Gary, recently your post says a Dow top. Now this post says dollar top. Should a topping dollar be bullish for stock markets?
The only correlation between the dollar and anything else is what we make of it. In this manipulated market, nothing really matters. However, what investors should be eyeing is China. If China’s market resumes its crash, we are going down, down to China town.
It doesn’t look like the currencies are having any effect on the markets.
Burrito bet? Very funny – that just made me laugh out loud.
I forgot who bet it, no for burrito next time but gold coin, easy can be mailed to Gary….
Thanks Tom for the reminder.
I don’t remember which troll it was, but at the time he was quite nasty about expressing how wrong I was about the dollar.
I just thought it was appropriate that I remind him he was the one that was wrong.
Of course that troll is now hiding back under his bridge. He would never have the balls to come back and admit he was wrong. That’s how it is with trolls.
An actual uninterrupted selloff in the market today – I don’t believe my eyes. Almost time to load more gold miners.
Scuse me, but i remember you said you were expecting a dollar index at 120…. or close .
Now 94…. ???? maybe, after that bottom you expect the rally???…. Is that right???
Here is what I’m looking for.
gdx or gdxj has better value now?
Neither. Buy the individual stocks. NEM, EXK, SVLC, etc….that way you avoid fees, decay, and contango. Most ETFs do not perform the way they are supposed to.
Initiated a position in some miners again: bought SSL.TO at 3.06 (sold at 3.95 three weeks ago). AR.TO at 1.30 (sold at 1.64 three weeks ago) and TMM.TO at 0.39 (sold at 0.99 few months ago). Some panicking in these stocks today. These stocks fell between 7 to 8% today, feels like accelaration and panicking.
nobody wants to buy the junk yard..
GLD has to spots to be consumed by markets, 100 and 140. When 100area is consumed we are heading back to 140, nice 🙂 watch the GLD carefully until it reaches 100 is my humble opinion !
dollar is down. the banksters are still smashing the gold.
So much for that selloff…Nascrack already green after hours. Wonder if Denver Dave is still short AMZN.
I am pretty confident in saying that May and June lows will be pierced and that the uup will be in the 24.20s.
Gold is acting tonight that it wants lower! If 1080 doesn’t hold….then look out below!
For those expecting a big countertrend rally in gold? http://cdn.meme.am/instances2/500x/892797.jpg
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