What can I tell you, I am an arrogant SOB, I'll stay with my own opinion.
I just want to add something to my previous post. the margin of error is 2%. This will make me right if the spot price closes below current price, or wrong if it gains over 2% by the close of next Friday.
That's very convincing... Except I really do not care about what Kitco survey participants think.
As I said, when I come back from vacation, I want to see here either ne of the two topics:
Trader - You were totally wrong!!! Spot closed $xxxx.xx last Friday
Trader - You were 100% right!!! Spot closed $xxxx.xx last Friday.
ICan tell you even more: JNUG has better than doubled since the end of May. And more yet: I didn't act on my own indicators that flashed a bullish signal.
The bottom line I guess I didn't have enough evidence for the long term trend reversal.
I still do not. In fact, short of geopolitical interference, I am pretty much sure the next move in spot price will be down.
I'll be out all next week. Right now spot price of gold is $1335.90. Let's check it a week from this coming Monday and see if I am right.
$TYX at, or preferably under, 3.27% will be a "strong buy".
for whatever reason, some systems do have values of this index multiplied by 10, in the example above it will be $32.70
I’ll be the first to tell you that Crimea historically belongs to Russia. In fact, I can tell you, if, God forbid, I was still living where I was born, Odessa, southern Ukraine, Black Sea, I'd most likely vote to join Russia. I, and 99.9% of the population in the area, never spoke Ukrainian or knew (or wanted to know) Ukrainian language and/or culture.
This said, Crimea was legally transferred to Ukraine, I don't remember by either Brezhnev or Chruschev's Government, in exchange for some Ukrainian lands up north/east, I believe. So now Russia owns both. I can understand Putin's motivation, but it's illegal under international law. If anybody believes that Putin's motivation was to "protect Russian speaking people living in Ukraine" people should think twice.
Besides, there is up to a million Russian speaking people living in Brooklyn NY and probably the same number in Israel. Would Americans understand if Putin decides to "liberate" them?
Back to Israel. I do feel bad for the INNOCENT Palestinians and their children killed in the conflict, but I feel worse for the INNOCENT Israelis and their babies who are deliberately targeted by Palestinian terrorists.
Do you draw a moral equivalent between DELIBERATE targeting of the Israeli civilians and their babies and inadvertent casualty of war? There were a lot of them in Afghanistan and Iraq and other countries where we targeted terrorists and killed innocent civilians and their babies.
ISRAELI ARMY DOES NOT TARGET CIVILIANS.
And BTW, how do you tell the difference between a terrorist and a civilian in the heat of the war? Do they wear uniforms, any other signs that distinguish them from civilians?
1. there is not and has never been such a thing as "Palestinian lands". Gaza used to belong to Egypt, West Bank to Jordan. Both were occupied by Israel after Yom Kippur war in 1973. Both refused to take respective lands back when Israel wanted to return them. Somehow UN decided that Israel should be responsible for creating some sort of Palestinian country, not Egypt and/or Jordan. I am not saying there shouldn’t be a Palestinian country, but Gaza and West Bank are located on the opposite sides of Israel, how do you unite the territories?
2. Hamas rockets are flying indiscriminately into Israeli civilian areas. Why is Israel to blame for returning the fire? Most recently, terrorists attacked a bus with Israeli school children some place in Eastern Europe and killed everybody. Israel does not target civilians like Palestinians do. I didn't hear the President condemn the murder of the three Israeli teenagers, one of them was a US citizen. Where is the outrage? Where are the crouds with the banners "Return Our Boys"?
BTW, it seems OK with everybody that The US army has been attacking civilian areas in Germany at the end of WWII, in Japan, in Viet Nam.
3. The civilized world will eventually lose the war on terror because they want to fight the savages, who want to kill you and do not mind to die, with the white gloves.
4. The USA is occupying Mexican lands, Russia - Polish and I think German as well, and most lately Ukrainian. Seems to be OK with the world opinion. Why Can’t Israel occupy the land it won in a war after being viciously attacked by her enemies?
"Anyone know how to get clawmarks off a desk?" - I know first hand - change the desk, I do it almost every other week.
Congratulations on the profitable trade. Also.... I am 85% sure you left a lot of money on the table, but I can understand your mental state. Once again - Congrats. I hope Kathy made out all right as well..
