within 12 points of taking out the Aug 2016 high FWIW...oddly stronger than the HUI...
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@stateside Stateside Report Podcast - February 10, 2017: http://www.comanusrising.com In this episode of the Stateside Report Podcast we introduce our new sponsor again Genesis Metals $GIS talk about the CEO.CA app and the developments this week, we talk about the week in gold and gold stocks and the base metals, we introduce a new feature on volume and percentage gain leaders from the Friday trading and wrap up with news from the Canadian junior exploration stocks including: Colorado Resources $CXO TriMetals Mining $TMI NuLegacy Gold $NUG Metals Creek Resources $MEK Nikos Exploration $NIK Bonterra Resources $BTR Beaufield Resources $BFD Wesdome Gold Mines $WDO and Aurion Resources $AU We talk gold, silver, nickel, zinc, lead, copper, oil, nat gas and uranium.
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@Excelsior @stateside - Glad to see a new Podcast up. Much appreciated.
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Mutt @Goldfinger finally someone mentions the copper story thats developing. Nice chart pattern and strong move to the upside on Friday, for sure! Is the diamond pattern followed by a breakout a more convincing bull signal?
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@PamplonaTrader @EvenPrime, I'm not sure that is the best method. Using the product of % gains does nothing to reflect real returns. YTD @MiningBookGuy's portfolio has the largest gains, period. I think a more useful measure is consistency. E.g. Add up a contestants rank from week to week and at the end of the year the contestant with the lowest total number achieves the highest weekly consistency score. (Or avg weekly ranking) #stockpickingcontest
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@PamplonaTrader @EvenPrime Objectively, what a contestant's portfolio does in February means nothing because someone at the bottom could see one of their picks go on a face-ripper in the final month to shoot his/her portfolio to the top of the rankings. Someone who has consistently resided at the top of the rankings could also get knocked down in the final month for a middling finish. I think a weekly consistency score would provide some additional and useful perspective. #stockpicking contest
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@EvenPrime @PamplonaTrader I originally did that but @criticalinvestor convinced me otherwise :p Maybe we can convince him otherwise now
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@2pac Good points @PamplonaTrader would give a good view on who is picking the strongest investment stocks vs trading stocks.
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@EvenPrime @PamplonaTrader https://ceo.ca/stockpickingcontest?a53a34fa3626 - I had used highest points instead of lowest but it was the same idea.
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@EvenPrime I can do it though - might be easier if I start from here on, not retroactively. I think we'd need a vote and maybe a little discussion on best method :) And with that said - Im off to write my database midterm :) Ill check back in a few
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@Quantum Giving a score based on rank each week gives advantage to those whose stocks do better earlier in the year vs later. If your stock goes up a few hundred percent and then trades sideways for 11 months is that better than a stock that trades sideways and the goes up a few hundred percent? If you go with that system you can call the contest near term catalyst stock picking contest
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@Vaughan Its good to have all this data if possible @EvenPrime @PamplonaTrader. You can never have to much info ;) my understanding of the #stockpickingcontest is that the only result that matters is the total gain come december 31. I tend to agree with @theGalvanizer that sleepers have been chosen, and most picks were never meant to provide consistent returns or low beta, that is more the thought process behind the #safeststockpickingcontest.
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@TheGalvanizer I will ask my friends at Integra Gold to create a judging panel for the winner!! #problemsolved #theyliketheircompetitions
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@Excelsior @Quantum - I completely agree with your points on the stock picking contest. The contests weren't for short term trading on who would be higher at the beginning of the year, or stay high all year..... The whole point is to pick the stocks that will be higher at the end of the year. Personally, my picks for an annual #StockPickingContest were not ones that were chosen for results in January/February, but by year end due to different company milestones anticipated and projections in the underlying commodities performance by the end of 2017.
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@Quantum I'm not sure what it would look like but there could be an argument for picking or tracking stocks that showed strongest week on week gains. Consistent growth contest. Another idea would be to let people "sell their stock" and lock in a percentage move for a pick. If the stock keeps going up, too bad, goes down, we'll just like trading you made the right call. I do think @evenPrime has already outdone himself though and am not actually suggesting these be used.
