Search results

It means that you've totally missed my point. Yes, they're always buying and selling. The point was that they are now buying less than they were before relative to their selling. You claim your anecdotal experience vis a vis the Cash 4 Gold shops is different than mine. Fine. But I stand by...

Yep, the contrarian flags are getting bigger and bigger. In fact, everyone is so bearish on the Dollar that I've started shorting the EUR/USD futures.

I get how it works just fine, thanks. And the recent lack of advertising and hype from these businesses compared to the levels of advertising and hype when gold was sub-1000 is an additional contrarian indicator, suggesting that the cash for gold outfits are currently scaling back on their...

Looks like CME is still getting their shit together with closing down the NYMEX site. Probably best to get the info directly from your broker. I know IB (which I use) has the margin requirements posted on their site, although your broker may vary...

NEM and AU are a couple to start. Both are examples of miners that are still trading at levels they did when gold was at 400. You can also look at GDX, a basket of gold miners, which is still trading at a discount to the level it did last year when gold made its previous all time high. You...

In the long term you are absolutely correct. But as much money is currently being printed or borrowed by the government and Fed right now, it is not truly inflationary yet, because it is being sucked up by the strong deflationary forces that still persist in the economy and will likely do so...

Yep. Some large cap miners are still trading at levels they were when gold was around 400. Something's gotta give.

Whichever one holds, LOL! Seriously, if I had to hazard a guess I'd say the 950-1000 area is stronger than the 1100 level, especially with all the recent amateur and public attention focusing on gold recently. It won't take much for the general public and amateurs to really start piling in to...

Clearly there is heavy emotional resistance at the 1100 level. If it can't take it out I'd expect a substantial correction. If it can, look for amateurs and latecomers to pile in and give it one last frenzied push higher possibly to 1150 or 1200. Either way, I don't see the current rally...

Or www.apmex.com

Well, first it's important to understand that most people mistakenly think gold is a hedge against just inflation, but in fact it is also a hedge against financial uncertainty, which is why it held up relatively well during last year's collapse for most other commodities. Right now, gold is...

If I had to guess, for this cycle I'd say maybe $1300-1500. The really big fireworks I'll be looking for in a couple years. It's very possible, particularly if it continues to rally while silver and mining shares continue to underperform. That would be a huge red flag indicating an...

I'll go ahead and say yes, once the deflationary forces currently building come to the forefront again over the next couple years. I'd guess there's a solid floor somewhere around the $875 area, and that's where I'd start buying again after I've sold my current positions. For what it's...

Well, I've been long gold since 2001, so...:D However, I find that silver and mining shares' underperformances relative to gold to this point are divergences that are telling us something important. If silver and mining shares don't catch up soon, I'm going to take it as a negative contrary...

Indeed, the boat is tipping heavily to one side with regard to sentiment. As a contrarian that's a huge signal for me. I may start establishing a ladder of shorts on the S&P and the EUR over the next few weeks...

Yep, bubbles eat resistances for breakfast, and we are firmly back into another bubble in equities. Technicals in this environment in particular are meaningless. Therefore, IMO there are only two reasonable ways to play the inevitable bursting of the bubble. One is to wait for the price...

Nah, they can't do that on an indefinite loop, we're in the end stages, which is why we're seeing a parabolic move in the national debt, and we know how every parabolic bubble move ends--with a collapse. The only question that remains is how long and how far the bubble will go before it collapses.

If you truly understood how economics worked, you'd know that it's impossible for the Fed and government to continue on the path they're on for "decades". Market forces will see to that.

Of course, the question is if there are more of those folks than there are of the brainwashed sheep who said "see honey, Cramer told us it would come back, and it did. Everything's fine now!" Who knows? Ultimately we're in no man's land here. We could just as easily be near the top here as...

And once again, another perfect example of why calling price tops and bottoms is for kids.