Chatting currency, conventional markets, and gold
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Gary if the US$ is going to collapse then the US equities are going to da moon!
$Yen fell 36 cents! in 2 1/4 years while the Nikkei rose 95% !!
http://stockcharts.com/h-sc/ui?s=$XJY&p=W&yr=20&mn=11&dy=0&id=p46133930405&a=327691327&listNum=1
No a currency crisis in the dollar will destroy the stock market just like it did in 08.
Gary 2008 was the financial sector meltdown, liquidation of assets was triggered by the US banks as their leveraged global positions were liquidated.
The banking system came within hours of shutting down as US banks would not deal with each other in the interbank markets the Central bank had to step in and be the over night lender as each bank knew full well everyone was holding toxic waste.
A currency collapse is completely different animal, again just look at Japan these past 3 years, an orderly 32 cent devaluation sending massive amounts of money into their equity market.
A three year cycle low isn’t an orderly event. They are scary the crap out of everyone moves. And the next one should involve at least a mini currency crisis similar to what happened in 2008.
That isn’t going to be good for stocks. it will however be good for commodities.
gary…..Agree.
I also agree with you Gary on this one.
ditto…………gary…irish…..owl jr………..
Right jj. The bottom of an 8 year long falling trend in the dollar was reached in 2008 but we can hardly call it a 2008 currency crisis and conclude it precipitated the crash. The dollar was already in decline for years beforehand.
Gary, you have repeatedly called for a dollar collapse for almost eight months already. Suddenly you are sure it will happen now. What about before? Pardon my doubts but your theory that just because everyone expect the Euro to fall means that it will rise instead and lead to a dollar crisis does not hold water with me. And by the way, the dollar did not take down the stock market in 2008. Check the chart for yourself. It double topped in 01 and then went for a multi year decline thereafter in a long continuous trend before bottoming. If anything, the stock market behavior led to its recovery.
Bird,
You need to pay attention to what I’m saying. The timing band for the collapse is, and has always been in the fall of 2014. It’s not the fall of 2014 yet.
The potential is there for it to begin. We’ve had a big spike in commodity prices early this year. Indicative of the very beginning stage of an inflation.
Now we have the potential for the intermediate dollar cycle to top in an extreme left translated fashion. If it does then it will signal the very beginning of the currency crisis I’ve been talking about. Keep in mind at the very beginning no one will be worried. If the dollar breaks that major support below 79 then a few people will start to worry. If it does it very early in the intermediate cycle then it will still have many months to fall(the timing band for the three year cycle low isn’t until Sept or early Oct.). So let’s say if 78 gets broken in mid June then the dollar will have 3-4 months to drop. A lot of damage can be done in 3-4 months especially in a panic crisis situation. I’m mean seriously. does anyone really think that the Fed is going to get away with printing 12 trillion dollars and not have something bad happen?
So watch the dollar over the next 4-9 days. It will tell us what is coming. If the dollar were to test the May low at 79.90 during that time then batten down the hatches a world of hurt is coming in the second half of the year.
Gary, I make an effort to pay attention to what everyone is saying including you. I very strongly disagree that the dollar will collapse anytime soon so you can stop trying to convince me. If anything it will strengthen even more. When treasuries are bid because European debt is already yielding so little what does that imply as one example? How about an international crisis? What about a default in any of a number of South American economies or in parts of Europe or Asia? Does that tell you the dollar will be in trouble? As global insecurity increases and war drums beat the dollar is going to be the go-to place to be and demand means it will rise, not fall. I do not even need to get into the case for Europe working to devalue the Euro I hope. Your cycle theory is interesting but it can’t catch birds, man.
Bird….For the life of me I can not understand why your so bullish the US dollar…The writing is on the wall……It’s days are numbered….& we are talking short time.
Bird,
We just had a semi crisis in the Ukraine and no one was flocking to the dollar. This has nothing to do with current events. This has to do with 5 years of nonstop printing and the ultimate consequences of those actions.
capital is flocking to the US equities gary
Irish the us dollar is KING, the world reserve currency and only currency supported by a massive bond market.do not sell it short.
It is not bullishness exactly Tony. It is just common sense and realism. There are no current alternatives to the dollar and that amongst many other reasons is why it will remain the primary global reserve until that time that an agreement amongst nations establishes a better alternative.
