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Everything posted by S60R

  1. Do you happen to know where to find this information without Level 2, if at all possible? Many thanks.
  2. This is a very nice plot, DrBubb. It gives a nice perspective over a couple of decades. This is a very sizable volume build up in the last 1 or 2 years without any significant moves. It can be seen in many mining stocks. Please share your thoughts on what might be going on The price/volume behaviour for some mining stocks resembles the general stock behaviour in early 2009, while others exhibied a very different price/volume dynamics.
  3. Hello DrBubb, What do you think of this particular stock? From a technical perspective, it looks like it wants to go higher. It hardly has any overhead resistance, relatively cheap, all of the last rises took place on an increased volume. I remember 10 years ago or so, you had a good thread on how to select juniors from different perspectives, and not only technicals. Unfortunately, I could not find that thread recently. Out of those stocks mentioned in your previous post: OR is the most attractive one. The others are in the downtrend now and I burned my fingers a few times in an attempt to catch the turn.
  4. Please forgive me if I am wrong, but as far as I remember, a continuous trading range below 1$ on NYSE, can result in a delisting of a stock when it goes to the OTC market. However, this becomes a very different story. Some companies might be willing to find as many positive news in those times. However, on this occasion it did not have much influence on the price despite bad news. I does not satisfy my buying criteria, but I can see that it is marked as a "Strong Buy" at present, so I will be watching it closely.
  5. Very interesting read, thank you. I might be overly cautious here, but I would have thought that getting hold of a great valuable asset is one thing, but being able to execute nicely on the production is bound to require a very different set of skills and knowledge for a company whose "principal business is the identification and evaluation of mineral assets for exploration"y and how can one monitor a quality of such execution? The only thing that springs into my mind would be watching the price action and volumes but the good opportunity might be long gone once the graph becomes more or less conclusive.
  6. It will be a resistance level, for sure, however, if we try to correlate the current volume levels with the volumes that existed at $4.00-level 2.5 years ago then, I feel, it might not necessarily be a strong resistance. From your experience, what is the "expiry time horizon" for junior miners and for stock in general, when the previous resistance levels can be disregarded? 3 years? or more?
  7. We have seen it now, Big move today and the volume gradually grows as you thought. It would be nice if it retracts a bit for another good entry point..
  8. Thank you for the find DrBubb !!! Fulfills Stan Weinstein's strong buy criteria, apart from the fact that that the stock is not very liquid at all.
  9. S60R

    Commander T's Diary

    As far as I know, no-one mines rhodium. It's too rare to be mined on its own. It's a by-product of mining Pt and a bit of Rh can be extracted from Nickel production. If I remember correctly then there are 10 mined oz of gold for each 1oz of Pt , and for 10oz of Pt for 1oz of Rh. i.e. the ratio of mined Rh/Au is one to a hundred. The price ratio or Rh/Au fluctuates from 1 to 10 and at present it's @ 0.9, but was as low as 0.7 in mid-December 2013.
  10. S60R

    Commander T's Diary

    Yes, the buy price at Kitco is $1125, sell price $1025 XRH0 0.1ouce units are @115. It becomes more common to see the XRH0 price being higher than the one from Kitco. In one extreme situation that disparity was at 10%. I recon it doesn't make any sense to buy ETF if the physical metal is cheaper, unless it is a short term speculative purchase. The good point about XRH0 is that it has never been below the price of 0.1 ounce. so there is of course counter party risk, possible liquidity issues, @notanewmember or anyone experienced with the ETFs. Can you, please, comment and advise on how to assess the health of the XRH0 and how to spot any possible problems? Many thanks in advance
  11. S60R

    Commander T's Diary

    There is a good article on the reasons behind that nasty fall in Rh prices in 2008 http://www.resourceinvestor.com/2008/08/21/can-one-mans-actions-take-6-billion-in-value-out-o XRH0 had a nice run up of 30% in late December2013 - early January 2014 but then the XRH0 volume dried up and I am concerned about some noticeable price disparities between XRH0 and the physical Kitco prices. Kitco's "sell-buy" spread is big, 10% at present levels, XRH0 can trade with much much lower spread and the fix price can be anywhere within the Kitco spread range. In early January, the XRH0 price shot above Kitco "sell" price by 10 % and shortly after that the volume dried. I think this goes to show that the currrent amount of investors in the Rh market is very low. The industrial demand is not there yet, I think there was a good industrial demand with the introduction of the emissions norms such as Euro3, 4, 5 etc, when lots of new "unused" ounces of Rh needed to be used in cars catalytic converters. Now, 10-15 years later, recycled Rhodium is fed back into the market and the supply seems to be steady and predictable. i.e. there is much bigger portion of industrial Rh in circulation and therefore there is less dependency on the supply of the "brand new" Rh from South Africa and Russia.
  12. S60R


