I AM BACK! Are You Ready to Rock?

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90 Day Challenge, Body By ViSalus, Diet and Dieting, Health and Wellness, Jschulmansr, Lose Weight, make money, Nutrition, ViSalus, Weight Loss

I haven’t been posting for almost a year, decided to take a breather from the markets and enjoy life, my kids and grandkids. However I am back again and will start publishing market trades, articles, and things I find of interest.  Get ready for new BIG moves in the markets especially in Gold and Precious Metals. I was right on from $480 an oz.  in accurately predicting the huge Upward move in Gold prices. Hopefully,  you made some money with me as you saw my trades. Gold is still a few months away from the next big upward leg and I think we should start accumulating Gold again. Don’t forget Silver either!  More details to follow in my next upcoming posts. I wanted to tell you about something that I just found out about, and that is the Body By ViSalus 90 Day Challenge. I have joined the Challenge and this is truly awesome!  I’ll be posting more on Metals soon but in the meantime, watch this video, and I am confident that You too will join me in The 90 Day Challenge!

To Join The Challenge or for More Info: www.jschulmansr.bodybyvi.com

DARE SOMETHING WORTHY TODAY!

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Ahh!… Euphoria – The Sweet Smell of Recovery???

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Ahh the sweet smell of recovery! It’s “official Bernanke said so and so did MSNBC. I don’t think we are anywhere close to being out of the woods yet. To many shoes still dropping. Mortgage Resets, Commercial Real Estate, the number of banks failing each month, and the U.S. Dollar; just to name a few. Oops, can’t forget Inflation, oops hyper-inflation. Hey, we haven’t even gotten to the world political climate; i.e. Iran, N. Korea, Israel, and Afghanistan; to name a few more. Where are the contrarians? What happened to astute investing? When is Geitner going to turn off the printing press? When is China going to fire back in the trade war and just say no to one of the next treasury auctions? If that happened for 1-2 auctions how do you think the market will react? Personally, I think we are dead in the eye of the hurricane of economic malestrom. I remember reading early this year this is the exact blueprint of the Bilderberger Plan, allow the stock market to get to pre-crash levels, suck in all the investors back into the market and then pull the plug. I am not wearing a tin foil hat either… research this out for yourself (Google Bilderberger’s and another good source is Alex Jones Infowar site.) I also find it very interesting no news from the latest G-20 meeting. Plus the BRIC countries are very silent, can you imagine if China convinced those countries to side with them in a trade war? Don’t get me wrong I want to be out of the recession too. However, when everyone is saying Buy, it is usually the time to Sell. I think the DJI still has more room 9750 is the first major resistance, next 9850, and then no man’s land at 10,000 and above. I don’t think we will quite get there (DJI 10,000), but since we are in the head building phase of the head and shoulders formation on the charts it could conceivably happen. So since there are some good stocks still out there, due due diligence, keep your stops tight within 10-18%. I know I would rather take 60-80% off the table in profits than ride the elevator back down.

Gold for the 3rd day has held above $1000, it doesn’t surprise me. Okay we now have support at $998-$1000 for gold. The first resistance is te $1011 double top, when that falls, next stop $1020, and then the assault on the all time high of $1033. Silver already is at it’s high for the year and the sky is the limit. First of all with the euphoria over the “recession is over gang” will mean a perceived and partially real rnewed industrial demand for both Silver and Copper too.. However, when Gold takes out it’s all time high, I think there will be a massive influx of money into Silver the “Poor Man’s Gold”. Silver at $25oz before the end of the year and Gold at $1250- $1325.  I have been accumulating both and also own the core major Silver and Gold producers. I have have mid-tier and junior producers and a few good ‘explorer’s too! This is not to “toot my horn”, but to implore you to join me. Get in now, and hang on for the ride of your life! Great Investing! – jschulmansr

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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

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

Wednesday Outlook: No Speed Bumps in Sight? – Seeking Alpha

By: David Fry of ETF Digest

September 15, 2009

NO SPEED BUMPS IN SIGHT?

This rally has only modest volume (although more today) and positive major news remains thin but always “better than expected” (Retail Sales and Empire State Manufacturing Survey). But, hey, Bernanke postulates that the recession is “likely over.” Now, who the hell knew that?! Geithner was more equivocal in his comments saying a “true recovery still has a ways to go.” Well, okay, let’s just say things are better than before.

Volume increased on an up day for a change but some of this is misleading given one glance at the late day trading on the 5 minute SPY chart. Breadth however was positive but not overwhelmingly so.

click to enlarge

“Today is the last trading day for VIX SEPT options, with the cash settlement price disseminated tomorrow morning off the CBOE SPX option volatility calculation. The open interest in the SEPT 25 puts is a staggering 188k, watch for the underlying to lift higher and migrate to this strike during the course of the trading session. Dealers are long this strike due to a series of put butterflies (SEPT 22.5,25,27.5) purchased by customers the past 10 days.” This per our friend, Scott Larison, Managing Director, Options Sales and Strategy, Forefront Advisory in New York.

Retail Sales were “better than expected” causing true believers in Chucky, the Consumer you can’t kill, to go on another shopping spree. You were out there shopping right?

We have quad-witching ahead and some of today’s action is no doubt linked to getting out of the way and manipulation with options and futures. This evening expiring September S&P futures are down a lot with rollover to December no doubt occurring. These are the types of the things that HAL 9000s live on.

There’s plenty of momentum for bulls and there are times this does seem unstoppable. Funny thing, sometimes this is just when things get upended.