I also think it is a mistake to mix up the actions of the Fed with the utility value of the dollar in international markets. Whatever one may think about interventionist policy we should be mindful that all other major economies and countries are currently engaging in similar programs of stimulation. So strength is a relative function.
In fact the dollar has been quite stable for years now. All through the GFC.
In any case, if the period of sharp dollar declines between 2000 and 2008 did not damage the dollar nor its basic purpose then what is it about today’s stability that is so much more dangerous? Others have also pointed out that the dollar has been continuously used for better than a century without ever being withdrawn or cancelled. That gives current users a great deal of certainty.
Here in Africa there have been countless currencies that have been defaulted on or outright cancelled in modern times. They can change as frequently as the mood of politics or as the result of internal strife and civil war. That does not give users confidence that their assets are safe. Inflation driven devaluations such as the dollar has suffered over the years are far preferable to threats that a currency will simply cease to exist!
Here in East Africa it is common for people to store wealth in USD. Paper is preferred to precious metals because it is far more liquid and recognized everywhere. Counterfeit gold and silver coins on the other hand are common. There was a good business in China knocking off fakes so people doubt authenticity. New USD notes in good condition on the other hand demand high premiums. You really need to see how the dollar is viewed by others to appreciate why its death is greatly exaggerated.
But there is so much more to it than just that. The culture of America is globalized. They are playing soft rock hits of the 60’s, 70’s and 80′ over here just as there. Movies, music, food, language and customs have been exported and embraced along with the dollar.
Just ask yourself this…..Do you know even a single Chinese or Russian hit song by heart? Doubtful. You think maybe Stir Fry is more popular that burgers and Fries outside the US? Yet over here you are not surprised when people are humming along with the Doobie Brothers in a taxi or when you hear kids singing along with American pop anthems like English was their first language. Nobody bats an eye by seeing America fast food franchises or other cultural icons either. I sure don’t know of any Russian diners.
So the dollar is about much more than currency and pieces of paper. It is symbolic of a cultural infusion that is global in nature. But it is also about institutions, trade agreements, business philosophies, political connections and influence. So it represents stability at its heart and the assurance that money parked there is safe from the whims of conflict politics that bedevil most smaller countries (and some large ones too). If you guys are betting on the demise of the buck you are just asking for a huge disappointment. It is a bet guaranteed to go sour.
bird…….counterfeit paper is more common than counterfeit gold coins……..that is why the USa engraving printers…change the currency design every few years…..
Check out the design of the $20 dollar bill,,,it has been changed 6 time since 1999
Gold today stopped right at its first resistance zone @ $1253 a close above that is the first start to a higher trend, next up $1269 and a breakout is closing above $1310
Good Luck…..so its back up the truck time…Beep, Beep, Beep, Buy, Buy, Buy!
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=6&dy=0&id=p94053563521&a=353727366&listNum=1
I have serious reservations. Gary is just speculating here so I don’t have confidence in his call. Not a hope in hell we see 1550 gold by the fall. Great fantasy but hardly realistic. What is the propulsion when so many are getting out?
Birdman, I made this chart just for you, copy it and tape it to your computer screen, think positive thoughts, feel the power of gold, breathe deeply….that’s it….Now Wake The Fck Up!!!….sorry just goofen with ya buddie….lol
Notice the blue trendline heading for $1550
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=2&mn=0&dy=0&id=p73203161132&a=354107155&listNum=1
jj I cant figure it out. Why wouldn’t a blue trendline starting at the peak of about 1800 drawn all across those peaks straight to about 1000 be more significant?
Just looks to me a person can draw that blue line to where ever they want.
LOL, gotta love it bb, I’m just pissing Birdman off because I know he stated if he see’s another gold chart with an arrow going to da moon he is going to flip….so I created a gold chart highlighting a straight line to $1550……and you proved our point perfectly anyone can draw a line to anywhere on the chart, its trend lines that price action actually produce that’s the difference.
Not pissed off at all. I enjoy a good chart. It’s the little boxes with remarks of absolute certainty and lots of exclamation points that drive me batty.
Now that’s funny jj.
Original –
I don’t see any supporting data for your pretty,blue trend line. It’s just a line on a chart, for all I can deduce. What data points or tech. indicators did you use to draw it? Thx.
It occurs to me folks here have not really considered China thoroughly.
