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As long as all this takeover speculation remains in force, it is difficult for the market to go down.
Way too much money to be made by the Investor's Business Daily mo-mo gamers, who will be noticing this stock on the scans, "breaking out of a sound base on 3x normal volume"
Hey, look, a random chart. Thanks.
You'll notice it didn't post a chart of icahn's other success story, namely MOT. That candle is the kiss of death. lulz
This company is run by crooks.......willing to dilute and steal your money on a moment’s notice....they done it before and they are most likely manipulating stock now
Robo the bull says: "look at me, ma, i'm long the
fraud and lovin' it. "
banks trying to take away the right of recission.....
I have been talking about strong dollar, gold going down, euro down for weeks ( Ben is great, pomo is good, dollar bears are crazy )
Spritzer/sheepdog/tmosley do not want/understand how this can play out. It will be good to get back into gold at $1,200 after the miners get blowtorched.
Spalding, get your foot off the boat! You don't need to think Ben is great and POMO is good to be long dollar. I also believe in booking the long dollar profits and buying physical... there is only one piece of the puzzle that has yet to materialize: the equity market beat down. Now where could it be?
Dads gone, its my boat. The dollar is going up all year in 2011 just like stocks. The double wammy of strong dollar/GDP 3.5/bill clinton type reflation is a monkeyhammer for gold/silver.
Euro heading under 1.20, China rate hike/slowdown will also hammer commodities a bit ...
So the economies going to pick up as is demand for the infinite emissions of our debt? How? I know your not a fan of China, if they crash won't their sale of assets take the wind out the US bond auction sails?
Or is the idea that as the world burns that people will put their money in the most flamboyant of the big spenders?
I'm a big fan of China long term after she hits bottom in the near future, after that I'm all in. China will buy bonds, that peg must hold steady maybe 5% a year move against the dollar. Everyone has dollar denminated debt with a 3.5 GDP print and the euro issues the dollar will make a nice home for many. The hot money will move into stocks. Jobs will be picking up Q3 everyone will wish they had C/BAC/MET/PRU
Jim Rogers would not buy gold at this price - REUTERS 2011 INVESTMENT SUMMIT
Heads up gamers....
Seabridge Gold took off today from a base on way above average volume.
It already showed its hand with big volume days in April and May. Usually this is a tipoff for a big move.
Not many buyers above DOW 11,500... much to the FED's surprise... and nobody else's.
Buyers?? What's that?
All the buyers are like Robo: Look, ma
I can trade the fraud....wheee!!!!!
"As far as equities are concerned I am still very convinced we are nearing a top that will prove the high for at least a year."
Amen, Nic. I believe, man, I BELIEVE!
Yeah but he called 1160 the short of a lifetime too! :)
"As far as avatars are concerned I am still very convinced we are nearing a top that will prove the high for at least a year."
Madre de Dios !
CNBC sez bondz will crash and stocks will go up up up. They are on teevee so they are super-smart.
Perhaps the cyclical stocks are
discounting Sarah Palin as the next President??
Deep freeze here in Ireland. Huge impact on retail sales in these most important final days before Christmas. Nic's belief that we may be nearing a top in stocks warms me up no end!
Yes, the cold spell is having the same sffect on retail in the UK. Shoppers staying at home. The BBC find it worrying what effect this will have on the `ecconomy`. As our ecconomy is largely banking, government, housing and retail they have a point. Perhaps VAT reciepts will be down a bit. If it was viable to manufacture here we would be in better shape, but we make practically nothing. I tried in vain to find a bycycle for my 6yr old daughter that was made in the UK, there is no such item on sale. The closest I could get was `designed in the UK`, pathetic really. On the other end of the technical scale we continue to loose high tec businesses and manufacturing to the more welcoming tax and labour environments in the east. Outside London the housing market is very slow, government is downsizing (too little & too late) while the Banks seem to be succesfuly massaging their ballance sheets for now. So when the BBC worry that the cold spell could `derail the recovery` I have to ask, What recovery?
From Trader Joe over at Cap Stool:
Back in September when Adobe was getting crushed, Joe
Eddie Terror Nova on "Lost Money" said:
..."I would not own
Adobe here, it has further downside ahead..."
It was trading at just about $26 at the time
As per usual, I faded him and made some nice coin
Up $1.75 after hours.
You are really stretching the limits of credibility with your new bearish gold formations every day. Sometimes an uptrend is just an uptrend and three bumps in a row are just three bumps in a row.
Nic:THe printing press will always beat the deflationistas.
Robotrader:Ease up on the pomo porn, just post the pure porn.
What a surprise.
Market is crashing again this week - worrying, concerning,bearish with conviction.
Don't really understand the hysteria on the PMs, Nic. So Gold and Silver had a minor selloff. Not sure the "Bearish triple-witching engulfing" patterns are worth much during a thin holiday market at the end of the year where commodity traders at big funds might be ringing the register to buy Champagne. In fact gold barely got back down to 1360 while RSI dipped down to 50 or so. I'd call that a bullish divergence, if anything. Higher lows on the correction sets up for a strong start to 2011.
Yes but there was a confirmed omen omen and the moon is eclipsing tonight.Also Lindsay Lohan has not been arrested for a month this is traditionaly bullearish for stocks. Also dont forget the fed is pumping the market in the back end with HOMO. A double D dip is out of the question until it is and the hair on the back of my neck stood up while watching an interracial DP porno last night which always implies the things it usually doesn't...another words...go to fucking Vegas..much better odds.
Oh Nic-ee you're so blind, you blow my mind, hey Nic-ee...
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