One thing markets like is Washington gridlock and the most overexposed president in history is helping with it. He might do a little better if he gave us and his teleprompter a break. That’s just my opinion.

Let’s see what happens.

You can follow ETF Digest on twitter here.

Disclaimer: Among other issues the ETF Digest maintains positions in XLB, XLI, IYR, IEF, TLT, UDN, GLD, DBC, XLE, EWJ, EWZ, EWC and RSX.

The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.

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

– Trend Analysis Revealed –

Substantial moves like the ones that we have recently witnessed present opportunities to succeed or fail in the markets. Traders who stayed on the correct side of the trend were rewarded substantially.

Serious questions effecting your portfolio still remain:

– Have we seen the Indexes bottom or top?
– Is a reversal in the near future?
– Is it too late to go short?

Stay on the correct side of the market. Let our Trade Triangle technology work for you. It’s free, It’s informative, It’s on the money.

Free Instant Analysis delivered to your email inbox. Analyze ANY Stock, Futures, or Forex symbol.

Click Here For Your Free Analysis

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

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

It’s Jiffy Pop Time! Gold and Stock Markets Weekly Wrap Up

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, Copper, crash, Currencies, currency, Currency and Currencies, Dennis Gartman, DGP, dollar denominated, dollar denominated investments, Doug Casey, EGO, Federal Deficit, Forex, FRG, gata, GDX, geothermal, GG, GLD, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, HL, hyper-inflation, IAU, India, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, Peter Grandich, Peter Schiff, platinum miners, power, prices, producers, production, Sean Rakhimov, silver miners, SLW, small caps, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

It’s Jiffy Pop Time and the Gold market is just starting to pop, pop, pop. The heat is being generated by the whirring printing presses at the U.S. Treasury; which are running full steam ahead, unabated, and with no prospect of turning them off. This forms the stove with Inflation, (soon to be Hyper-Inflation) are the burners, blazing red hot. Extra energy is coming from the falling dollar and rising prices/Inflation regardless of what the manipulated Government reports may say. True Inflation right now is approximately 18%+. The tin foil on the Jiffy Pop is starting to rise and Gold has closed today at an 18 month high. We are moving out of the deflation stage and into the inflation stage, if Bernanke is truly dedicated to saving the U.S. economy the he need to tell Geitner to turn off the presses now. We have already doubled, no almost tripled the amount of dollars in circulation now; just in the last 8 months.

The popping is growing louder and mmm- the smell of fresh popped Jiffy Pop Popcorn. The heat is high and I hope you are on the right side of the markets- especially Gold and Precious Metals and in Stocks. For Gold in the coming week I fully expect we will take out the $1033 high. I would not be upset if we built a base down here around $1000 –  $1015 during the next few days and closing out next week at $1025 – $1040. This thrust will take us up to $1075- $1100 Then a retracement to back to $1025-$1033 before taking out $1100; and then getting to $1250 – $1300 by the end of the year. We will see a futile attempt to prop up the U.S. Dollar but there is nothing they can do short of raising Interest rates which will sink the fledgling recovery. Oil wil come back and take out first $75 a barrel and then $100 a barrel by the end of the year.

On stocks, I made a mistake on the wave/formation pattern, I still feel we are in the process of creating a head and shoulders top, the exception is that we are still forming the head. I think we will top out the head at DJI 9750- 9800. From there it will be a vicious drop off the cliff preceded by a short right shoulder buildup. I think the big crash is going to occur very soon in the next few weeks. Keep your stops very tight and get ready to play the downside.

I initiated two positions Thurs late afternoon, I bought (DGP) at 2245 and I sold (DGZ) at $22.60. I am getting ready to buy Dec call options for (GLD) and (RGLD) on Monday. You can follow my trades on twitter right after I initiate them.

Have a Great Investing Day! –

Follow Me on Twitter and be notified whenever I make a new post!

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

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

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

Four Keys To Gold’s Next Move – Seeking Alpha

By Jeffrey Nichols of Nichols On Gold

Gold may have moved too high too soon . . . but whether or not the metal manages to recoup and hold onto recent gains near or above the $1000 an ounce level in the days immediately ahead . . . we are nevertheless looking for new highs (above $1032) in the closing months of the year with gold possibly at $1200 or $1300 before the New Year.

Key One: India

I’ve just returned from India, one of the most crucial markets for gold with a long history and big appetite for the yellow metal. What happens next for gold may depend most on the strength — or weakness — of Indian buying. And, Indian buying is both price sensitive and in sync with various holidays, festivals, and the wedding seasons.

With current rupee-denominated prices near historic highs, many are waiting either for a correction or evidence of staying power before returning to the market for new purchases. And while festival and wedding-related buying is expected later this month, the two-week period up to September 19th is considered inauspicious for gold purchases and many potential buyers will wait until later in the month.

If gold can remain near $1000 for the next week or two, giving Indians a sense of confidence that the price is not about to retreat, we can imagine stronger buying interest sufficient to get the price moving toward its previous historic peak and beyond into uncharted territory.

Key Two: China

Official — but unreported — buying on behalf of the central bank and possibly the country’s sovereign wealth fund, the China Investment Corporation, is being joined by growing private-sector demand for both investment bars and jewelry.

Press reports suggest that the Chinese government has adopted a new — more positive — attitude toward private-sector buying of both gold and silver. With China now the number one gold-mining country, it is in their interest to see a higher gold price as long as demand can be satisfied by domestic mine production and scrap reflows. Additionally, it has been suggested that the new pro-gold policy is intended to channel speculative funds away from real estate and equity investments.

