RIO TINTO Nearology Jadar Project, page-227

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big mahn

11,604 Posts.

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09/02/18

09:30

Post #: 30935920
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Originally posted by Patong1 ↑

Fundamentally many things have changed, Bonds breaking higher, Interest rates etc. The derivative market.

I think this correction is going deeper than what many believe.

I was analysing the Dow and S$p yesterday before the market opening this is what i wrote to a fellow trader, "Just gone through the Dow , S&P and some of the Russel. Thinking could be another test lower before a continuation." I am monitoring good setups, but holding back from buying at the moment, cause most likely need a double bottom or consolidation.

I've posted a 101 on intermarket relationships.

This was a bit of a kicker last night also.

https://www.cnbc.com/2018/02/08/bank-of-england-policymakers-interest-rates-unchanged.html

I don't like to copy and paste opinions, however, at present, I think the above two links explains alot for people who don't understand the mechanic's of the markets.

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I've been worried about a significant correction for a while which led me to buy some solid gold miners, PMGOLD, and BBOZ to try limit risk a bit, this is only a tiny holding in comparison so I am not too concerned. The good thing is they have over $4m in cash. I think I will wait a bit longer before buying any more stocks that appear value for now. This volatility is good for the traders out there at least.

JDR Price at posting: 1.9¢ Sentiment: None Disclosure: Held
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RIO TINTO Nearology Jadar Project, page-227

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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