Waiting for the conventional markets to hit all time highs… again
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I think both gold and conventional market will hit new highs very frequently in the future. However, it really needs a correction now. Professional investors are getting away from the market now even the retail investors are piling in
That’s not what the current COT reports are showing. Professional traders are quite bullish on the NDX contracts in particular.
You may be right but what I mean is that the recently reported that Buffett and Soros have reduced their holdings. You don’t know who the COT participants are or who is behind them. The bull has gone for too long without deep correction, which by itself becomes worrisome. In a sense it becomes music chair game. if FED keeps printing and buying futures, this thing can go forever. Otherwise it can crash. Pension funds and insurance companies are very reluctant to join the party. Only with a good correction, the market can suck them in. Wall Street should know that. But anyway, the chance is goood that DOW keeps going up especially the stocks in the index. I got out in early March and I will get backin in November if nothing changes. However, I did see the stocks I sold drop quite significantly after I sold. Now they are back. In this market, you just have to close your eye and buy. I guess this is good for US economy in a long run.
85 cent USD
on its way to about .92
gold to 1050 as the counter trade to the USD
money is fleeing war-torn areas and diseases areas to hide in the US, causing USD explosions
Bull market continues as expected. Too many keep calling tops and try to short which is dangerous. Ipo of CYBR software company took off after some hiccups. Bought some but got out too early as volatility was scary.
Gary you killing me man! hehe
http://www.gold-eagle.com/article/manipulation-still-alive-and-well-gold-market
BTW your other blog site is down.
http://www.goldscents.blogspot.com
David P. out of Europe featured on KWN is on same boat as BO Polny. Interesting.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/24_Despite_Drop%2C_Gold_Coiled_To_Break_%242%2C000_%26_Silver_Above_%2470.html
Bo’s new interview if anyone is interesting in viewing. Not pumping but posting.
Google or youtube: Bo Polny: Gold Will Be The “Greatest Trade in History”
David P. out of Europe featured on KWN is on same boat as BO Polny. Interesting.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/24_Despite_Drop%2C_Gold_Coiled_To_Break_%242%2C000_%26_Silver_Above_%2470.html
Bo’s new interview if anyone is interesting in viewing. Not pumping but posting.
Google or youtube: Bo Polny: Gold Will Be The “Greatest Trade in History”
LET ME BE CONTRARIAN INVESTOR AMONG ALL OF YOU PESSIMIST SAYING GOLD IS GOING TO $1000. LET ME BE BOB M AND SAY I SMELL A VICIOUS TURN AROUND SOON. LOL. GOOD LUCK.
Gary –
I don’t know if you have followed PCR on this, but he is doing a really credible job of putting some solid evidence behind your statements that the banksters are manipulating the gold price:
http://www.paulcraigroberts.org/2013/04/13/assault-on-gold-update-paul-craig-roberts/