Popping in from my hiatus for a quick review of the markets as I have marked this week as a potentially eventful one this year.
As I suspected, there appears to be a concerted effort to prop up the equity market during the light volume days before Memorial Day weekend. This is similar to a number of bullish breaks over the past five years, most recently the holiday shortened weeks at the end of last year. However, since the fundamental backdrop for companies has not changed for the better, and with valuations near all time highs, it would not surprise me to see a repeat of January and February in June and July.
Gold, having risen from the $1200 to $1300 level last month has come back down to the low $1200 level in rather dramatic fashion due to a combination of hawkish Fed speak, short term overbought conditions, and historically weak seasonal performance this time of year. And when numerous billionaire hedge fund managers start giving bullish speeches about gold all at once, the over enthusiasm creates perfect conditions for traders and algorithms to take profits.
Nevertheless, the sell off has created an opportunity to accumulate a position in gold for the 5-20% of a balanced, diversified portfolio. There is fear, uncertainty, and panic as weak hands abandon their long positions - the perfect set up to enter into a long position on any asset. While there may be further downside ahead in the short term, the long term bullish conditions for gold have not changed one bit.
Gold target is 3000, not 1300. I keep buying....
Stock market is in pre crash mode....what will come will come.... Patiently waiting for the crash
P.S. Now you BAGHOLDER DUPES should finally be able to figure out why Old Baldie (Cramer) and Old Sleazo (Gartman) have been WRONGLY PUMPING these DYING silver/gold PIG FARMS in the worst way this past week....the CNBC HUMAN FILTH have served as dutiful little whoores for the wall street gold/silver SHORT slimesters for DECADES now, in ALL their LYING PHONY PUMPS of these DYING silver/gold PIG FARMS, and until you PERMA-SUCKERS figure out that FACT, you remain the forever DUPES you ALWAYS have been, right, girls???? Duuuuuuuuuuuuuuuuhhhh??? Duuuuuuuuhhh???? ROFLMAO ROFLMAO
Please enjoy the gold/silver PANIC SELL CRASH coming to DESTROY this entire gold/silver PIG FARM sector, smarter pros WARNED you SUCKERS so many times and, as the WINNERS that smarter market pros happen to be, now holding MAXIMUM gold/silver SHORT and PUT positions for yet another CERTAIN MASSIVE $$$$$$ SCORE!!!!!!! ROFLMAO ROFLMAO
More than OBVIOUS to all smarter and experienced market pros!!!!!! ROFLMAO
Ladies, all smarter pros know that Obama appointed former Citigroup weasel, Jack Lew, to become head of the US Treasury and since that time, he has engineered THE WORST gold/silver CRASH seen in USA history....so when the Citigroup HUMAN FILTH pump these silver/gold PIG FARMS, well, girls, that is your 100% GUARANTEE that they will CRASH Into the toilet where they ALL belong!!! CItiGroup maintains a PERMA-HATE for these gold/silver PIG FARMS, and not only did Jack Lew engineer a silver/gold crash, he also colluded with JP Morgan sleazesters to create a collusive illegal SHORT CORNER aimed against ALL commodities and commodity currencies (e.g. Canuck Dollar, AussieFailia Dollar), one that has driven most of the commodity-dependent Midwest states into a recession or depression......and girls, anybody who tells you otherwise is a clueless amateur DUPE and/or a WRONG WAY silver/gold PUMP SCAM artist!!!!
FACTS, ladies....FACTS!!!!! ROLMAO ROFLMAO
Tried to warn my POOR sweet amateur gold/silver BORN SUCKERS and BORN FAILURES, again:
Gold and silver are championed by ZERO IQ LOSERS and BORN FAILURES...I have NEVER NEVER NEVER met a gold/silver cheerleader who can figure out how to tie his own shoes....they are the MOST PATHETIC RETARDOS of the world, genuinely nothing but AIR inside their ugly heads!! ROFLMAO
ROFLMAO ROFLMAO ROFLMAO
Tried to warn my POOR sweet amateur silver/gold ZERO IQ SUCKERS, again:
ANOTHER silver/gold RAMP SCAM by the silver/gold CALL WRITERS , CONTRIVED in order to DUMP WORTHLESS silver/gold CALL options into the hands of the AMATEUR SUCKERS and BORN FAILURES!!! Try NOT to be SCAMMED, again, my POOR sweet amateur silver/gold BORN LOSERS!!!!
Tried to warn my POOR sweet amateur gold/silver RETARDO SUCKERS, again:
The DESERVED PANiC SELL CRASH in most of these gold/silver PIG FARMS will happen at any moment, the only variable being, "when," NOT "if," while my Dow/Nasdaq favorites (GOOG, AAPL, FB, AMZN, EXPE, PCLN, SBUX, WYNN, NFLX, etc etc) will continue to set NEW RECORD HIGHS, again and again, until the interest rate reaches 5% or HIGHER...and that means, for YEARS to come, LONG positions in the Dow/Nasdaq favorites are effectively RISK FREE!!! THAT is a PURE TECHNICAL FACT, girls!!!!
Germans always consider the rest of the world to be fair game.
Sentiment: Strong Buy
If Deutsche Bank fails, they will be just getting what they deserve for illegally rigging the precious metals markets.
Sentiment: Strong Buy
A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for "equity trading fraud," and then Bloomberg reports that The SEC is looking into Deutsche's post-crisis mortgage positions.
Sentiment: Strong Buy