There was a discussion by the FED that recent meeting found a
lot of disagreement to continue buying 85 billion a month
bonds.This is a key to actually slowing and or stopping bond
buying which is a support for Metals.
as 1 variant in my strategy i'm using the BPGDM system and
waiting for oversold conditions. i prefer to sell otm puts on both
gdxj and various gold miners. it is rare to own the underlying
stocks (although i did own abx for 2 days last month having gotten
assigned before i sold it at a profit). there are no home runs in
the strategy, but the profits were generous in 2012 (currently
holding IAG june 9 puts from .69). i have held physical gold and
silver over the years. at the urging of BPT I unloaded most of my
physical silver position (some gold) in Sept 2011
(looking to re-enter). BPT subscription has more than earned a
place in my tool box. trading ideas from the community have also
proved profitable. hope this helps. no comments on the debasing
of the USD by the FED.
Or Asian Equities - Japan or China ... both countries selling US
Bonds buying own equities... FED cannot prop Bond market much
longer ... SELL all bonds a crash is possible.
I cannot follow your arguments. Bonds are beeing sold, much more
can come, here I'm with you. But why sell gold because of that?
Sell off in bonds means much higher interest rates. higher
interest rates means much more trouble for economy and the whole
debt problem (which there is no solution anyway imho).
I'm not sure that the USD is the place to be when there is a system
breakdown... and the only thing the FED can do is to inflate
even more.
Japanes stocks are not rising because of the strong japanese
economy. Japan is going the US-way and is weakening the Yen, very
successfully. They are just inflating the stock market. Nikkei
looks like a flag stick.
Support for metals? So without the bonds buying Gold would be at
500$ ? The Bankster do everything to survive..... as long as
possible. Part of the game is to prevent gold from rising.
Disagreement within the FED? They all know that their job is to
inflate. They won't stop printing, so this message by the FED was
targeted to the gold traders and means "We do everything to
prevent a new gold bull!!!"
I suppose gold can only rise when politics and banksters fail. I
bet on gold.... it can take a while but the longer it takes the
worse it will be...
I, like most others here at Breakpointtrades, trade stocks
short-term and benfit immensely from the technical wisdom on offer.
But I also carry a long-term position on gold because in my
opinion, the US $$$ and the US fiscal situation is nothing more
than a house of cards waiting to collapse.
Waiting to be proved correct (paid off), however, has been
painful. I call it "The frustration of knowing you're right
and suffering the consequences anyway". Quite similar to
carrying a position based on fundamentals when the technicals are
saying don't do that.
I concur: there's untold manipulation going on in the precious
metals arena. Too much at stake for those with the power to
allow things to play out the way we know they should. How is
it that Bernanke can hint at the possibility that maybe, somewhere
down the road, the Fed will stop buying Treasuries, and as a result
of that garbage, the gold market breaks down? Do people think
for themselves?
Quite the farce...especially if one stops to think about what
they have doing anyway: that is, buying their own debt. Sort
of like me using a credit card to deposit money to my checking
account so I can pay my bills. One day the music stops!!
I got onto the gold bull in 2004. I was taught at the time
that gold stocks would be leverage on gold. More importantly,
I was taught that gold stocks led the metal. I was pretty
green back then -- I put my entire 401(k) into Fidelity Select
Gold. Gold (the metal), soared..... gold stocks didn't do
anything. There was no vehicle like GLD at the time (or at
least I wasn't allowed to own it through Fidelity). Once I
made a small gain, I bailed completely. Of course that is
when gold stocks soared LOL. Anyway, the first two years of
the gold bull saw massive appreciation of gold miners in
anticipation of the 12 year run in gold. For over two years
now, gold stocks have pretty much sucked wind. Further, they
failed to make gains in the parabolic silver stage. To me,
that is a warning -- especially when the broad stock market is in a
vicious bull run. I don't know why there is a disconnect, but
I do know that a 12 year run is about what was projected back in
early 2000s (before anybody could have known about QE). Gold
stocks (to me) look broken and are forming this ominous mother of
all head and shoulders potential topping patterns. Of course,
maybe it is just a massive basing pattern.
Metals are very weak because?
Posted by rbreese on 4th of Jan 2013 at 12:21 am
There was a discussion by the FED that recent meeting found a lot of disagreement to continue buying 85 billion a month bonds.This is a key to actually slowing and or stopping bond buying which is a support for Metals.
quasi alternative viewpoint for gold miner positions
Posted by hazbin1 on 4th of Jan 2013 at 08:17 am
as 1 variant in my strategy i'm using the BPGDM system and waiting for oversold conditions. i prefer to sell otm puts on both gdxj and various gold miners. it is rare to own the underlying stocks (although i did own abx for 2 days last month having gotten assigned before i sold it at a profit). there are no home runs in the strategy, but the profits were generous in 2012 (currently holding IAG june 9 puts from .69). i have held physical gold and silver over the years. at the urging of BPT I unloaded most of my physical silver position (some gold) in Sept 2011 (looking to re-enter). BPT subscription has more than earned a place in my tool box. trading ideas from the community have also proved profitable. hope this helps. no comments on the debasing of the USD by the FED.
