A gold correction is coming. As long as you aren’t holding Old Turkey then the correct strategy is to wait patiently for gold to produce the next intermediate cycle low. Buying now is too risky, and it forces one to time a perfect top.
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Gary,
Highly doubt it goes up anymore. Instead a correction to 150s – 160s more realistic
Looks to me the Japan earthquakes may be the catalyst for helicopter drops… Stay tuned
Oil …. No deal as reported…..
As posted/advised last week, Up into April 7….
Down Into April 22
Sold big portion of All longs Thurs April 14
As posted
Will see what OIL does to drag market down
To what ? 1990-2000-2012-2030 ?
Will see….. If someone holds market up
Gare— can’t hear again… turn it up
It’s not on my side. Try turning your speakers up.
Gary, Incidentally, I noticed the low recording volume as well.
sound is nice and loud for me also .. so problem is on tulips end.
As I said stay tuned oil may still rise
http://www.bloomberg.com/news/articles/2016-04-17/kuwait-refineries-operating-after-it-says-oil-workers-walked-out
Bill, I was hoping for OIL to go above 43.50…. It did not so that’s why along with a few other reasons I sold my longs last THUR. Will re-enter longs when trend sorts its self out….. I was heavily in OIL and TSX, and short term trade emini SnP….
I need OIL to come up to $50-60 by year end or I will loose…..
Re: Mike Maloney new video Stocks and Real Estate Crash coming soon
GARY,
Mike Maloney has come out now saying Stock crash is coming soon, AND, real estate crash is coming soon…Pls see “urgent video” below by Mike Maloney. He has now videos where he pairs with
Harry Dent(the dent is in the brain area) , and together they blow into the deflationist trumpet as loudly as they can. Personally I respect Maloney, but think Dent is goofy looney alarmist clown.
GARY, what do you think of this video?
He is quite adamant with charts goin gback to the 1800s that a stock and rela estat ecrash is just around the corner. Please advise!
https://www.youtube.com/watch?v=Ne4YJYLm62g
No chance. This kind of nonsense sells subscriptions but one is never going to make any money from it.
The risk is another series of bubbles, not deflation.
GARY,
What GOLD cash price a HUI Of 170-175 translate into?
I have no way of knowing that.
Gary .. 3 guys went into a bar and each ordered a $3.21 drink … what would the change be for each if one paid with a $10 bill? LOL
Then the bartender remembers that it’s happy hour and drinks are half price.
He calls the waitress over and says, “I charged that table too much”; (he hands her 5 loonies – it’s Canada ya know and we don’t mess with 32 cents) “give those guys 5 bucks back”.
She thinks, ‘how am I going to divide 5 loonies among 3 guys? I know, I’ll give them one each, keep two for myself, they’ll never know the difference – call it a tip’.
When all is said and done, they paid $9.63
got back $3 for a total of $6.63 paid
the waitress took $2 = $8.63
What happened to the other dollar?
I’m glad I’m stupid and nobody asks me questions 🙂