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17833594 No.17833594 [Reply] [Original]

Aight boys big red dicks don't look like they're goin flacid any time soon and the impending SPY dump is gonna burn through any of the braking the rate cuts have had over the last few weeks. Whats your play? Forex? Options? Metals? For me its almost all in on gold ETFs anticipating a continuous dump all week next week. Also considering Westpac puts for the next fortnight as the quantitative easing measures probably wont slow down

>> No.17833616

If you're not shorting the absolute shit outta everything mate I don't know what to say. Wait for winter to hit here and then see things get serious

>> No.17833675

>>17833594
How do I go about purchasing gold mate? Can you give me a run through on how to do it? Cheers cob

>> No.17833701

I hope you all die from corona

>> No.17833713

>>17833675
KYC exchanges like perth mint allow you to buy bullion and coins mate. You might want to check out the metals thread for more info too

>> No.17833740

>>17833675
Just buy a detector and look for it ya simp

>> No.17833772

>>17833675
You can go the tinfoil hat route and buy gold bullion from a dealer and keep it under your mattress or just buy ETF Gold on whatever online broker you use. I did the latter since ill probably hold till mid week, take inventory of how likely more QE in the states is and then sell or hold. Gold is just insulation for the bulk of your capital but know that if the virus vaccine appears any time while you're holding youll get fucked

>> No.17833778

mate why the FUCK didnt i buy puts on friday before the close i knew this shit was going to be red

whats the best broker for options in this shithole? ive just moved back here after 2 years and off course shit hits the fan

>> No.17833786

How low will aud get to usd frenz?

>> No.17833850

>>17833713
>>17833772
Thanks fellas ill look into it.

>>17833740
Hey, i'm not looking to buy that many instagramers feet pictures.

>> No.17833853

>>17833778
I second this, looking to buy puts

>> No.17833859

>>17833616
Are you shorting with Options or Borrowed stock?

>> No.17833944

>>17833786
I doubt it will go lower than 0.61, in 2008 we dropped from 0.956 to 0.64. The US will feel the inflative brunt of their desperate fiscal policy and that will bring the AUD's buying power up a little.

>> No.17834091

>>17833853
Buy bank puts, I'm beating myself up now for not getting into westpac this morning, tomorrow will be a bloodbath in the au markets after the americans done swimming in red for the day

>> No.17834126

>>17833675
i have a perth mint account and they store it for me but if shtf I will have to cross the nullabor mad max style to get to my treasure

>> No.17834330

>>17833778
please respond

>> No.17834367

where do aussies trade options

>> No.17834377

>>17834367
yes

>> No.17834391

>>17834367
No

>> No.17834397
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17834397

I am putting all my money into bitcoin tomorrow.

Fiat money won't be worth jack much longer.

>> No.17834435

>>17834367


In kangaroos pouches

>> No.17834452

>>17834377
>>17834391
>>17834435
shut the fuck up cunts and tell me. i need to buy puts NOW

>> No.17834453

Vix is the play for you degenerate gamblers

I will just continue on as I always have

>> No.17834463

>>17834452
you could do plus500 cfd options but you'll probably get liquidated

>> No.17834477

>>17834397
Good luck with that. BTC is basically just a clone of the market now that the big finance firms are the primary investors.

>> No.17834549

>>17833594
I dont know what to do. I have 80k in cash. Going to bang a whore this week

>> No.17834566

>>17834397
Thats a terrible idea anon. Do you understand your ability to transact bitcoin is dependent on peoples ability to mine it, when the mining isn't profitable the transactions slow down. You'll be stuck holding bags.

>> No.17834571

Everyone post what they've overheard normies say

>Im gonna try and time the bottom cause its going to recover in 2-3 weeks

>> No.17834596

>>17833786
you could buy, easy turn 1k into 10k in a year. just put 1k in a forex account and buy 0.25 lots. you should be able to hold on even if it goes to 0.58

>> No.17834626

>>17834571
what do you predict will happen? what would you recomend doing financially if my portfolio is cash?

