Skip to comments.Daily investment & finance thread (5-2-13 edition)
Posted on 05/02/2013 3:22:42 AM PDT by dennisw
Daily investment & finance thread (5-2-13 edition) ---- Freepers lets make some cash
Trying to focus on the markets for today and each day and the economic news
This is where you can impart some investment wisdom to your fellow freepers.
You can comlain about the big one that got away.
How Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals and has great presence on ebay for easy quick impulse buys such as a gift for a college boy's graduation. College Girls too! Even high school.
Kitco is the best site for gold and silver charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe
Sites that posters have recommended ------
hot stuff here Rush Limbaugh quotes them sometimes
Gold, Out of the Box Thinking etc...
Oil and Gas Industry
The Commodity Massacre Is Back Today Gold Tanks Again
May 1, 2013
WTI crude oil is getting hit pretty hard this morning. Right now, it’s down about 2.8%, trading at $90.85 a barrel.
Copper is getting hit too it’s down about 3.2%.
Gold, meanwhile, is down 1.5%, trading at $1450 an ounce.
In fact, the entire commodity complex is pretty heavy in the red today, with the exception of natural gas. Silver, platinum, palladium, corn, wheat, sugar, coffee, soybeans, gasoline, and heating oil are all coming under selling pressure.
Overnight, we saw weaker-than-expected manufacturing data out of China and weaker-than-expected export data out of South Korea. Those releases, coupled with a worse-than-expected employment report from ADP this morning, seem to be weighing on commodities as concerns over global growth re-ignite.
Who’s all selling in May and going away?
Holding, but I’m 50% cash at the moment hoping for a down draft.
Trying to time the market is the worst and most fundamental error of small investors
--almost as foolish as ignoring current price/volume trends. Many of us have been happy following strategies that have worked in the past during similar patterns. Personally, what I'm seeing now is an unstable sideways market; what's worked in the past is extra caution + readiness to go either more in or out completely.
Whoa, talk about ‘unstable’. Visa up 5% and SMA down 16% at opening...
I tend to watch the 50 and 200 day moving averages. So, we’ll see what those look like this month.
That being said, we have kinda stunk at timing the market in other ways.
I don’t know, I am a bit too nervous to “hold” through it all for the next 20 years til retirement. But we make mistakes too. What to do?
For the long term, do you yourself believe that due to the excessive money in the markets printed by the Fed since the sit-down between then president Bush and candidate elect Obama under the guise of bailouts... will result in a strong market pull back in order that this excessive money is destroyed within the markets (money supply) in order that regular Americans will be spared major inflationary pain beyound say what we experienced under Reagan?