Remaining firmly in the inflation camp and here’s why
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That’s what they said about the stock market too three weeks ago. No one ever believes me at these intermediate cycle lows.
http://blog.smartmoneytrackerpremium.com/2014/11/commodities-major-turning-point.html
Hey Gary, Is this enough for stocks to take a breather this week?
http://scharts.co/1x7DTqd — NYSE McClellan Oscillator shows overbought.
I never try to call short term tops early in an intermediate cycle. More often than not you just end up getting left behind. I’ll exit when I see Nasdaq 5100. Everything else is noise.
Interesting, yes, I get it. Thanks for the insight.
I think oil is going down to damage Russian economy. like in 2008 when Russians bombed Georgia oil went down to 30. Today Russians bombing Ukrainian towns
and us pushing oil down. Sanctions.
It just that I tend to think something has to at least stop moving down before it bottoms, much less move much higher?
Commodity cycle low occurring early. Details?
It’s on his most recent blog post:
http://blog.smartmoneytrackerpremium.com/2014/11/commodities-major-turning-point.html
I have to agree. But I see the wave 5 down FINISH HIM! (absolute bloodbath) to occur very soon, then possibly the move up in commodities (gold and oil) will start. Interesting times as Doc says so often…
Once again I must completely disagree with this interview, on many levels.
First I need to repeat this for the umpteenth time
YOU CANNOT LISTEN TO EVERYONE.
THAT LOGIC IS COMPLETELY FLAWED.
AMOUNT OF INFORMATION IS NO SUBSTITUTE FOR QUALITY OF INFORMATION!
And what if the people you are listening to are contradicting each other?
I will repeat it again DO YOUR OWN THING.
The only people who recommend listening to other people are the people who are selling something.
second,
Everyone is giving GARY Kudos NOT ME.
he just said last week he thought the bottom was going to me next summer,
Now ONCE AGAIN HE IS CHANGING HIS MIND
THIS IS NO SMALL TURN AROUND.
GOOD THING PEOPLE DIDNT LISTEN TO HIM LAST WEEK WHEN HE WAS ADAMENT IT WAS GOING TO BE NEXT SUMMER. IF THEY PLACE THEIR BETS EARLY BY LISTENING TO HIM THERE SCREWED.
ANOTHER FLIP FLOP.
you can make it look smart by calling it flexible, I call it indecisive and flip flopping.
He is also totally confused on what deflation and inflation is.
Money being indescrimminently tossed around has nothing to do with what inflation is.
I live in the north east, NYC.
construction is all over the place, roads are being revamped, people are moving in,
Restaurants, bars, clubs, malls are packed.
Pele are waking around with 2k dogs and spending like there’s no tomorrow
Go somewhere else it is a different picture.
COMMMODITIES ARE CLEARLY SIGNALING DEFLATION
“COMMODITIES ARE SIGNALING DEFLATION”
Man that is so off the truth .. As much as the deflation pundits talk about quadrillion in derivatives none of you mention how beyond absolute insanity pms have been rehypothecated. If gold was at a true market value you would be laughing at how clueless the deflation argument is when using pms as an indicator right now
Unfortunately the big banks and central banks have figured out how to restrict the PM and especially gold prices…. Just lease out more. That controls that supply and demand argument until people start asking for their gold.
Cory very much agree. I suppose the quadrillion dollar question is are we or are we not getting close to a physical default?
http://www.peakprosperity.com/podcast/88558/ted-butler-silver-nightmare-will-over-soon
Ted seems to think so though I’ve been told he has thought so for a number of years…
Thanks btw for the input on the blog and congrats on the engagement 🙂
Thanks Jay 🙂
Cory, You might think the US is in charge of manipulation in the gold market, but you need to look a little closer to see who is really letting that happen, don’t be deceived by the guy who drives the leased Mercedes.
Thanks for you comment James. I understand that you do not like to listen to everyone and you seem to not like to hear differing opinions but that is what I find very useful. The are a ton of ways to examine charts and sometimes hearing a differing opinion can open you up to things you were not considering. If you find it does not help you, that is fine as well.
As for deflation and inflation, it is a very difficult topic. Yes commodities are showing deflation but the markets are showing inflation. What I worry about is that markets are nothing but paper (and now simply numbers on screens).
James,
What position could traders possibly have taken? If you are waiting for a bottom and I say that it might come earlier than I previously thought you are still waiting, the only difference is you may buy earlier than you were expecting.
Do you even read what you write to see if it makes any sense?
Geeez…
Gary, please tell exactly why you fliflopped on your gold call – I doubt there is amy change in the charts since yesterday, so what are you seeing overnight that made you rethink your position???
I haven’t changed anything about gold. It’s still due for an intermediate cycle low soon. The only thing that may change, emphasis on the word may, is that this may turn out to be a higher degree bottom than I am expecting. Instead of just a yearly cycle low, it may also turn out to be a 3 year cycle low also.
I can’t say for sure yet. I will need to see how the commodities behave as they come out of the impending bottom and whether they make some higher intermediate highs. But sentiment levels are suggesting this may be a bigger cycle bottom than just an intermediate decline.
listen to everybody….. boy, that is a rather brilliant remark…
Human nature is fascinating.
For years gold bugs have been in denial about the price of gold falling.
Now that someone is telling them that we might be close to the start of a massive rally they shoot the messenger.
I can’t see oil turning up so soon. It should head to 70 and if the bounces fail from there it could head to 60 based on the next support. If it bounces soon it likely won’t last long.
Gold is dropping like a rock
Gold doesn’t like the GOP any better than the Dems
Why do I have a gut feeling that Big Al has requested Gary to tone it down about having to wait next summer for Gold to rise again.
Key lime good point I think you are right
Gary has a poor track record. He predicts both sides of the fence constantly, so he’s sometimes right. How many times he’s called for the low of the year, you’d need a calculator to add up. He’s lost a lot of people a lot of money over the last 3 years.
I have added just a 1000 shares in transocean to play a short oil rally. Experts calling for $10 to 20 and some $50 oil which makes no sense as they will not allow the oil industry to shutdown and lose jobs.
The dollar needs to correct a bit now before it heads higher.
I donno folks. Oil doesn’t look like bottoming to me.