I know your kidding. If we get a huge drop, I'll double down and profits will be that much sweeter. Same goes for RSX. Right now I'm buying guns and ammo. Stock market is not a high priority right now. :)
Pretty good. Trying a beer I never had before called Sierra Nevada IPA Hop Hunter. It's another winner.
Operation Jade Helm "exercise" invading the Southwest on July 15, 2015 (meaning the US Army et al putting assets in place).
Walmart closing 5 stores in the same states as Jade Helm.
You do the math.
Read more on ZeroHedge.
Keep stacking and prepping folks.
Recognizing this formation, I sent it off to Dr. McHugh for his comment. He responded by email to me this morning with this: “Jay, the way I read that interesting chart is the Megaphone pattern is complete, the fifth wave did touch the upper boundary, so it is in the process of declining now. This confirms stocks fall and gold rallies. That’s very interesting.” I added the Elliott Wave labels to this chart, which was produced by www.GoldChartsRUs.com. Clearly this long-term Jaws of Death Chart for the Dow/Gold ratio displays a typical, clear-cut Elliott Wave pattern since the Fed was created in 1913.
As for the gold bear market since 2011, looking back over the 102 years of Federal Reserve Bank destruction of American capitalism, the counter trend of stocks falling relative to gold (from C to D) represented about a 50% decline in the price of gold from around $200/oz. to $100/oz. That move served to shake the vast majority of gold bulls out of gold, just as the current move up in stocks relative to gold is currently doing. That move looks comparable to the current rise in stocks. On a day-to-day basis, it seems as though gold will never be a good place to put your money again. Best to play the Wall Street casino game, which is, through artificial means, forcing people to take on more and more risk.
But as we can see, the Fed has indeed caused a “Jaws of Death” in the market, such that the lower jaw on this Jaws of Death suggests that at the bottom of the next stock market crash and gold bull market peak, the ratio of the Dow to gold will be considerably less than 1:1; it could very well reach Ian Gordon’s prediction of Dow 1,000 and gold $4,000.
Read the full article on Kitco news.
I hear that. Basically I just watching the market from the sidelines. Waiting for the DJIA, S&P 500. and the rest of the markets to crash and burn,
(Kitco News) - Despite recent disinterest in gold from Western markets, one famed portfolio manager in the gold industry says contrarians need to remember the metal’s appeal.
“We have always believed that gold is the most liquid, easily acquired real asset with a legacy of protecting capital during periods of financial instability,” said John Hathaway, senior portfolio manager of the roughly $1.15 billion Tocqueville Gold Fund, in an investor letter released Monday.
According to Hathaway, there are reasons to hold gold given the strong U.S. dollar, current stock market valuations and confidence in central banking policies globally.
“Valuations are stretched, sentiment is at an extreme (too bullish), liquidity is slowly leaking out, there’s no QE, the economy is sinking, the strong dollar is killing our multinational corporations’ exports, and earnings expectations for 2015 are being slashed,” he said.
“It appears to me that the U.S. stock market is cruisin’ for a bruisin’,” he added.
Hathaway highlighted that hedge funds are shorting gold at the highest level since 2006, which only reflects the paper gold market. He explained that the price gyrations and sentiment of synthetic gold reflects non-gold matters such as jobs reports, FOMC statements, geopolitical headlines and other economic data.
“[However,] the supply and demand flows of physical gold tell an entirely different story than the negative one portrayed by the synthetic market,” he noted, adding that gold supply has peaked out for years while demand shows healthy growth.
“Based on this view, the market for physical gold can only be described as taut and robust.”
Looking at equities, Hathaway said that strong returns from equities and bonds, where extreme overvaluation or undervaluation conditions can persist over long periods, have been a major headwind for the yellow metal.
“However, there are signs that suggest a turning point is approaching,” he said, which could potentially be positive for gold.
The current confidence in central bankers’ policies – specifically the Federal Reserve, the European Central Bank and the Bank of Japan – explains the current “lofty valuations of financial assets and the corresponding low esteem in gold,” Hathaway said.
“That confidence, in our opinion, will dissipate if investment gains of the past five years begin to turn into losses,” he said. “[W]e do not believe that confidence in the practitioners of 21st century monetary policy is deserved.”
According to Hathaway, modern-day central bankers are academics and have no experience in the business world.
“Their policies have not generated growth, and they have in our opinion exacerbated systemic risk,” he explained.
According to Hathaway, once investors begin to see the effects of central bankers’ policies on the global economy, ownership of “real, not financial, assets
At last check: I was 80% in cash. Not including pure gold and silver Eagles. BTW, just bought another rifle.
Against the law. LOL! We are so ..............! Can't believe this Ponzi Scheme keeps going and going!
Crash coming in DJIA, S&P 500, NASDAQ. Don't know when, but who cares, it will happen sooner than later. Keep stacking.