>> No.17834644

>>17834626
average in
or wait for the US monday morning tonight

or both
dont try to time the bottom

>> No.17834661

>>17834644
sorry im a bit slow. time the bottom of what market? Cryptos?

>> No.17834675

>>17833786
0.57

>> No.17834700
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17834700

>>17834661
ngmi

>> No.17834825

>>17834700
Nice dubs but I asked a legitimate question as to what markets he is refering to as to timing them.

I understand all the old boomerisms time in market not timing market etc.

>> No.17834921

>>17834825
since im not him I cant speak for exactly what he meant but my experience translates his statement to "dont try go all in on one entry when you think its hit the bottom, wait for the innitial daily dump to occur in the first 30 minutes and then put a little in during every dip to temper your losses if we see a dead cat that catches some steam". As for what market I presume he's referring to NYSE.

>> No.17834949

>>17834463
>plus500 cfd options

normie tier as fuck. do ib have a mininum deposit? ive only got 5K im willing to loose and if im messing with options, i imagine there will be some losses.

>> No.17834967

>>17833594
GOLD ETFs, you're fucked mate. Bullion banks running out of stock across USA. Australian sellers also getting smashed. ETFs gonna crash and physical will be all that's left standing. Germany opens soon. Expect mooning.

>> No.17835043

>>17834949
no Australian options. They're all based on cme options I think
minimum $200 which is a scam for normans because it has minimum orders with minimum leverage so they liquidate small accounts all day.
just sign up and have a look. I've made money on it leverage trading gold.

>> No.17835053

>>17833594
Might try some puts, hopefully market bottoms out and I can load into our mining sector. Weak dollar + cheap petrol = profit$$$

>> No.17835155

>>17834967
Im not planning a long hold, just till mid week and then ill take profits if we have consecutive red days and the FED continues QE. I don't think your purported shortage in bullion is a huge issue in the short term as shit has not yet made contact with the fan

>> No.17835177

>>17833778
Tastyworks for US stocks. As far as I know it's the only platform that allows Aussies to trade US options

>> No.17835197

>>17834967
I'm also of the opinion that hoarding physical bullion is schizo level doomsdayprepping but im open to having my mind changed if theres an article or some evidence you might have that could jeopardise my position in the short term

>> No.17835226

>>17835155
Whats your plan after you take profit mid week? Why not hold longer?

>> No.17835294

Is a Vanguard index fund a good buy for some risk averse noob? I'd like to get my lifelong boomer investment option started, and this seems a good time while its on sale.

My question is, can these index funds 'fail'? Why is there only 1 in Australia? What would happen to my money if the entire executive team were killed in a helicopter crash? What if the fund doesn't exist 40 years from now?

>> No.17835358

>>17835226
FED will QE if market records losses multiple days in a row. Just like last week the markets will pump and gold will sell off and go down. The FED has shown multiple times over the last month that they will pour every penny they have into their disabled childs life support in the hope that they'll wake up from their coma. I probably wont sell the whole position but definately will look to reduce exposure to the FED mid week.

>> No.17836245

>>17835358
Another dumb one for you to field. If the fed does QE, wont that devalue the dollar? Wouldn't it be worth to stay in gold? Or is the devaluing only minor?

>> No.17837333

ttt

>> No.17837612

>>17833594
metals
don't buy from online dealers, go to bullion shops or buy from Ebay. They WILL use KYC records to track down metal holders WHEN - not if - they implement something similar to the american Executive Order 6102

>> No.17837679

>>17833594
I don’t feel so good bros...

>> No.17837698

Wait wait wait wait, Just how much further is this shit going to drop? I'm waiting on it to stop so i can buy and make money on the green, feel like a bit of a gronk watching all you people make money while i sit here with my hand on my dick

>> No.17837859

>>17837698
>Not even flu season yet
>Economy was already tanking before wuflu
It's got a long wait to go.

>> No.17838510

BBUS

You can buy it on all exchanges. It's a leveraged short position on US shares, hedged.

You're welcome.

>> No.17838587

>>17837698
Keep the strategy you're most comfortable with. Don't be silly and short late because it's been going down lately. While we are most likely going lower who knows what's going to happen between there and now.