Interesting gold commentary from Gary
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Allied is not the canary. Harmony mine is more of a canary. Allied was to young. Many examples of companies going bust before they even really get going. Collosus was a similar screw up. We want to see existing mines with production history go bust. Poorly planned and managed start up mines will always go bust no matter the commodity prices.
Just like the housing bust started in sub prime and worked it’s way up the food chain the bust in miners will start with the weakest and eventually infect everything but the strongest.
Same with oil.
Do you agree or disagree with Clive Maund that a bear market in stocks is imminent?
http://www.clivemaund.com/article.php?art_id=3467
That question is for everyone.
I think a small correction is coming – say 10 to 15% but I don’t think the markets are done moving up.
Mr. “I don’t know how to spell” did not specify a time frame.!
When you learn how to spell, I will comment.
Ho well, as my wife says, don’t laugh at the unfortunate.
Yes, I do agree with Clive Maund.
What did I misspell? 🙁
Did you respond to that or did your “much more intelligent daughter”?
Am I missing something, Al? You seem a tad bothered.
Big Al:
Regarding ”…spelling…”, perchance was your ‘…Ho well,…” [contained in line 2 of your message body] intended to be ”…Oh well,…” .?.?..
😉
—LFP
Great Point. I was thinking that maybe Al was kidding around with the Ho Well, after the comments on spelling….but maybe there is a spelling curse on this blog that is spreading…..
Stocks are due for a move down into a 7 year cycle low either later this year or early next. The Fed is going to intervene in the market to try to prevent it. It’s anyones guess as to what the outcome will be.
Notice we have another magical rescue today to paint the tape and make the weeky charts look bullish. This is 4 out of 5 weeks where the Fed has had to step in and force the markets back up. In a market with no natural buyers who knows how long they can keep this up.
Bull or bear market Gary, hint, its not a trick question
http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=7&mn=2&dy=0&id=p15913057820&listNum=1&a=410112059
Bears don’t have horns .
I am long oil and short gold. Just wondering which way the $ will move so that I can make me some.
Well if oil doesn’t hit $68 this Summer we can always just blame Gary. 🙂
I would prefer to blame Frank from Moscow! He really deserves it!
Al, I hope you realize that Frank from moscow is not me. If you think I’ve offended you, why don’t you just say so?
Trust me wocsom morf knarf,
You have not offended me in the slightest.
Good. I didn’t thinks so at first but it can be hard to get someones “drift” in print. Thanks for clearing that up for me.
Al, are we missing something you seem a tad bothered…
please read over comments…
Not bothered Agatha,
Just in the recovery stage.
I think we will have bloodbath phase instead of bankruptcy phase.
Silver COT at ALL TIME HIGH says murk is coming via silver gold will be murked too.
Therefore this should be short event hance bloodbath phase, but JMHO.
Get ready for murk of your lifetime folks. Get me my $1000 now.
stewie:
please stop ”murking” around and either:
1. get everyones’s PO Box address and forward each of them a (preferably) hard-bound copy of ”Roget’s Thesaurus of Never-Heard Web Acronyms”
or
2. define, once and for all what you mean by a ”murk”, for future reference for this blog’s members
or
3. stop being such a coy smart-ass, and drop the term from future posts, at least until such time as you’ve generously (and considerately) complied with either 2 or 1 above.
Stewie what is murk?
In regards to Al & woscum …. You are extremely funny…
According to the urban dictionary:
To physically beat someone so severely, they end up dying from their injuries…
http://www.urbandictionary.com/define.php?term=murk
Thank you:
I’m archiving this one and apologising for not having followed the thread this point.
On the other hand, I hope you’re happy about this. Think of all the shipping and handling cost you saved yourself 🙂
Best to you, mate !
Correction:
I’m archiving this one and apologising for not having followed the thread this point.
should’ve read:
I’m archiving this one and apologising for not having followed the thread *TO* this point.
Chart to go along with today’s commentary.
http://blog.smartmoneytrackerpremium.com/2015/05/chart-of-the-day-77.html