(You can stop reading, jj, no charts)
China appears to be having a deflation problem………one
China is the world biggest producer of manufactured goods……two
China has the most gold……three
Seems to me, if we wind the clock back to 1931 and replace the word China with USA everything would still be true.
We know what the US did back then.
Why should not China (not a debtor nation) do the same thing I.e. raise the price of gold relative to the Yuan? (They don’t have to upset their citizens by confiscating gold)
Think about it.
I have thought about it actually. He who has the gold makes the rules as they say and indeed China could abruptly devalue. Even more dramatic, they could confiscate….but then again that’s already been done before.
China does not have deflation problem. It has inflation problem same as US. Also Chinese government does not dare to entertain the idea of gold confiscation. People don’t follow the orders which hurt their interest. Last time China confiscated gold, the government lost the war and fled to Taiwan two years later. A lof of these official paid with their lives. Even now it is still considered a crime the old government commited to people. Chinese history is a series of overthrown governments.
Hey thanks jj. But I am sorry to say you need to redraw that chart because you have 1550 being reached in winter. Gary said we will get there by fall and fall runs from September 20th to December 19th! Try it again with November 5th as the mid point. Looks a lot steeper, no?
Boy your demanding!…okay, late Oct alright with you?
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=2&mn=0&dy=0&id=p73196259629&a=354117492&listNum=1
Good one! Hey, lets just paint a chart to hit 1950 by July and we will have a whole new gold narrative to debate. That’s why it is so crazy. Not that I would hate to see gold improve a little but there are really a lot of headwinds right now. Gary’s cycle analysis is proprietary. It is not proven yet of course. What I have seen so far does not give me confidence his system works. But maybe he will get lucky and all of us will be wrong.
No….I don’t think so…..Ha Ha Ha Ha!!….cough…cough….hack………stupid cigarettes!
Time will tell but whatever steepness you have in the chart JJ and Birdman it’s not like the same chart doesn’t shoe actual steeper runs. Not saying he is right just amusing to see the chart you present showing even steeper Inclines
Last chart as it just can’t get anymore parabolic!!!!!!!!!!!!!!!
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=4&mn=0&dy=0&id=p04330368412&a=354126491&listNum=1
Not speculating: using my cycle tools and sentiment indicators. Gold is deep in the timing band for a final intermediate low. The intermediate cycle should bottom along with the current daily cycle. It looks like that daily cycle probably bottomed today (although we still have to get past the employment report tomorrow so there is still a slim possibility for one more quick lower low.)
There is no way this intermediate cycle stretches after the last two both stretched way past their normal timing band. Along cycle is almost alwqys followed by a short cycle. We have two long cycles in a row. No way we get three stretched cycles in a row. At least there’s no way this intermediate cycle stretches naturally. If we see another manipulation event then yes it could stretch another full daily cycle with a final yearly cycle low in Late June or early July.
But like I said, I think the manipulation has probably run it’s course and I’m not really expecting another round of premarket attacks at this point.
Yes Gary……you are speculating.
Which is another way of saying you do not know.
Bird,
Not proven?
I called a bottom in the dollar back in Oct. when everyone was bearish.
I called the bottom in gold to the day last summer, right here on Al’s show.
I called almost the exact top back on Sept. 3.
Granted I didn’t get the exact bottom in Dec. as I was still nervous that the manipulation might extend the intermediate cycle but I got pretty close.
I called the exact top on Mar. 17th, again right here on Al’s show.
I predicted yesterday exactly what would happen to the euro today.
I’ve been saying all along to look for a daily cycle bottom in gold during the last week of May. I may have missed it by a couple of days but so far I’m pretty close on that one too.
What more do you want? Granted no one is going to get every call right but I thin you have to admit cycles have been pretty darn useful.
Thank you to you, Doc, Chris , and Rick.
I look forward to these opinions daily. (Along with those of my fellow posters who help challenge theories of mine and others)
Thanks to Al and Cory too
Gary, I agree 100% with what you are saying and your record speaks for itself. Don’t let the armchair critics affect you at all. There is a reason you are behind the mic and they are behind a keyboard. I appreciate your opinions and taking the time everyday for this show.
