Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Saturday, January 29, 2011

One Year NEM Lead Indicator is Extremely Bearish for Precious Metals & Rare Earth Sectors


The One Year NEM Lead Indicator is Extremely Bearish for the Precious Metals and Rare Earth Resource Sectors, see http://finance.yahoo.com/q/ta?s=GDXJ&t=1y&l=off&z=l&q=c&p=v&a=fs,fs,fs,w14&c=nem,remx,slv.

For the foreseeable future I'll probably be looking to trade (day trading and maybe also short term trading) Silver UltraShort using the ZSL ETF (UltraShort Basic Materials ETF SMN is another possibility). Once the rare earth stocks like MCP, REE, AVL, SHZ, CHGS, etc put in an Intermediate Term Cycle Low my main focus will probably be to day trade and short term trade them.

Saturday, January 15, 2011

Woodrow Wilson Re Signing Federal Reserve Act


"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." -- Woodrow Wilson 1919, commenting on his signing of the Federal Reserve Act

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." -- Andrew Jackson, as he prepared to shut down the Second Bank of the United States.

Thursday, October 14, 2010

#Gold's Probably Close to a Major Cycle High


#Gold's Probably Close to a Major Cycle High, for the Major Upcycle/Cyclical Bull Market since October 2008's $681 Major Cycle Low, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=$gold, and, note the Elliott Wave 12345 up down up down up pattern since October 2008's $681 Major Cycle Low.

Fundamentally, a gold Major Cycle High makes sense, because, the inflating game (and the effectiveness of further actions) by the powers that be is pretty much over. Any additional stimulus, debt buying/Quantitative Easing, etc won't inflate much if at all, because, it has to exceed the previous stimulus and debt buying in order to create growth.

For example, $100 billion of stimulus in year one must be followed by $200 billion in year two, $300 billion in year three, etc in order to provide an annual $100 billion delta/change worth of growth in stimulus.

Friday, June 25, 2010

UXG (US Gold) Appears to be a Great Gold Stock


UXG (US Gold) Appears to be a Great Gold Stock, see all three charts at http://stockcharts.com/charts/gallery.html?s=uxg. It's had a huge run obviously though. Near term it's probably a long trade (bought carefully, using cycles, Elliott Wave patterns and gaps, evaluate using candlestick charts). Investors should probably wait for a substantial and possibly even major multi-month correction. NEVER buy based upon excitement/emotion. The best time to buy is almost always when blood is running in the streets.

Sunday, June 13, 2010

Take Note Gold Bugs - The Six Month NEM Lead Indicator is Very Bullish


Take Note Gold Bugs - The Six Month NEM Lead Indicator is Very Bullish, see http://finance.yahoo.com/q/ta?s=^XAU&t=6m&l=on&z=l&q=c&p=v&a=fs,fs,w14&c=nem. The NEM Lead Indicator has worked well for the past six months, and, in my extensive experience, it has worked well for years.

Wednesday, May 26, 2010

Is gold the next bubble?- WSJ



I add: Now is NOT the time to buy gold AS A LONG TERM INVESTOR. Gold has done a great job of hedgng against inflationary pressures for a very long time, but, it should fall dramatically due to worldwide massive deflationary pressures, and, simply because it's rapidly approaching the start of a Major Downcycle. Gold appears to be in a final Wave 5 Intermediate Term Upcycle, of the Major Upcycle/Cyclical Bull Market since the $681 Major Cycle Low in October 2008, see Weekly View chart two at http://stockcharts.com/charts/gallery.html?s=$gold.