http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show[s178437834]&disp=O
the yellow inert metal longer term
http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=3&mn=0&dy=0&i=t25927073588&r=9532
the charts are screaming gold up, markets down.....
and its almost october....maybe a 1987 type move (more of a WTF are we crashing for vs. reasons like we had last september)....not likely but eh who knows...LOL
http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=3&mn=0&dy=0&i=t25927073588&r=9532
the charts are screaming gold up, markets down.....
and its almost october....maybe a 1987 type move (more of a WTF are we crashing for vs. reasons like we had last september)....not likely but eh who knows...LOL
Mon. Oct. 19 (after op ex) falls this year as well ....Black Monday was Oct. 19, 1987 (also after op ex). Coincidence???
I don't know about a crash Tiz, but I sure smell something a brewing:smoker2:
S&P P/E in the 100's
http://www2.standardandpoors.com/po...ces_500/2,3,2,2,0,0,0,0,0,1,11,0,0,0,0,0.html
Sure looks like she wants to go down to 995-1000 SPX which looks to be the neckline of the H&S pattern. The left shoulder went up to around 1030 SPX so we may get a good bounce off of 995-1000. It's hard not to trim some off on SRS, DRV, QID today. I actually added to my SWHC position down here @ $5.
should be alot of near term resistance till the 1000 area...got the 50 DMAs to contend with too....so like i'm leaning no major blood but we get a pullback....we probably hit a top with the post fed spike last week....go sidesways/slightly down for the remainder of the year suck as many people back in before the real blood spills come 2010...
if 1000 breaks....950 should be next stop....after 950.....880....after 880....start thinking about the march lows again
880 or lower probably coming in next 6-12 months
normally i'd be quite a bit more shorter here normally but i just can't let go of my bullishness on the yellow metal...and the probable down dollar to go along with that.......held up pretty good today.....still above 1k.....if 990 on gold doesn't hold (puts in a lower low) i'll probably reevaluate though
if 1000 breaks....950 should be next stop....after 950.....880....after 880....start thinking about the march lows again
880 or lower probably coming in next 6-12 months
normally i'd be quite a bit more shorter here normally but i just can't let go of my bullishness on the yellow metal...and the probable down dollar to go along with that.......held up pretty good today.....still above 1k.....if 990 on gold doesn't hold (puts in a lower low) i'll probably reevaluate though
the yellow metal took another dip to 990 area and fought back to 1k again
markets hanging in there pretty good after getting hit early on the crappy job data.....
think we'll hang in there on equities above 1k for at least a few weeks probably a month+ going forward....as gold finally finds its wings and breaks out to new bull highs....
markets hanging in there pretty good after getting hit early on the crappy job data.....
think we'll hang in there on equities above 1k for at least a few weeks probably a month+ going forward....as gold finally finds its wings and breaks out to new bull highs....
Yeah, GS and the gang knew this mornings UE # YESTERDAY so that was factored in the plunge yesterday. I picked up 1k shares of MDW @.69 when gold was climbing back. ABX (Barrick) owns a shitload of it. I like the low float stocks (either up big or down big...perfect for the action junkie in me...LOL). That damn dollar looks strong out in 2010 according to open interest call volume on UUP as I have mentioned before. The short ETF's have very heavy out of the money call volume out in 2010 and 2011 as well even when the rally was blowing full steam ahead. I hear major thunder off in the distance.
yeah just think it makes sense here to grind this out up here for a few months and suck as many buy the dippers back in before the rug gets pulled out again....
whip around the shorts a bit and such as well....
plus ol' gold again is a major factor....doubt it can ramp with major market carnage....but think it can break out here to 1300 or something like that while the markets grind it out with a rounding top.....than gold and everything can deflate...with 1000 now being support on gold going forward long term....
we'll see if gold can bust out next week....like seeing the comeback from 990 again today
whip around the shorts a bit and such as well....
plus ol' gold again is a major factor....doubt it can ramp with major market carnage....but think it can break out here to 1300 or something like that while the markets grind it out with a rounding top.....than gold and everything can deflate...with 1000 now being support on gold going forward long term....
we'll see if gold can bust out next week....like seeing the comeback from 990 again today
Also, forgot to add that the old "maestro" Greenspan came out and said 2010 would basically suck! I know a lot of people have to be thinking "Thanks old geezer! This shit is YOUR fault in the first place!"