The recently announced agreement for the People’s Bank of China to purchase from the International Monetary Fund about $50 billion in SDR-denominated, IMF-issued interest-bearing securities has also contributed to the latest round of dollar selling . . . and, to the extent that dollar weakness is a plus for gold, this has also supported the early September gold rally.

Key Three: Barrick

Barrick Gold’s (ABX) smart move to buy back its gold hedge position provided a temporary booster shot that helped propel the yellow metal through the $1000 an ounce barrier.

If I remember correctly, as of midyear, Barrick — the world’s largest gold-mine producer — had about 168 tons of gold outstanding on its hedge book . . . and would have to buy back this quantity to regain full exposure to future gold-price moves.

Anticipating an announcement effect, Barrick most likely accelerated its gold repurchase program in the days leading up to the September 7th announcement and probably paused to let the market recover from the news and prices to back off a bit before it resumes its repurchase program. With another tranche still to be repurchased in the months ahead, I expect Barrick to buy into price weakness, helping to underpin the price at moments of weakness.

Key Four: Monetary Factors

Of course, clients and readers of NicholsOnGold know that we think U.S. monetary policy and money supply growth are the primary determinants of U.S. price inflation, U.S. dollar performance, and the future price of gold. Last weekend’s communique from the G20 Finance Ministers and Central Bank Governors was a reminder that monetary stimulus is likely to stay for some time. This — along with last week’s report from the United Nations critical of the U.S. dollar’s roll as a global reserve asset — has pushed the dollar lower in foreign-exchange markets to the benefit of gold.

If you haven’t already read the full text of my speech to the 6th Annual India International Gold Convention in Goa, India last week, I suggest you take a look for more about gold’s supply/demand situation, important changes in central bank gold policies, and implications of U.S. monetary policy.

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How to Trade Natural Gas, Crude Oil and Gold ETF Funds – Seeking Alpha

By: Chris Vermeulen of The Gold and Oil Guy

How to trade hot commodities like natural gas, oil and gold? We should see big moves in the coming weeks as gas bottoms, and oil and gold breakout or breakdown. A lot of money is going to be exchanging hands quickly and the key is to be on the receiving end of things. Below are some charts showing where these commodities are trading.

How to Trade Gold – Weekly Chart

How I trade gold is relatively straight forward. I use a simple trading model which allows me to identify the down side risk for a potential gold trade. I also use the same model for trading oil, gas and silver.

Beyond finding good entry points, it is crucial to know when to take some profits off the table. The weekly gold chart clearly shows gold trading at a resistance level which means there are going to be more sellers than buyers, hence the reason it is called resistance.

To trade gold I enter with my low risk entry points and sell half my position once I reach a resistance level. Thursday for example gold moved up into this long term resistance level and then started to head south. We took some profits off the table before gold dipped in the late afternoon for a healthy gain. Taking profits is a must or you’ll simply hold onto winning positions until they eventually turn into a loser.

How to Trade Crude Oil – Weekly Chart

Trading crude oil is exciting because it moves much faster than gold. How to trade crude oil with low risk can be done by using my simple trading model which is a combination of indicators like momentum, support & resistance, volume, price patterns and media coverage. All these things combined allow for highly accurate trades with minimal down side risk.

Crude oil looks ready to make a big move. The odds are pointing to higher prices because oil has a multi month bullish price action and the falling US dollar helps increase the price of oil. I can see oil breakout and rally into the $95 per barrel level if things go that way in the coming weeks.

How to Trade Oil (USO Fund) – Weekly Chart

USO tracks similarly to the price of crude oil and it provides some great trades for both swing traders and day traders. I focus on trades that bounce off support with low downside risks, which occur on both the daily and weekly charts.

How to Trade Natural Gas – Weekly Chart

Natural gas is looking ready to bottom here. If you go back to the early 90’s the $2-3 range is a major support level. While I don’t generally try to pick bottoms, there are some signature price patterns and volume patterns that have proven to be very profitable for catching sharp bounces.

How to Trade Natural Gas – Daily Chart

The daily chart shows a perfect waterfall sell off with the price of natural gas dropping to a long term support level. This pattern combination shows panic selling which indicates a short term bottom is close.

The extreme panic selling and sharp decline in price, removes much of the down side risk. Scaling into a position over a few days, if the price continues to move lower, is important for this strategy to work its magic.

The black horizontal lines show my resistance levels for taking profits. If the price were to drop below $10 then I would exit the second half of the position to lock in the rest of the profit.

How to Trade Commodities Conclusion:

Trading commodities is very simple with all the ETFs and funds available. The energy funds like oil and gas have some issues with following the prices of their underlying commodity but I do not find it a problem with my style of trading.

I would really like to know the entire story about what is going on with the oil and nat gas funds which have crazy contango issues. Why do other commodity funds like GLD (gold bullion) and SLV (silver bullion) not have these issues? Why can’t they make a fund which follows oil and gas properly? All I know is that there are a lot of dishonest people in the financial industry taking honest hard working peoples’ money.

Visit The Gold and Oil Guy

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(9-11 Postscript): I salute the fallen hero’s of 9-11 – we will not forget you! Our prayers are still with the families of the fallen and the survivors. We will never forget…

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I will be starting regular daily posts next week especially since the markets are heating up- Like I said it’s “Jiffy Pop” time! – Have a great weekend-jschulmansr

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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

Is Gold getting Ready to Breakout?