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@Excelsior @Quantum - Most stocks don't have consistent week over week gains. The markets are a rollercoaster. My interpretation was that if you invested X on Dec 30th 2016, and took it out on Dec 29th, 2017 (There is not trading on Dec 30-31st), then what would you have made the best returns in? There will be many peaks and valleys on the way there. If it was for the most orderly increase in the stock, then I'd have picked a streamer (ha!) #StockPickingContest @Quantum - I do agree with you that in the "real world" if a stock ratchets up so so high that an investor would likely want to lock in profits and rotate them into another undervalued stock, but that would be hard to track. In addition, if there is some fundamental news from the company during the year that is substantial to the path forward (good or bad), then in the real world, and investor would increase or decrease their stock holding accordingly. It's hard to just pick a stock that you think will weather all the storms for a whole year, but that is the fun in this projection (based on the expected milestones a company will hit, what you think the pricing trend is for the underlying commodity, and the technical set up).
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@drilltracker @evenprime Seeing as the rules on the metric of how the winner is selected were perhaps not clearly defined, i would agree that money in Jan 1, 2017 - money out Dec 31, 2017. To me the value of the #stockpickingcontest is not to win (well perhaps) but to see the range of companies that people put on their list and track how they do. That way we all win. #Index
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@PhotoJ There seems to be at least a slight lack of weight given to the analysis of underlying commodity outlook on this site. People will spend all day debating the possible grade of drill results, etc, with no mention of the outlook for mid-term movement of the underlying commodity. For example, in gold, are the 2016 and more recent moves a head fake, and the 2012-15 downtrend will prevail? Or was 2012-15 a cyclical divergence in a secular bull, and the secular bull has already resumed? Seems to me this is a much more important question than any particular drill hole, yet I don't see nearly as much discussion on it as I'd expect. Is this because most folks here have basically already made up their mind that there's a good chance the answer is yes (to the last question)? Not trying to knock anyone, just genuinely curious. #index #gold #macro
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@Excelsior @drilltracker - Great point. The biggest reward is to see all the different companies #CrowdSourced from the CEO.CA Crew. #StockPickingContest #SafestStockPickingContest #BonusPickShowdown
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@EvenPrime This is excellent discussion and the rules for the contest is still going to be highest portfolio at the year end. But information is valuable so if I can track other pieces of information I defaintely will. I wouldnt mind highlighting stocks for example that already doubled regardless if they drop below that value in the future. At least we know that someone could have reached a certain spot at least once during the year. #stockpickingcontest
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@EvenPrime I write my exam at 1pm so im in class now- have 30 minutes to enjoy this convo :p
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@hazzard Even in a down market a great drill hole can pay big. Perhaps a bias toward explorers?
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@EvenPrime Moving forward, I plan to database the companies, and keep certain attributes such as exchange, debt, currently drilling, etc. One of my fav's was watching @DrillTrackers Currently Drilling list from last Sept/Oct and seeing how it all outcomed when gold went south over that time. Was an eye opener for me.
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@RocketRed @EvenPrime The highest percentage in stock picking contests is the winner if you want #tradingstockpicking contest that's another ball game and suspect a nightmare to run
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@Excelsior @EvenPrime - I like that tracking of stocks that doubled. Maybe it can be something like if a stock reaches a #TwoBagger #ThreeBagger #FourBagger #FiveBagger etc.... at one point during the year, that even if that stock drops back below that, it was still a big score. (only not pertinent to the overall #stockpickingcontest
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@TheGalvanizer Nice idea @Excelsior but would start at #FiveBagger at the low end or apply a market cap threshold to apply to multi baggers as some true penny stocks with liquidity issues could appear to be more successful than they are in reality
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@EvenPrime @RocketRed agreed. I just can easily add more tables of information moving forward on it. @Excelsior I like that idea
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