And "goy" is "gentile" in Yiddish.
... under $1330 on this week's closing, which is fairly likely, will be devastating to this latest little rally, JMHO.
This said, I have to say that the rally from the end of May to today's price was most impressive and must have brought great profits to the bulls, assuming they entered the trade at the right time. Congrats.
Another fact I just found in Wikipedia, I didn't know this before:
"Israel has two official languages, Hebrew and Arabic".
I personally think they should make Russian an official language as well.
I found a Russian speaking person in every single place where I went there. On the flip side, Putin may want to invade Israel to "protect" it's Russian speaking population, just like he is doing in Ukraine :)
So far I was just asking questions. Here are only some facts, Kathy.
Nobody "anyone who was not Jewish was ordered off the land". The fact is that Golda Meir and the rest of the founding "gang" begged Muslims to stay in Israel, saying "we are brothers, we can live together". Whoever did leave Israel... maybe they thought they'd get persecuted, but whoever stayed was never persecuted.
Ordered off their farms? There were only stones and desert in Israel in 1948. You have to see the country now. Gardens in the middle of the desert, economy is striving, every single technology company to speak of has offices in Israel. Israel is no longer considered a “developing” or “emerging” economy. It’s officially “developed” country. The only Democracy in the region. Tel Aviv looks like Toronto or Boston. Jerusalem is real magic, Ashdod looks like French Reviera, can’t find an apartment there under $1 mil.
I just copied this from Wikipedia: “Arab citizens of Israel comprise 20.7% of the country's total population”. 20% of student body in Tel Aviv University are Muslims, including women. Education there is FREE for Muslims. It’s the only place in the Middle East where Muslim women can get University education.
I can tell you a lot about my trips to Israel, including visits to Gaza in the late ’70, there was no animosity. People were friends, co-workers, business associates. A Palestinian business associate of a friend of mine was insulted when a friend of mine declined an invitation to his house for a tea. We were in a hurry on other errands. I can give you a million of examples like this.
Once the market stabilizes a bit, LL - LUMBER LIQUIDATORS HLDGS INC, will be a great buy in the area of, or below $50, especially when the "real" economy takes off.
At this time, the books look great, may change with time.
Almost the same applies to Christians and Christian houses of worship. Dozens of Christians murdered, nuns r4ped in Egypt during the latest disturbances.
3. How many Muslim houses of worship are in Israel per capita
4. How many synagogues are left standing in the entire Muslim world and what happened to them. There were many ancient synagogues in Egypt, including Gaza, Syria, Jordan, and the rest of Muslim countries. You may want to search for “mosques in Israel” and “synagogues in Gaza”.
Please let me know what your daughter thinks of your answers.
You may also want to ask your daughter:
1. What's the population of Muslims in Israel today and how is Israel treating it’s Muslim population. (ex. percentage of Muslims in Tel Aviv University and how much they pay for thier education?)
2. What's the population of Jews in the entire 1.2 billion population of the Muslim world and what happened to those who used to lived in this world.
I was trying to reply to this, but Yahoo wouldn't post my reply, I must have used something that offended their filters. I'll try to reply in small pieces.
There is a little more to history prior to the last 65 years, I am going to say 5,000 years more.
I'd really like answers to this:
1. Who expelled the Muslims?
2. Who created hatred in the region?
Sorry, I am real busy playing equity retracement game. Must stay off the grid for a while.
OT: Watch NG @ 10:30. On Thu mornings it's better than a cup of coffee.
John, I don't think that H&S was invalidated yet, but it is damn close. If it closes above 1330, is gone.
I do consider the break out unlikely. Out of a number of scenarios that might play out, my favorite is this: I would expect the next move to be down to low $1300 short term. I think I already wrote this once, it feels like déjà vu all over again. There is a good possibility of spot going down to $1280s.
This should bring $HUI into mid to low $230s with possibility of $212-220 longer term.
If my favored scenario fails to materialize, the alternative will be spot up to $1350 easy, possibly $1375 before any retrace to speak of.
I don’t know what you or Kathy paid for JDST, but high teens, perhaps even $20 (it’s hard to gauge the 3x’s) could be in the cards if my favorite scenario plays out.
Hate to say it but the alternative will really suck.
All of this is JMHO. I do wish you GL.