MARKETS,Anybody even yet?

[dinghy]

Good example of opening bell (9:30 am) wackiness:



NEM was rolling along near 83, but then collapsed 2% in an instant.

Spectacular buying opportunity imo, except for the widened bid-ask spread compared to normal. I got one fill (at 81.33) and one fail (81.28).

Then late in the session, NEM crashed 3% on a rumor that it will buy full ownership of the Nevada Gold Mines venture from Barrick. Newmont is cash-heavy from its asset sales and gushing cash flow. One reason people hate gold miners is because they've historically done bad deals at cycle tops.

[dinghy]

Landslide win for the good guys (relatively speaking) in Argentina.

In theory, my related stocks (BMA, CRESY, GGAL, LOMA, PAM, YPF) should effervesce tomorrow.

[dinghy]

Gold (both spot & futures) has taken out $4000, from the wrong direction.

I'm replenishing my miners. I love NEM below 78, WDOFF below 14.50, and AGI below 30. Among others.

[tech58]

$4000 looking like a support level? Any serious breach and look out below.

[dinghy]

$4000 looking like a support level? Any serious breach and look out below.

I can't find the "serious" button on my calculator .

It's not clear to me why 4000 would have any particular significance. I don't see any history of congestion at, or touches of that level. Regardless, I'm happy to buy more of my miners if they want to present me the opportunity.

[dinghy]

i can haz flush plz

[dinghy]

Worst flush ever.

The overnight lows establish my new buy areas: GDX 67.40, NEM 75.25, AEM 148.80.

Elsewhere, UNH traded up to 389. Looked like a good quarter, but it's now red (under 365).

[dinghy]

More DKNG, 31.50.

Gold traded below 3900 (cash), so by any definition that's a "serious" break of 4000.

[wildman49]

would love to see 3500-3600 and load up

[olds442jetaway]

Ditto