Jeff Pierce

What Does a Bear Market Rally Look Like?

Pauljlamont,

I did quote you on my blog, when Seeking Alpha chose this article they removed the quotes for whatever reason. I'm sorry for the confusing, but I just want you to know that I did give you credit on my site, with a link to the original article.

Zt

Toronto Stock Exchange Displaying Strength

In the two days that the Dow lost 10%, the TSX lost about 5.5%. I would say relative speaking the TSX is holding it's own against the US markets. Know I'm not about to investing on anything in the long side at the moment, but during the past 2 days I would have rather had my money in the Canadian markets.

Obscure Indicator Points to Possible Market Bounce

standfast,
If you read my blog then you'll know that I haven't called any bottom during all this. I went long on the Friday before the huge 1000 point rally the following Monday, cashed out and sat on the sidelines until last week. Nibbled some on Wed and Fri and will see what this week brings.

Suggesting that it may be time to put some money to work is far from calling a "bottom" like the yahoos on CNBC do. I think Buffet would take offense from you calling him a bozo.

Making money in the market is about doing what the masses aren't to some extent, and everybody is so bearish right now that it may be time to consider the long side for a trade. Key word here is for a trade.

Dealing With the Crazy Swings

They're great trading vehicles for intra-day trading styles, but I carried over a few positions and didn't want the added exposure that double etf's bring when holding stocks overnight.

Dealing With the Crazy Swings

I think the unrelentless selling is more from people getting margin calls who have to sell at any price. This type of market action just feeds upon itself. Friday's action really could have gone a lot worse, and it really feels like there's underlying buying going on as the market tries to find a bottom, even if it's only for the short term.

Gold: Still Further to Drop

Huge Jim Rogers fan here, and when the charts of gold turnaround I'll be right there, but I just don't want to be too early. The folks over at financialsense.com have been preaching gold forever now, and look at where it would have got anybody buying and holding onto gold right now. Remember, I'm a big fan of Jim Puplava, and he's often right, but he's also almost always early.

Gold: Still Further to Drop

It's more of an observation as I'm not trying to predict that gold is going down more than it's likely to see new lows and it did drop 4% today(Thursday). Combine that with the extreme weakness in ETF's GLD and SLV, and the gold producers I see now reason to become bullish about gold at this moment.

I was very bullish on gold in September when I thought it would act as it's traditional safe haven, however when it fell day after day I began to think something was very wrong with this picture and have looked for further losses in this sector for the near term.