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Psychological Mishaps Abound

Trader Rog
August 20, 2012

 

Anti-Gold Minions Are Messing With Your Head.

Ninety percent of the herd remains stuck in the old paradigms and phony numbers. This trash is fed to the Sheeple daily to keep deliberate nonsense in play.  Stories and essays continue to pour out using meaningless stats to prove a point that is totally irrelevant.

Look hard at fundamentals and use technicals to discover accurate cycles and timing for trading and investing.  If you begin a discussion with a grand set of phony facts based upon Big Boy Banker’s and Politician’s Drool, you can never even get close to an accurate answer.

In this discussion, we suggest some common sense ideas to discover clear-cut answers. When a banker or politician with an agenda (and that’s most of ‘em), offers some grand new idea, take the other side of the trade.  It’s especially important to be a contrarian when there is no reason for someone offering some strident opinion. Shakespeare told us, “The lady doth protest too much – methinks.”  Applied here, you can see that some wise guy is planting fictional news to promote his agenda and most probably its nonsense, or the opposite of reality.

The largest packs of lies we can report are: determination of unemployment, joblessness factoids, and the reasons why we are where we are. Here is some interesting stuff to consider…

It has been reported that the US work force is normally about 185,000,000 people with a typically standard unemployed number at 5%.  That is supposed to be the norm. Okay; now consider that the official numbers of folks on US Government food stamps is near 47,000,000.  Yet, one often touted and reported “official” number of jobless people is 15,170,000 unemployed.  Explain how those numbers correlate.  It seems more likely that those 47,000,000 getting food aid are either underemployed, or unemployed.

Even if you cut the 47,000,000 in half and say 23,500,000 are jobless, that is a far cry from 15,170,000.  Our colleague at Shadowstats.com, John Williams, is reporting a realistic jobless number between 22.5% and 23%.  John worked on this stuff for years in Washington and he knows what he is talking about. He is highly respected in our industry.

If we take 23% X 185,000,000 we get 42,550,000 people who are not working (or are underemployed to the extent they need food stamps and other kinds of aid from friends and family).  That much larger number makes more sense when you count the food stamps statistics. Some may say we aren’t the sharpest knives in the drawer, but 42 Million is not even close to 15,000,000!  See what we’re saying here?

Other examples relate to daily trading in rigged stock and bond markets throughout the world.

One pile of “barnyard stuff” that was promulgated by the treacherous bankers was the recent LIBOR scandal. Some say this cost the lending community a cool trillion dollars.  One foreign bank just paid a fine on this mess for about $340,000,000 with no criminal proceedings attached.  A nasty howl of protest ensued as it was felt they got a slap on the wrist and were allowed to just walk away from a really heinous crime.  The fine was probably paid with stolen taxpayer funds to boot.

NOW what have these treacherous idiots dumped on the gold community?

Here are some falsehoods we regularly see spouted all over the Internet, posted by international media of all stripes and most particularly from the financial community in New York, or by Washington politicians.

The current polls are probably the worst nest of snakes to hit D.C. in years.  The man and woman in the street know this and are totally turned-off on voting and election process participation.  We say, don’t do that.  Get out there and vote even if you think your one vote has no power and is meaningless.  If you don’t vote you better not complain about these turkeys.

Before we list gold stuff, here is a very important point: when you criticize an analyst or someone offering an opinion on market direction in precious metals, please state whether you mean one day, a few days, a few weeks, a few months, or decades. This really matters-please!

We have seen some very influential and bright guys get slammed unfairly because some dope reading his work did not pay attention to the timing cycle.  This happens every day. Pay attention.  Those of us that do this work are not perfect. We cannot call tops and bottoms.  I’ve done it about three times in many years, and can assure you it was just an accident that lined-up perfectly because our technical math worked out well.