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

The simple answer is yes. The key question is… are we going to test $1000 or back below $900? If you look at the daily charts Gold has been inching slowly upwards, the first resistance in $965, then a successful close above $980-$983, will confirm the upside new assault on $1000. I am still sticking to my prediction of Gold at $1250 by the end of the year.

The charts are almost indentical to 2007 before the big breakout, check it out for yourself. A major factor which few are talking about is any breakout above $1000 will cause a massive short squeeze or an even more massive loss for the Big 3 (banks) who are heavily short. Posistions starting as low as $750 -$800. Due to this there exists an even larger potential for Gold to actually go as high as $1500 by year end.

Silver on the other side is going to go to $25 by year end and an even bigger short squeeze potential exists in that market. By the way look for Crude oil to be at or above $100 barrel. The dollar is doomed either way and inflation will have accelerated to the 12%-15% range at about the same time.

I’ll update the stock markets tomorrow and even though I think we still a tiny bit of room to the upside as we finish “the head” of the head and shoulders pattern that has been forming. Keep your stop loss orders tight and as always, Good Investing! – jschulmansr

Please Follow me on Twitter & FaceBook at: 
http://twitter.com/jschulmansr - Overall Markets and Trading Blog
http://twitter.com/daresomething - Politics
http://twitter.com/tweetsgold - Gold and Precious Metals
http://twitter.com/tweetsthecash - Internet Marketing and Affiliate Marketing
FaceBook http://facebook.com/jschulmansr
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BONUS! The most accurate predictor of inflation (video)

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

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

 ==============================================================
Why Gold ETFs Are All About Timing --- Seeking Alpha

By: Tom Lydon of ETF Trends


Investor sentiments change with the seasons and summer proved to be


a lackluster season for gold. Nevertheless, a new season may provide

gold and related ETFs with the opportunity to shine.

A recent dip in gold prices renewed fund manager interest in gold,


citing the pullback as a buying opportunity, remarks Dan Well for


MoneyNews.
 
Gold abated from its recent high of $992.10 an ounce on June 3, but


many investors still believe inflation will kick in sooner or later.

Some portfolio managers believe gold may even touch $1,300 as soon


as spring. Gold is a popular hedge in inflationary times.
 
In the short term, seasonal changes may be a significant factor in


gold’s decline. Historically, gold prices tend to dip during summer


because the period lacks big gift-giving holidays. But purchases of


gold-related products resume in the fall when the Indian wedding


season, Ramadan, Christmas, and the Chinese New Year kick in.
 
Many people don’t know how many ounces a bar of gold actually


contains, comments Jim Wang for Bargaineering. In Wang’s search for


the answer, he discovered that there’s really no standard when


referring to “gold bars.” There is, however, the “400 ounce London


Good Delivery.” At $946 an ounce, the price as of Aug. 11, one


hefty stick of gold comes to $378,704. Yowza.
 

	
iShares COMEX Gold Trust (IAU): up 7.3% year-to-date



	
SPDR Gold Shares (GLD): up 7.4% year-to-date

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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

The “Other” Shoe Is It Dropping?

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

The other shoe what is it? Actually, there are several “other” shoes getting ready to drop. Today we saw one of them… Did you check out the Treasury Auction today? What happened on those 5 year notes. They didn’t sell all they offered in simple terms. This is a huge week of financing for the Treasury and they had a shortfall and were only able to sell $39 billion; the bid to cover ratio was 1.92 the weakest in almost a year. Yields (the tail) were well above expectations with the yield rising to a 4 week high of 2.66%.

In turn the stock market dropped 26 points to close at 9071 DJI. Slipping ever closer to falling beneath 9000. Analyst’s however are stating the the DJI came back up after much deeper losses which is bullish. Hmm… Could there be another round of fabricated unemployment numbers tomorrow? This market is being heavily manipulated and is try to suck in investors to the upside so that BAM!, another Crash and there goes another chunk of our savings down the drain. Be aware, watch the remaining Treasury auction, keep your stop loss points very close. Remember there is a little bit of room to the upside to make a nice head and shoulders.

Alas, poor Gold today down another $12 today. Good news for smart investors, time to buy more. Believe it or not the rally start is about 1 to 1/2 months away, maybe much sooner. Oil did it’s retracement today and will start heading back to $70 barrel. Keep accumulating in both Precious Metals and Oil stocks junior and mid tier producers. Our time is coming very soon.

In the coming days I will put together/report my portfolio fav’s and publish them so you can check them out for yourself. Stay tuned, subscribe to the blog or follow me on Twitter to be the first to know.

Please Follow me on Twitter & FaceBook at: 
http://twitter.com/jschulmansr - Overall Markets and Trading Blog
http://twitter.com/daresomething - Politics
http://twitter.com/tweetsgold - Gold and Precious Metals
http://twitter.com/tweetsthecash - Internet Marketing and Affiliate Marketing
FaceBook http://facebook.com/jschulmansr 

Good Investing! – jschulmansr

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

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

Market Update -jschulmansr

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Okay, I admit it this rally took me a little by surprise. Ah… Hope springs eternal! Everybody is banking that we are out of the woods. Well take your profits, keep your stops tight protect yourself. I may be wrong again and we may see 10,000 on the DJI. However, I still think we have an actual retracement needed, and I don’t think that support is very strong underlying the market. Companies are still downsizing, even I fell victim to this. Yes, I am now officially in the ranks of the unemployed. Thank God I can trade and have a severance package otherwise, I would be doomed to getting unemployment which is no where close to my earnings; and/or ability to pay my bills. Market Confidence is definitely waning.

