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Tuesday and The Doctor Is In

Big Al
April 8, 2014

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Discussion
38 Comments
    Apr 08, 2014 08:47 AM

    dont be surprised if the stock market topped and gold bottomed!

    $ horrible day
    oil over $102

    The typical turn around tuesday for stocks was very weak
    Expect more downside

    Throw in Ukraine

    The take down in gold from $1390 was orhestrated as a last ditch effort to break the gold bull started in January.

    it failed – it is just a healthy pullback now

    Its all gold from here

    Apr 08, 2014 08:01 PM

    YOU BET….GOLD IS ON ITS WAY TO 2000 THIS YEAR.

    How do I know. ….discovered more precise analysis on gold
    being gone from here. This set back is the last we will see in
    our life times at these prices. 70 percentile chance.

    Anymore corrections will be at higher prices in the future.

      Apr 08, 2014 08:24 PM

      I welcomed you back on an earlier spot…………again glad to hear from you………………………jerry ootb

        Apr 08, 2014 08:05 PM

        Thanks Jerry. Stay long or be wrong for several months.

        CATCH EVERYONE ON THE REBOUND.

        Hope the gold bulls prosper like they should.

        Be back in several weeks. Thanks Jerry….keep these bears down.

        Off to do chores. Few weeks worth. Everything is a chore. Boxing…lifting…
        the 9 yard shuffle. GO HEAVY OR GO HOME…..hate rusty cages.

        GONE !!!!!!!!!

      Apr 08, 2014 08:16 PM

      Time will tell. Too early yet for me!

    Apr 08, 2014 08:11 PM

    Thanks Doc. You make an interesting case. I am not too big on seasonal investing though because it has not been reliable as a predictor except in the most general of ways. For example, last years gold bear ran all the way through to August in defiance of seasonality. I strongly suspect if we are going to see a blowoff in gold prices again that it will happen within the next months without an assurance of any immediate strong bounce.

    Apr 08, 2014 08:15 PM

    heavy hitter – your back. where youve been?

      Apr 08, 2014 08:29 PM

      Well…General….still in training. Learned some new analysis and its very accurate.

      I’M IN GOLD BUT I CAN NOW TRADE ANYTHING WITH ALMOST 100% BATTING AVERAGE.

      I do know this…gold will be much higher 2 years from now knocking at 3500.

      ITS IN THE BAG…GENERAL….SO WE NEED TO BAG IT.

      Over and out General…..we need to finish the job now. Its a war and we will prevail.

        Apr 08, 2014 08:18 PM

        Hope so Heavy!

    Apr 08, 2014 08:04 PM

    Doc and I have the same time frame for a bottom. If gold grinds down then I’m going to be in the same band wagon and look for the inverse H&S pattern to launch the next leg up.

    If gold heads down fast though then we are definitely going to see a capitulation phase. Gold bugs will not be able to survive a rapid retest of that $1200 level.

      Apr 08, 2014 08:24 PM

      Thanks Gary.

    Apr 08, 2014 08:09 PM

    ALCOA – If the number was good use it to levitate stocks.
    If the number was bad – dont read to much into it.

    thats the playbook

    the number was bad

    Lookout below…

      Apr 08, 2014 08:30 PM

      The general market will have some weak rallies that will fizzle out with the smart money selling into rallies. Go away in May is a little late. Going away in April is usually better and safer. Resources are going to get their turn now as they are extremely undervalued compared to the extremely overvalued general market.

        Apr 08, 2014 08:55 PM

        I agree with you, Paul L

    Apr 08, 2014 08:20 PM

    I’m not adding any more miners just yet….still think gold price will fall….significantly

      Apr 08, 2014 08:56 PM

      Don’t agree at this point.

    Apr 08, 2014 08:55 PM

    Marc from San diego – Whimsical – I like that.