Rather, we like to do good forecasting work based upon the best fundamental and technical analysis we can find.  If you are trading and investing and your game is on the primary trend, either up or down, you win. Top and bottom calling is a fool’s game.  Don’t do it.  Go for a slice in the middle staying on trend and forget pivot points trying to maximize a trade.

Some other fictitious numbers we must work with include the GDP report. This is very important, so they always tell us it’s growing at +1-3%, usually with the happy middle being the number of the day at +2%.  Heres some news folks: we see USA GDP sliding badly along with similar accidents in the process.  We say the US is -1.5% to -2% and that is Greater Depression II territory.

Some are saying with an unmitigated flash of brilliance that we might be in a recession.  Wow!  No kidding.  In our view, with joblessness at 25% and rising, we are there baby, and it’s going to get a whole lot worse. 

This blundering herd of dolts, with their wild printing of bonds and currencies, are going to get a hard lesson in blasted bonds and inflation followed by hyperinflation.

We say, good!  Get it over with, as their cure is no cure at all but rather consists of extend and pretend, stretching out the pain of millions to promote their crooked game.

The beautiful irony of the ending is something ya just gotta love! The mountain of crappy paper they produced for all their phony credit and cash designed to keep this game in play goes toxic and becomes worthless.  The very mess they produced will take them down, as they are the largest holders of these so-called crummy assets. How is that for divine justice?

Instead of ruling the world with one government and one currency these crooks are going up in credit-currency flames done in by their own nefarious plans.  Further, with hundreds of millions of very unhappy people in the streets, would you want to be a banker or politician?  Is good old USA western justice on the way?  We hope people stay sane and use the courts.  However, this is not what the history books tell us.  We’re not going to the movies for entertainment.  It’s much more fun watching to see how this adventure plays out.  Methinks it’s coming in Q4 2012, or Q1 2013. Fasten your seat belts.

Good Traders and Investors Know Emotional Control is Paramount.

Gold has proven itself to be the ultimate asset for thousands of years. In times of trouble and depression, all people accept gold, as it has intrinsic value and holds no counterparty risk.  Yes, it is not the perfect daily trading currency, however, if you could hold $100,000 in USA or Canadian gold coins, or $100,000 in USA paper dollars, which would you prefer?

Conditions are so scary-rotten out there that gold and silver will be the ultimate go-to assets for retention of value, increase in value and hold the ability to be accepted by all, anywhere in the world.  Just this past week, two of the largest traders in the world came back into the gold market and they are heavy; as in billionaires.  They did not make their money being stupid. They are very astute and canny traders and vote with a huge purse.

Big Pharma Has Damaged Millions of Kids Who Are Now Adults.

This fact is not difficult to figure out. We have thousands of kids who were put on drugs by parents/teachers/doctors to calm them down. We have been fed a steady injection of lies that our offspring have “disorders” that must be treated with drugs, when in reality they just need a good spanking.  However, since the drooling PC idiots passed rules where kids cannot be disciplined or you go to jail, we’ve grown two or three generations of nutcase kids; now adults and doing naughty, deranged stuff… possibly and probably related to the side-effects of Big Pharma’s newest “miracle pill” – take a look for yourself: the list of precautions, dangers and side effects is in type-font 8 and takes up two pages to every one of the seller’s advertising pieces.

Believe it or not we think the observation of all these messed up minds has indeed altered the social graces and intelligence of supposedly normal adults.  They have no clue as to what is real and what is unreal. Years ago a family relative told us that we’d see the mental asylums over-flow.  She was correct; but many of these victims are in jail as well as in the hospital and sadly, more are dumped into the streets of our nation.

How does this relate to trading and investing? We have to contend with weird markets, dishonest leaders and fund managers and a laundry list of other psychopaths we’ve discussed in previous essays and a good percentage of them are a product of Big Pharma’s antics.  This really can affect the markets and traders’ behavior.

Bloomberg reported last evening that the volume on the NYSE has been steadily dropping since 2007.  Yesterday, it was 450,000,000 when the daily turn is normally 1,700,000,000 averaged over prior years. Does this mean the stock market is dying?  We don’t think so but you have to wonder: what in the world is happening?

