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TRADER TRACKS ROGER, COVER YOUR TRACKS AL, ROAD AND TRACKS OVER THE BARROL
HELLO ALL YOU LOVELY PEOPLE……….I would like to wish you all a very happy & unsober PADDYS DAY….May all your LEPRECHAUNS be little ones……or should that be troubles..ah who cares, Don’t panic if you don’t hear from me for about 3 weeks, as that’s roughly how long it takes me to sober up after my get together with the little people, stop sniggering at the back…..they do exist…so in my absence you JERRY are in charge of the class…….Watch out for that JOHN W MR C…That Al fella. & the rest of the brats who speak out of turn……..The cane man……USE THE CANE.
Watch out for that John W??
I completely resemble that remark.
Well, OK Mr. Irish, As long as we know where you are and that you’re OK, I guess Jerry can let you go that long, but we’ll be expecting you to have an update on the PADDY DAY holiday. If you get wind of anything big happening over there, you’ll have to end the celebration early and give us a heads up. Best to you and all the little people.
Common Mr. C,
Do not patronize this guy!
Sorry Big Al, i don’t know what came over me. I’ll go to my corner now…..
I will attempt to channel you and thus keep you completely sober! However, do not attempt to do that to me.
Big Al and TraderRog and website commentators,
I’m starting to think that our government and mass media will try to spin gold as a loosing investment and that people should invest in the DOW or S&P. For one thing the election is looming. If Isreal does wait for action until after the election, that would contribute to their plan. With a lot of cash sitting on the sidelines, and with 2 or 3 months of positive (spinned) economic news – many investors may return to the market. Even though the statistics are skewed and flawed. Most investors and banks still go by those stats. Gold might not break out until after the Nov. elections. We’ll have to see.
James C, I agree, and some former pro-gold people are saying that dividend-stocks are beginning to look good and gold will consolidate. The gold dealers are still promoting, but how do we know that they are not just selling their book? I have become very cautious of late.
You know, James C., you might very well be right…
Well, if all of you were wondering where gold is going to next. You can stop wondering. This just out. This could be a VERY frightening situation.
Hopefully it is all just posturing, but with the third U.S. aircraft carrier on its way to the Strait of Hormuz, it sure makes one nervous. Brent spiked over 126 and WTI spiked over 107.
Thanks for the article Mark. CNN ought to get around to reporting it next month.
Note that the 8-to-6 was according to an estimate of how many Security Cabinet ministers supported Netanyahu’s position, so it’s hard to say how fast action may happen. Confirming that Israel would take action without the support of Obama is like saying the sun will come up tomorrow whether one sleeps in or not.
I’ve been watching that Stratfor map of task groups. The Enterprise CVN65 is replacing a CVN presence that returned last month. Still, 3 carriers conducting ‘routine maritime operations’ in the Persian Gulf area sounds like quite a concentration, Afghanistan and Iraq wind-down notwithstanding. We could indeed wake-up any morning to some important news.
Yep. For now, it sounds a little like saber rattling but also like planting a bug to get Mr. O and his cronies to act. With the recent election out of Iran finally complete and an even MORE conservative leader soon to be in charge….Israel might not want to wait.
have a great weekend!
Oh yeah, I think this is all one big trial balloon. We’ve been seeing prominent press conferences from Obama the last month on the topic, and articles like this on what Israel is ready to do, etc. etc. We’re being conditioned for it.
One thing to consider. If you remember the ‘de-capitation strike’ that kicked-off Iraq in 2003, the market rallied hard that day, and a powerful uptrend resulted for several months. I’m not saying it has to happen that way again, but after the economic malaise of 2000-2002, the sabre-rattling of that time, and when Hussein didn’t detonate any nuke, the market just piled-on. Maybe expectations of the M-I complex boost, I don’t know. Just something to think about.
Have a great weekend yourself!
I have no doubt that we will probably see a few more months (or at least until May) of upward to sideways market movement. But I just can’t shake that the market could start grinding down after the election. Who knows, with all the money printed, I can see how the market could inflate higher. But also, if all this debt needs to be paid – and we know it can’t – then stocks and EVERY type of investment will get sold off to raise money to pay this debt. No way some governments are willing to forgive debt…no way.
Short-term the precious metals should drift lower—they’re forming the inverted head/shoulders. Hopefully, the precious metals will see their low for the year in the next 2-3 weeks. The stockmarket is now looking very vulnerable with companies that are struggling coming out with pre-announcements of earnings in the next couple of weeks. There’s a good chance the stock markets should start moving down with the precious metals. However, the precious metals shouldn’t move down as much. The other possibility is a decent move up in the next 2 weeks for precious metals with the stock market moving sideways. There are some mining stocks that appear to want to move lower and I’m salivating at the chance to purchase them at cheaper prices.
love the show big Al…had stayed away from gold/silver; fortunate again..on the right side of the trade…more choices and selection..stayed oils and made marginal profits in ithaca energy and awaiting possible take out..all I can say now is to observe but feel the negative sentiment in PM…can’t explain why PM can’t get no res[pect…just gaming
good luck and steadfastness to us all
Why aren’t you just long on gold and silver? THAT, my friend, is the right side of the trade! If you can “weave and bob” through all the rhetoric and lies and make “money” AND keep your sanity – you are much more clever than I would ever hope to be.
All the best,
You know every once in a while I feel it is more appropriate to make a general comment and this is one of those times.
All of you, these are great comments and I particularly appreciate the heads up regarding the Middle East.
Hello Big Al,
I could not agree with you more! We’ve got a wonderful bunch of bloggers. By the way, where is Matthew? Haven’t heard from him for a few days, unless I missed it.
Hey James and Bobby…I agree fully with you guys..GOLD and SILVER aren’t moivng until after The Elections…and after the Elections happen…who knows what’s next.
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