Duke, you did hear that Gary was calling for a dollar crisis and collapse in 2014 and that he has stated this is the absolute bottom for precious metals, I suppose. He has made quite a number of calls that did not pan out including calls for gold to drop to 1050 so while I appreciate that he gets some right he has also made some big mistakes (that he neglects to mention). Anybody out there in the blog world can make equally extreme top and bottom calls and eventually will get some right too.
Bird,
No I am not going to guarantee an absolute bottom here. If the market is trading freely then yes this is a yearly cycle low and gold won’t trade below this point for the rest of the year.
What I can’t predict is whether gold will suffer another manipulation to stretch the intermediate cycle past its normal timing band.
I’m of the opinion that the manipulation has probably run its course but we will have to wait and see for a few weeks.
No one is going to be 100% accurate Bird. If all we do is criticize I am sure CONTRIBUTORS will eventually just stop interviewing. Gary has one of the more impressive histories which is why I listen to him and several others. He is actually what brought me to this site. The people I don’t agree with and have poor track records I tend not to listen to. I certainly don’t criticize them and comment on everything they have to say. I simply vote with my feet.
If you want to tip toe around every conversation, be a wallflower, be seen but not heard then be my guest. That’s your choice. Where I come from we express our point of view in words everyone can understand. No waffling or double talk and no beating around the bush. You don’t have to like what I say nor agree with it. I suppose you are one of those who believes free speech is a privilege that can be withheld or suppressed if necessary. Or maybe you mistakenly believe I am the kind of person who is easily muzzled by comments from his peer group. Well forget that. In this business you better be prepared to speak your mind directly because it is a shark infested pool at the deep end. We can save the niceties for discussions over the trends in cheese and flowers.
As an aside Duke….everyone who posts here is also a contributor. Some of the posters do a damn good job of assessing the markets. I am constantly amazed at the stuff they come up with and the ideas that get put forward. But it is a small group. Al has maybe 15,000 listeners but the board attracts far fewer readers and just a handful of posters.
Yesterday you wrote 1252 on gold and 19.05 on Silver
Now you said 1253 JJ ? Which is it
I still believe once Q2 data starts coming out in early July coupled with the 3rd to last taper the market will begin to unravel. Party over.
Expect VERY bad numbers from auto makers in the coming months to balance out May
Thanks
Goldman I wrote that this am, Its all about the close, the first tiny bullish step for gold is a close above $1252 and silver $19.05
Splitting hairs, $1252 or 53….gold today closed right on its first resistance zone, a minor positive….Fri who knows?
Don’t get me wrong. I appreciate your input. I felt it was mildly positive as well. I know you have been short the market so not sure if you truly see what Gary sees or still expecting short.
It’s all manipulated for sure. The mall near my house is down to like 20% occupancy. , retail stores all over Boston closed, they only build rental buildings now , food prices up, has is next, easing of lending is not happening. We are in bad shape with unemployment but the Euro zone is worse and their currency smokes ours. What does that day about the dollar? I know countries can never pay off long term debt but short term liabilities will be an issue if shit goes the wrong way. Unemployment, welfare, entitlements will grow and unrest will happen. Chicago will be bankrupt within the decade. Others will follow.
I see the fed trot out hawks and doves to say their peace on record and more bull occurs. I believe they know the taper has to stop which is why they are trying so hard to keep the market moving. They need to hold it together until Oct and then it will fall. The Internet companies get the rich richer but they cost jobs. Kmart, Sears, others will follow. We can’t all live on Michael Kors products.
As for gold and silver falling to extreme. Can they fall? Sure. Within reason but over decades stuff just costs more. You won’t see silver below 10.00 ever again. Gold will likely never go below 800. Even those numbers are extreme. The same burger MacDinalds would sell for .10 on specials is now a dollar. We just aren’t going back.
Things are going to fail. GM is in deep with its problem. Stocks are Wayyyyyy overvalued. The country is deeper in debt than ever and the government should be worried. The young and old supported this administration because they touted Hope and Change and they got bent over. One thing about the younger generation is they speak their mind, They demand their share now, and they won’t tolerate having been lied to
The tide will turn fast and for the first time we will have national riots
The govt knows this… They are preparing
The simpler times in the world are dead
Sorry. That was my train home rant
Between next GDP and July taper it will begin at the latest
Good news is it wasn’t the weather
No worries!
Good to hear reality from Boston.