We say what is happening, is investors and traders are voting with their feet and getting out of the way as they particularly fear the 4th and following quarters.  Investors do not like unknown stuff and between New York activities and gaming the system (and the even worst kind in Washington DC), it just seems better to keep your powder dry and run with the money.

The Asians have been through these conditions for centuries. They are hard-core hard asset investors and buyers.  Gold is number one on their lists and they aren’t selling any. This week in Tokyo it was reported the younger generation is quickly turning to gold. This was unheard of in past years.

Likewise, Middle Easterners are all big gold buyers and holders. In India, where recession took hold, they cannot afford their normal 25% purchase of all annual global gold sales, but this does not mean they are not working on it.  Indians in India are smart gold buyers/traders and magnificent jewelry producers.  Women are often seen wearing their entire passbook savings account in gold jewelry.

In the US, smart folks are buying farmland, forest lands, investing in agricultural crops and most importantly buying gold, silver and items on lists related to daily needs.

The rough times we’ve seen over the past decade are not going to improve until bond-land cracks up and we can start over on page one. It’s coming, but those in charge are straining and wheezing in a legendary effort to promote their old games.  They are about out of credit bullets, so we can see the trail’s end.  We say, bring it on and get it over with as this is like water torture, and it is excruciating.

Rules For Trading and Investing in Hard Assets:

  • Buy something that is easily sold to others.
  • Buy something that has growing value.
  • Buy gold and silver from major nations recognized by all throughout the world.
  • Keep your mouth shut regarding your purchases.
  • Hide assets in non-obvious places.
  • Stay out of banks with gold and silver 100%.
  • Understand you can be ripped-off 100 different ways.
  • Don’t trust anybody (except your spouse).
  • Understand anything going through your computer is international news to everyone in the entire world.  Firewalls are a joke. Same thing in the paper mail systems.
  • Have a trading system that is proven and that works. Buying a few silver dollars each month is good trading system. Same thing for gold.
  • Stock your house with months of daily needs that won’t spoil. This will save on inflation, extra store trips, and covers your You Know What in an emergency.
  • Set your trading and investing plans in advance. If markets erupt, have a written plan with details on what to do next.
  • Making decisions under duress makes bad decision-making: don’t make decisions under duress (if you can help it).
  • All markets are balanced and even. The buyers and sellers are even.  We are just in the game to earn more than the others.
  • There are equal numbers of shares and futures bought and sold.
  • There is a buyer and a seller in each and every transaction.
  • If you are not capable to select shares, stocks, or trade futures, just buy coins and buy them steadily with a savings plan. Bank savings is a disaster. Buy from a good physical metal dealer and above all: take possession.

Keep your wits about you when others are losing theirs.  Big Pharma and the follow-on lawsuits for medical mistakes produce two giant money-making industries.  Drop out of that system, home-school your kids, go to college on the Internet, grow a garden, build your own business, live under your means, live a simple clean life and watch the disaster messes unfold… just don’t participate! – Traderrog

Roger Wiegand is the writer and editor of Trader Tracks Newsletter for gold, silver and energy traders.  Roger provides recommendations for short and longer term traditional stock shares, futures and commodities trading with specifics for individual trades.  Listen to Traderrog reports and editorials on the Daily Market Close on the Korelin Economics Report website www.kereport.com.

Stay tuned for more of Traderrog’s insights and predictions via his exciting new daily audio subscription. Coming soon! Details at www.wavelengthpublishing.com

Discussion
53 Comments
    Aug 20, 2012 20:44 AM

    Once again ROGER, another great piece, keep it up ……Thank you.

    Aug 20, 2012 20:46 AM

    Well said Roger, only College Guys can call “Tops and Bottoms”.