    It looks like a laser beam in the downward direction all the way through 2011. It is, however, at a key resistance point now with good volume exhaustion for the downtrend and higher volume on the way up now. In addition, the ABC structure on the way down from January 2010 is nearly complete. Lots of junior Lithium companies had a good bounce from December 2011 lows. The question is: how long is it going to last?
  13. I had a job-related move to Sweden from the UK a month ago and, surprisingly, I like absolutely everything about this country. No doom and gloom, well, at least I have not noticed it. The economy and SEK are very strong, everything moves regardless of the amount of snow, it looks very industrial, not overpopulated, prosperous, no benefit fraud (compared to the UK scales) and low unemployment. People pay more tax here but get much more in return too. This is something I don't mind doing, especially taking the cost of childcare into account 800GBP/child in the UK & equivalent of 80-100GBP/child in Sweden. The property prices are very similar to the UK ones with the only exception that the same amount of money can buy many more square metres. The salary even after Swedish tax is ~20-30% higher (mainly due to strong SEK). Keeping this in mind and assuming that the childcare costs are next to nothing, I just wonder what is considered to be a healthy annual income multiple which one can prudently borrow. Asking my Swedish colleagues, I could not get a decent answer, it's all the same UK story about prices constantly either going up or being steady. So I understood that some local people got brainwashed here too and hej-hej: UK property porn programs are on all the time. Given that this site attracts a healthy amount of independently thinking people, I decided to through in a couple of questions: 1. What is a healthy mortgage/annual income ratio here. 2. Are there any underlying problems in the Swedish economy, society and is there anything to watch out for? My move to Sweden is temporary but I am really seriously thinking about making it permanent. Should there be any Swedes or people who emigrated to Sweden in the past, then I would deeply appreciate your comments. Many thanks in advance / Tack så mycket!
  14. Very many thanks, DP, for this post and for the PM. I truly appreciate this. Apologies for not replying sooner I am just so busy at the new place... running like a headless chicken; however, just 2.5 months later I like it even more here. I am finding the links with the stats being particularly interesting and am going through them rather slowly. Swedish is still a problem but I am making some progress. Local.se is a great source of information in English though. It was the engineering business that brought me here and I am amazed how many companies and industries are here. It looks very prosperous and pleasantly busy in comparison to the UK. I am not sure about the "slight dip" though. I've heard quite a few unpleasant stories about 2008 and I am just somewhat worried how it might play out if the second leg of the downturn comes around. All of the car, lorry, tractor & boat manufacturers as well as the mining and processing industries might (just might) find it hard to go through it and the strong kroner is not going to help if/when the global economy sends its "present" across to the Swedish shores. Nice double top and not far from the upper part of the ascending channel. True, and it would make a perfect sense for me to continue renting for a bit longer. Apartments are very spacious and seem to be fairly affordable 3-4 times annual income. The houses in the cities or by the sea are fairly expensive. When I have a bit more time I will try to follow DrBubbs recommendations and review the historical price and price/(annual earnings) ratios just to see where the market is likely to go from here. They are indeed and I really like them. Always did. Tack så mycket!
  15. I am currently reading Prechter's book and it appears that the author uses the dividend yield graph alongside the DJIA (or any other index) to help his labeling. The idea is that the stock dividends normally decline near the tops and rise near the bottoms. Does anyone happen to know where to get this information in a graphical format?
  16. The correct link is: http://www.abc.net.au/news/stories/2010/07/21/2960245.htm
  17. True. SPY on the other hand is revisiting the area of strong resistance now. The US markets aren't close yet but the volume has been very low, we have a doji indecision day, indicators are getting close to the areas where the selloff happened a couple of months ago, the AB=CD pattern is virtually complete and perfect, yes and tomorrow is 9th of March. Shorting with a tight stop loss is what I am about to do now.
  18. Thank you, GTG! I have bookmarked his website and will have a thorough look once I have finished with Nison and Achelis books.
  19. I am glad that you figured out how to evaluate your own edge that helped you to make a number of good calls and boosted your trading confidence. Surely, this gives you a great advantage. I remember a number of your posts related to K-wave theory and I will revisit and try to reanalyse them for myself. I understand and am trying to follow a similar path. I am not too keen on fractals as they do fail very often, so do patterns and the lagging indicators of course. I have to admit that I don't have much experience yet. However, I do have scientific and engineering background and, at present, I am trying to evaluate individual probabilities of various patterns and indicators in the markets that I am trading. The aim is to do a simple statistical analysis to evaluate an overall probability. Once a good pool of data has been sampled I will code it in to give a semi-automatic signal for placing the trade. This can be easily done for indicators and even candlestics. The problem with the fractals especially the 18-year cycle ones is in the accuracy of the data and the insufficient sampling. As I mentioned before, I need to review your work posted on GEI before, in order to see how you've overcome the above limitation with the K-waves. I will probably ask a few more questions very soon, if you don't mind. Me too, currently reading Steve Neson book on Japanese candlesticks. Interesting stuff, but requires a lot of comparison and analysis with the current charts. What was that black candle that you mentioned in another post. I understand the red and the white (or black and white), hanging man, hammers, dojis, but where the heck on earth the black one (in the context of red and whites) came from? Many thanks.
  20. I respect your view, however, I look at it a bit differently. I would personally wait for GLD to break the horizontal resistance of 111 and only if the volume goes above average. Advfn link You seem to be bearish on USD at present. Do you rule out a possibility of equities, USD & gold drifting sideways until the "dust is blown" in April or May?
  21. Interesting, however, would you consider increasing your position in the agricultural stocks now or would you wait until the deflationary swing played out? The same question stands for the uranium stocks. Personally for me as a GBP holder, I think, it would make sense to convert an allocated amount from GBP into USD and then leave that cash with my Canadian broker for another 3-6 months and only then purchase these stocks. Any comments on this are much appreciated.
  22. Many people on this site including myself would consider this as invaluable learning possibility rather than your bragging. So please do tell us! As far as the trading discipline is concerned, I would appreciate if you could outline the major rules that one must follow including those rules that you broke last year. Many thanks, as always.
  23. S60R


    Does anyone know how reliable Jamie Saettele's predictions have been in the past?