Wikinvest Wire

Filling some limit orders today?

Thursday, February 04, 2010

It is on days like this - when limit orders you placed a while back (that looked ridiculous at the time) all of a sudden look as though they might get filled - that you remember how important the battle between fear and greed really is in the minds of investors.
IMAGE For example, with the near-vertical drop in the price of gold in recent minutes, what might have seemed like a bargain price a month or two ago now all of a sudden looks like it might be just a way point to triple-digit prices.

Troubles in southern Europe and the resultant stronger U.S. dollar are certainly making for an interesting day so far in financial markets - it looks like the Dow Jones Industrial Average wants to make it a 200-point down day today.

Bookmark and Share


Anonymous said...

Announce record deficit.
Watch currency strengthen.

What a wacky world we live in.

News said...

I'll be a buyer at 925-975. I think most of the rise was driven by Newmount dehedging. Now there is one less buyer in the market who accounted probably for 5-10% of buying.

I could be wrong, but CB of India (just like Fed) or Newmount (just like homebuilders) are not good predictors of where market price should be.

Dan said...

wasn't there an article a couple of weeks ago that read, "If you're in gold, shut your eyes for the next couple of months..."

Tim said...

If there wasn't, there should have been.

Anonymous said...

There is only one time to be all in or all out and that is at extreme, irrational points in market sentiment. The rest of the time, you have to keep a sane % in cash. When you are doing that the volatility is welcome. The time to look away is when nothing happens.

Anonymous said...

Not yet. 1st set of stinks are around 1050.

  © Blogger template Newspaper by 2008

Back to TOP