I hope you are right !Quote:
Originally Posted by Neuro
If gold moves more slowly (as has been the case) we may be able to trade Pd for gold close to 1:1 pretty soon!
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I hope you are right !Quote:
Originally Posted by Neuro
If gold moves more slowly (as has been the case) we may be able to trade Pd for gold close to 1:1 pretty soon!
Did anyone load up on Palladium today at sub 500?
Damn I was just to damn busy today to go and get some more!
watch what it will do before you buy in, i always buy when it starts to go up after a major correction. it might dip a bit more. I am watching........
PAL & SWC took some serious haircuts.
Where is our cheerleader for these? Remember the leveraged buy plan he proposed?
that would be our man silverbach who is still leveraged to hell!
A recent quote:
"When it goes against me, on the way it moves down, I am forced to periodically sell some to reduce the margin pressure and maintain the margin ratio at tolerable level. Of course the gain will be destroyed.
But the good thing is when it moves back up again you can then aggressively add position using increased margin buying power again. You probably end up paying a bit more than where you sold buying back the same shares. It's a reasonable loss due to extreme volatility. But overall, if the big trend is correct, you still make a lot of money using the margin strategy.
A portion of my MONEX palladium pool positions are probably sold. I plan to buy back when palladium is back to $450 and I plan to add even more cash and buying more aggressively, because the strategy is still working so far."
Come on, how can you not admire the man for trying.
Yeah selling due to margin calls is a Sisyfos job. In some ways I do a bit of margin trading sometimes too, by buying food and stuff on wifes cc, when I think metals are very cheap, and I use the cash for that, only ones did it backfire, and I had to sell the low for cash, it hurts like hell, and still it was less than a kilo of silver...
Gigantic cup and handle forming? Seems like we start getting back over 500 again...
Palladium seems to be making a move in the last few weeks. I was hoping for another chance to buy some in the 300's, but it doesn't look like it's going to happen anytime soon.
I sold out my PALL holdings today. Bought back in July (+$10/share 44-55). :)
Silverbach was right about buying Pd on the dips and selling on the rise up. It has been like clockwork the past couple years.