Tomcat101

Gold Price Continues Its Descent

I think gold will be at $875 by mid March. Obama jacks up taxes which provides support for the dollar. The stock market falls and gold falls right along with it just like it did in 2008.


On Dec 22 12:02 PM KFC007 wrote:

> I WILL BUY GOLD AT $875, NOT BEFORE THAT. IT WOULD PROBABLY GO EVEN
> LOWER THAN THAT.

What's in Store for the U.S. Economy in 2010?

OK, Bush was not the smartest president we've ever had. I'll give you that one.

But I blame lots of people for getting us in this mess- Bush, Barney Frank, Bill Clinton, greedy mortgage investors, etc. Anyone who played a part in giving people with sh*tty credit home loans. They are all to blame for that ridiculous fiasco.

Now, Obama promised us during the election that he could fix this mess so it's his baby now and I expect him to fix it and do it without raising my taxes ONE PENNY because I make less than $250,000/yr.

But that's not gonna happen because he lied to all his gullible followers didn't he?

Instead of fixing things, he is going to stomp the hell out of the delicate green shoots with all his taxes and liberal agenda.

CHANGE WE CAN BELIEVE IN.


On Dec 22 09:33 AM Mike from NYC wrote:

> The USA couldn't afford Bush!!!!! The first president ever who lowered
> taxes while starting 2 wars.
>
> What did Bush tell Americans shortly after 9/11 when planes still
> weren't allowed to fly? GO SHOPPING!!!!!!!!!!
>
> While some of Obama's policies have been questionable the idea that
> he caused the mess we will see in 2010 is a joke. What we have been
> witnessing for past 1.5 years are as a result of failed policies
> going back to the mid 70s and continued unabated since then.
>
> The first major shoe to fall was the failure of 'Big Steel' in the
> late 70s and our downward spiral has continued since that time and
> now we have a joke of an economy or what purports to be an economy.
> Economic growth in the USA has been as a result of ever increasing
> debt - both public and private - since the 80s, inflation and basically
> nothing else. USA exports have declined and our trade deficits exploded.
> The only thing American companies seem to export anymore is jobs
> for the most part.
>
> It's a very painful admission to make but unfortunately it is the
> truth.

Gold Falls on Further U.S. Dollar Strength

HOW'S THAT GOLD WORKING FOR YOU NOW, SPARKY???


On Dec 20 08:03 PM ManAboutDallas wrote:

> This isn't a ride on the Titanic, and if you really, truly believe
> it is, then may your Deity Of Choice help you, because you're beyond
> any hope of helping yourself.
>
> The best the desperate paper gold shorts could do Thursday was push
> it briefly under $1100. All that did was flush out the weak hands
> who make the mistake of buying the first bounce between $1135 and
> $1165.
>
> And anyone who prefers a paltry few percentage points of "dividends"
> instead of the monstrous capital gains to be had even conservatively
> trading gold by buying weakness and selling strength is beyond help,
> too.
>
> Wanna take a third swing, there, Sparky?

What's in Store for the U.S. Economy in 2010?

I'm concerned things get a lot worse in 2010.

Higher taxes across the board, fed., state, local, for rich and for poor.

Higher gas prices if the dollar keeps falling.

Much higher utility bills if crap and trade passes.

Higher health care costs for anyone who earns money in some way. If you refuse to work or you're an illegal alien, you get free health care.

People are barely getting by now. They cannot afford Barak Obama.

Change you can believe in is a double dip recession with 15% unemployment and constant kicks to the ass for anyone who contributes to the economy in any way so that we can give free stuff to people who don't want to work.

S&P 500 drops to 666 again, then 550. Maybe worse. Hard to say. We've never had this level of insanity before.

Gold Falls on Further U.S. Dollar Strength

Good luck with that.

Just take a look at some charts. The S&P 500 and gold rise and fall together. Just because you refuse to look at them won't make them go away.

Obama is, at a minimum, going to give us all a nice, fat pullback, both for stocks and gold. Maybe a crash again if his liberal agenda passes.

Wait for the Winter Clearance Sale.