30 Year Bond Run is done... US Equities overpriced
Posted by amillett on 4th of Jan 2013 at 06:01 am
Or Asian Equities - Japan or China ... both countries selling US Bonds buying own equities... FED cannot prop Bond market much longer ... SELL all bonds a crash is possible.
amillett, I cannot follow your arguments.
Posted by zwyss on 4th of Jan 2013 at 06:17 am
amillett,
I cannot follow your arguments. Bonds are beeing sold, much more can come, here I'm with you. But why sell gold because of that?
Sell off in bonds means much higher interest rates. higher interest rates means much more trouble for economy and the whole debt problem (which there is no solution anyway imho). I'm not sure that the USD is the place to be when there is a system breakdown... and the only thing the FED can do is to inflate even more.
Japanes stocks are not rising because of the strong japanese economy. Japan is going the US-way and is weakening the Yen, very successfully. They are just inflating the stock market. Nikkei looks like a flag stick.
Interest Rates Rise -Dollar rises - Gold ran UP
Posted by amillett on 4th of Jan 2013 at 07:06 am
for ten years on INVERSE of this situation.
We now go to HIGHER Taxes HIGHER Rates and Middle Class Squeeze.
Gold is headed WAY LOWER at LEAST 50% of 10 12 YR move up
Bond selloff Interest rates spike housing done
Posted by amillett on 4th of Jan 2013 at 06:07 am
Taxes Up... Gold dumps Where to go ? KING DOLLAR SPIKING GO TO CASH before the CRASH.
Support for metals? So without
Posted by zwyss on 4th of Jan 2013 at 03:17 am
Support for metals? So without the bonds buying Gold would be at 500$ ? The Bankster do everything to survive..... as long as possible. Part of the game is to prevent gold from rising. Disagreement within the FED? They all know that their job is to inflate. They won't stop printing, so this message by the FED was targeted to the gold traders and means "We do everything to prevent a new gold bull!!!"
I suppose gold can only rise when politics and banksters fail. I bet on gold.... it can take a while but the longer it takes the worse it will be...
I'm 100% with you, zwyss.
Posted by RichieD on 4th of Jan 2013 at 07:22 am
I, like most others here at Breakpointtrades, trade stocks short-term and benfit immensely from the technical wisdom on offer. But I also carry a long-term position on gold because in my opinion, the US $$$ and the US fiscal situation is nothing more than a house of cards waiting to collapse.
Waiting to be proved correct (paid off), however, has been painful. I call it "The frustration of knowing you're right and suffering the consequences anyway". Quite similar to carrying a position based on fundamentals when the technicals are saying don't do that.
I concur: there's untold manipulation going on in the precious metals arena. Too much at stake for those with the power to allow things to play out the way we know they should. How is it that Bernanke can hint at the possibility that maybe, somewhere down the road, the Fed will stop buying Treasuries, and as a result of that garbage, the gold market breaks down? Do people think for themselves?
Quite the farce...especially if one stops to think about what they have doing anyway: that is, buying their own debt. Sort of like me using a credit card to deposit money to my checking account so I can pay my bills. One day the music stops!!
Title: Former gold bug I got
Posted by kalinm on 4th of Jan 2013 at 08:00 am
I got onto the gold bull in 2004. I was taught at the time that gold stocks would be leverage on gold. More importantly, I was taught that gold stocks led the metal. I was pretty green back then -- I put my entire 401(k) into Fidelity Select Gold. Gold (the metal), soared..... gold stocks didn't do anything. There was no vehicle like GLD at the time (or at least I wasn't allowed to own it through Fidelity). Once I made a small gain, I bailed completely. Of course that is when gold stocks soared LOL. Anyway, the first two years of the gold bull saw massive appreciation of gold miners in anticipation of the 12 year run in gold. For over two years now, gold stocks have pretty much sucked wind. Further, they failed to make gains in the parabolic silver stage. To me, that is a warning -- especially when the broad stock market is in a vicious bull run. I don't know why there is a disconnect, but I do know that a 12 year run is about what was projected back in early 2000s (before anybody could have known about QE). Gold stocks (to me) look broken and are forming this ominous mother of all head and shoulders potential topping patterns. Of course, maybe it is just a massive basing pattern.
Nice Gold article from this AM
Posted by amillett on 4th of Jan 2013 at 07:51 am
U.S. Dollar rallies off of support again, as traders rush in to sell Gold & Silver-
2013-01-04 07:32:41-05
CLICK ON CHART TO ENLARGE The U.S. Dollar has found line (1) to be support over the past year. Over the past few weeks the US$ is moving higher again off of this support. As traders are moving flows towards the US$, selling is taking place in Gold & Silver, creating a series of lower [...]
http://blog.kimblechartingsolutions.com/2013/01/u-s-dollar-rallies-off-of-support-again-as-traders-rush-in-to-sell-gold-silver/