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What's Your Guess?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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What's Your Guess?

Postby beauanderos » Fri Jun 24, 2016 8:45 am

Dow down heavy following Brexit. Where will it end today?

My guess? The PPT will come in and algorithms be employed. By the end of the day the DOW will end only one percent loss (if they have their way).
If they "lose control"....

look out below :o :shock: 8-)
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Re: What's Your Guess?

Postby Country » Fri Jun 24, 2016 9:52 am

Going Up!

Watch what happens when the commercials assess that they are going to loose BIG TIME! I would guess $1400 GOLD soon as the shorts are forced to cover. I think GOLD could move much higher when the idea of another member of the EU leaving is a possibility. Further, our Fed will not be raising rates anytime soon. The BULL is back!
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Re: What's Your Guess?

Postby Recyclersteve » Sun Jun 26, 2016 5:11 pm

I have no proof and, of course, the benefit of hindsight. But it seems that the PPT doesn't usually come in after a one day decline of 3%. It seems more likely that they would wait for a minimum, say, 10-12% pullback and that would usually take anywhere from four days to a couple weeks to occur. We shall see...

For others, PPT = Plunge Protection Team. More details available via Wiki.
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Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: What's Your Guess?

Postby Cu Penny Hoarder » Mon Jun 27, 2016 10:05 am

Recyclersteve wrote:I have no proof and, of course, the benefit of hindsight. But it seems that the PPT doesn't usually come in after a one day decline of 3%. It seems more likely that they would wait for a minimum, say, 10-12% pullback and that would usually take anywhere from four days to a couple weeks to occur. We shall see...

For others, PPT = Plunge Protection Team. More details available via Wiki.


I tend to agree with this, but I don't think they will allow another huge down day in the market... -200 or -300 points maximum.

My co-workers are starting to bitch about their 401k's. Paper garbage.
Time is precious, stop wasting it.
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