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  • S&P 500 Approaching New Highs [View article]
    Nice chart, cfe. Very clear and easy to read. Thanks for posting. It is hard to find such clear and concise EW chart of the SPX. I am leaning more towards your choice (2), but then I had really expected (III) to start at your 5.3.

    Thanks and good luck to all.
    Feb 13, 2015. 09:36 AM | 1 Like Like |Link to Comment
  • Baltic Dry Index Crushed, Avoid Dry Shipping [View article]
    Are you thinking of RIG (Transocean) instead?
    Feb 5, 2015. 09:58 AM | Likes Like |Link to Comment
  • Just Another Bear Market Rally In Gold [View article]
    Re gold confiscation:

    There are not enough of us private investors that hold enough gold to bail out the government should they need it. Long story short ...... too much effort for what little they could get their hands on.

    Re GLD: No one knows what is left in the vaults to confiscate in the first place. Read the prospectus.

    Now here is another thought. If the government needs money bad enough to consider confiscation - consider one's IRA/401K accounts. There is a lot of untaxed money sitting there. So much more money sitting there than gold on someone's back yard (or where ever someone hides it to avoid the spectre of confiscation). They won't knock on your door and demand your account number. They may tax the heck out of it. And they could cite justification that this money hasn't been taxed yet. If you Google (or Bing or whatever) "401K confiscation", there are enough articles out there from enough websites to keep you busy for a while.

    Disclaimer: I don't necessarily hold this opinion, just that, look what the administration just tried to propose two weeks ago regarding taxing/penalizing the 529 pre-tax savings for college program. Or banks in Greece wanting to claim a part of depositor's money to survive last year.....

    I won't get political here as it is just not the forum. Just pointing the reader in a direction to where he/she can research further.

    Feb 3, 2015. 10:10 AM | Likes Like |Link to Comment
  • SNB Spikes Gold, Crushes Currency Traders - Will The ECB Do The Same? [View article]
    If one follows Avi Gilburt - none of this matters.
    Jan 22, 2015. 11:22 AM | 1 Like Like |Link to Comment
  • SNB Spikes Gold, Crushes Currency Traders - Will The ECB Do The Same? [View article]
    I imagine the link is blocked for members only. I just looked and his latest article available to non members was Jan 15th.
    Jan 22, 2015. 10:54 AM | Likes Like |Link to Comment
  • 2015 Predictions For Gold And Silver [View article]
    Rand Paul is about the only choice out there. If he runs. But I don't think he is crooked enough to make it.

    Good for gold, too (had to mention gold to stay on topic ;^)
    Jan 14, 2015. 09:58 AM | 2 Likes Like |Link to Comment
  • Rally In Gold Continues, But For How Long? [View article]

    Thanks for another great article.

    I have watched Avi in video a number of times - you write like Avi speaks. Are you good drinkin' buddies?

    Thanks again.
    Jan 7, 2015. 09:43 AM | 3 Likes Like |Link to Comment
  • GLD: What Will It Take To Resurrect The Gold Bull Market? [View article]
    The problem even with the 1X, USO, is the contango. That makes the 2x and 3x's even more risky. The only really good way to make any good money on USO is if the upward movement is going to be swift. Unfortunately I am doubtful it will happen that way, especially if the move will be corrective. USO would be an awesome buy, if it really tracked the price of WTI - without the monthly decay.

    I wonder if the oil services would be a better buy..... ideas?
    Jan 6, 2015. 09:45 AM | Likes Like |Link to Comment
  • Gold Outlook For 2015 - Buy And Hold Here [View article]
    Why do you believe that? And to what level do you expect it to drop?
    Dec 25, 2014. 03:31 PM | Likes Like |Link to Comment
  • Good Luck Gold Bulls (You May Well Need It) [View article]
    Merry Christmas, Happy Hanukkah, Merry Kwanzaa, and Happy Solstice (wow, I hope I didn't miss anyone here...... : ), and Happy New Year to everyone here. It has been a joy to learn from you and share with you this past year. May each and every one of you have a very prosperous 2015.

    Ben, it looks like you are our new home. Thanks so much for stepping up.

    Happy trading,

    Dec 24, 2014. 11:19 AM | Likes Like |Link to Comment
  • Good Luck Gold Bulls (You May Well Need It) [View article]
    Sony was just a practice run...................
    Dec 24, 2014. 11:15 AM | Likes Like |Link to Comment
  • Texas: Recession In 2015? [View article]
    Although all this is not good for the oil and gas industry in any state, I fear more for North Dakota than Texas. The Permian and Eagle Ford have been through this already. Bakken has not. I believe those up in the Bakken will have a harder time meeting debt responsibilities, and infrastructure will suffer too. Bakkien areas like Williston have grown too far too fast. If there are a lot of layoffs and business failures up there, it will trickle into the rest of the North Dakota eastern Montana economy (the restaurants, rental industry, motels, grocery/convenience stores, etc). That is where it will hurt most.

    Best of luck to all.
    Dec 24, 2014. 10:29 AM | 7 Likes Like |Link to Comment
  • First Oil, Now U.S. Natural Gas Plunges Off The Chart, 'Negative Igniter' For New Debt Crisis [View article]
    There is more debt in the ground in the Bakken than gas or oil. We are going to probably start seeing it trickle into the financial markets in around 3 months......

    Best of luck to all.
    Dec 24, 2014. 10:24 AM | Likes Like |Link to Comment
  • Market Outlook - Crude Oil's New Important Range [View article]
    How does a 9% drop in natural gas Monday morning affect your opinion on WTI? Do you feel there is any correlation?

    Dec 22, 2014. 09:43 AM | Likes Like |Link to Comment
  • Elliott Waves And Contradiction With Market Price Manipulation [View instapost]
    Very well done! Agree with you re:linear commenters. They think that just because a count is invalidated that EW does not work. Untrue. That is one of the powers of EW! The fact that it is dynamic and not static. Invalidated counts does not mean it is wrong, it means that the correct count is still out there.

    Thanks again for a well written article here. Based on the folks who commented, you are preaching to the choir, and it is too bad there is not a way to lure the linear thinkers in here! But then again you could make converts - and we need people on the other side of the trade!
    Dec 19, 2014. 09:54 AM | 2 Likes Like |Link to Comment