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eagle1003

eagle1003
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  • Why We Are Not OK And Not On A Sustainable Trajectory [View article]
    Joseph, this the best article you have written here on SA. I completely agree that the market is no longer powered by fundamentals and that explains why traditional analysis no longer works. Knowing that, we are pretty much at the mercy of the FED, their big bank partners and the criminal organizations that operate the ALGOs and HFT. They have chosen to drive the market up without significant pause and those who ridden the wave have made a mitt full of cash. As you know, I have been bullish since late 2012, but cannot remain so. There are too many troubling signs that a big correction is on it's way or, if the market continues upward trajectory unchecked, a crash of epic proportions.

    No one knows when the party will end but a lot of revelers are drunk and close to the puking stage. I am now short overbought sectors of the market and long certain commodity based stocks which have been truly beaten into the ground, such as the coal and gold miners.
    Jan 10, 2014. 01:52 PM | 9 Likes Like |Link to Comment
  • Why I've Turned Bullish On Gold [View article]
    Lots of back slapping here but I see a seriously flawed analysis. The author's premise that rising interest rates should bring on rising gold prices is a blatant contradiction. Higher interest rates are a gold bug's biggest enemy since it kills investment demand for a non dividend paying asset. And, no, this time is not a "a different set of fundamentals". The only fundamentals that matter are those that affect demand for physical gold.

    There is also no evidence that gold will go up because of a moderate amount of increased inflation. That is a popular myth that is constantly being regurgitated by various author's trying to support a bullish argument for gold and it just isn't so. Now, hyper-inflation and a collapsing currency is a whole different ball game and would be very supportive of gold. Is that coming in the near future?

    If one is looking for a 'reason' for gold to go up, watch India and it's politics and also pay attention to the increasing activity of gold trading taking place on the new Asian exchanges. That's where the Chinese action is happening. Don't waste your time looking at COMEX storage levels.
    Jan 10, 2014. 12:15 PM | 2 Likes Like |Link to Comment
  • Are These Gold Price Forecasts For Real? Will They Stick? [View article]
    This is an excellent article that has stated the facts as to why gold has fallen and what could affect gold in the future. Not once did he mention some 'Made in America' crap reasoning that the goldbugs lap up. (QE tapering, American coin sales, American debt, blah blah) The author is 100% correct about the "800 pound gorilla is India". Dead on!
    Jan 10, 2014. 11:50 AM | 1 Like Like |Link to Comment
  • Buy This NatGas Price Dip Before Next Week's Potential Record Withdrawal [View article]
    Gigem: Do you know what kind of temperatures the Northeast will be experiencing in Feb, March and April? If you do, let us know. Storage levels are NOT ample and another huge draw down is coming next week. Below average temperatures in the following months and below average storage levels could easily bring on $6 or better.
    Jan 10, 2014. 11:41 AM | 1 Like Like |Link to Comment
  • Buy This NatGas Price Dip Before Next Week's Potential Record Withdrawal [View article]
    If one wants to make money in NG, you have to trade short term. The weather and storage levels are critical. Anyone who wishes to play long term can buy futures a couple of years out but that is no guarantee of success. A unusually warm winter a year or two out would kill NG prices in a big hurry.

    I loaded up today on UGAZ when NG was at the $4 dollar level and expect a reversal that should take us to at least $4.60. If the weather turns unseasonable cold again this winter, we could be looking at a shortage by late March and $6 or higher will be on the table.
    Jan 10, 2014. 12:15 AM | 5 Likes Like |Link to Comment
  • Gold: Don't Be Mistaken For A Bottom Yet [View article]
    Fishfryer: When you say that 120000 ounces.were "conjured out of thin air" and gold was "dumped" on the market, are you saying that the buyers of the dumped gold are buying nothing? How does that reconcile if the buyer wants to take physical delivery of that fake gold and if the practice is so rampant, why hasn't the whole scheme collapsed ?
    Jan 7, 2014. 10:27 PM | 1 Like Like |Link to Comment
  • I Remain Bullish On King Coal For 2014 [View article]
    It has been a little more than 6 months since most coal stocks made their last low back in June. Unfortunately, that doesn't mean they have started into a new bull market and they are definitely not screaming upwards so I am afraid we may not be finished with the downside. I am long ACI but will not add to the position just yet.
    Jan 7, 2014. 10:18 PM | 1 Like Like |Link to Comment
  • New Records In Bullish Stock Market Sentiment [View article]
    The author does a good job of highlighting bullish sentiment which is well on it's way to becoming extremely lop-sided. A significant pull back is the most likely outcome although I would be hesitant to suggest that we are close to rolling over into an actual bear market. That being said, if the market continues it's relentless climb unchecked, we will be topping out and a bear market will ensue.
    Jan 7, 2014. 10:03 PM | Likes Like |Link to Comment
  • Gold's Flash Crash: Fat Finger Or Panicked Shorts? [View article]
    Hebba: Of course the gold market was "manipulated" down by one or more holders of GLD shares! It does not matter one whit who the sellers were! What manipulation does not mean that gold is going to suddenly snap back as you clearly want to believe. You have been consistently dead wrong with your assessments and yet there are those who want to congratulate you for your 'insight'. But then, it should not be surprising given that the average investor loses money in the markets.
    Jan 7, 2014. 12:34 PM | 1 Like Like |Link to Comment
  • Gold's Flash Crash: Fat Finger Or Panicked Shorts? [View article]
    Why do you assume they were naked shorts? That was the same assumption that was made back in April that turned out to be wrong, How do you explain the massive outflows from GLD? Those were NOT naked sales!
    Jan 7, 2014. 12:24 PM | Likes Like |Link to Comment
  • Gold's Flash Crash: Fat Finger Or Panicked Shorts? [View article]
    Hebba: The person who made the decision to sell 4200 contracts is anything but panicked. The argument that a seller would want to sell in smaller quantities for the best price was used in April to explain the massive dumps of gold that made no logical sense to a small player. The implication of that feeble argument was that it must be manipulation and therefore it could be expected to be a short term phenomena as the market reasserted itself and gold would resume it's march upward. The argument didn't hold up then ( gold continue it's plunge) so why should it now?
    Jan 7, 2014. 11:00 AM | Likes Like |Link to Comment
  • Gold's Flash Crash: Fat Finger Or Panicked Shorts? [View article]
    tunaman: What about oil and natural gas? Daily moves can be very extreme for those two.
    Jan 7, 2014. 10:31 AM | Likes Like |Link to Comment
  • Gold's Flash Crash: Fat Finger Or Panicked Shorts? [View article]
    When gold was crashing back in April, what did a $30 fast drop mean then? The most obvious explanation to the so called '"flash crash" may be that someone was using gold's strength to dump some unwanted gold. Although the market did recover, it has lost it's momentum. It would not surprise me to see gold make another run at breaking the June lows. Now that I am long the miners, I would prefer gold to move up from here but catching a falling knife is never easy.
    Jan 7, 2014. 10:27 AM | Likes Like |Link to Comment
  • Cold January Setting Up Potential Natural Gas Storage Crisis [View article]
    The real party might not get into full swing until March-April when stocks are low and prices become very sensitive to unseasonable cold weather. Pure guess work at this point.
    Jan 7, 2014. 12:51 AM | Likes Like |Link to Comment
  • Cold January Setting Up Potential Natural Gas Storage Crisis [View article]
    I am praying we will see $4 to $4.10 so I can load up for the run to $5+. I put on a moderate long position at $4.26 just in case it doesn't pull back again.
    Jan 6, 2014. 10:04 PM | 1 Like Like |Link to Comment
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