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  • Stocks Or Gold? The Choice Has Been Relatively Easy [View article]
    We may see some more selling over the next few days but I don't believe gold will be making new lows this year. I remain confident that gold will be much higher by the end of the year, not lower.

    After today's sharp drop in the early hours, any further selling was met with enough demand to prevent a continuing decline in price. The 1.7 billion dollars worth of contracts sold on the NYMEX really didn't do that much damage. Yes, there may be another attempt to smash gold down over the next few days but want to be in the group that in there buying. If we are really lucky, gold may come on sale in the $1275 area.
    Jul 15 12:26 AM | 2 Likes Like |Link to Comment
  • NatGas Poised To Fall Below $4 Amid Extremely Mild Summer [View article]
    Looks like a summer spike for NG is off the table. Summertime is usually a lousy time to be long NG and it seems this year is no different. Sometime near the end of August should be a good time to buy although it's pointless to try and speculate where the price will bottom out. The gold and sliver markets looks much more interesting at this time.
    Jul 12 07:20 PM | 2 Likes Like |Link to Comment
  • 'Sell In May' Fans Should Brace For 'Buy In July' [View article]
    So, July could be up or down.
    Jul 5 12:39 PM | 3 Likes Like |Link to Comment
  • 9 Reasons For Gold This Year [View article]
    If the US has Germany's gold, why didn't they ship it all when it was requested? The US authorities have been too stunned to offer a reasonable explanation. The silence is deafening.
    Imagine what would happen to gold prices if Joe Six Pack and his brethren got worried about the value of their dollars that would seem to be backed by nothing more than a promise? The run on physical gold would be the FED's worst nightmare.
    This is playing out like a a badly written TV reality show.
    Jul 5 03:34 AM | 10 Likes Like |Link to Comment
  • The Next Phase Of Easing Will Be 'Qualitative' - Purchasing Common Stock [View article]
    Hoyt has hit the nail on the head. The banks are acquiring large stakes of the world's corporations with money created from a few strokes on a keyboard by the FED. These actions have started an inevitable and accelerating loss of confidence in US dollar and by association, all fiat currencies.

    Prior to Bernake's name becoming a household word, the average citizen had only a vague idea as to how money was created, thinking that it was somehow a product of increasing productivity. Today, even the financially illiterate are aware that is no longer the case and maybe never was. The FED has become synonymous with the practice of creating money out of nothing, and in the mind of the ordinary citizen, not unlike the actions of a counterfeiter. The seeds of distrust have been sown and are now taking root. Mr Bernake's legacy will to be remembered as the man who almost single handedly destroyed the world's trust in the value of paper currencies.

    No doubt, in the near future, we will be hearing of how the banks are exerting their rights as major shareholders in order to actually control the world's largest corporations. It will be spun so that the public will believe that having the banks controlling our 'greedy' corporations is somehow good for society. It is only a matter of time before we see a backlash against this form of legalized corruption of our capitalist system but any such awakening to the truth may be too late.
    Jul 4 11:09 PM | 3 Likes Like |Link to Comment
  • The Markets May Not Be As Complacent As You Think [View article]
    Back in March of 2009, VXX was over $7000 and is now on sale for only $27. That's a big attraction to a clueless retail investor and may explain why the daily volume of VXX is over 25 million. Now wonder stock volumes keep shrinking with the retail investor blowing his cash on these kinds of wealth destroying derivatives.
    Jul 4 02:47 AM | 2 Likes Like |Link to Comment
  • On The Fourth Of July: Bullish On America [View article]
    Mr. Parnell, while your article is a nice 'we should be the greatest' pep talk for your fellow Americans, it is not slam dunk that America will regain it's former glory days anytime soon. The country is a mess with a significant part of the population that is practically illiterate and therefore easy to con into believing all is well so long as the food stamps keep coming. "Honey, you got my vote!"

    Inflation must be low because the government says it is. The masses are treated to doctored CPI and GDP reports that the media dutifully pass on without question. The rich have been mollified also, not with food stamps but rather with trillions of FED created dollars that has found it's way into their stock portfolios. Look! The stock market is soaring! Yes siree, everything is just peachy even though something is starting to smell real bad.

    Does the FED or the powers within the Government really believe that the American economy can operate without massive intervention? The answer to that question should be obvious. They will do what ever is necessary in order to perpetuate the illusion of prosperity in the land of opportunity and home of the free (?), because to do otherwise could result in an ugly economic melt down that no one wants to happen on their watch.
    Jul 4 02:25 AM | 10 Likes Like |Link to Comment
  • The Markets May Not Be As Complacent As You Think [View article]
    I cannot understand why anyone would risk writing a put at this time. Those who are writing must have nerves of steel.
    Jul 3 04:32 PM | Likes Like |Link to Comment
  • Some Problems We Can See, Some Problems We Cannot [View article]
    Martingale: Are you one of those clairvoyants? Just checking.
    Jul 3 04:27 PM | Likes Like |Link to Comment
  • Gold Mining Stocks About To Surge Due To The Coming Weakness Of The Dollar [View article]
    A falling dollar (DXY), relative to other currencies, may or may not increase the value of the PMs. Supply, demand, and sentiment are factors that would far out weigh any adjustments to prices due to currency fluctuations. It's quite possible that the dollar could rise and gold could go up at the same time and vice versa. Keep in mind that a 5% currency fluctuation can take several months to play out whereas gold can move that much in a few days.

    It is unwise to bet on any commodity with the hope that a currency fluctuation, which tend to be painfully slow, will produce a quick profit. If one wishes a pure play on currencies , the Forex is the place to be, not commodities.
    Jul 2 04:29 PM | 2 Likes Like |Link to Comment
  • China May Be Importing A Lot More Gold Than Is Being Reported [View article]
    Dave, Can you provide the link for your chart? I suspect your chart is for the past five years only.
    Jul 1 12:09 PM | Likes Like |Link to Comment
  • China May Be Importing A Lot More Gold Than Is Being Reported [View article]
    12432: Paper dollars and oil aren't very nutritious either.
    Jul 1 12:16 AM | 2 Likes Like |Link to Comment
  • China May Be Importing A Lot More Gold Than Is Being Reported [View article]
    Dave, I went to and noted that the chart shown for gold futures shows something quite different that the chart presented by you. Their chart shows July and August to be strong on a seasonal basis. ( Can you explain the discrepancy? Here is a chart going back 32 years that show a sideways July and strong August. ( If seasonality is to be considered, it would seem that July is good time to buy!
    Jun 30 10:54 PM | Likes Like |Link to Comment
  • China May Be Importing A Lot More Gold Than Is Being Reported [View article]
    Ok, so import numbers are almost certainly higher than what has been reported, at least for 2013. How does any amount of imported gold ,that has already been bought and paid for, affect the price going forward? As for import projections for 2014, any number is just a guess.

    Jun 30 10:41 PM | Likes Like |Link to Comment
  • A Second Quarter GDP Bounce-Back May Not Be Bullish [View article]
    The fact that the market has not wavered in it's upward trajectory, despite a horrible quarter, is telling of just how controlled the market has become.
    Jun 29 12:01 AM | 2 Likes Like |Link to Comment