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  • Precious metals soar as Fed stays dovish and Americans head into Iraq [View news story]
    I don't think the rally is a dead cat bounce nor did it have anything to do with Iraq. Rising gold is symptomatic of a creeping loss of confidence in a financial system that is entering into the end game of the gigantic ponzi scheme that it is. Using money created out of thin air, the banks are acquiring as many assets as possible before the next banker beats them to it. Allowing banks to get into the commodity and equity markets and then loading them up with trillions in reserve money was like giving the candy store keys to children with the expectation that they will behave responsibly.

    Gold's long term chart, on a monthly basis, is looking quite positive. As a contrarian, I am encouraged that a number of former die hard bullish authors and commentators, who rode gold down as it collapsed in 2013, are now calling for 'one more' wave down to $1000 level (Ellliot Wave deduction). That may be, but I would much rather be long, than short, at this point.
    Jun 19 08:59 PM | 7 Likes Like |Link to Comment
  • Is This The Real Life, Or Just Fed Fantasy? [View article]
    Thanks for the thoughtful article. At this stage of the game, there is no way to know when we will see the final top. Conceivably, it could be months away. A correction is overdue but that may not occur any time soon given the tremendous sway the FED and the banks have over the market and who do not want to see a market declining while maintaining the facade a durable recovery taking place. (Not!)
    Jun 19 11:21 AM | 3 Likes Like |Link to Comment
  • Gold Investors: Let This Cycle Be Your Guide [View article]

    Given that interest rates are not making new lows, it would seem that we now are entering into a phase 1 cycle after a very extended phase 4. It is quite possible that we will see a significant improvement in gold prices over the next several months.
    Jun 17 08:38 PM | 1 Like Like |Link to Comment
  • Natural Gas Surges 5% After Bullish Inventory Data, Eyes Key $4.80 Resistance Level [View article]
    robertjost: Yes, but that is nothing more than an educated guess. I will play the market as conditions warrant. Watch out for an extended heat wave as that could change everything.
    Jun 17 08:24 PM | Likes Like |Link to Comment
  • Does Low VIX Echo Complacency? [View article]
    Now, here is an author that knows what he is talking about. Excellent article!
    Jun 17 01:52 PM | Likes Like |Link to Comment
  • A Guide to International Equity ETFs [View article]
    It would be nice if the webpage was updated to reflect ETFs that have closed and to add new ones.
    Jun 15 11:45 AM | Likes Like |Link to Comment
  • Natural Gas Surges 5% After Bullish Inventory Data, Eyes Key $4.80 Resistance Level [View article]
    robert: September and October are normally strong months for NG. I see a low somewhere near the end of August but I doubt that will be much below $4.35. However, without a magic crystal ball, anything is just a guess.
    Jun 15 12:46 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: Has The VIX Issued An Important Sell Signal? [View article]
    Your VIX "clusters" observation is not without merit. It is worth including in one's arsenal of indicators. A couple more are the currently low Baltic Dry index and high NYSE margin debt. Then there is the elevated degree of optimism amongst AAII members which some believe is a good contrary indicator. Collectively, they would seem to be fore warning of an impending correction, (that may have already begun) but then, it looked that way when the S&P was at 1880.
    Jun 14 05:05 PM | Likes Like |Link to Comment
  • Natural Gas Surges 5% After Bullish Inventory Data, Eyes Key $4.80 Resistance Level [View article]
    I would love to see $4.35 for a reload! That said, higher prices are needed to encourage producers to maintain high injection levels (above 100 bcf) for the rest of the summer months. We could easily see $5 or better before the end of June with a some tapering off during July and August. An extended heat wave in the populous Northeast would be a problem and would be justification for a big spike in price.
    Jun 14 04:47 PM | Likes Like |Link to Comment
  • Be Careful Of Low Volume And High Euphoria [View article]
    Mobyss: "Retail suckers never short." In past bull markets, that statement would be correct. However, some things do change. Today's retail crowd has been quite active with 'shorting' but not by way of the traditional practice of short selling individual stocks. That method was far too intimidating for the average investor and accordingly, was not done in a big way. That has all changed with the creation of the inverse ETFs. Today, every Tom, Dick and Harriet with a computer and trading platform is making extensive use of the easy to trade inverse ETFs that exist for the indexes. The volumes of the inverse ETFs do not show up as part of the S&P daily volume tally and are essentially invisible to all but the most astute observers.
    Jun 14 04:26 PM | Likes Like |Link to Comment
  • Worry About The Second Quarter, Q1 Is History [View article]
    A history lesson: In 2007, after a dismal 1st quarter GDP of 0.50%, things roared back to life with a much improved 3.6% 2nd quarter, followed by a respectable 3% 3rd quarter. Dips in the market were espoused by analysts as wonderful opportunities to snap up bargains and market strength during the normally depressed months of Sept and October was 'proof' of a healthy bull market that was destined for higher numbers.

    I will view any improvement in the massaged govt GDP numbers as cause for suspicion and caution, and for good reason.
    Jun 14 03:42 PM | 2 Likes Like |Link to Comment
  • Natural Gas Surges 5% After Bullish Inventory Data, Eyes Key $4.80 Resistance Level [View article]
    "the important short-term resistance level at $4.80/mmbtu". My observation, after 37 years of looking at charts, is that 'resistance levels' all too often prove to be nothing of the sort with markets going through them without so much as a hiccup.

    The NG bears are, no doubt, shorting NG, because 'it just shouldn't be going up' for a hundred different reasons with the favorite being that there is a 'huge' supply glut. O well, someone has to be on the wrong side of every trade.
    Jun 12 06:56 PM | 5 Likes Like |Link to Comment
  • Is The Fed Engineering A Market Pullback? [View article]
    Good article. A controlled market decline would be so like the FED who love to micro manage the markets. Volatility could very well remain subdued.
    Jun 12 02:15 PM | Likes Like |Link to Comment
  • Is Gold Ready To Bounce? [View article]
    Thanks for your opinion Doug. I have been bullish on the miners so I am smiling at the latest strength. Today, I added heavily to my silver and gold bullion assets with silver being my favorite. I don't see another gold smack down below $1240 but one should be flexible, just in case. For now, I will remain long.
    Jun 12 02:06 PM | 1 Like Like |Link to Comment
  • Mining For Golden Investment Opportunities [View article]
    Excellent article! Contrary thinking is essential when the maximum number of market participants share the same conclusions.
    Jun 12 12:42 PM | 2 Likes Like |Link to Comment