Click download link to listen on this device: Download Show
The news he references came out yesterday: it’s OLD news. What’s the excuse for today’s 11:45 EST smash in the metals? I fail to see how Google missing earnings should have any relation.
Regarding Google missing earnings, Lore, my thoughts exactly!
Big Al
Below is a link that makes you think I found on Drudge.
Follow the link and play the video on top.
Workers being paid with tax dollars playing cards in a cafateria because there is no work.
The outrage at Korean LG Chem plant in Holland Michigan.
When Central Planners plans fail central planners plan some more!
What a disgrace!!!!!!!!!!!!!!! What a waste!!!!!!!!!!!!!!!http://www.woodtv.com/dpp/news/target_8/Volt-no-jolt-LG-Chem-employees-idle
Don’t really know what to say.
Big Al
two weeks ago the charts said gold would rise $100. What happened?
Call it an “entry point”!
Mr. Cole,
And therein lies the reason behind me not being a technician!
Big Al
By the way, I did not hear Doc predict a $100 rise in the price of gold!
Nobody know exactly what is going to happen in the markets because there is sucy a dynamic system with company earnings reports, geo-polical events in China and middle east, monetary issues in US, Europe, Japan,and China, and the debt downgrading of currencies hanging over the heads of many countries. Trader Rog is offering his viewpoint based on technicals and years of experience in markets. That doesn’t mean anyone will always be right. Rog already explained in an earlier session why gold didn’t break through the $1800 level. I agree with him and Doc that after this sideways trading on the next leg up (after a further sell-off) it will break through that level and take silver with it. As for why Google matters – many traders base what happens to the over all market, indexes, for direction that affects the dollar, the euro, oil, bonds, etc.. Sometimes a move in the general markets will affect all commodities temporarily regardless of the fundamentals and that is the relevance to the 3rd quarter earnings reports. No asset class is an island and the complex inter-relatedness of the general markets to commodities to currencies to bonds to news is such a mess that there is no real direction. Things will get dicey in November due to election (regardless of outcome), the fiscal cliff, more bailouts in Europe for Spain and Italy, and currencies downgrades. Invest for the mid term and don’t give Rog such a hard time just because a short term target didn’t happen. Expect the unexpected.
I completely agree with you, Shad
Big Al
Watch the Nasdaq 100 futures index for a leadership signal as to where markets are going. it is always faster in velocity and direction. Tech is beginning to hurt all over.
We saw it weeks ago and have been harping on in Trader Tracks. Now we get more
verification. No BIGGER CRASH UNTIL 11-7 THEN LOOK OUT- WE ARE COVERING THIS IN OUR KEY NOTE SPEECH AT THE SILVER SUMMIT NEXT WEEK – Traderrog
Hi Roger, and everyone. I noticed housing stocks did not fall much, some even gained! Inspite of the Dow down 200 today. My guess is the PPT is propping it up, and the Administration doesn’t want the dip to go too far because of the elections. I just received my ballot to vote for President today, talk about early !