Official Stock Market & Economy Thread

Reigndrop - Thank you for the explanation. It just doesn't really make sense to say that PPT, after making the market bounce 2-3 times at about the 8000market, would abandon the 8000 resistance they've set. I know this might be intuitive, but do you think that PPT is, in essence, just trying to hold themarket at a certain level until Obama can announce his full stimulus package and give the market some hope?

I don't know about anybody else in this thread, but the whole PPT principle has really got me redefining my definition of the American capitalist/marketsystem. I know the government is there to protect the greater good, but at what point do you let the principles our economy was built on work?
 
Originally Posted by Dunkman23

what do you think about SRS at the $60 range right now?
Click to expand...

It's pretty much a wrap for commercial real estate if you look at the number of businesses being closed because they can't come up with their lease.However SRS correlates to djusre which is pure investor sentiment on how the commercial real estate stock is doing.GGP, GKK and other REITs may do well and send it up.

Nikkei 225 finished down 0.81% if that matters.
 
Originally Posted by nicefro

All ultrashorts down in premarket.
Click to expand...
I know. I actually had an open order to pick up some faz. Looked at early market stats and closed it right away. Definitely will be keeping an eyeon things though...
 
[h1]What You Need to Know About Gold[/h1][h3]By JEFF D. OPDYKE[/h3]
Gold shined in 2008. Could 2009 be as bright?

Of all the major assets -- stocks, corporate bonds, cash and others -- gold was one of last year's few standouts. While so many investments collapsedamid the turmoil, the price of an ounce of gold posted a gain of about 4.3%.

OB-CZ858_sun012_DV_20090123133158.jpg
Chris Gash

So far this year, the rare metal is up about 0.7%, after a rally Friday put it back in positive territory. And longer-term concerns are emerging thataggressive, untested government policies aimed at righting the flailing economy could ultimately fuel a further rise in gold prices.

When that might happen, no one knows. But for investors who want to hedge against potential economic turmoil, "buying gold is a very good idea for2009," says Chuck Butler, president of EverBank World Markets in St. Louis.

The case for gold is this: The government is pumping trillions of dollars into bailouts and stimulus plans, a purposefully inflationary policy aimed atreversing current deflationary pressures. If inflation results, or if the dollar weakens as the supply of dollars necessarily increases under the stimulusplans, gold is a likely winner because it hedges against inflation and fiat currencies.

The opposing view: "The inflation argument hasn't been seen yet in government data, and once the economy catches gear, the [Federal Reserve] willpull the money back out of the economy," negating any inflationary pressures, says Tom Pawlicki, a precious-metals analyst at MF Global, who says he's"not friendly on gold."

Though gold is generally thought of as a physical asset, these days investors have a variety of options. Here are a few of them, along with the inherentpros and cons:
[h6]Bullion[/h6]
This is the pure metal, typically cast as bars or coins in weights ranging from a single gram to one kilogram.

Bars like those minted by Credit Suisse and Pamp Suisse trade at a slight premium to gold's market price and are generally the least expensive way toown physical gold. Coins such as the American Eagle often include a collector's premium that can increase the cost slightly. Rarer coins can fetchsubstantially more.

Local coin shops generally sell bullion, though it's also widely available -- often at a smaller markup -- through a variety of online dealers,including Apmex.com and BostonBullion.com, among others.

Pros: Though this is conspiracy theory, if the government ever confiscates gold or limits its ownership -- as happened in the 20th century-- possessing gold in physical form offers some means of retaining control of your wealth in an economic disaster.

Cons: Risk of theft or loss if you keep gold at home. If it's in a bank safe-deposit box, you won't have access in an emergency ifthe bank is closed. And safe-deposit boxes aren't insured in the event of a disaster.
[h6]Pooled Accounts[/h6]
These are sort of like a gold bank account in that your gold is held in a vault. The markup per ounce is usually less than 1% of gold's current marketprice, making this cheaper than owning physical bullion.

Depending on the provider, pooled accounts are either "allocated," meaning that specific, numbered bars are allocated to you, or"unallocated," meaning you're assigned a sum of gold, though not specific bars. Allocated accounts charge annual storage and insurance fees.Unallocated accounts generally don't. Kitco.com and EverBank.com offer pooled accounts.

Pros: Perhaps the most secure form of owning gold, since the metal is kept in a vault and the inventory is regularly audited. You can alsorequest that your gold be sent to you, though you'll typically pay delivery and fabrication charges.

Cons: Annual fees in allocated accounts can add up over time, while some unallocated accounts are held in the company's name, meaningthat if the firm goes bust, creditors can grab the company's assets -- including your gold.
[h6]Exchange-Traded Funds[/h6]
These trade like shares of stock on a stock exchange, with each share representing some fractional portion of an ounce of gold. For instance, each share ofthe SPDR Gold Shares ETF represents 0.1 ounce, and thus trades at about a tenth the price of gold. Theshares are typically backed by physical gold held in vaults in London, New York and Zurich and audited regularly.

