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Started By
Message
Gold down $86
Posted on 6/20/13 at 5:43 am
Posted on 6/20/13 at 5:43 am
OHHHHHHHH boy. Here comes one hell of a correction in the market today. Bad enough yesterdays closing.
What y'all think?
What y'all think?
6
Posted on 6/20/13 at 6:21 am to fishfighter
I think I am happy I sold my bond funds last Thursday.
Posted on 6/20/13 at 7:16 am to Janky
Posted on 6/20/13 at 7:41 am to fishfighter
I feel bad for a lot of people I know that were throwing all their money to gold and silver...
Posted on 6/20/13 at 7:48 am to fishfighter
I've been waiting for this for awhile, I'm in on silver at $20. Placing order now.
Posted on 6/20/13 at 7:51 am to ItNeverRains
dont worry C theyll collect dividends on gold as it corrects....lol
over here Im having a woody bc of this correction, my biggest position pays its dividend friday and I get more shares!
over here Im having a woody bc of this correction, my biggest position pays its dividend friday and I get more shares!
Posted on 6/20/13 at 7:54 am to fishfighter
If gold is down, you know the dolla is up.
Anyway, the Feds say they are going to stop pumping as soon as 2014, if the economy improves, which they believe is showing signs of improvement. Thats whats triggering the sell off right now. I dont think it will be as bad as some people think.
Anyway, the Feds say they are going to stop pumping as soon as 2014, if the economy improves, which they believe is showing signs of improvement. Thats whats triggering the sell off right now. I dont think it will be as bad as some people think.
This post was edited on 6/20/13 at 7:55 am
Posted on 6/20/13 at 8:04 am to C
quote:
I feel bad for a lot of people I know that were throwing all their money to gold and silver...
This is what happens when you invest emotionally.
Posted on 6/20/13 at 8:15 am to C
quote:
I feel bad for a lot of people I know that were throwing all their money to gold and silver...
I don't.
It's just an example of financial Darwinism at its finest....
Posted on 6/20/13 at 8:32 am to Janky
quote:
I think I am happy I sold my bond funds last Thursday.
Where did up put the money?
Posted on 6/20/13 at 8:40 am to PlanoPrivateer
quote:
Where did up put the money?
I can do my best Russian impersonantion and say I went 100% into the US dollar, but I would be lying.
Went to cash until yesterday then put most of it back in to a few balanced funds I use. I know these funds have bonds too, but I figured this was a better place than cash. I also parked some of it in PBSMX.
Posted on 6/20/13 at 9:20 am to Janky
Talk about wealth transfer.....only a dumb person would be selling great companies with great dividend histories today.
That is financial darwinism, people taking losses while nothing has fundamentally changed in these companies from last week to today.
I bought 3 or 4 companies I loved at great great prices today
That is financial darwinism, people taking losses while nothing has fundamentally changed in these companies from last week to today.
I bought 3 or 4 companies I loved at great great prices today
Posted on 6/20/13 at 10:11 am to ThaBigFella
Myself, first thing this morning, I bought 1,000 shares of Gold Corp at 24.51. Then I put my sell order in for all at $24.92. Quick $400 in 30 minutes. God, I love a dropping market. Way to easy of picking. 
Done for the day, but still looking at a few.
Done for the day, but still looking at a few.
Posted on 6/20/13 at 10:18 am to C
I do as well on gold and silver. I was very bullish on gold until it broke the 1500 level. Any PM purchases should be viewed as short term trades IMO. Buying for long term isn't going to work out to well IMO, especially when compared to stocks.
Posted on 6/20/13 at 10:25 am to LSU0358
I been on the side lines waiting for a correction for the last three months.
Still waiting for a bigger drop in the next week or two and play the over sold market each morning in day trading.
Never Get Greedy doing THIS!
Still waiting for a bigger drop in the next week or two and play the over sold market each morning in day trading.
Never Get Greedy doing THIS!
Posted on 6/20/13 at 12:29 pm to Janky
quote:
Went to cash until yesterday then put most of it back in to a few balanced funds I use. I know these funds have bonds too, but I figured this was a better place than cash. I also parked some of it in PBSMX.
Thanks. PBSMX has a duration of 2.91. I will be reallocating among stock mutual funds and bond mutual funds at the end of the month. One of my funds is a stable value fund with a low duration. That's the one I've been moving money to play defense on my bond side.
Posted on 6/20/13 at 12:37 pm to PlanoPrivateer
quote:
PlanoPrivateer
PBSMX is an A share with a 3.25% front load. I am able to buy it on a load waived basis, so it makes sense for me. I am sure they have other share classes, but I would not pay a load to buy it.
Posted on 6/20/13 at 1:51 pm to fishfighter
Fox news will have to find a new sponsor.
Posted on 6/20/13 at 2:05 pm to Jim Rockford
The market as one is taking a beating. Knocked out May and June rises.
No place to run.
No place to run.
Posted on 6/20/13 at 2:45 pm to Janky
quote:
PBSMX is an A share with a 3.25% front load. I am able to buy it on a load waived basis, so it makes sense for me. I am sure they have other share classes, but I would not pay a load to buy it.
Thanks. Don't plan on buying that one. I was just wondering where you were moving that money to. I am favoring low duration bonds and dividend paying stocks. Looks like we may be getting some higher yields from dividend paying stocks if the market keeps droping.
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