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mikezboray

mikezboray
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  • Bernanke Sets Gold Free For Now [View article]
    I got lucky on this one.
    It looked like a time to do some value buying, so I took a dip and bought some GLD.
    Then the regime's chief currency debaser, Bernanke, spoke and I made some quick money.
    Bernake just reaffirmed that old adage, "Better to Remain Silent and Be Thought a Fool than to Speak and Remove All Doubt".
    Feb 27 09:37 AM | 5 Likes Like |Link to Comment
  • Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%[View news story]
    It is tempting and you certainly could be right.
    However, the accumulation/distribution index is against you.
    Again, perplexing since all the press has been talking about how national banks have been all buying.
    But then, when national banks are buying it could be a bearish signal since they are not known for their market timing insights.
    Feb 15 02:51 PM | 2 Likes Like |Link to Comment
  • Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%[View news story]
    Well, its hard to believe that the Market is up and Gold is down when the printing presses are going full speed and new taxes are hitting the economy. It just goes to show that the markets and the economy (or in this case the value of Gold vs the debasement of the currency) correlate in the longer term. In the short term, other factors can dominate.
    Feb 15 02:45 PM | 6 Likes Like |Link to Comment
  • Laszlo Birinyi's Ticker Sense Blogger Sentiment Poll shows a bearish read of just 14.8%, about the lowest level in a year. The index is created by polling some prominent web bloggers and asking their outlook on the S&P over the coming month. [View news story]
    Well, I'm bearish right now.
    Taxes are going up and will drain money out of the productive economy.
    The only result will be disappointment in revenues and earnings.
    This situation will ripple through the the supply chain and there is no hope that the EC will pick up any slack and forget about Asia.
    Asia want to sell, not buy.
    Net-net, more downside risk than upside opportunity in the face of high positive sentiment at the retail level will result in a bailout by many buying into the market now.
    Jan 14 12:33 PM | Likes Like |Link to Comment
  • It's tough to find any market pros to go on the record, says a fired-up Gary Kaminsky, but what they're telling clients is the election was bad news for stocks. The bull market from the 2009 lows was about stocks priced for Armageddon meeting massive central bank stimulus, he says, but that dynamic is played out, leaving the markets to deal with the reality of a weak economy and questionable leadership in D.C. [View news story]
    Completely disagree here.
    Obamacare and the end to the Bush tax cuts will put a drag on the economy. Increasing taxes will pull money out of the free market. Growth with spending restraint was the only way to go.
    Nov 15 02:50 PM | 1 Like Like |Link to Comment
  • Safe-haven buying is helping push gold to a new high, with futures +1.25% to $1,420.70. Some analysts think the metal could hit $1,500/oz. by the end of the year.  [View news story]
    With the excessive debt being carried in the USA and the EU, the temptation to print money will be too hard to resist and Gold will go higher. But.. 1500 before the end of the year? Not without a significant disaster to generate heightened fear.
    Dec 3 02:40 PM | Likes Like |Link to Comment
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