    Tom
    Aug 20, 2012 20:07 AM

    Hi Trader RogI have a question for you. I’m in vested in four fidelity mutual funds, Select computers select biotechnology Buffalo technology science fund And one other. I’m up 15% on one 19% on another and about even on the third and fourth would you suggest selling these at this point and investing that money into gold and silver? Thanks Tom

    Aug 20, 2012 20:13 AM

    As I agree I found this pce to be excellent with every point.
    You make many points but of particular interest to me is that in your opinion even with money leaving the market dramaticaly you dont feel it is the end of the markets.

    Aug 20, 2012 20:14 AM

    Trader Rog,

    That was a magnificent piece that is full of sage advice and wisdom beyond your years. You have clearly made the difficult but necessary choice to break free of the dying paradigm and exploit whats left to your advantage as best as you can.

    One aspect you failed to mention that will have grave implications going forward is the deranged infantile political reality show that has consumed this nation and the world in general. A complete rebuke of the two party mafia system must be apart of the cleansing phase as we move deeper into the depressionary minefield and police state gulag.

    We as a nation, a species, a world must not allow in any way shape or form the same group of psychopaths and sociopaths to regain control of the agenda architecture after the reboot happens. But unfortunately that will be very difficult because people will fight to the death to maintain their vile personal illusion of normalcy and bias.

    And no where is that destructive decree more prevalent than in the theatrical buffoonery known as the theater of the politically absurd.

    Rog keep up the great work and contributions.

    Respectfully

    V

      Aug 20, 2012 20:51 PM

      Hi VORTEX…Great comment from you too,…..MAN…This is a great site. Thanks AL.

        Aug 20, 2012 20:14 PM

        Hi Tony, always great to hear from you my friend. It’s folks like you that me coming back.

        Stay safe and take care!

        V

    Aug 20, 2012 20:31 PM

    Breakout Monday! After a very quick and small take down gold quickly took back $1620, which has been the level giving it so much trouble. The range has been narrowing and now I am calling this the commencement of the breakout. Silver had a great day. From here until the end of the year it is going to be very interesting.

    Aug 20, 2012 20:33 PM

    Interesting indeed.
    My pondering lately has been “will it be more advantagous to short the dow/s&p
    or own mining shares” That is assuming the broker will return my cash.

      Aug 20, 2012 20:41 PM

      I’ve started to short the Chinese market and it won’t be long before I start to short the Russell 2000.

        Aug 20, 2012 20:00 PM

        Doc!

        Your timing is impeccable! I hit the HSI for a short yesterday. Nice to know I’m not alone. Also, have you seen the Australian Index? Not so good either. Showing doji stars on a lot of “leading stocks” today with the SPX showing some toppy formations. We’ll know very soon
        stay frosty

    Aug 20, 2012 20:39 PM

    The key resistance for gold is $1660.00. If gold can close on a weekly basis 2-3 times above $1660.00 the odds are that we are in for a run—not necessarily to new highs but certainly to challenge them. Why $1660.00? There are multiple resistances at this level. We would be closing over the 200 day MA, the upper Bollinger Band of the weekly MAs, and the 50 week MA. If we bounce off of these, we’ll still be in the tight band of trading. Also, we continue to move ever closer to the 200 week MA of the Dow/Gold ratio. This is possibly one of the best chances of breaking out in the next few weeks. If we don’t then we’ll be in for a longer slog but it’s only a matter of time now————-

      Aug 20, 2012 20:49 PM

      I might add that another resistance at this level is the downtrend line formed on the weekly charts drawn from the high in December to the high in March of this year. It’s ironic that you have all of these resistances at the same point and that’s why if we break through all of these the odds are powerfully in your favor of a move much higher. I might add that the downtrend line is part of a triangle that is coming close to fruition. This downtrend line along with triangle has much more significance than the small one TR previously felt was significant and thought would initiate a huge move.

        Aug 20, 2012 20:53 PM

        Another thought and then I’ll leave it alone. The momentum indicators are now in favor of a move higher and the strength indicator is neutral.

