Morning Futures Roundup http://ping.fm/mPgwO
06 Wednesday Oct 2010
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Morning Futures Roundup http://ping.fm/mPgwO
06 Wednesday Oct 2010
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Morning Futures Roundup http://ping.fm/mPgwO
06 Wednesday Oct 2010
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Gold Mania? Not Quite http://ping.fm/gMXa7
06 Wednesday Oct 2010
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PRECIOUS-Dollar pushes gold to record; palladium at 9-yr high http://ping.fm/tXAp2
06 Wednesday Oct 2010
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Dollar slides, gold soars close to 1350 dollars http://ping.fm/XMrD0
05 Tuesday Oct 2010
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Gold Settles At New Nominal High…Again. (GLD, GDX, UUP) http://ping.fm/ek2e8
05 Tuesday Oct 2010
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American Express, Autodesk, Colgate, Google, Navistar: US Equity Movers http://ping.fm/wyfBF
05 Tuesday Oct 2010
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Private bankers advise: “just say no to gold” http://ping.fm/qrG71
05 Tuesday Oct 2010
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Gold price jumps to record high http://ping.fm/J4zc7
05 Tuesday Oct 2010
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Gold and Silver Mining Investment Plays :: The Market Oracle … http://ping.fm/axDpC
05 Tuesday Oct 2010
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Gold and Silver Jump Again as Fed Threatens to Print Money http://ping.fm/FkgTK
05 Tuesday Oct 2010
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FACTBOX-How to invest in gold and key price drivers http://ping.fm/PcpPG
05 Tuesday Oct 2010
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Markets News Monday: Euro above $1.37; Oil price above $83 … http://ping.fm/5bN8t
05 Tuesday Oct 2010
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November in October; Great Expectations http://ping.fm/39C3E
05 Tuesday Oct 2010
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Junior Resource Stocks Compared to Gold | Investing | Junior … http://ping.fm/VizXk
05 Tuesday Oct 2010
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PRECIOUS METALS: Gold, Seen As Currency, Extends Record Above $1340 http://ping.fm/j7stM
05 Tuesday Oct 2010
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Silver and Gold Prices: As Long as the Gold Price Stays Above … http://ping.fm/xuU9x
05 Tuesday Oct 2010
Posted in banking crisis, banking crisis banks bear market bull central deflation depression economic trends economy financial futures gold inflation crash Markets precious metals price protection recession safety silver plati, banks, bear market, Bernanke, bonds, bull market, central banks, China, commodities, crash, Credit Default, Crude Oil, Currencies, currency, Currency and Currencies, deflation, depression, dollar denominated, dollar denominated investments, Dow Industrials, economic, Economic Recovery, economic trends, economy, Euro, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, Forex, Fundamental Analysis, futures, futures markets, GLD, gold, Gold Bubble, Gold Bullion, Gold Investments, hard assets, How To Invest, How To Make Money, hyper-inflation, inflation, Investing, investments, Japan, Jschulmansr, Latest News, Make Money Investing, market crash, Markets, Moving Averages, oil, Options, PAL, Paladium, PALL, palladium, physical gold, platinum, PPLT, precious, precious metals, price, prices, Quantitative Easing, recession, risk, Risk Reversal, run on banks, silver, SLV, sovereign, Sovereign Debt, spot, spot price, stagflation, Stimulus, stock market, Stocks, TARP, Technical Analysis, The Fed, Treasury, U.S., U.S. Dollar, U.S. Government unfunded Debt, U.S. Treasury Dept
≈ Comments Off on GOLD and SILVER – Is the Bull Exhausted Yet?
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banking crisis, banking crisis banks bear market bull central deflation depression economic trends economy financial futures gold inflation crash Markets precious metals price protection recession safety silver plati, banks, bear, bull, central banks, crash, Currencies, currency, deflation, depression, derivatives, economic trends, economy, Euro, Eurozone, financial futures, FXE, GLD, gold, gold to silver ratio, hyper-inflation, inflation, market, Markets, precious metals, price protection, printing press, QE2, quantitive easing, recession, safety, silver, SLV, SPY, UUP
Maybe…. Depending on who you are talking to. Today’s rally took me a little bit by surprise, thanks to Japan. The market totally shrugged off Moody’s potential downgrade of Irish Banks and Ireland.
The recently released report of the causes of the “Flash Crash” showed that derivatives actually was one of the major causes of the crash. Well guess what? Right before the collapse of Lehman, and the ensuing crash and crisis; banks were holding all time record levels of derivatives. Currently once again, banks are holding all time record high levels of derivatives!
So today’s rally can be totally attributed to Japan’s central bank. The Japanese Central Bank while slashing interest rates to basically 0%, also announced that they would be buying Japanese assets (Bonds, Reits, Mortgages, Equities), thereby fueling speculation that the Fed would do the same thru QE2 here in the United States.
However, I think it’s about time for a correction in the GLD, SLV, FXE, SPY, UUP.
Looking at the charts this has all of the appearance of an exhaustion gap. Not that I don’t think that we have a real shot a $1500 Spot Gold by the end of this year.
So even though I was stopped out of my GLD puts this morning I am seriously thinking about jumping back in and buying more GLD and SLV puts. I will let you know on stock talks (Seeking Alpha), when I do.
That being said, I don’t think the correction for GLD and SLV will be more than 5-7% before resuming their march to $1500 (Gold) and $25 (Silver). Another note: I expect Silver to perform even better than Gold. The gold/silver ratio is approximately 60/1, if we see a return to what used to be the norm of 30/1 gold/silver ratio; then Silver could potentially run as high as $35-$50/oz.
Finally, as they do another quantitative easing (QE2) here in the US (currently not official QE), this continues to put pressure on Europe and Japan to devalue their currencies and keep the printing presses running. Long term this is going to create a very hyper inflationary climate long term. So being the Gold and Precious Metals Perma Bull that I am, I think that you should be buying and stockpiling (bullion, rounds, coins; as much as you can get; to lock in the value of your money now. Events are truly starting to line up and set the stage for a potential worldwide collapse and depression.
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Traders who stayed on the correct side of the trend were rewarded substantially.
Serious questions effecting your portfolio still remain:
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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. – jschulmansr
04 Monday Oct 2010
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Stocks Scuffle Ahead Of Earnings Season http://ping.fm/jSk6W
04 Monday Oct 2010
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LBMA 2010: Part II http://ping.fm/gUfEs
04 Monday Oct 2010
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Asia ends mostly higher; Tokyo cedes gains http://ping.fm/UfqPw