The way I see it Goldman those with an open mind will see the trends a lot sooner than the poor bastard who checks his 401K investments quarterly.
I’m still short and added to my gold, silver and miners positions into the close today.
If gold closes above $1272 silver $19.50 and the HUI 212 I’ll go to cash and the trade was a wash….we’ll see.
Pretty depressing My. Goldman. Unfortunately, I personally agree with you.
jj…….For f$£K sake sake , stop posting bloody charts , Yes they have pretty colours , but they don’t mean jack shit in a manipulated market.
irishtony, sorry I must misunderstand your comment, Big Al has Rick, Gary and Doc on daily of which they all use charts is some form, okay so Al’s a complete idiot having these guys voice their opinions because gold is manipulated and according to you, charts are worthless.
You make no sense at all……..how is the rah, rah, rah buy and hold working for you in this manipulated market, ????
jj………….VERY WELL THANK YOU.
go ahead ignore my comment irish….Als guests are useless chart junkies….according to you….hey you must be short as your doing well.good stuff!!
It is an accepted fact that I am a raving idiot. I am however a very open minded raving idiot!
Mr Irish,
Rick feels that they do as does Doc.
I cannot understand how they could. But then again I simply do not understand charts.
It is not charts that are the problem. It is whose hands they are in and the interpretation that matters.
Siverdoc is reporting possible Russian troops moving into Ukraine. Maybe that’s propulsion?
oops, zerohedge reporting on Ukraine/rusian boarders crossings.
Ransquawk is also reporting that a Ukrainian attack aircraft entered the Russian airspace over the Rostov region. I’ve always believed that they will blame the stock market crash on some foreign “enemy.” They’ve chosen to point their fingers at Putin. There is no way in hell the government will take responsibility of the mess they’ve created. Anyhow, if things heat up in Ukraine, expect gold to move higher.
Why do Americans read ZH? It seems to be have lots of pro Russian stories on there IMPO?
BOB….Its because the Americans who are awake want the truth. Their media are lying bastards ….RUSSIA are not the bad guys……The US (“IS”).& has been since WW”2…..
Unfortunately Mr Irish, there those who would agree with you.
I read ZH to get the true economic story behind the feel-good spin the main stream puts on everything now.
Also, if you want to get ANY news on the Ukraine situation, then go to ZH. Main stream news is completely ignoring it. (Noted, the stories on ZH are pro-Russian — but that is precisely what main stream is ignoring — not part of the Obama narrative)
Gary, when you refer to a coming currency crisis are you simply talking about a currency crisis in the US Dollar? Or are you talking about a wider global currency crisis?
BOB….I think he is talking about the latter.
I don think all currencies will lose purchasing power against a basket of commodities. Some more than others and probably the dollar being the worst this fall.
Well the commodities surge did not really pan out beyond the first three months of the year. The Canadian dollar meanwhile is looking like it will weaken again and as both gas and oil are in surplus and crop outlooks have improved considerably lately the resource sector does not look so strong anymore. Unless something really bad happens between now and then we will have currency stability, low prices for metals and commodities that hardly rouse ones blood pressure and a continuation of the equity bull.
Repeat my broken record.
Gold will retest Dec lows….if not fall further
Gold will rise over a number of years to new highs…yay for all of us !!!
I look forward to another gold bull market…in time (its not quite hear yet)
My guess is when gold hits a new bubble…most won’t get off
…just like last time.
Gotta agree
Second that. You are correct Skeeta. Do not fall for the junk that passes as analysis and NEVER listen to anyone who says “back up the truck” and start buying. Back on the 27th Gary told us the FINAL bottom would be in between 2 and 5 days from the decline based on his proprietary cycle theory. Well surprise surprise but those five days passed and have become 11 days of waffling and there is absolutely no signs whatsoever that the bear market in gold has ended. So he was dead wrong (along with many others) and anyone who listened to him might already be underwater depending on what day they bought. This why the imprudence of calls on the future are such a risk and why listening to the pundits can be such a huge mistake. Gary does not know when gold will bottom nor at what price but if he keeps calling it then one day he will score a hit. Who cares about that? We are in a bear market in gold and there is nothing compelling that tells me prices are about to reverse and head higher. So I would suggest using caution if taking long positions….but that is just my opinion of course.
Do or don’t Gary?