      Aug 20, 2012 20:54 PM

      HELLO RICHARD……..Me thinks, you & ROG would make a good team.

        Aug 20, 2012 20:00 PM

        That’s interesting, Tony, because Rog is much more short term and futures price point oriented and I’m more long term and major turning points oriented. He also is very fibonacci and Elliot wave oriented and I tend to look at MAs, bottoming and topping behaviors, momentum and strength indicators along with pennant (flag, triangle) patterns. I’m also very sensitive to Bollinger Band indicators.

          Aug 20, 2012 20:23 PM

          Hi RICHARD……That’s why i think you two would be good together, the fact you both use different methods. I believe You, & Rog would meet in the middle & come up with a more accurate forecast, i hope that makes sense.

            Aug 20, 2012 20:33 PM

            BTW….Perhaps AL could get You & Rog on together in one of his weekend sections…just an idea, i think it would make for an interesting listen.

    Aug 20, 2012 20:17 PM

    $1660, like a few others on the way up might have some resistance. But I am calling todays breach of $1620 the key resistance and the low for the remainder of the year.

      Aug 20, 2012 20:49 PM

      Doc, James, Irish, Vortex and all,
      Great, great input and thanks for all the feedback and thoughts!

      Aug 20, 2012 20:09 PM

      I wouldn’t put too much faith in that call, James. Although, things are looking better for gold, there is still a good chance that neither the FED (after Jackson Hole meeting) nor the ECB (after this weeks meetings) do any sort of QE. If that is the case, then, gold might drop back to $1600 and consolidate for a while longer. Things are looking good but I won’t be convinced until gold smashes through $1660 and holds above it with a weekly close above $1680. Time will tell
      stay frosty either way

        Aug 20, 2012 20:36 PM

        Mark, very prescient and “cautious”. I agree with you. I don’t think that the FED will do any type of QE in the near future. There’s no reason for them to act now. I believe one of the things that will drive them to act in the future will be a significant move down in the conventional markets.

          Aug 20, 2012 20:41 PM

          Howdy Doc! And the way things are shaping up, there is a lot of topping action going on, but it could also just be short term consolidation. Either way, the markets have diverged too far from the transports and with both trucking and railroad starting to rollover today, I think that we should start seeing some downside by next week, or after Labor Day. Either way, the bonds are also telling something.

            Aug 20, 2012 20:13 PM

            Interest rates on bonds look like they’re starting to reverse. The FED isn’t going to like that at all. It just feels like something big is going to give in the next few weeks—there are just too many moving parts now. The VIX also is about as low as it will go and that means some volatility in the near future.

            Aug 21, 2012 21:20 PM

            Hey Doc,

            Can we record on interview on Wednesday?

            Big Al

          Aug 21, 2012 21:53 PM

          I agree with you, Doc.

          Big Al

        Aug 21, 2012 21:22 PM

        About to get a bit more “frosty” Mark A,

        I personally am pretty happy with the current pictures for gold and silver.

        Big Al

    Aug 20, 2012 20:50 PM

    Thanks Trader Rog,
    You have a great mind and sound logic.
    You are probably correct.
    Right now I am thinking of a World QE, with the USA leading, followed by China, Euroland, Japan, and Great Britain in excess of 50 trillion dollars to jump start the world economy. This should crash the dollar to around 40. Best to you.

      Aug 20, 2012 20:09 PM

      KS……I am inclined to agree with you, regards WORLD QE….These “FOOLS” will go to any lengths to hold this broken system together…….Because when it breaks “THEY” know that they have the most to lose….GOD help us.

    Aug 20, 2012 20:54 PM

    Trader Rog, Al, and All,
    I fully enjoy you Group of People!
    This Site helps me keep my sanity in this trying time! 🙂
    The widom and opinions voiced actually bring comfort and knowledge.
    Thanks again!
    Jody D

      Aug 20, 2012 20:15 PM

      HI JODY…….same reason i come here…..its free education…..love it.

