suriNotes,
your charts are totally wrong. you are using "back-adjusted" concatenation when you need to use a perpetual series to get a sense for actual moves. Sugar never got any higher than 19.70 in 2006.
Regards,
Austin
huge chunck of that bailout figure is "committed" capital, not actual cash paid-out. probably less than 20% has been paid. This is a non-trivial point. But, I agree the situation is dire.
jeb9999, thanks for posting the fact that there is no shortage of physical gold (or silver for that matter). I have to explain this to the idiots in my office every day. The shortage is only for retail small timers who are looking to buy a few coins.
I don't watch the dollar index but I have a target of parity (1:1) for the dollar/pound and the dollar/euro. I'm more of a fundamental trader though, so I'm probably at odds with most people on ET.
Agree, funny pics BLSH...but please, just make sure you're long the USD in your personal account so that you don't lose money in the coming months. You are welcome my friend!
Market's crazy movement doesn't indicate a top in gold. But...inflation is NOWHERE in sight with the output gap we have and the lack of any wage pressure on the horizon. Gold and silver are finished for the intermediate term. Long-term is another question of course.
$600 gold would be nice...perfect point to scoop up as much as possible for an investment. I also note that there is major long-term trend line support around there.
Don't worry everyone, gold has very strong long-term trendline support at around 580...which will be a great place to re-stock for the long-term move upward.
Austin
I talk to PIMCO PMs on a regular basis at work. They own huge amounts of "circle of trust" financial preferreds in their portfolios. Interestingly, they are no longer adding to these positions (which they were mouthing off about just a couple of months ago), and are now underweight financials...