Al you posted earlier sometimes you get down…man when was the last time you and your wife took a decent holiday…turn off the computef and take a break…drink some real good red
and relax….all this shit will be here a week from now….be open mindex…lol
Lots of Cambridge interviews:
http://ceo.ca/2014/06/04/john-kaiser-at-cambridge-put-up-your-money-and-pray/
Probably one of the better interviews I have heard in a while. Brent is not smitten with gold or the junior sector at this time. As he notes, now is a good time to take six months off and spend time in the Caribbean. He sees no upsurge until 2015 or 2016 so confirms the beliefs of the very few of us out there who are looking at gold stocks with a hairy eyeball right now. I think he is correct. This is a bear and it is destroying the capital of those who keep trying to catch the bottom. Those bottom catchers are going to find bit by bit that they have been listening to the wrong advice all this year. Gold is great and all but it’s time to shine is not yet here.
Good call Brent.
THIS IS ……KING GOLD NEWS…………..
Now without further delay here is…….KING GOLD
HH….where are we headed KING GOLD and have you bottomed yet.
KG….after being beat up for 2 months nonstop and over 1 year stuck
in this trading range I’m ready to bust out. The dollar has no legs and
its all hypocated funny money sitting on a pile of debt stretched from here
to Uranus. The dollar is a promise it can’t ever deliver. I can deliver but
I’m precious and hard to find. Takes great amounts of labor and resources
to pull me out of the ground. That’s the difference and the dollar can be created
by the trillions at one key stroke.
I AM “KING GOLD” AND MY PRICE WILL TAKE YOUR BREATH AWAY IN 2014.
HH…..Thank you KG and unlike the dollar with broken promises you will deliver.
KG…..thats why they call me KING GOLD….there are no lies like the dollar. You can
keep believing the lies but I will continue to prove the dollar wrong.
HH……that was….KING GOLD…….the best protection against a lying rotten world.
Good Grief!!…seek help!
Help….JJ hides behind his computer posting here 24/7 like a miget.
You need to get a life…man. GIVE IT A REST.
Maybe migets have trouble out in the real world.
Find an activity. I just returned from the Boxing Club.
Nothing like taking care of a little business. All legit too.
The miget I refer to is not the size of the man but one who believes
he can be a real man that the real world would reject through his own
foolish actions. A wimp and a useless coward. I see how you treat others
here just not too long ago. You do it hiding behind a computer too. With
no apology or conscious either. Very disrespectful character.
You don’t give a damn either. Will I do……REMEMBER THAT
Nothing worse than a wimp and a coward hiding behind the computer.
NOW GET OUT OF MY SIGHT.
I thought the first rule of fight club…was not to talk about fight club.
Your right…. wimps and useless cowards should never mention a boxing club
their self esteem would suffer dramatically. Even gold bothers them because
they lack the courage to buy. One that posts 24/7 on a site accomplishing nothing
something is inherently wrong in that persons life cowardly insulting others with no
remorse. Is there anything else because if disrespecting others is good we have nothing
more to discuss.
Using the name..Skeeta now JJ
More cowardly acts. Give it the hell up……man
Actually…It’d be my guess that JJ & I ain’t even in the same country HH.
More than likely your the same person. The same handle shows up
and JJ flees the board. Even so the way he has treated others on this
board and anyone who condones this is just as bad. He personally
attacks others directly and those posters have not posted since.
Treading like he does on others is sick behavior. Posting 24/7 is one
leading to issues. Not healthy hiding behind a computer screen like that.
Find some friends in the real world…activities. finally learn some manhood.
Or at least don’t personally attacks others is a good start. Grow up….etc.
Quote “More than likely your the same person”
Wanna put your money on that punt HH ?
Or is it you that likes to make up fake accusations whilst hiding behind the keyboard ?
Let me know if you wanna make the bet !!!
…hey JJ…I’ll split the winnings with you if he does 🙂
You don’t have to Skeeta. Just condoning what he does makes you as bad as
the way he has treated others on this board.
So go ahead fall over yourself on a bet because my bet your a useless coward and a wimp
just like him.
Thats my bet but wagers are illegal.
Take your illegal wagers somewhere else.
Proves you don’t know anything proposal of an illegal wager.
Go back to the drawing board ameteur.
Wagers are illegal ?…eh?…we’d bet on two flies crawling up a wall over here !