On Dec 20 08:03 PM ManAboutDallas wrote:

> This isn't a ride on the Titanic, and if you really, truly believe
> it is, then may your Deity Of Choice help you, because you're beyond
> any hope of helping yourself.
>
> The best the desperate paper gold shorts could do Thursday was push
> it briefly under $1100. All that did was flush out the weak hands
> who make the mistake of buying the first bounce between $1135 and
> $1165.
>
> And anyone who prefers a paltry few percentage points of "dividends"
> instead of the monstrous capital gains to be had even conservatively
> trading gold by buying weakness and selling strength is beyond help,
> too.
>
> Wanna take a third swing, there, Sparky?

Take These Unemployment Numbers with a Grain of Salt

Things are definitely getting better. I'm a HR Mgr. in North Carolina. We are hiring again after about a year of hiring only critical positions.

It's real.

With that said, I don't expect it to last once Obama hits us all with tax increases. Plus state and local tax increases. The health care fiasco. Crap and trade.

Once all that starts kicking in you can kiss the recovery goodbye and say hello to double dip recession.

Cramer's Stop Trading! Buy the Heck Out of Citigroup (12/17/09)

Cramer is as full of shit as a Mississippi outhouse.

He is bull or bear daily depending on which way the wind is blowing.

Recent, And Longer Term, S&P 500 Activity

The market cannot go up forever. Nothing wrong with taking some profits until we see what the hell Obama is going to do next. I think stocks will be cheaper in mid March than they are now.

Start buying again in mid March if Obama hasn't destroyed the country by then.

Rising Skepticism in Gold

Obama bitch slaps the recovery in January with taxes galore. Doesn't matter if you make over $250,000 or only $25,000. Then we give all that money to people who refuse to work.

Throw in the health care fiasco and crap and trade and the market heads south quick. When the market dives it takes gold along for the ride.

I'm selling all my winners sometime between now and early Jan. Then I'll just sit on my cash and see what happens next. If I'm wrong and the Obama doesn't destroy America, I'll tiptoe back in gradually.


On Dec 20 09:29 PM jim corbin wrote:

> january gold will rise and shine.

Gold Falls on Further U.S. Dollar Strength

Gold usually moves about the same as the stock market. Take a look at what it did in 2008. Take a look at some past charts.

Since Gold doesn't pay a dividend, I'd rather just have some good quality stocks.

Technical Analysis: Markets Heading Lower?

That line he drew is the same line that every other bear market eventually passed above... The infamous 50% retrace- oooooooh. Scary.

Holding all joking aside, I do follow the techinicals, but I don't live and die by them.

I think we head lower sometime in January with Obama's tax increases, state and local tax increases, and who knows what else he and Vice President Pelosi will come up with.

Throw in the health care fiasco passing and we won't even make it to January.

Throw in the cap and trade passing and we make a new low below 666, probably 550 or so. Maybe 150. Hard to say what a mess that would create for America.

That's change you can believe in.

Gold Falls on Further U.S. Dollar Strength

You can hop on a life boat while there is still room, or you can stay on the Titantic and try to convince the rest of us that it's not going to sink.

Gold's going down. Obama will be jacking up the taxes which will provide support for the dollar. Will the dollar stay strong forever- doubtful, but would you rather buy gold now for $1,100, or wait a while and get it on clearance for $800 or less. I'm waiting for Obama's winter clearance sale sometime in March.

Rising Skepticism in Gold

Gold is definitely looking bubblish to me. Just put a gold chart up against a 1999 Nasdaq chart and you'll see what I mean.

Sentiment Overview: Insiders Decisively Bearish

I'm sure Obama is still in office. I'm sure I'm bearish until we vote his azz out.

What if This Really Is a New Bull Market

If you believe Obama is working day and night to destroy the economy, I'm with you. But if you think the market goes down or sideways for 20 years just because it'll fit some pattern- that's nuts. You can't really predict what the market will do next week, much less for the next 20 years. If you could really do that, you'd be the richest man on the planet.

On Dec 17 02:08 AM Michael Clark wrote:

> The blind can't see -- but still they insist on being leaders. That's
> why we are lost at the moment.