    You have no idea when you talk about front running

    Apr 08, 2014 08:11 PM

    you have a lot of people on this site who are starting to eat and devour one another… just thought id put my two cents in

      Apr 08, 2014 08:24 PM

      I thought is was peaceful. You recall that Matthew guy who used to hang around here and be so irritating every day? Wonder what happened to him?

        Apr 08, 2014 08:33 PM

        Matthew wised up. Its difficult to be in gold bear views company day after day.
        For months upon end. The best informative poster this site had too.

          Apr 08, 2014 08:16 PM

          We are all gold bulls here. Some of us are just more cynical than others. Mostly the cynical ones are still solvent!

            Apr 08, 2014 08:58 PM

            Yes we are Bird!

            Apr 09, 2014 09:52 PM

            That’s funny, I wouldn’t call it cynicism when one is a fan of central bankers and the paper they push.
            I couldn’t be more solvent, btw. 😉

          Apr 09, 2014 09:28 AM

          I have to agree on Matthew…….he was in MHO…….very sharp….and also, DID NOT PUT UP WITH ANY BS……AND was willing to share………………………….

            Apr 09, 2014 09:49 PM

            Hi Jerry; thanks. Speaking of BS, remember this?:

            On March 19, 2014 at 6:53 pm,
            Birdman says:
            The Golden Cross won’t happen anymore. It has been badly delayed if not cancelled.
            ———

            The cross happened about 2.5 days after that comment! (Lol)

            Apr 09, 2014 09:13 PM

            Matthew…….glad to hear from you…..always appreciate your thoughts,
            and contribution………………….Jerry

            Apr 09, 2014 09:27 PM

            I can remember the first time I ran into you…..I made a DA remark,,,
            like..” what does Eric Sprott know”,,,not knowing who he was, and the quality of the
            person, (although some may disagree right now) ….I put my foot in my mouth, of which you corrected me, of which I appreciate, requiring me to do some more homework and I did some homework……And I respect you for your knowledge and grit.
            So, Like others on this site, appreciate your continued input, and hope it will continue, because I am convinced the next few years will be very trying……respectfully………..JERRY.

            Apr 09, 2014 09:28 PM

            Well your memory is just fine; that had to be at least three years ago. A lot has happened since then hasn’t it?
            My opinion of Sprott hasn’t changed at all. I know he’s honest because I arrived at my conclusions without him and they are nearly identical to his.
            I’m glad you stuck around here, too. Yes, I believe the next few years will be very challenging in many ways, but guys like you will minimize their financial challenges. You “get it” Jerry, that I know.

            Apr 10, 2014 10:09 PM

            thanks…….J.ootb.

        Apr 08, 2014 08:57 PM

        I agree Bird. I think that it is peaceful and sensible.

    Apr 08, 2014 08:22 PM

    I don’t know – someone told me the other day I needed to take off my depends.

    Then today someone said I couldnt lead

    Not that I care. But I dont like being insulted by faceless trolls.

      Apr 08, 2014 08:39 PM

      General James. ….you are wasting your time here.

      No one here exception of a few and they bailed on this place.

      I’m making lots right now. Nothing but bad advise here.

      Making money in housing stocks, Russian stocks, shorted biotech.

      Bought hdge for a short IN STOCKS

      YOUR IN THE WRONG PLACE.

    Apr 08, 2014 08:33 PM

    HORAY….conventional wisdom.

    Spectators in action. 5000 gold in 5 years easy. Mining shares will be 50 times.

    Believe me, there will be very very few who make any money.

    THATS THE WAY ITS ALWAYS BEEN. YOU GOTTA BE IN TO WIN.

    GOLD BEARS HAVE NOTHING TO LOSE BY HOPING WISHING GOLD DOWN.

    the bulls are wising up to all this gold bear nonsense.

    Never been to a site with such distorted bear views from
    the same posters day after day. …into months and years.

    The theme here at 2000 gold is ready to fold soon.

    ALWAYS THE SAME. no reason to come here.

    Not gonna make any money here. Unbelievable.

    WASTE OF TIME.