Where have I said I condone anything exactly as you accuse ?
…your making things up as you go along.
Anyhow…just after 5pm Friday here now…so its tools down & time for a beer or two.
Cheers HH.
Cheers to you to Skeeta.
If you defend someone and maybe then I misunderstood… . Sorry…my bag.
Enjoy yourself and we are …..cool. …ok…
Heres a salute…..make it good one man….my best to you…peace out !!!!!!!!!!
Fun having you back on the scene HH!
The boat is a lot more fun Andrew. Thats what they say but the
island is so much better with those beautiful native girls.
I call them ..Chicas. I like 2 for each arm strolling down the beach.
So hurry up gold… to 2000 …Andrew …need to share these miseries
with a good friend in paradise. All the chicas will be wearing gold
hard hats for the coming celebration. See ya here soon. Don’t want
to miss this event. All gold comrads invited.
Thanks can’t wait!! lol., A
Ya…Andrew and why not. Little fun never hurt anyone.
2000 gold and take a bite into some paradise.
Making some good native friends may not hurt…might help.
Have a blessed weekend bro.
Waste of a good morning, imo
just two different views………………imo
Look at what the dollar did on Jan 23 and Jan 24.
Look at what the VIX did on Jan 23 and Jan 24.
A fall in the dollar might be the ONLY thing that shakes up the VIX.
Bad economic news certainly doesn’t matter anymore in this FED manipulated market.
Falling dollar will make the FED heads explode.
Can you imagine if Big Al had a guest on that spoke, repeated what HH said in his posts, you’d wonder if Al had lost it, that you tuned into a comedy club.
Is this site not about making money or is it an old farts club with rants and cheers for higher gold based on, what?
Let see if Al can get bozoo the clown on and he can cheer gold all the way up.
What a bad joke!!
Your right …JJ…..about the clown stuff…great idea…
Its brilliant. ….the ring to it…..WOW…
JJ THE CLOWN……its perfect.
The best idea yet…. thanks JJ would have never thought of it.
You’re not so bad at all.
Glad to see your medication is kicking in…..don’t ODeee
Hey jj, JOY was at about $60 when I told you about it. Look at it now.
You should have your butler post the chart CFS if you can’t…..unless news has changed the companies structure for the positive the two gaps eventually will get fully filled or 1/2 filled.
http://stockcharts.com/h-sc/ui?s=JOY&p=D&yr=0&mn=6&dy=0&id=p33152892874&a=354203573&listNum=1
Don’t you have a butler jj?
no room in the cardboard box!…..cannonballed to close to the pool and the splash took out the entire right wing of the box.
Have a good day Mr Birdman
And here I figured you had a whole team working up those charts of yours!!
Greece (GREK) is also up
You don’t use trailing stops, to stop losses, I forgot.
Imagine CFS if all the goldbugs and silverbugs used stop losses …they’d have a lot more money today to buy a lot more oz at this June-July low.
GDXJ: The Uptrend Continues…
http://stockcharts.com/h-sc/ui?s=GDXJ&p=5&yr=0&mn=0&dy=11&id=p43991239184&a=353321631
And to think Matthew many here think I’m a trader, when its momentum that is traded.
A 5min chart, you’ve become a Flipper, lol
Sub $33 will either hold or $28+ will be the June-July low….wedge action once again coming into play.
Good Luck!
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=0&dy=0&id=p15979667369&listNum=1&a=354212091
I did not think my purchases yesterday would so effect the market!
Everything I bought on Monday/Tuesday is up. GDXJ daily: Lookin’ good…
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=1&dy=0&id=p11101355477&a=354082921
Which is bigger CFS your wallet or your ego?
That’s Wallets, jj
Its a measure of great success CFS when a man has more than 1 wallet, your the envy of this web-site!
Norcini does a good job on job details and reactions.
Interesting that the next US NFP data is July 3rd, that data if continued bullish could well be the floor needed for the RE-flation trade…..
http://www.traderdannorcini.blogspot.ca/2014/06/jobs-day-arrives.html
Gold still down, but most gold stocks I am following are up in last week. Was last Friday the bottom??
US$ Chart…..its the massive neckline Gary that must hold, Gold’s neckline is @ $1200 the US$ is @ 79.50
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=2&mn=0&dy=15&id=p41271726901&a=337847026&listNum=1