Gold and the Market

Look at the top holdings in GDXJ and then once a week, go to iStockanalyst, or yahoo finance (easier to use) and look up the insider transactions for each and every individual stock in the index. Make sure you look for open market buys/sells, not options or awards.

As for 10k Wizard, I wish I could subscribe, but I don't. Go to iStockanalyst and type in your ticker by quote. Then go to insider SEC Filings. I usually go to yahoo finance first though.

As for cash, I'm sitting on a bit myself. I hope these site help you in your research.
 
Thanks Bullitt! I checked out the 10Kwizard site. which level do you subscribe to? I've been trying to find a site where I can get access to these kinds of documents-MarketWatch shows when something has been filed but their links don't take you to the actual document filed. erg. looks like this is what I've been looking for all along.

I am forced to be an "investor" in the brokerage and Roth brokerage accounts-funds too small to be paying out commissions regularly, why I do a heck of a lot of research before I buy anything, and why I'm still sitting about 50% in cash at this point, after selling BP for a loss earlier. Hoping the GDXJ gains will offset the losses by the time I sell, cover the commissions and still show some after-tax profit.

other few holdings are just muddling along up and down in trading range, upper end at this point.
 
Alevin,

You're seeing exactly what I'm seeing but the difference is that since I once owned FCX I used to follow the insider transactions. (The Yahoo finance just missed going back far enough.) I like the insider transactions more than the voodoo charts.

Here's his purchase of 20,000 shares on 10/28/2008.: http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5945134
According to the SEC: Code (P) is open market purchase or private purchase.

When I follow insiders, I don't bother with companies like GOOG because they pay employees in stock options so it's very convoluted. I watch many other mining stocks as well and the amount of insider selling the past 3 months has been unbelievable. I don't recall any of those companies having too many open market buys in 2010.

Good luck on the LT cap gains. It's good to see that there actually still are 'investors' out there.
 
Bullitt said:
Amazing that anybody would buy gold at these levels. Hey, anybody see that insider (Robert Allison) at FCX who dumped $1.6 million in shares in the open market last week? His last open market buy occurred in October 2008, right near the bottom of miners.
Check this link- http://finance.yahoo.com/q/it?s=FCX+Insider+Transactions

Gold is not immune to what lies ahead. This whole entire market is broken. I wonder if the FCC stepped up and canceled this trade below in the AH Friday. A nice 70% discount in the blink of the eye.

View attachment 10135
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I took a look at the link. Trying to see what you'r seeing, but not. The insider activity link now starts the record in Nov08 when he disposed non-open market. Everything he's done since then was acquire-nonopen market, up through June this year.

When I look at the AH, a few minutes earlier somebody bought (sold)? at the same exact price-just missing the 1 in the front-same # shares.

seller/buyer changed their mind-tried to /buy/sell at same price as a few minutes earlier? Looks like a misprint on the price,-the misprint got cancelled?

I'm long in GDXJ and have been since Dec 09. trying to hang in long enough to sell at longterm cap gains price. hope I can make it.
 
Amazing that anybody would buy gold at these levels. Hey, anybody see that insider (Robert Allison) at FCX who dumped $1.6 million in shares in the open market last week? His last open market buy occurred in October 2008, right near the bottom of miners.
Check this link- http://finance.yahoo.com/q/it?s=FCX+Insider+Transactions

Gold is not immune to what lies ahead. This whole entire market is broken. I wonder if the FCC stepped up and canceled this trade below in the AH Friday. A nice 70% discount in the blink of the eye.

View attachment 10135
 
Gold- Stick a fork in it. Miners are diverging and just broke their uptrend line while Gold is sitting on uptrend support and may even make a double top when the technical selling starts. The fact that you've got guys on TV talking up a storm about the world not having physical gold is a sign of panic buying. Safe havens are the US dollar and US treasury bonds.
 
Buy gold to protect from inflation- If there is inflation. The bond market disagrees. Of course, those with agendas, aka buy and hold gold, will surely disagree.

While the debt helped the global economy recover from its first recession since World War II, yields show bond investors aren’t troubled that the growth will spur inflation. Consumer prices excluding food and energy costs rose 1.5 percent in February from a year earlier in the 30 countries that form the Organization for Economic Cooperation and Development, the smallest gain on record.
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http://www.businessweek.com/news/20...nflation-dead-after-yields-fall-update2-.html
 
 
This gold and silver manipulation is like out of a movie. You need to follow up on this and know what the government is allowing to happen all over the world.
 
Be on the lookout for Gold. We have an increase in volume today, 3 closes above the previous swing high, 1 close above the 2nd previous swing high, 5 days of higher highs & higher lows, and 5 higher closes.

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Bullitt said:
China doesn't consider gold a very good long term investment. Could they be talking it down while they accumulate?

http://blogs.barrons.com/stockstowa...a-great-investment-long-term/?mod=rss_BOLBlog
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I'll add my 2 cents. Venezuela Central Bank to Increase Gold Purchases

"The central bank, which has about $16 billion of its $30.6 billion of reserves in gold, purchased 1.08 tons of gold from domestic mines in the first two months of this year after buying just 2 tons in all of 2009,"
 
China doesn't consider gold a very good long term investment. Could they be talking it down while they accumulate?

Gold, on the other hand, is “not a great investment” with a 30-year horizon, the authors quote Gang as saying: “It is, in fact, impossible for gold to become a major investment channel for China’s foreign exchange reserves. I have 1,000 tones now, and even if I doubled that holding, according to current prices, that would be about $30 billion.”
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http://blogs.barrons.com/stockstowa...a-great-investment-long-term/?mod=rss_BOLBlog
 
To all the gold bugs who believe gold is in this giant secular bull market and think that it's safe to hold on until we get this nice big blowoff top; you can't fool yourself. This is how buy and holders are born. I believe that Gold already had it's blowoff top when it went up some 10% on news that some island country I can't even remember the name of anymore bought.

In any market, what defines a secular bull market anyway? A market is bullish until it isn't anymore. Simple as that.

Good post here.

Ok, this one is for all you bull market geniuses out there who have been buying the SPDR Gold Trust (symbol: GLD), the Market Vectors Gold Miners ETF (symbol: GDX), and the i-Shares Silver Trust (symbol: SLV) all the way down and since they peaked in mid January.
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http://thetechnicaltakedotcom.blogsp...d-gdx-slv.html
 
wwwtractor said:
It sounded to me that he said the Euro would be going up until May, 2010 in the radio interview.
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The euro would go up, or the dollar? I'll have to relisten, but I doubt he would be short the EFA if he thought the euro was going to go up (which means the dollar would be going down), although I recall that he said in December, that the dollar would peak in February so that would mean a rally in the euro.
 
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