Pros: Relatively cost-effective ownership, since you're not paying insurance and storage costs. Nor do you take physical possession ofthe metal, so there are no fabrication costs or risk of loss or theft. Buying and selling are instantaneous.

Cons: Taxes. The government treats gold as a collectible, and thus capital gains on a gold ETF are taxed at a flat 28%, nearly double thelong-term capital-gains rates on stocks.

You also pay the ETF's management fees -- roughly 0.4% -- which depletes your account. You can't request that gold be fabricated into bars. And ifthe government ever does confiscates gold, "some people think ETF gold could be seized," says Leo Larkin, an analyst at Standard & Poor'sEquity Research.
[h6]Mining Stocks[/h6]
With publicly traded mining companies, you don't own the metal but you do own shares of companies digging holes in the earth. This is the most leveragedgold play, since a rising -- or falling -- gold price is spread across hundreds of thousands or millions of ounces the company has in the ground.

Pros: More bang for the buck. Mark Johnson, portfolio manager for the USAA Precious Metals & Minerals Fund, estimates that "youprobably have to put two times as much money into bullion or ETFs to get the same exposure to gold as you do with mining shares."

Cons: Exposure to all sorts of corporate and geopolitical risks, based on the countries in which a particular gold miner operates. Andbecause mining is so energy intensive, rising energy prices can negate some of the increase in gold prices.
 
Dang, what are you guys doing with your srs, skf, faz?

DKY, is it a good time to just get out of these etfs and buy some more GG, IAG, FCX, NFX, and X.
 
Originally Posted by truth 15

Dang, what are you guys doing with your srs, skf, faz?

DKY, is it a good time to just get out of these etfs and buy some more GG, IAG, FCX, NFX, and X.
Click to expand...
SRS seems to be at a stronghold at around $57 a share, until it drops off that I'm holding put on my positions. Hopefully in the next fewdays we have a strong push to $70 off of some poor results from some of REITs and I get out.
 
real talk, screw SKF, if your sentiment is saying that financials are gonna do bad, i'd rather go in all the way with FAZ. when you've had enough shortit. look at november charts when skf hit $300+, the week after it was $140's. Example of a short sale then.

$298 x 750 shares = $223,500

$145 x 750 shares = $108,750

$223,500-$108,750 = $114,750

$114,750 x .65 (35% capital gains) = $74,587.50

Just an example, but I don't think anyone can say that's bad money.
 
I have some gold coins. To be exact I have 1 Hungarian (4 dukat) from 1915, and 1 Austrian Corona (100 Corona). Those are probably worth good money, since theywere bought for $240 and $382 respectively in 1984. How do I go about selling those. And when would be a good time to sell? Anyone know?
 
Originally Posted by 651akathePaul

I have some gold coins. To be exact I have 1 Hungarian (4 dukat) from 1915, and 1 Austrian Corona (100 Corona). Those are probably worth good money, since they were bought for $240 and $382 respectively in 1984. How do I go about selling those. And when would be a good time to sell? Anyone know?
Click to expand...


*bump to a new page
 
35% for capital gains, damn. That's interesting nicefro, its hard not to get greedy especially when you're making solid returns. I have a hard timepulling the trigger to sell but it seems like profit taking is the smartest way to go. Good info

How long have you been trading?
 
Since October.
The capital gains depends on profits, the 35% is just a number but if you're making big bucks it's in that area.
 
You must log in or register to reply here.

Similar threads

dblplay1212
StockX scamming? How is this legal?
2 3
Replies
56
Views
6K
05fordgt
05fordgt
feeninlikejodeci
Have You Ever Seen A Dermatologist?
Replies
13
Views
2K
Donky
D
us3less
Healing/Recovering from Anxiety and Panic Attacks - by Allowing the Feelings and Thoughts to Happen
Replies
1
Views
453
Belgium
Belgium
therealest1
Nike Caitlin Clark Signature Shoe - 2025
2
Replies
31
Views
4K
soleaddict33
soleaddict33
tr1ll
I propose a new SPOILER rule for media in NT's Terms and Rules.
Replies
22
Views
1K
maldonado
maldonado

The ultimate sneaker enthusiast community.

NikeTalk was created as a way of giving back to both the sneaker enthusiast community and to the greater global community of which we are all a part.

NikeTalk is NOT affiliated with Nike Inc. in any way, shape, or form. All opinions expressed herein do not necessarily reflect those of Nike, Inc.

© 1999-2024 NikeTalk.com

Share this page

Back
Top Bottom