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...
Don't worry about the ratings ByLoSellHi; just keep posting. I don't always agree with you but generally find that you post good stuff and are respectful unlike half of the jackasses on ET
Agree with Cutten. Treasuries are one of the few assets that are undervalued right now. When the yield on the 30 year hits 1.5%, then it's a potential short. Right now the output gap is massive and inflation is years away...
Well, it sounds like we may all agree, just with different timeframes. I'm holding my short with a 1-2 month horizon, but am longer-term bullish on both gold and silver.
bwolinsky,
I'm sure Anaconda meant wages in REAL terms. Plus inflation as represented by BLS and other gov't agencies is bullshit; go to shadowstats.com.