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A Game-Changing Crash . . . .

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  • sk_wheatking
    Senior Member
    • Sep 2011
    • 898

    #51
    Originally posted by errolanderson View Post
    Gold collapse in-progress . . . . what a mess . . . .
    I have to tell you, you seem to be enjoying this a little too much

    Tesla down!!!!! Tsx what a disaster!!!!!!

    Your down in the dumps, doom and gloom depressing comments on here are hard to take at the best of times, but this victory lap is a joke. So the markets are down, they will come back.

    Comment

    • macdon02
      Senior Member
      • Sep 2007
      • 1858

      #52
      Don't knock it SK, you need both sides to see sentiment. Ive seen calls for new highs quicker then you might think. Over exuberance usually indicates a move is getting ripe. There's value in these comments and you need to know what to look for to put it to use. In this case, gold was signaling that the risk was over, the fact it was moving up in sync with equities is a giant flag that something is coming. Then you apply technical analysis to see just how far it can go. You could pick the top just on comments made here about gold continuing up when it had failed to break 1700. There's little bread crumbs dropped all the way to a change in trend. You just have to look and listen. A more bearish then bullish sentiment as a grain producer will serve you very well 18 out of 20 years.

      Comment

      • biglentil
        Senior Member
        • Jun 2015
        • 3346

        #53
        Dont worry a big fat stimulus package is coming. Fed just has to hit ctrl-print.

        Comment

        • sk_wheatking
          Senior Member
          • Sep 2011
          • 898

          #54
          Originally posted by macdon02 View Post
          Don't knock it SK, you need both sides to see sentiment. Ive seen calls for new highs quicker then you might think. Over exuberance usually indicates a move is getting ripe. There's value in these comments and you need to know what to look for to put it to use. In this case, gold was signaling that the risk was over, the fact it was moving up in sync with equities is a giant flag that something is coming. Then you apply technical analysis to see just how far it can go. You could pick the top just on comments made here about gold continuing up when it had failed to break 1700. There's little bread crumbs dropped all the way to a change in trend. You just have to look and listen. A more bearish then bullish sentiment as a grain producer will serve you very well 18 out of 20 years.
          I get it, but his way of going about it is over the top.

          Comment

          • malleefarmer
            Senior Member
            • Nov 2005
            • 5424

            #55
            Originally posted by macdon02 View Post
            Bottom in grains. Buy with both hands.
            On holidays will watch with both eyes.

            Comment

            • jazz
              Senior Member
              • Jul 2018
              • 9308

              #56
              Originally posted by sk_wheatking View Post
              I have to tell you, you seem to be enjoying this a little too much

              Tesla down!!!!! Tsx what a disaster!!!!!!

              Your down in the dumps, doom and gloom depressing comments on here are hard to take at the best of times, but this victory lap is a joke. So the markets are down, they will come back.
              SK, he is not wrong, the TSX is a disaster in the making. The TSX is not the same beast as the S&P. TSX is heavily concentrated in energy, mining and financials. We have seen the investing environment for big resource projects basically destroyed by Trudeau and his cabal. The financial companies lend investments for those projects and now they are being told by climate radicals not to fund O&G. The only other play is our house market and that will tumble without resource revenues coming in. Its a big chicken and egg to nowhere.

              I wouldn't touch any stock in the TSX that's not cross listed in the US.

              Comment

              • sk_wheatking
                Senior Member
                • Sep 2011
                • 898

                #57
                Originally posted by jazz View Post
                SK, he is not wrong, the TSX is a disaster in the making. The TSX is not the same beast as the S&P. TSX is heavily concentrated in energy, mining and financials. We have seen the investing environment for big resource projects basically destroyed by Trudeau and his cabal. The financial companies lend investments for those projects and now they are being told by climate radicals not to fund O&G. The only other play is our house market and that will tumble without resource revenues coming in. Its a big chicken and egg to nowhere.

                I wouldn't touch any stock in the TSX that's not cross listed in the US.
                Maybe, I guess we will see.

                Comment

                • biglentil
                  Senior Member
                  • Jun 2015
                  • 3346

                  #58
                  Tell me how did the Canadian resource sector do from 08 to 2011?

                  Comment

                  • MBgrower
                    Senior Member
                    • Sep 2012
                    • 1565

                    #59
                    Originally posted by jazz View Post
                    SK, he is not wrong, the TSX is a disaster in the making. The TSX is not the same beast as the S&P. TSX is heavily concentrated in energy, mining and financials. We have seen the investing environment for big resource projects basically destroyed by Trudeau and his cabal. The financial companies lend investments for those projects and now they are being told by climate radicals not to fund O&G. The only other play is our house market and that will tumble without resource revenues coming in. Its a big chicken and egg to nowhere.

                    I wouldn't touch any stock in the TSX that's not cross listed in the US.
                    I agree, i havent bought a cdn resource based stock in 4 years, i cant see any growth in this country's resource sector for a long time.

                    Comment

                    • jazz
                      Senior Member
                      • Jul 2018
                      • 9308

                      #60
                      Originally posted by biglentil View Post
                      Tell me how did the Canadian resource sector do from 08 to 2011?
                      Consolidated post poned projects streamlined.

                      That's a whole lot different than throwing your hands up and leaving the country.

                      I was working downtown cowtown at that time and I don't remembers any 40 storey buildings completely empty like the Nexen building currently is. There were building them all over the place.

                      Comment

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