Makes me want to raise $$ to buy smoe Saints....
renman95
Posts: 7,037 ✭✭✭✭✭
…in the near future.
"Death Cross"
Yamada sees the Continuous Commodities Index (the CCI) as now testing an important level on the downside. The CCI is comprised of nineteen commodities as diverse crude oil, gold, live hogs, and orange juice. The index has dropped nearly 7% in the past year and closed at 517.08 on Monday.
"Five hundred is the critical support level," says Yamada of the CCI. "It goes all the way back to the breakout point in 2010."
"What been happening over the past three years is a series of lower highs," says Yamada. "A break below [500] would indicate that there is more pain ahead."
$1000
"Let's put it this way: If you had $10,000 to invest on January 1, 2013, and you put it in gold instead of the market expecting the world to end by now, you are $5,400 behind where you would have been if you just put that money in the S&P 500."
"Death Cross"
Yamada sees the Continuous Commodities Index (the CCI) as now testing an important level on the downside. The CCI is comprised of nineteen commodities as diverse crude oil, gold, live hogs, and orange juice. The index has dropped nearly 7% in the past year and closed at 517.08 on Monday.
"Five hundred is the critical support level," says Yamada of the CCI. "It goes all the way back to the breakout point in 2010."
"What been happening over the past three years is a series of lower highs," says Yamada. "A break below [500] would indicate that there is more pain ahead."
$1000
"Let's put it this way: If you had $10,000 to invest on January 1, 2013, and you put it in gold instead of the market expecting the world to end by now, you are $5,400 behind where you would have been if you just put that money in the S&P 500."
0
Comments
Knowledge is the enemy of fear
<< <i> Charts 1-- Fundamentals 0 >>
FED 1 -- Fundamentals 0.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Liberty: Parent of Science & Industry
<< <i>
<< <i> Charts 1-- Fundamentals 0 >>
FED 1 -- Fundamentals 0. >>
I see it a bit different... my score is me +1... charts and fed's 0... its all in what you bought for and what you sold for and when..... score for those whom are not playing or in the game is actually 0/0...
Having said that, the fed has quadrupled the money supply in 5 years with no real signs of slowing down. That and we are close to the mine production cost so Gold is not a bad place to be.
Gee, remember how some here were predicting a year end rally in PMs?
<< <i>
<< <i> Charts 1-- Fundamentals 0 >>
FED 1 -- Fundamentals 0. >>
Isnt the FED the #1 fundamental?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i> Charts 1-- Fundamentals 0 >>
FED 1 -- Fundamentals 0. >>
Isnt the FED the #1 fundamental? >>
#1 manipulator.
--Severian the Lame
<< <i>You said "smoe". On PCGS.
Jet lag, no doubt.
<< <i>
<< <i>You said "smoe". On PCGS.
Jet lag, no doubt. >>
Fuddernutter. So I did...prolly tired.
Do they have a raffle, do they work more OT (assuming they actually work), take out a loan, dip into savings, rack up a nice credit card balance to make the purchases (I bet this is the main one if people are honest), hit up relatives a run a ponzi scheme, or do they sell off metals they already own which in effect defeats the whole purpose of what is being done?
Just wondering what everyones "way" is of raising cash?
Knowledge is the enemy of fear
I knew it would happen.
<< <i>…in the near future.
"Death Cross"
Yamada sees the Continuous Commodities Index (the CCI) as now testing an important level on the downside. The CCI is comprised of nineteen commodities as diverse crude oil, gold, live hogs, and orange juice. The index has dropped nearly 7% in the past year and closed at 517.08 on Monday.
"Five hundred is the critical support level," says Yamada of the CCI. "It goes all the way back to the breakout point in 2010."
"What been happening over the past three years is a series of lower highs," says Yamada. "A break below [500] would indicate that there is more pain ahead."
$1000
"Let's put it this way: If you had $10,000 to invest on January 1, 2013, and you put it in gold instead of the market expecting the world to end by now, you are $5,400 behind where you would have been if you just put that money in the S&P 500." >>
My Kool-Aid predicts $1100-$1000 for 2014-till late 2015. My Kool-Aid also has the DOW to 32k. in late 2015
<< <i>The charts kept me out of gold for the last few years. Fundamentals kept people in gold the last few years. Charts 1-- Fundamentals 0. The charts are beginning to look more favorable for gold now and I am nibbling. I see no rush but will buy as opportunity presents. >>
I agree. Charts (and the FED) trump fundamentals. Probably because the chart already factors in fundamentals as currently known.
You said a few months back that you'd get another chance to do a gold trade from $1200 to $1340. Well....looks like you're right back to the starting line again.