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Unemployment rates are still much higher than stated. Home sales while up, how many of those are companies lowering prices to cost or below just to get them off their inventory rolls. Inflation due to unlimited money printing, is cause a pricing increase across the board. Inflation is here. Bernanke is caught between a rock and a hard place. If he increase Interest rates he will destroy the budding economy. If he keeps interest rates the same and keeps printing money, he will cause continued price and overall Inflation maybe even Hyper-Inflation.

Next are you really aware of what is in the current health reform bill if not you must read it. Here is the link all 1018 pages. It is an outright power grab and takeover of our country by Government and the Banks, and the “shadow government. According to information published, they have stated they will bring the Stock Market back to these levels (9000-10,000 DJI), suck everybody in, and crash the market and steal your money. When I say crash, I mean crash, all the way down to 6400 or worse. Be advised and be prepared. You will not heard this talked about on market news even from FOX. Here are some of the sources read here and here. These are just a few of many sources that you can check, read and decide for yourself.

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Should You take a bite out of Apple? Apple Analysis (New Video)

http://bit.ly/CoDMa

Where is Oil and USO headed? Further Up or Further Down? What’s the best strategy for USO? (New Video) http://bit.ly/14eDeW

Learn where Gold Prices are Going! The cyclic pattern of gold! (New Video) http://bit.ly/eLyQP

Is the Dollar Doomed? Dollar Vs Yen How Do I Play It? Revisiting and reanalyzing the USD/JPY(New Video) http://bit.ly/Fnlq7

Whipsawed By Goldman? Here’s How you SHOULD have traded Goldman and What You Should Do Now! (New Video)  http://bit.ly/3anG2z

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Today on the Dow it made a futile attempt to jump to the positive before being slammed and seesawed near the close. If I were to project the market it looks like we are forming an actual Head and shoulders top and are cureently worrking on the head. There is still a little room for the upside to somewhere around 9500-9600 DJI will be a strong resistance point. Next 10,000 DJI, and then the gap around 10,300 DJI. Remember however, we have already moved high enough to qualify as the head so bring your stops in tight.

Look for continued US Dollar weakness long term, be prepared that Bernanke may have raise Interest Rates which will give a short term boost to the Dollar; but long term there isd only one direction down. Oil until end of summer will trade in a range (barring any unforseen news) between $60 and $75-$80. At end of August look for new push higher back over $100 at the minimum.

Time for my favorite Gold, they are trying to push it down one more time again, especially since the summer, thin traded market, and before the CFTC actually brings in posistion limits in Commodities trading. I am still calling for $1250 Gold by the end of the year, with $25 Silver, Platinum around $1800 -$2000. Take Delivery on any bullion you purchase especially off of COMEX. Good Investing! -jschulmansr

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– Trend Analysis Revealed –

Substantial moves like the ones that we have recently witnessed present opportunities to succeed or fail in the markets. Traders who stayed on the correct side of the trend were rewarded substantially.

Serious questions effecting your portfolio still remain:

– Have we seen the Indexes bottom or top?
– Is a reversal in the near future?
– Is it too late to go short?

Stay on the correct side of the market. Let our Trade Triangle technology work for you. It’s free, It’s informative, It’s on the money.

Free Instant Analysis delivered to your email inbox. Analyze ANY Stock, Futures, or Forex symbol.

Click Here For Your Free Analysis

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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

Sell in May and Go Away? I almost Did!

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Yes, I almost did! However things are just getting too interesting. Unemployment up again and the market (DJI) is trying to rally, currently up 52 points! Unbelievable, when will reality sink in. We are stuck in a recession and the other “shoe” hasn’t even dropped yet. Don’t be fooled by this “suckers” rally! I hope you took out most of your profits on your non-resource related stocks, especially financials. I still stand by my claim we will see the (DJI) test 6500 again before we ever get to even 9000!

If you are into Forex here is a “gimme” Buy USD/RUB. My reason is simple, traders are starting to panic as Russia’s situation is growing worse. The world bank and the IMF have both stated the Russian economy is and will be stuck in recession for many years to come. As the traders unwind out of the Ruble they will go into US dollars. Don’t get me wrong I think the Dollar will continue to fall as the Fed and Bernanke are running out of ways to keep propping it up. I just think the Ruble will drop faster. Disclosure Long

For Gold and Precious metals. We have a perfect head and shoulders formation in place. If we break back thru $955 I think we have confirmation that Gold is going to mount it’s next attack at $1000 despite continued manipulation to artificially hold it down. Take deliver is the new Rally cry! Let’s catch them with their shorts down! Sorry, no pun intended!. Disclosure Long (Bullion and Stocks) Precious Metals.

Next as promised, here is my hot stock tip! (NGLPF) Nevada Geothermal Power. I like this stock for several reasons, first it is still “undiscovered by the street. Second, it is in the Alternate (Green) Energy Industry; so an Obama “darling”. Plus, their first power generation plant is ahead of schedule and due to come online in October of this year. It is currently tading in the 60-70cent range. I am buying all the way up to a $1 dollar level. This is another “buy and forget. I think it has the potential to be a 10 “bagger”. As always due your due diligence and read  the prospectus before you ever invest. Disclosure Long

Finally, I receive no compensation for any stock I mention here, these are my own personal trades that I share from time to time. If I ever do start receiving compensation for reccomendations, I will disclose that immediately. Good Trading!- jschulmansr

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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

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

                                        – Trend Analysis Revealed –

Substantial moves like the ones that we have recently witnessed present opportunities to succeed or fail in the markets. Traders who stayed on the correct side of the trend were rewarded substantially.

Serious questions effecting your portfolio still remain:

– Have we seen the Indexes bottom or top?
– Is a reversal in the near future?
– Is it too late to go short?

Stay on the correct side of the market. Let our Trade Triangle technology work for you. It’s free, It’s informative, It’s on the money.

Free Instant Analysis delivered to your email inbox. Analyze ANY Stock, Futures, or Forex symbol.

Click Here For Your Free Analysis

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

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

Time to Take Delivery! Do it Fast…

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

My fellow Investors, lately I have been hearing rumors going round about how many so called “safe warehouse’s bullion depositories” are about to be or are in process of being audited. Exactly, to find out if they have all the Gold and Silver they are supposed to be holding for investors. I just received confirmation from a very reliable source today – Jim Sinclair himself! If there is anything even slightly amiss, a panic will ensue for sure. So in order to protect myself and you my readers, I am recommending that you take delivery now and immediately. Yes, even from “Comex approved” warehouses.  I will include below the missive I received from Jim Sinclair today.  Ps- One other thing this will help accomplish aside from the most important fact of self/wealth preservation, it will definitely cause a “short squeeze” in the Gold and Silver markets and catch the big 3 banks with their shorts down! (okay pun intended! LOL!).

Now for the markets, the (DJI) is right back where we were a few days ago. 8750 (DJI) is still the key with upward resistance the big 9000 and support at 8500. I hope you followed my advice and took out most of your profits. You will never get hurt taking profits and remember you can always jump back in if you pulled the profit trigger a little early. Ps- today’s action looked awfully like a key reversal and the start of the next down leg. Remember, Treasury yields are going higher, Russia, China, and Brazil have all announced they are selling US Treasuries for IMF Bonds. The Fed can only keep buying Treasuries with the help of the printing press. How inflationary will that be? Otherwise, they have to let the US Dollar crash, in fact I think they are going to do both until it is too late…

Gold and Silver have been both inching slowly upward after the correction caused by the big 3 banks and their huge short positions. Everyone please write the CFTC and every other regulatory agency to investigate and stop the blatant price manipulation occuring in the Gold and Silver Markets. For More Info of Gold Manipulation go to www.gata.org.

Keep accumulating –  especially in Silver and Gold producers. I’ll have another sweet pick for you in a few days. Speaking of sweet picks did you see what happened with West Timmins Mining (WTMNF)? Hope you took advantage of my pick when I mentioned it here. Until the next time- Good Investing! – Jschulmansr

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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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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

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

Here is what I received from Jim Sinclaire of JSMineset.com today…

“Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. “Stand and Deliver or Go Home” should be the rallying cry of the gold longs to the paper gold shorts.” –Trader Dan Norcini

Dear Comrades In Golden Arms, You know that information that comes to me has been reliable. You also know that the entire purpose of all of working here at JSMineset has been to get you through this safely. You also know that if we had not been here hundreds of thousands of people now holding gold would not be.   So please pay attention to the following.   I have heard rumors for some time, but today it was confirmed to me, that the Canadian mint’s present problems are not unique and that other depositories (vaults) have had an army of auditors descend on them in the last two weeks. Some of these depositories have names so famous that it would scare the hell out of you. The repercussions would be drastic if they turn out to be troubled.   Why take the risk?   I suggest to you now that you take delivery of all gold held in vaults and depositories on your behalf, but this time even from the most prestigious.   You can get delivery via armoured car service to your bank and utilize safe depository, spread over a few banks. You can insure your safe depository if you do not mind making your holdings public.   I believe that this recommendation is warranted, but also it will be the financial saviour of many.   Respectfully yours, Jim

 

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The Gold, Silver, Oil & Natural Gas Report- Gold and Oil Guy

By: Chris Vermeulen of The Gold and Oil Guy.Com

The Gold, Silver, Oil & Nat Gas

Report

With so much happening in the market, emotions flying high and from being blinded by fear and greed many investors are wondering What do I do now?

I have put together some of my trading charts to help keep the overall picture clear for us commodity traders. My approach is very simple and effective when proper trading/money management is applied. FEAR and GREED are the two most powerful forces in trading and if you cannot stomach your trades when they go south, you most likely are trading to large of a position for your account size. Ok, I will try to stay on topic and not get into the education side of things J

The US dollar has had a massive rally considering the United States is in serious trouble. My thoughts are investors bought the USD as the entire planet started to crack thinking it was a smart investment. Which is could be a great play for the long term but I plan on covering that next week with monthly chart analysis for all these commodities.

I have heard a few analysts on CNBC say the US Dollar has broken its down trend. The question I am wondering is: What time frame are they looking at? The daily chart looks strong but if you zoom out and look at the weekly or monthly chart, we have not even made a higher high yet. Everyone sees the market differently that’s for sure.

The US Dollar – Head & Shoulders, Knees then ToesThis chart shows a perfect head and shoulders pattern which made a text book breakout. To keep this report short and to the point, the USD is at support and I expect we will see a rally higher to the 84 – 88 levels which would complete a larger head and shoulders pattern on the monthly chart. A breakdown from the monthly head and shoulders would most likely start the next major leg lower. The USD could rise here, thus pull the price of gold and silver down temporarily and that is why I have locked in some profits on these commodities.

 

 

The Price of Gold – Daily GLD Fund

Gold is currently pulling back from resistance and in my opinion forming the right shoulder which will complete this reverse head and shoulder pattern. Last week I took some profit on my gold position and currently hold a core position hoping prices will hold at my next support trend line. If prices breach that level ($91) then I will exit the balance of my position and wait for the next low risk setup.

 

The Price of Silver – Daily SLV Fund
Silver is in the same position as gold. I am expecting a pullback for a re-entry.

 

The Price of Oil – Daily USO Fund
Oil has been on the run since May. Oil had a near perfect breakout/buy signal (Risk was over my 3% risk setup) but many traders took advantage of this signal and are now experiencing massive gains. Tighten stops to lock in some profits and let the rest ride until the next support trend line is breached which will provide more wiggle room for oil to take a breather before moving higher again.

 

The Price of Natural Gas – Daily UNG Fund
Last week I provided the weekly charts with analysis of all these funds. UNG was the one that really looked exciting. On the weekly charts its very similar if not identical looking to the price action that oil had before it sky rocketing. This chart looks like a spring coiling tightly and getting ready to explode. Only time will tell but keep it on your trading platform!

 Trading Conclusion for Gold, Silver, Oil & Nat Gas

In short, the US Dollar is trading at support and could be starting a nice rally to form the second shoulder which can be seen on the monthly chart. If this happens I expect gold and silver will have some selling pressure.

Oil continues to rally and short term traders should be thinking about tightening their stops to lock in some gains on the first sign of a reversal.

Natural Gas looks locked and loaded for a big bang. I’m waiting for my signature setup before jumping onboard as it helps improve the odds of the trade going in my direction after I enter a position.

If you would like to receive these free trading reports or my trading signals please visit this link: Free Weekly Trading Reports – Click Here

If you have any questions please feel free to send me an email. My passion is to help others and for us all to make money together with little down side risk.

To Your Financial Success,
Chris Vermeulen
The Gold and Oil Guy

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

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

Shock and Awe! – Doug Casey

Tags

Bailout News, Bollinger Bands Saudi Arabia, Brian Tang, China, Comex, commodities, Copper, Currencies, currency, Dennis Gartman, dollar denominated, dollar denominated investments, Doug Casey, Federal Deficit, Forex, futures, futures markets, gata, GDX, GLD, gold miners, hard assets, hyper-inflation, India, investments, Jeffrey Nichols, Jim Rogers, Keith Fitz-Gerald, majors, Marc Faber, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, small caps, sovereign, spot, spot price, stagflation, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Late Breaking: I came across this from the Contrarian Master Himself- Mr. Doug Casey. Here is his take for 2009 a must read for investors- especially Gold Bugs! Enjoy and Good Investing! – jschulmansr

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Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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2009: Another Year of Shock and Awe – Seeking Alpha

By: Jeff Clark of Casey Research

 

In their annual forecast edition, the editors of BIG GOLD asked Casey Research Chairman and contrarian investor Doug Casey to provide his predictions and thoughts on issues everyone’s thinking about these days. Read what he has to say on the economy, deficits, inflation, and gold…

 

 

The $1.1 Trillion Budget Deficit

My reaction is that the people in the government are totally out of control. A poker player would say the government is “on tilt,” placing wild, desperate bets in the hope of getting rescued by good luck.

 

 

The things they’re doing are not only unproductive, they’re the exact opposite of what should be done. The country got into this mess by living beyond its means for more than a generation. That’s the message from the debt that’s burdening so many individuals; debt is proof that you’re living above your means. The solution is for people to significantly reduce their standard of living for a while and start building capital. That’s what saving is about, producing more than you consume. The government creating funny money – money out of nothing – doesn’t fix anything. All it does is prolong the problem and make it worse by destroying the currency.

Over several generations, huge distortions and misallocations of capital have been cranked into the economy, inviting levels of consumption that are unsustainable. In fact, Americans refer to themselves as consumers. That’s degrading and ridiculous. You should be first and foremost a producer, and a consumer only as a consequence.

In any event, the government is going to destroy the currency, which will be a mega-disaster. And they’re making the depression worse by holding interest rates at artificially low levels, which discourages savings – the exact opposite of what’s needed. They’re trying to prop up a bankrupt system. And, at this point, it’s not just economically bankrupt, but morally and intellectually bankrupt. What they should be doing is recognize that they’re bankrupt and then start rebuilding. But they’re not, so it’s going to be a disaster.

The U.S. Economy in 2009

My patented answer, when asked what it will be like, is that this is going to be so bad, it will be worse than even I think it’s going to be. I think all the surprises are going to be on the downside; don’t expect friendly aliens to land on the roof of the White House and present the government with a magic solution. We’re still very early in this thing. It’s not going to just blow away like other post-war recessions. One reason that it’s going to get worse is that the biggest shoe has yet to drop… interest rates are now at all-time lows, and the bond market is much, much bigger than the stock market. What’s inevitable is much higher interest rates. And when they go up, that will be the final nail in the coffins of the stock and real estate markets, and it will wipe out a huge amount of capital in the bond market. And higher interest rates will bring on more bankruptcies.

The bankruptcies will be painful, but a good thing, incidentally. We can’t hope to see the bottom until interest rates go high enough to encourage people to save. The way you become wealthy is by producing more than you consume, not consuming more than you produce.

Deflation vs. Inflation

First of all, deflation is a good thing. Its bad reputation is just one of the serious misunderstandings that most people have. In deflation, your money becomes worth more every year. It’s a good thing because it encourages people to save, it encourages thrift. I’m all for deflation. The current episode of necessary and beneficial deflation will, however, be cut short because Bernanke, as he’s so eloquently pointed out, has a printing press and will use it to create as many dollars as needed.

So at this point I would start preparing for inflation, and I wouldn’t worry too much about deflation. The only question is the timing.

It’s too early to buy real estate right now, although a fixed-rate mortgage could go a long way toward offsetting bad timing. It would let you make your money on the depreciation of the mortgage, as opposed to the appreciation of the asset. Still, I wouldn’t touch housing with a 10-foot pole – there’s been immense overbuilding, immense inventory. And people forget: a house isn’t an investment, it’s a consumer good. It’s like a toothbrush, suit of clothes, or a car; it just lasts a little bit longer. An investment – say, a factory – can create new wealth. Houses are strictly expense items. Forget about buying the things for the unpaid mortgage; before this is over, you’ll buy them for back taxes. But then you’ll have to figure out how to pay the utilities and maintenance. The housing bear market has a long way to run.

The U.S. Dollar and the Day of Reckoning

It’s very hard to predict the timing on these things. The financial markets and the economy itself are going up and down like an elevator with a lunatic at the controls. My feeling is that the fate of the dollar is sealed. People forget that there are 6 or 8 trillion dollars – who knows how many – outside of the United States, and they’re hot potatoes. Foreigners are going to recognize that the dollar is an unbacked smiley-face token of a bankrupt government. My advice is to get out of dollars. In fact, take advantage of the ultra-low interest rates; borrow as many dollars as you can long-term and at a fixed rate and put the money into something tangible, because the dollar is going to reach its intrinsic value.

The Recession

This isn’t a recession, it’s a depression. A depression is a period when most people’s standard of living falls significantly. It can also be defined as a time when distortions and misallocations of capital are liquidated, as well as a time when the business cycle climaxes. We don’t have time here, unfortunately, to explore all that in detail. But this is the real thing. And it’s going to drag on much longer than most people think. It will be called the Greater Depression, and it’s likely the most serious thing to happen to the country since its founding. And not just from an economic point of view, but political, sociological, and military.

For a number of reasons, wars usually occur in tough economic times. Governments always like to find foreigners to blame for their problems, and that includes other countries blaming the U.S. In the end, I wouldn’t be surprised to see violence, tax revolt, or even parts of the country trying to secede. I don’t think I can adequately emphasize how serious this thing is likely to get. Nothing is certain, but it seems to me the odds are very, very high for an absolutely world-class disaster.

Gold’s Performance in 2008

The big surprise to me is how low gold is right now. It’s well known that even if we use the government’s statistics, gold would have to reach $2,500 an ounce to match its 1980 high. I don’t necessarily buy the theories that the government and some bullion banks are suppressing the price of gold. Of course, with everything else going on, the last thing the powers-that-be want is a stampede into gold. That would be the equivalent of shooting a gun in a crowded theater; it could set off a real panic. But at the same time, I don’t see how they can effectively suppress the price. Either way, the good news is that gold is about the cheapest thing out there. Remember, it’s the only financial asset that’s not simultaneously someone else’s liability. So I would take advantage of today’s price and buy more gold. I know I’m doing just that.

Gold Volatility

Gold will remain volatile but trend upward. I don’t pay attention to daily fluctuations, which can be caused by any number of trivial things. Gold is going to the moon in the next couple of years.

Gold Stocks

Last year, it seemed to me that we were still climbing the Wall of Worry and that the next stage would be the Mania. But what I failed to read was the public’s indirect involvement through the $2 trillion in hedge funds. On top of that, while the prices of gold stocks weren’t that high, the number of shares out and the number of companies were increasing dramatically. Finally, the costs of mining and exploration rose immensely, which limited their profitability.

The good news is that relative to the price of gold, gold stocks are at their cheapest level in history. I still have my gold stocks and the fact is, I’m buying more. I’m not selling, because I think we’re starting another bull market. And this one is going to be much steeper and much quicker than the last one. I’m not a perma-bull on any asset class, but in this case I’m forced to go into the gold stocks. They’re the cheapest asset class out there, and the one with the highest potential.
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Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

 

 

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Enjoy and Good Investing – jschulmansr

 

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, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investments. –  jschulmansr

 

 

As A Man Thinketh …

As A Man Thinketh – So He Is!

What are your thoughts today? Happy, Sad, Frustrated, Positve, Excited. whatever are
your main thoughts will determine how your day goes. Are you looking to accomplish your dream? What are your thoughts about your dream? Can you see yourself accomplishing and living your dream, do you have your success movie as your main thought? Or do you see yourself saying that will never happen, I can’t see myself there… If your thoughts are centered
on your dreams and accomplishing great success, a funny thing happens. Your subconcious actually starts working in your favor to help you accomplish what you are thinking. If you repeat
over and over the more “things and events” just seem to happen to help you succeed! After a while the whole universe will start to conspire to help you! Here is a book I highly recommend:
The New Psycho-Cybernetics by Dr. Maxwell Maltz and Dan Kennedy, and the companion workbook The Magic Power Of Self Image Psychology by Dr. Maxwell Maltz.

You can order them thru my Amazon Bookstore: http://astore.amazon.com/jie-20/detail/0735202850/104-4231534-8747107

If you apply the principles I guarantee they will change your life forever!

One more book I recommend to go hand in hand in helping you to change your life and
break free from mediocracy and succeed beyond your greatest dreams. The book is
Simpleology by Mark Joyner a good friend of mine. You can also get that thru my
Amazon Bookstore: http://astore.amazon.com/jie-20/detail/0470095229/104-4231534-8747107

ps- Mark is giving away great gifts for ordering his book too, go to this site:
http://www.FreeWebCockpit.com

Remember: DARE SOMETHING WORTHY TODAY!