Since the markets do normally speak to us 6-9 months beforehand, we are starting to see down the road a bit.
Since the markets do normally speak to us 6-9 months beforehand, we are starting to see down the road a bit.
also below 990 there is more support you got the 50 DMA...the uptrend line since april, and 975 was the top of some rallies in the past....if that doesn't hold...than its not to be here for gold and big breakout to new bull highs will have to wait for another time....
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y mr. magoo most to blame for this mess
he left interest rates too low for too long in 2002 "fighting deflation" no worries of deflation when the financial system isn't under stress and lending okay...and its not like UE was high at the bottom...it just came down from the very low levels we had during the tech boom years......and than people went nuts taking out no money down 0% for whatever years loans on gas guzzling cars, flat screen tvs, computers....and started going nuts in the home flipping games as well....banksters handing out credit cards to anybody with a pulse.....banksters leveraging out the ass doing their CDS shit and all that other stuff....laughing as they take home 6 figure bonuses while the going was good.....
so during this time we created an even bigger debt bubble...this one has been building slowly since the early 80s......but the 2002-2007 years was the blowoff top of sort....and now its grown too massive to be stopped without completely destroying our currency (which i doubt the fed would do.....why kill a fiat federal reserve note you got the power u want to keep it)
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y mr. magoo most to blame for this mess
he left interest rates too low for too long in 2002 "fighting deflation" no worries of deflation when the financial system isn't under stress and lending okay...and its not like UE was high at the bottom...it just came down from the very low levels we had during the tech boom years......and than people went nuts taking out no money down 0% for whatever years loans on gas guzzling cars, flat screen tvs, computers....and started going nuts in the home flipping games as well....banksters handing out credit cards to anybody with a pulse.....banksters leveraging out the ass doing their CDS shit and all that other stuff....laughing as they take home 6 figure bonuses while the going was good.....
so during this time we created an even bigger debt bubble...this one has been building slowly since the early 80s......but the 2002-2007 years was the blowoff top of sort....and now its grown too massive to be stopped without completely destroying our currency (which i doubt the fed would do.....why kill a fiat federal reserve note you got the power u want to keep it)
when talking a 20+ year time frame maybe
you can't get any better than fiat though...and every country in the world is on it.....
the only step better for TPTB is a singlular global fiat...but i don't really see a whole lot of upside in that.....global fiat and everybody holding hands kills the industrial miltary complex to some extent.......and there is alot of risk in attempting that especially right now......and will be a long process of brainwashing and getting acceptance from the masses
makes more sense for now at least next 10 years or so....and see how things go
to "stimulate" a bit...and allow the deflation to occur at a more moderate pace...throw the bottom feeders some scraps like UE pay and such.....and hope they don't rebel on ya....things are way to fragile now and will be for quite some time to move onto the one world currency/government thing......
you can't get any better than fiat though...and every country in the world is on it.....
the only step better for TPTB is a singlular global fiat...but i don't really see a whole lot of upside in that.....global fiat and everybody holding hands kills the industrial miltary complex to some extent.......and there is alot of risk in attempting that especially right now......and will be a long process of brainwashing and getting acceptance from the masses
makes more sense for now at least next 10 years or so....and see how things go
to "stimulate" a bit...and allow the deflation to occur at a more moderate pace...throw the bottom feeders some scraps like UE pay and such.....and hope they don't rebel on ya....things are way to fragile now and will be for quite some time to move onto the one world currency/government thing......
when you factor in the war element the global government thing just doesn't make a whole lot of sense for the TPTB to do
the government power guys like a dubya, like a hilter, like a chavez, like a admindijad...etc....like to use external enemies to distract from horrible domestic policies
a one world currency with everybody in it together on the global scale just doesn't make much sense to me from the standpoint of the TPTB
WWII was the way they dragged us out of the last deflating depression
they should held off on iraq and bomb crazy muslim stuff until the really bad shit hit....they used that card way to early at the bottom in 2002-2003.......now the masses have become tired of bullshit wars
the government power guys like a dubya, like a hilter, like a chavez, like a admindijad...etc....like to use external enemies to distract from horrible domestic policies
a one world currency with everybody in it together on the global scale just doesn't make much sense to me from the standpoint of the TPTB
WWII was the way they dragged us out of the last deflating depression
they should held off on iraq and bomb crazy muslim stuff until the really bad shit hit....they used that card way to early at the bottom in 2002-2003.......now the masses have become tired of bullshit wars
