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The timer is ticking and drawing ever closer. The Markets are behaving just like I felt they would be. The (DJI) is making it’s final push while the broader market is starting to lag. We are almost at the top of the head in the head and shoulders pattern for the (DJI). Will it break 10,000? Personally I do not think so. The market rallied today on “funny” unemployment figures released by the government this morning. What happened to the 750,000 unemployed workers which have seemingly vanished? They certainly were not hired on new jobs! Where did they go? Add them back, you now have a more real picture of unemployment. Please keep your stop losses tight and be prepared to be stopped out.

Gold and Precious Metals… Like I said the timer is drawing down to zero. Keep accumulating and add on to your (DGP) positions too. Buy producers and those near production with proven reserves. I still see $1250 by year end for Gold, $25 for Silver and /or better! Buy now! Your Children and Grandchildren will Thank You!   Another stock I like is Apollo Gold (AGT), they recently have started production and are ramping up for more. At .45 cents a share you can get a nice position for a small investment. Another “Buy and Forget”. By the way I still also feel Silver will outperform Gold on a percentage basis (see article below).

Have a Great Weekend, I will be resuming regular daily posts as soon as I have finished setting up a couple of new web sites. My other vocation, I am also an Internet Marketer. Remember, set up as many multiple income streams as you can. Good Investing! -jschulmansr

Please Follow me on Twitter & FaceBook at: 
http://twitter.com/jschulmansr - Overall Markets and Trading Blog
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FaceBook http://facebook.com/jschulmansr 
Thanks Again!
Jeff aka jschulmansr

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Exposed! Five Myths of the Gold Market and find out:

  • · Who’s been driving this record bull-run in gold?
  • · What Happens When Inflation Kicks In?
  • · Why most investors are WRONG about gold…
  • · When and How to buy gold — at low cost with no hassle!

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Subject: Two trending markets revisited and analyzed for you

Here is a video analysis of the S&P and Gold markets. The technical analysis was right on at the time, but those markets have changed quite a bit in the last few days. The S&P had a huge rally and Gold is climbing at a steady rate, so what’s the new analysis? Glad you asked!

Below are two free videos, one on Gold and one on the S&P, that gives us an in depth technical look into these markets. Again the videos are free and very informative. Just Click on the Links Below…

S&P Video Analysis:                                                    Gold Projections:

Also- Here’s your chance to analyze that stock you have been thinking about adding to your portfolio. Just enter the ticker of any company, name of a commodity, or forex pair and get your complimentary technical analysis. It cost you nothing and no payment info will ever be requested.

Click Here To Enter Your Symbol/s

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Insiders are Selling – MarketWatch

By: Mark Hulbert of Hulbert Financial Digest

ANNANDALE, Va. (MarketWatch) — Corporate insiders have recently been selling their companies’ shares at a greater pace than at any time since the top of the bull market in the fall of 2007.

Does that mean you should immediately start lightening your equity exposure?

It depends on whom you ask.

But, first, the data.

Corporate insiders are a company’s officers, directors and largest shareholders. They are required to report to the SEC whenever they buy or sell shares of their companies, and various research firms collect and analyze those transactions.

One is the Vickers Weekly Insider Report, published by Argus Research. In their latest issue, received Monday afternoon, Vickers reported that the ratio of insider selling to insider buying last week was 4.16-to-1, the highest the ratio has been since October 2007.

I don’t need to remind you that the 2002-2007 bull market topped out that month.

To be sure, the weekly insider data can be volatile, especially during periods like the summer, in which the overall volume of insider transactions can be quite light. That is one of the reasons why Vickers also calculates an eight-week average of the insider sell-to-buy ratio, and it currently stands at 2.69-to-1. That’s the highest that this eight-week ratio has been since November 2007.

To put the insiders’ recent selling into context, consider that in late April, the last time I devoted a column to the behavior of insiders (and when the rally that began on March 9 was still only six weeks old), the comparable eight-week sell-to-buy ratio was just 0.72-to-1. ( Read my April 27 column.)

Why, given this, shouldn’t we be running, not walking, to the exits?

May be you should, of course.

But, in deciding whether to do so, there are several other factors to consider.

The first reason to be at least a little bit skeptical of insiders’ current pessimism is that they, on balance, failed to anticipate the 2007-2009 bear market. On the contrary, as I reported on numerous occasions during that bear market, they were largely bullish throughout. The average recommended equity exposure of Vickers’ two model portfolios, for example, was around 90% from late 2007 through the early part of this year.

What makes insiders more worth listening to now than then?

It’s a fair enough question, of course. What those who are inclined to follow the insiders can say by way of response is that insiders, over the years, have been more right than wrong — even though by no means infallible.

Another reason not to immediately go to cash in response to insiders’ increased recent predisposition to sell their companies’ stock: They are often early.

In fact, Investors Intelligence, a newsletter edited by John Gray and Michael Burke, bases one of its market timing indicators on how the insiders were behaving 12 months previously.

A similar point was made earlier this week by Jonathan Moreland, editor of the Insider Insights newsletter. While acknowledging that recent insider behavior “seems totally inconsistent with this rally continuing unabated,” Moreland went on to argue that “it may take weeks or even months for insiders to be proven right. Money can be made in the meantime.”

The bottom line? Insiders are not always right. And even when they are right, they often are early.

