Thursday, July 26, 2012

You Will Really see the Shorts Panic

“The gold market has been in this consolidation pattern, and building a base for a long time now. The bigger the base, the larger the move out of that base. If we get a breakout from this very large base that gold has been in, and gold is able to take out $1,700 on the upside, that is where you will really see the shorts panic.

If gold breaks $1,700, it will be absolutely devastating to the gold shorts. With a break above $1,700, I would expect gold to move very quickly to the $1,800 level because of the amount of energy that’s going to be unleashed in that market.”


- Trade Dan Norcini via a recent King World News interview, read the full interview here:

Monday, July 23, 2012

Oil and Gold Seasonals Suggest Buy Buy Buy!

"The long-term seasonal data for gold and oil has not just remained relatively highly correlated over time but, as Barclays points out today, has very clear periods of bearishness, consolidation, and bullishness. While Gold may have another month of treading water, the period from September to mid-October is empirically bullish while Brent's August to mid-October period is the most bullish segment of the year. Given gold's stability in the past month or so since the EU Summit, and oil's surge (and modest pull-back very recently), seasonals certainly provide some technical support for BTFD here in these QE-sensitive, real assets."

- Read the full article at Zero Hedge here:

Monday, July 16, 2012

The European Union Has found the Solution!

Finally! The bureaucrats in Europe have discovered the solution to the worldwide debt crisis! /end sarcasm

Saturday, July 14, 2012

The Banking System is Corrupt. Dilbert Gets it!

It seems that even Dilbert understands the current corruption that is the banking system. So the question is, when is the general public going to wake up?




Thursday, July 12, 2012

Everyone Should Have Gold and Silver

"I believe everyone should have gold and silver in his or her own private possession, where you can lay your hands on it, because they are one of the few financial assets that can be completely private and not part of the financial system."

- Mike Maloney

Keiser Report: Ponzi Overdose

 

"In this episode, Max Keiser and co-host, Stacy Herbert, discuss the naked crime wave resulting from an overdose of synthetic stimulants like quantitative easing, bailouts and low interest rates. In the second half of the show Max talks to Ian Fraser of IanFraser.org about the Li(e)bor scandal and other banking crime waves emerging from the City of London."

Sunday, July 8, 2012

Gold Market to Explode Higher in Price

"Commercial banks currently hold $1.42 trillion worth of excess reserves with the central bank. If that money were to be suddenly released, it could, through the fractional reserve system, have the potential to increase the money supply north of $15 trillion! As silly as that sounds, I still hear prominent economists like Jeremy Siegel calling for just such action. If they get their wish, watch for the gold market to explode higher in price as the dollar sinks into the abyss."

- Michael Pento via a recent King World News article, read the full article here: