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Post by Clinton SPX on Feb 7, 2012 12:34:40 GMT -5
Nice bull flag on 10m VGZ GPL kicking it too today  |
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Post by novice08 on Feb 7, 2012 13:06:48 GMT -5
EXK & RIC up over 3% too. One of today's stocks on the move is Richmont Mines (AMEX:RIC), up 3.4% to $12.27. The Dow is up 0.2% to 12,876 and the S&P is currently trading fractionally higher to 1,346. Richmont Mines has overhead space with shares priced $12.27, or 11.7% below the average consensus analyst price target of $13.89. The stock should discover initial support at its 50-day moving average (MA) of $11.30 and subsequent support at its 200-day MA of $9.83.
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Post by Clinton SPX on Feb 9, 2012 0:55:04 GMT -5
Michael Pento On Gold, Inflation, and Interest Rates
Submitted by CrownThomas on 02/08/2012 22:43 -0500
Greece Gross Domestic Product Italy Michael Pento Real Interest Rates Stagflation
One of the few sane economists out there is Michael Pento of Pento Portfolio Strategies (formerly of Peter Schiff's Euro Pacific Capital).
Here is an interesting interview he did with Bloomberg back in December where he discusses his typical range of topics: Gold, Inflation, and Interest rates
Notable comments:
Half of the DXY is against the EURO, so that's the headwind for gold, but the tailwind for gold still is the fact that we have negative real interest rates & they probably won't rise for a very long time
M2 is up 10% YOY
QE3 will come in Q2 FY'12, which will be another tailwind for gold
Nominal GDP is rising, you take out a legitimate rate of inflation, and we are in a recession
U.S. and Europe = Stagflation
How long can an investor accept a negative real return after interest and taxes? A buyer strike of an Auction and you'll see yields rise just as they did in Greece and Italy. It's going to happen in this country
People are always talking about the tremendous amount of cash on the corporate balance sheets. What about the tremendous amount of debt on corporate balance sheets? They have $7.6 Trillion dollars of debt on their balance sheets. What happens to that debt when interest rates rise & they have to roll over that debt
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Post by Clinton SPX on Feb 9, 2012 7:55:32 GMT -5
Oil +.63% Im thinking they run it 103 again
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Post by Clinton SPX on Feb 9, 2012 8:11:30 GMT -5
silver just popped above 34 again
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Post by novice08 on Feb 9, 2012 12:48:35 GMT -5
ITMS says BOE added 50 billion euros to QE...this is the yr. for commods.
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Post by Clinton SPX on Feb 9, 2012 23:29:47 GMT -5
VGZ has bought into a mine named "concordia" hmm where have I heard THAT name before.
what could possibly go wrong with THIS deal
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Post by Rich on Feb 9, 2012 23:43:24 GMT -5
VGZ has bought into a mine named "concordia" hmm where have I heard THAT name before. what could possibly go wrong with THIS deal |
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Post by Clinton SPX on Feb 10, 2012 14:48:14 GMT -5
China January Oil Imports Rise To Record
Submitted by Tyler Durden on 02/10/2012 - 08:46
China Crude Crude Oil Iran
Say what you will about the tenets of Chinese economic slowdown assumptions and what not (despite inflation obviously continuing to be a rather pesky issue), at least its steadfast determination to have the world's largest crude oil stockpile is an ethos. At 23.4k metric tons of imports in January, China just imported the most crude in its history, despite the traditionally slow period around the Chinese new year. The trendline is unmissable - at this rate China will become the world's largest importer of Crude in a few short years, surpassing the US easily with its 28K metric tons of imports in a couple of years. Oh, and anyone who thinks that China will volunteer to lose Iran as a primary source of crude imports as its oil is "liberated" by Western powers as the country is obviously en route to having the world's largest crude stockpile (as to why this may be the case, read here), we have a bridge to Isfahan to sell you.