Even so, it’s difficult to sugar-coat the recent increase in the pace of their selling,

Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.

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Fundamentals Are in Place For Silver To Move Higher – Seeking Alpha

Source: The Silver Analyst

The fundamentals are in place for silver and gold to move higher. The ongoing issuance of US treasuries and further quantitative easing by the Federal Reserve inevitably point to continued dollar weakness. The interesting fact that the Fed stepped in recently to indirectly buy some of the auctioned bonds points to a decreasing lack of investor appetite for US debt. That the Fed indulged in QE is no surprise – they announced that months ago. It was more the fact they had to step into the void created by the absence of buyers that was more telling. So much for the fundamentals – now what about the technicals of timing?

No doubt you are aware that the US Dollar Index has breached longer term support at 77.7 and is currently slogging to retrieve that level of support. We don’t think it will succeed but for how long it will hold out is as yet uncertain. The breach is slight and we are still looking for a decisive breach that will propel gold and silver higher. The chart below sums up the dollar situation with potential overhead resistance at 79.

Looking at silver, we are seeing a pattern emerge that suggests if the dollar breaks to the downside, silver will be targeting its former high of $21 though we are uncertain of it completely taking that high out in the medium term. Nevertheless a buying opportunity is present and as advised to subscribers, we already have gone long in July.

The question for those with positions is when to exit? The silver chart is shown below displaying the longer term trend in terms of months with the prospect of the upper channel being tested if the dollar falls through to its lower channel in the low 70s. As a guide, remember when the US Dollar fell to 70 in March 2008, silver went to $21.

Zooming into the daily charts, we see silver has begun a move up since mid-July not dissimilar to the moves up in February and June. Those moves lasted two to three months and we anticipate something of the same here. Note the support lines in the two prior moves and their similar angles of ascent. By way of projection I have copied the first trend line from February and superimposed it on the current move. It meets the longer term line of resistance at about $18. That is the kind of price action we hope silver will indulge us when the dollar breaks down further.

You will also note the Elliott wave notation. The last move up from April to June was a clear impulse wave and this current wave looks to be in a wave 3 now with all the upside potential that such a wave brings.

So the stage is set for some fireworks but to aid our silver and gold cause the resistance line on the US Dollar Index chart needs to hold. So far it is and next week should prove to be very interesting.

Disclosure: The Silver Analyst is long silver bullion!

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Gold Bullion Regaining Its Glitter – Seeking Alpha

By: Prieur du Plessis of Investment Postcards

Is gold bullion coming back to life? Should one read anything into the rise of 6.2% (+$56) since the yellow metal’s low of early July?

When it comes to gold bullion and gold stocks, I need to confess I started my investment career in 1984 as none other than a mining analyst. Ever since those days of calculating net present values on my trusted HP 12C I have been intrigued by the shenanigans of the yellow metal and related stocks. And I have also learnt over the years that one should never underestimate the ability of the gold price to surprise when least expected.

Admittedly, part of the improvement in the gold price can be ascribed to the fading US greenback, which declined by 3.9% over the same period. I always have more faith in gold’s rallies when they are not only a reflection of US dollar weakness, but gold is also appreciating in most currencies. This serves as an indication of increased investment demand and is a phenomenon one should keep an eye on as gold might just have started moving independently of the dollar over the past few days.

Considering the fundamental outlook for gold, a very comprehensive report was recently published by Austria’s Erste Group. The analysts list the positive and negative influences below, leading them to conclude that gold is only half-way through a secular bull market and offers an outstanding risk/return profile.

Negative factors:
• Clearly falling jewellery demand.
• Recessions are basically not a good environment for the gold price (the gold price gets stimulated at a later stage by the measures taken during the recession).
• Gold tends to be held as asset and cash of last resort, which means it is liquidated in extreme financial situations. Given that more than 70% of jewellery is bought on the Indian subcontinent, the supply of recycled gold might continue to rise.
• De-hedging is coming to an end.
• The futures positions (CoT) would suggest a short-term correction.

Positive aspects:
• The worldwide reflationary policy will continue for a while.
• Global USD reserves are excessive, and the need to diversify is enormous.
• De facto zero-interest policy in USA, Japan and Europe.
• Central banks have changed their attitude towards gold.
• Supply still in long-term downward trend.
• Investment demand will remain high; Wall Street has discovered gold.
• Commodity cycle has a long way to go.
• Geopolitical environment remains fragile.
• China will increase its gold reserves.

Gold’s technical picture is certainly looking up. This is explained by Adam Hewison of INO.com who prepared a short analysis of gold’s most likely direction. (The analysis was done on Tuesday, but is still as relevant today as it was then.)

Click here or on the image below to access the video presentation.

spot-gold-pic1

Seasonally, September also seems to be a good month for gold, with an average gain of 2.6% for the month since 1970.

gold-price-pic2

Source: Plexus Asset Management

I am bullish on gold in the medium term, especially as I believe the vast money printing by central banks could set off strong inflation pressures down the road. I will not be surprised to see bullion passing the infamous $1,000 resistance level over the next few weeks – a question of fifth time lucky – and I will be inclined to add bullion to my portfolio on pullbacks.

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

  • · Who’s been driving this record bull-run in gold?
  • · What Happens When Inflation Kicks In?
  • · Why most investors are WRONG about gold…
  • · When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr