Monday, June 28, 2010

Daily Gold Chart

Gold looking very bearish...

Wednesday, June 23, 2010

Intermediate Gold Top

It looks like gold has topped for a few years before it continues its bull market rally....

Thursday, June 17, 2010

Textbook Example of Double Three

Could be a triangle or zigzag that ends Y... looks like a triangle as of now

Wednesday, June 16, 2010

Tuesday, June 15, 2010

Thursday, June 10, 2010

  • It looks to me as if there is a strong possibility in this rally continuing....however, don't be suprised if it falls off a cliff.

  • Everyone is watching the SPX 1040 level for a breakdown. If it breaks watch for some fireworks.

  • Nevertheless, it looks like Ben could keep the music going a little longer. There is some heavy buying going on, some not seen since the March 2009 lows. Dollar bulls are at record highs (bad for market) and market participants are just as pessimistic now as they were near the March 09' lows.

  • What the verdict? smells like a rally a coming

S&P 500 Index - 60 minute chart

Wednesday, June 2, 2010

Time to go shopping in Greece?

  • I'm not real sure, but I believe it could be time to go shopping for some value in Greece.

  • The world is scared to death of Greece and like Buffet says, "be fearful when others are greedy and greedy when others our fearful."

  • I'm buying some National Bank of Greece (NBG) right here.

National Bank of Greece (NBG)

What am I reading today?

Finance & Economics

On The Descent Into A Weimar Reality - More and more pundits claim that the true historical analog to our current tumultuous times are not the days after 1929, but the period between 1919 and 1923 in post WW I Germany, also known as th Weimar Republic.

With Everyone Expressing Their Fake Support For The Euro, Iran Is Now Openly Dumping €45 Billion - Iran's central bank will sell 45 billion euros from its reserves to buy dollars and gold ingots, a report on the website of state-owned Press TV said on Wednesday.

How Much Economic Growth Is “Artificial”? - Add it up and only one quarter of the last seven (Q4 2009) has been able to show real growth in excess of government stimulus.

Trading and Investments

The Ultimate Hedge in Economic Crisis - Consider health care the ultimate hedge in times of economic crisis. Not only is it the last area that people cut back, it doesn't lose value in good times, as gold does. As a percentage of our economy, health care overshadows sectors that are far more subject to economic fluctuations, such as energy.


US Attorney General Launches Criminal, Civil Investigation Into BP Oil Spill - It's about that time for someone to ask a few questions of BP former Chairman Peter Denis Sutherland (until January 2010), who just happens to be a non-executive director of Goldman Sachs, which incidentally sold just under 5 million shares, or nearly 40% of their BP stake, in the quarter ended March 31?

Libertarian Warren Redlich blasts Republican opponents for supporting Democrats in the past - Libertarian Party nominee for Governor of New York Warren Redlich took some shots at his Republican opponents for having supported Democrats in past elections.

"There Are too Many Bureaucrats, and They Are Paid too Much" - The Center for Freedom and Prosperity's latest video looks at how a large part of the soaring federal and state government debt is due to a massive, overpaid bureaucracy.

Tuesday, June 1, 2010

Will history continue rhyming?

  • Sometimes history seems to repeat itself.

  • 2007 saw the collapse of the largest housing bubble in U.S. history, the lead up to this collapse is shown in chart #1.

  • The U.S. reflation trade of 2009 and early 2010 also was fueled by a massive amount of liquidity, creating another bubble in the U.S. equity markets. This can be seen in chart #2. Notice the similarities in the rise of 2006/2007 to 2009/2010.

  • What if the collapse of this bubble mirrors the collapse of 2007/2008? Check out chart #3, we could be in for another bumpy couple of years.

2006/2007 Market Rally

2009/2010 Market Rally

What could happen from here

Timings not right for gold

  • If you're looking for an investment in the gold market the timing probably isn't the greatest at the moment.

  • I can see gold pulling back to $900 in the intermediate term, that's when I'll become a buyer.