Can it be this easy? As the bad news piles up and a sharp
P3 looms..... (again), the four week correction has come and
gone.... no P3. Copper leading up. Can we count on
another 10 week bull run? I'll tell you what, each 10 week
run has been more ridiculous than the last -- no pullbacks, just a
steady levitation. If we do get this run, it will likely be
on light volume with the SP tacking on 4 points per day -- no
pullbacks. Weekly bull cross 50MA/200MA. $150 oil by
summer time?
Well, that's the idea, to maintain buying power....IOWs does a
loaf of bread cost $38.00 today? No, so why would it cost an
ounce of Silver in the future?
I'll make you a bet..................there will be a surprise
tick up in inflation just before the next elections and a increase
in Social Security check (crumb) will be issued.
It all depends on the dollar which depends on interest rates.
Here's a long term chart of gold,dollar and yield. Question is? How
do you raise rates when the economy is in the tank? Happened under
Jimmy Carter and look what happened to him!
Posted by lessarda on 24th of Mar 2011 at 12:12 pm
As Art Cashin puts it, Dorothy & Toto get swept up in a
tornado and land in a place that looks wonderful, but is imaginary!
Maybe we'll wake up in 10 weeks.
Four down, Ten up!
Posted by kalinm on 24th of Mar 2011 at 11:51 am
Can it be this easy? As the bad news piles up and a sharp P3 looms..... (again), the four week correction has come and gone.... no P3. Copper leading up. Can we count on another 10 week bull run? I'll tell you what, each 10 week run has been more ridiculous than the last -- no pullbacks, just a steady levitation. If we do get this run, it will likely be on light volume with the SP tacking on 4 points per day -- no pullbacks. Weekly bull cross 50MA/200MA. $150 oil by summer time?
$500.00 OZ Silver anyone?
Posted by jtverr on 24th of Mar 2011 at 12:28 pm
$500.00 OZ Silver anyone?
$500.00 OZ Silver???
Posted by perthx on 24th of Mar 2011 at 12:32 pm
Don't get me excited....but I fear should that happen it will take an ounce to buy a loaf of bread at the same time!
Well, that's the idea, to
Posted by jtverr on 24th of Mar 2011 at 12:36 pm
Well, that's the idea, to maintain buying power....IOWs does a loaf of bread cost $38.00 today? No, so why would it cost an ounce of Silver in the future?
However, don't worry because the
Posted by duesy on 24th of Mar 2011 at 12:36 pm
However, don't worry because the gov't will assure you that there is no inflation. Especially if it means paying for to those on soc sec.
I'll make you a bet..................there
Posted by ditch on 24th of Mar 2011 at 12:43 pm
I'll make you a bet..................there will be a surprise tick up in inflation just before the next elections and a increase in Social Security check (crumb) will be issued.
It all depends on the
Posted by ditch on 24th of Mar 2011 at 12:35 pm
It all depends on the dollar which depends on interest rates. Here's a long term chart of gold,dollar and yield. Question is? How do you raise rates when the economy is in the tank? Happened under Jimmy Carter and look what happened to him!
Nice chart and examples. Yep
Posted by matt on 24th of Mar 2011 at 12:21 pm
Nice chart and examples. Yep each pullback has been reflexive and not impulsive 5 waves, that's why the market goes higher each time.
Like in the Wizard of Oz...
Posted by lessarda on 24th of Mar 2011 at 12:12 pm
As Art Cashin puts it, Dorothy & Toto get swept up in a tornado and land in a place that looks wonderful, but is imaginary! Maybe we'll wake up in 10 weeks.
Good analysis Hope you are
Posted by freddy123321 on 24th of Mar 2011 at 12:09 pm
Good analysis Hope you are right! Good eye