Dave, Apparently Wall Street got (according to Bush, what an expert) and they are now hungover. So why is the FED still pouring on the Booze !?!?! Bush and the oil boys must just love this party so much they don't want it to end. I guess the Democrats get to turn out the lights. I bet that's not going to be pretty ?!?!?!
Thanks Dave, I thought I was losing it yesterday especially between 2 and 4pm, I was mostly watching AAPL do an impressive comeback, and I thought it would finish weak. Even worse, most of the out of the money puts (for protection) closed negative even though AAPL was down $4. Large volumes too, I guess nobody needs protection any more. The morning prices were'nt great either of course but that I expected from Wall Street.
With all that New Money why not just buy Canada, we have plenty of Gold,Silver,Platinum even diamonds for drilling oh ya oil too...and The Snow is Still Free...2 feet just last weekend... everbank.com has Canadian dollars too...and Kitco.com here in Montreal has Gold, Platinum and Palladium accounts...
Commodity Analysts Believe the Party's Over [View article]
Wow, How can you all right off a drop in commodities like gold, when demand could drop significantly in not just the USA, but now europe and even Asia. India is widely reported to be turning in gold as are Americans (Maybe to pay for those other things like food and mortages). Since GKM mentioned Gartman (Bigger Gold Bug than myself), maybe some of you are aware of his declaration that he lighten-up (50%) of his Gold positions. There are even a few market bears who covered their shorts. You know why ? There are no profits until they're taken. Many Gold sites I visit (kitco.com, #1 for me) are warning about a POSSIBLE pullback, ya it's possible. The banter reminds me of the Stock blogs where everyone is convinced when the $2 gold stock goes to $20 that it just has to go to $200, then it hit $.20 This is not investment advice: there has been alot of money made everyday after the gold and gold stocks open High and Fallback (I've done it even as an amateur, it's not rocket science when something goes up to far to fast). I admit nobody has seen the blow-off top occur either. I can't help but think Gold and Commodities are now being targeted by the same hedge funds in NYC and Baystreet who love to pump and dump any Bubble they can profit from (just look at the last half hour of friday's stock markets) and they do take profits eventually by selling and selling and selling some more (we may see this in Platinum first, if we're lucky enough to get a warning). That's my 2 cents from Canada, a resource loving country to boot, so be more careful and more open minded.
Friday Outlook: Commodities, Emerging Markets [View article]
Thursday Outlook: Commodities, Emerging Markets [View article]
Thursday Outlook: Commodities, Emerging Markets [View article]
So why is the FED still pouring on the Booze !?!?!
Bush and the oil boys must just love this party so much they don't want it to end.
I guess the Democrats get to turn out the lights. I bet that's not going to be pretty ?!?!?!
Wednesday Outlook: Commodities, Emerging Markets [View article]
Wednesday Outlook: Commodities, Emerging Markets [View article]
everbank.com has Canadian dollars too...and Kitco.com here in Montreal has Gold, Platinum and Palladium accounts...
Commodity Analysts Believe the Party's Over [View article]