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Post by jack on Feb 10, 2012 14:52:03 GMT -5
China January Oil Imports Rise To Record Submitted by Tyler Durden on 02/10/2012 - 08:46 China Crude Crude Oil Iran Say what you will about the tenets of Chinese economic slowdown assumptions and what not (despite inflation obviously continuing to be a rather pesky issue), at least its steadfast determination to have the world's largest crude oil stockpile is an ethos. At 23.4k metric tons of imports in January, China just imported the most crude in its history, despite the traditionally slow period around the Chinese new year. The trendline is unmissable - at this rate China will become the world's largest importer of Crude in a few short years, surpassing the US easily with its 28K metric tons of imports in a couple of years. Oh, and anyone who thinks that China will volunteer to lose Iran as a primary source of crude imports as its oil is "liberated" by Western powers as the country is obviously en route to having the world's largest crude stockpile (as to why this may be the case, read here), we have a bridge to Isfahan to sell you. Yup....its all about what's in one's own best national interest no doubt about it. |
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Feb 11, 2012 23:20:29 GMT -5
GLD seems to be at a turning point. Decision point coming up - time to short gold? Short GLD, or a 3x fund like UGLD. Or buy DGLD and hang on. Seems like it's time for a down cycle for the PMs, and with the turmoil in the euro, it's a bit scary to think the euro will fall sharply if Greece thumbs its nose at the rest of the EZ, and says, you want your money?, Ha Ha. javascript:add('%20  %20') If the euro drops, the USD will rise, gold will sink like the Costa Concordia. Hopefully these charts will post  Uploaded with ImageShack.usUploaded with ImageShack.us |
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Post by Clinton SPX on Feb 12, 2012 10:50:20 GMT -5
Sorry, I love the GLD chart. will keep adding to my miners as they get cheaper. I see a bull flag in a bull flag and a MACD about to go positive GLD184 coming soon Attachments:
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Post by Clinton SPX on Feb 12, 2012 11:15:13 GMT -5
DXY is trending bearish Attachments:
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Feb 12, 2012 17:17:31 GMT -5
There is the long term, and the short term. The weekly trend may seem bullish for the long term. The daily charts look bearish to me for the short term - the next few weeks. I get a feeling that whatever happens with Greece, the euro will not do well short term. No default, the EZ is saddled with the prospect of the Greeks finding some way to keep their benefits, and slip out of repaying the loans. With default, and "The sky is falling!" syndrome comes into play, and the euro reacts with a plunge, possibly short term.
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Post by Clinton SPX on Feb 12, 2012 21:10:34 GMT -5
Oil heading for 100 tonight
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Post by Clinton SPX on Feb 13, 2012 10:02:20 GMT -5
Bought a little SVM here
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Post by Clinton SPX on Feb 13, 2012 10:38:57 GMT -5
gold on a 50 min little bull run
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Post by Clinton SPX on Feb 13, 2012 11:04:47 GMT -5
short squeeze on BDCO (oil )
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Post by Clinton SPX on Feb 13, 2012 11:59:48 GMT -5
BDCO +66% now
damn shorts are gettin killed
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Post by Clinton SPX on Feb 13, 2012 20:16:06 GMT -5
big move coming Attachments:
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Post by Clinton SPX on Feb 13, 2012 21:34:29 GMT -5
Ya gold is under some selling pressure right now but here's why I bought VGZ at the close Willy -100 on the daily. I love buying at -100 stoch at 20, not bad Pierced the 50ma w/o a bounce, good chance that bounce comes tomorrow Ill buy more at the 200 ma Attachments:
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Post by maxi on Feb 13, 2012 23:27:30 GMT -5
BDCO +66% now damn shorts are gettin killed That was a totally staged manipulated move. LMAO  Not one shred of logical talk on the YMB. Congrats if u owned it previous to the insane run up tho and hope u sold eod. |
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Post by Clinton SPX on Feb 13, 2012 23:36:57 GMT -5
No but I thought about shorting it.  glad i didnt |
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Post by Clinton SPX on Feb 13, 2012 23:46:55 GMT -5
Today's Black Gold Swan - Presenting The Reason Why The CME's Crude Market Was Halted For Over One Hour
Submitted by Tyler Durden on 02/13/2012 - 19:49
Black Swan Crude Crude Oil Exchange Traded Fund NYMEX
Earlier today, we reported on the extended halt of the CME Globex crude market, which following an errant trading pattern, did not quite crash, but did the next best thing - go offline for a full 75 minutes. Why did this happen? Our initial speculation was that this "may have been an algo gone berserk in advance of what may or may not have been a block order.... Someone take quote stuffing a little too far today?" It turns out we were not too far off. Below is Nanex visualization of just what occurred in those seconds between 13:59:57 and 14:04:55 when "a blast of quotes corrupted a memory queue causing the software to believe the queue was full all the time." In other words just under two years after the May 2010 flash crash, another algo may have been the reason for the halt in one of the world's most important markets. At least this time there was no 10% "correction." How long until there is, and when it does happen again, will it be limited to just 10%? Oh, and whatever you do, most certainly don't expect this little incident to be brought up ever again by those in control, for any precautionary measure to be taken, or for the SEC to ever get involved. Any of those three would immediately imply something is very wrong with the market. And that's simply not allowed.
