Monday Commentary from Gary Savage
Click download link to listen on this device: Download Show
One would certainty think so Bob!
People hated me, now they have Janet.
Who do you love now?
Uncle BEN………could you please send me the check you promised for supporting you all these years. ….We have been close associates , and we have fully supported you these past years…I know that your speaking engagements have been limited, as evidence of the rejection you received on your most current mortgage application. Do not fear, I understand ISIS is looking for you as a recruit for their upcoming party they have scheduled on the Rio Grande. They have indicated that they feel dropping you from the helicopter would be the grand reward for all your efforts in establishing us as the most indebted nation ever. We love you, and look forward to your smashing success.
of course the above was for entertainment purposes only,
roflmfao @ Bernanke !!!
Sorry James, I don’t understand!
That was a lovely drop in the markets towards the end. What brought that on?
It will be interesting to see if the Plunge Protection Team will allow the markets to tank in front of the midterm elections. I’m sure they’re burning the midnight oil over this one: Wonder how that affects the House Rs as much as the Senate Ds incumbents!!!
When in doubt throw the bums out. The worst that you’ll get is what we’ve already got.
In some cases bj!
What happened to 1050?
Probably not due till next summer. Right now gold is getting close to an intermediate bottom. and another counter trend rally.
From late 2001 to late ’03, the senior gold miners went up 542% ($HUI:$SPX). Stated another way, the senior gold miners went up 339% (in dollars) while the S&P 500 went down 50% (in dollars).
From its 2000 high to late 2004, the S&P was down 24%. From its 2000 low to its 2004 high, the HUI went up 630%. Countless junior miners did far better, but there was no index or etf for comparison.
http://stockcharts.com/h-sc/ui?s=$HUI&p=W&st=2000-03-13&en=2004-11-22&id=p24642940478
Conclusion: barring a broad market crash, the miners can do very well while conventional stocks decline —as we experienced today.
thanks for the info…..Matthew……appreciate………………………j
Another 50 points down on the S&P would be great…. another 100 points down… would love that as well…but surely that would take the DOW and NASDAQ down considerably?