        Aug 21, 2012 21:52 PM

        Hey Mr. Irish,

        Are you telling me that Kathy is not sending you a monthly invoice?

        Big Al

    Aug 20, 2012 20:02 PM

    There is a game they play at the Canadian National Exhibition every year called “Mow Em Down”. 44 striking mine workers were killed by South African police last Thursday and this Sunday the company (Lonmin) said “it would give it’s other 3000 workers until tomorrow to work or face dismissal extending a deadline that had been set for Monday. There are 2 societies out there and 2 sets of rules for both, say it ain’t so, JOE.

      Aug 21, 2012 21:51 PM

      Shawn,

      Are you kidding?

      Big Al

    Aug 20, 2012 20:36 PM

    I am Vegetal from planet Uroes. I visited your planet years ago to help build the pyramids. This time our mission is for the harvest. Those of you who identify yourself with gold and silver will be taken to the mines of Ucottix and put into slavery. Those of you who support our chosen leaders and work for the state will be spared. Free will cannot be tolerated and hypocrisy important. That is why we remind people of Jefferson. He preached freedom for white property owning males of Scottish, English and French descent but statutorily raped a 14 year old slave, very similar to Jerry Sandusky. Had Sandusky fought more to lower the tax rate of the 1% his child sex would have been ignored. Long live America! Yummmmmm

      Aug 21, 2012 21:20 PM

      That is actually pretty funny, Vegetal!

      Big Al

    Aug 20, 2012 20:47 PM

    Roger or Al,
    Please address holding assets in “GoldMoney”, is this a good alternative?

      Aug 21, 2012 21:24 AM

      Susan,

      I know you did not ask me specifically about James Turks Gold Money but this is my two cents.

      People have got to come to grips with the fact that nothing is out of the reach of a tyrannical bankrupt gov that wishes to impose draconian measures and confiscate any financial asset that is in competition with dying national paper currencies.

      Gold Money, or any other company that provides the same services as a Gold Money will be a huge target going forward as fiat currencies go the way of the cover wagon. They only exist, function and prosper with the silent approval of a banking centric apparatus that is controlled by powerful interests.

      Simply espousing that a person has financial security with gold and silver stored in a so called overseas vault is a fools game IMHO.

      For example; James Turk’s Gold Money accounts are deeply integrated within the very same regulatory cesspool and disclosure requirements, money laundering legislation you may be trying to separate yourself from. But you can’t. You have to provide all the information nessesary to be tracked and monitored. When you open an account you must provide the same over bearing draconian requirements and personal date disclosure that you find as reprehensible and overbearing.

      There is no amount of grams or ounces of PM’s that you store in a Gold Money account as an American that is insulated from being tracked by the alphabet soup agencies such as the, FED, Treasury, and the really big one…..the I.R.S. You can throw in the NSA, CIA and FBI for good measure.

      In short, any metals that you hold and that you think are secretive and private in nature with the illusion of being protected from confiscatory action or even worse failure to disclose punishment liabilities is for fools and children.

      Don’t misunderstand my thoughts. I believe Jame’s Turk is an honorable man with the best of intentions and is attempting to provide a valuable service of need. I just don’t believe he will be allowed to fulfill his mission when push comes to shove and the fact that there is no real privacy of holdings from vested interested prying eyes is the nail in the coffin as far as I’m concerned.

      Remember this is just one mans opinion.

      Seek many opinions to garner your answer’s to many of life’s greatest questions.

      Respectfully

      V

        Aug 21, 2012 21:36 AM

        Vortex,
        I REALLY like James Turk and I think he is a VERY trustworthy, articulate – the consummate pro – however, I have to agree with you….1000%. I still struggle with just having my stuff in a safe-deposit box, LET ALONE at a distant “outpost” like Goldmoney or Bullionvault.
        Marc

          Aug 21, 2012 21:30 PM

          Hi Marc, always good to see your input’s and read your thoughts. James Turk is indeed a fine and trustworthy man and I’m sure Gold Money is very trustworthy. It’s not James Turk that I’m worried about.