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Post by Clinton SPX on Feb 16, 2012 8:26:39 GMT -5
dollar yen up
gold and silver down
not looking good so far this morning
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Post by Clinton SPX on Feb 16, 2012 9:09:30 GMT -5
Global Gold Demand in 2011 Rises 0.4% To $200 Billion - Central Banks, Asia and Europe Diversifying Into Gold
Submitted by Tyler Durden on 02/16/2012 - 08:25
British Pound Capital Markets Central Banks China Eurozone Exchange Traded Fund Germany India Ireland Real Interest Rates Reuters Sovereign Debt Switzerland Twitter United Kingdom World Gold Council
Global demand for gold reached 4,067.1 tonnes last year, the highest tonnage since 1997, due in large part to a nearly 5% increase in investment demand, which hit a record 1,640.7 tonnes. Asian countries like China, India, Vietnam, Thailand and others see bullion as a store of value against the growing inflation and the ongoing debasement of their currencies. The fundamentals for gold in 2012 look good. Continuing low and often negative real interest rates will continue to support gold’s safe haven status. The Fed’s statement that it will continue to see rates remain very low until 2014 is very bullish for gold. Central banks were net buyers of gold and their demand surged nearly 6 fold (570%) to 439.7 tonnes in 2011 (compared with 77 tonnes in 2010), more metal than at any time since the end of the gold standard in 1971. The World Gold Council noted that, “The buyers are all ... in Latin America, Asia and the Far East and they are basically enjoying strong growth, fiscal surpluses and growing foreign exchange reserves."
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Post by Clinton SPX on Feb 17, 2012 21:33:46 GMT -5
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Post by kbk3ck on Feb 17, 2012 21:43:43 GMT -5
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Post by Clinton SPX on Feb 17, 2012 23:41:08 GMT -5
Horrible News For Goldbugs - Paulson Is Bullish On Gold Again; Next - Roubini? Submitted by Tyler Durden on 02/17/2012 15:53 -0500 Bank of America Bank of America Goldbugs John Paulson We wish we had good news, but we are not going to lie: This is the worst possible news for any gold bull out there. From Bloomberg: Gold traders are getting more bullish after billionaire hedge-fund manager John Paulson told investors it’s time to buy the metal as protection against inflation caused by government spending. “By the time inflation becomes evident, gold will probably have moved, which implies that now is the time to build a position in gold,” New-York based Paulson said in a letter to investors obtained by Bloomberg. Armel Leslie, a spokesman for Paulson, declined to comment. The 56-year-old manager’s SPDR Gold Trust holdings fell 15 percent in the fourth quarter as his $23 billion hedge fund company had its worst-ever year. His Advantage Plus Fund lost 51 percent in 2011, and the firm said in a third-quarter letter that financial services companies were the “primary drag.” Paulson became a billionaire in 2007 by betting against the U.S. subprime mortgage market. Gold rose 10 percent last year in New York trading, an 11th consecutive annual gain. And so the Paulson overhang is back. Couldn't Paulson just go ahead and buy Bank of America or some other worthless biohazard again?All that remains is for Roubini to say he prefers gold over spam (and always has, he was merely "misunderstood") and the crash will be imminent. Or perhaps we will learn following the next $1000 up move in gold that Gartman will have been long gold in Vietnamese Dong. Well, at least cheap entry points will be available. |
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Post by kbk3ck on Feb 18, 2012 1:24:06 GMT -5
Oil goes up.... Gas goes up.......
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