          It’s the regulatory arm of enforcement that reaches around the world making everyone’s life a damn living hell. These agencies are not going to let most folks live their lives and invest in assets that are opposed to their sick views on controlling everything, everywhere.

          As the prices of PM’s increase and currencies continue to devalue at ever increasing speeds the leviathan will pursue valuable asset like G/S wherever those assets may reside. I believe Gold Money will be placed under enormous pressure from big brother.

          BTW, safety deposit box’s are dangerous. You are asking for big trouble keeping your PM’s in a safety deposit box within a bank vault. You really need to be smart about this.

          People are still acting as if everything is OK, things are not OK.

          V

            Aug 21, 2012 21:59 PM

            Vortex,
            I have to agree with your post. I would not be comfortable having my PM’s overseas OR in a bank safety deposit box(s). Nothing will be safe if out of one’s physical reach.
            It’s just like deposits of FRN’s in a banking account. You might not get it back.
            Sometimes paranoia is a good thing! 🙂
            Jody D

            Aug 21, 2012 21:35 PM

            Hi Jody D,

            Possession is a good thing as far as Kathy and I are concerned!

            Big Al

            Aug 21, 2012 21:42 PM

            Afternoon V,

            I completely agree. See my reply above to a related comment.

            The whole reason for owning precious metals is security. If one does not trust institution like Gold Money, various banks, etc. he/she needs to hand the asset location themselves.

            Big Al

        Aug 21, 2012 21:16 PM

        And that is the point, V!

        “Seek many opinions to garner your answers to many of life’s greatest questions”!

        Big Al

      Aug 21, 2012 21:18 PM

      Hi Susan,

      I will invite James on the show this Weekend.

      Big Al

    Aug 20, 2012 20:12 PM

    Before we list gold stuff, here is a very important point: when you criticize an analyst or someone offering an opinion on market direction in precious metals, please state whether you mean one day, a few days, a few weeks, a few months, or decades. This really matters-please!

    Roger, terrific piece, and I have mentioned the above many times. Not just in support of any given analyst, but it also bothers me to see the unspoken assumptions of hit-and-run commenters who just assume that everybody invests the way they do; therefore, if a market call is wrong on their time frame, it’s wrong, period.

    Some advice to fellow commenters:
    If you don’t agree with a market call, just grab your chin with your thumb and forefinger, squint your eyes, and exclaim, “Hmmmm. INTERESTING…” It makes you quite intelligent.

    I’m up in the Salt Lake area right now, and wifi (and time) are a bit rare in this area, so hard to get to the website. The economy is doing quite well in Utah. I haven’t bought anything with silver coins, even though that’s technically allowed in this state.

    It’s a darn sight cooler than Arizona, that’s for sure.

      Aug 21, 2012 21:17 PM

      You headed up or way, John W?

      Big Al

    Tom
    Aug 21, 2012 21:43 AM

    Trader Rog,
    Never mind. Sold mutuals last night and bought gold stocks with the proceeds . Today’s gold price is hopefully confirmation that I made the right move!! Tom

      Ann
      Aug 21, 2012 21:24 AM

      Tom. Hope you make a million…and dont forget them silver stocks…

      Aug 21, 2012 21:12 PM

      Hi Tom,

      A will disagree with Ann and say that I hope you make a couple or three million!

      Big Al

    Aug 21, 2012 21:52 AM

    Thanks for all the great comments. Keep in mind the market fixers can make the stock and credit markets stay propped longer than your money lasts to short them. They are all operating with an agenda so be careful. We like commodities and commodity related shares. The base metals are going to get hammered on sinking commerce. Oil, grain, commodity currencies, and shorting the stock indexes this fall should be good. We are shorting stock indexes next month later. – Traderrog