Gold and the Market

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Do you have a link to that new Nenner interview? It's not in the link you gave, is it?

thanks
 
Found it. :laugh: I love listening to this guy. I think he's good but he's also very entertaining. Fast forward to 17:05.
ETFs, Toyota Recall, Muni Bonds, Berkshire Stock: Taking Stock
Feb. 4 (Bloomberg) -- Deborah Fuhr of BlackRock Advisors Ltd. in London talks with Bloomberg's Pimm Fox about exchange-traded funds. Scott Silverman of McCarter & English LLP discusses the recall by Toyota Motor Corp. Charles Nenner of Charles Nenner Research Center looks at market cycles.
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http://www.bloomberg.com/tvradio/podcast/takingstock.html
 
Interesting: The only thing he is short right now is the EFA (our I-fund), although he didn't seem to describe it as the EAFE as the interviewer tried to suggest, but more of a play on just Portugal, Italy and Greece -which didn't make sense.
 
wwwtractor said:
It sounded to me that he said the Euro would be going up until May, 2010 in the radio interview.
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The euro would go up, or the dollar? I'll have to relisten, but I doubt he would be short the EFA if he thought the euro was going to go up (which means the dollar would be going down), although I recall that he said in December, that the dollar would peak in February so that would mean a rally in the euro.
 
To all the gold bugs who believe gold is in this giant secular bull market and think that it's safe to hold on until we get this nice big blowoff top; you can't fool yourself. This is how buy and holders are born. I believe that Gold already had it's blowoff top when it went up some 10% on news that some island country I can't even remember the name of anymore bought.

In any market, what defines a secular bull market anyway? A market is bullish until it isn't anymore. Simple as that.

Good post here.

Ok, this one is for all you bull market geniuses out there who have been buying the SPDR Gold Trust (symbol: GLD), the Market Vectors Gold Miners ETF (symbol: GDX), and the i-Shares Silver Trust (symbol: SLV) all the way down and since they peaked in mid January.
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http://thetechnicaltakedotcom.blogsp...d-gdx-slv.html
 
China doesn't consider gold a very good long term investment. Could they be talking it down while they accumulate?

Gold, on the other hand, is “not a great investment” with a 30-year horizon, the authors quote Gang as saying: “It is, in fact, impossible for gold to become a major investment channel for China’s foreign exchange reserves. I have 1,000 tones now, and even if I doubled that holding, according to current prices, that would be about $30 billion.”
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http://blogs.barrons.com/stockstowa...a-great-investment-long-term/?mod=rss_BOLBlog
 
Bullitt said:
China doesn't consider gold a very good long term investment. Could they be talking it down while they accumulate?

http://blogs.barrons.com/stockstowa...a-great-investment-long-term/?mod=rss_BOLBlog
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I'll add my 2 cents. Venezuela Central Bank to Increase Gold Purchases

"The central bank, which has about $16 billion of its $30.6 billion of reserves in gold, purchased 1.08 tons of gold from domestic mines in the first two months of this year after buying just 2 tons in all of 2009,"
 
Be on the lookout for Gold. We have an increase in volume today, 3 closes above the previous swing high, 1 close above the 2nd previous swing high, 5 days of higher highs & higher lows, and 5 higher closes.

View attachment 8908
 
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This gold and silver manipulation is like out of a movie. You need to follow up on this and know what the government is allowing to happen all over the world.
 
 
Buy gold to protect from inflation- If there is inflation. The bond market disagrees. Of course, those with agendas, aka buy and hold gold, will surely disagree.

While the debt helped the global economy recover from its first recession since World War II, yields show bond investors aren’t troubled that the growth will spur inflation. Consumer prices excluding food and energy costs rose 1.5 percent in February from a year earlier in the 30 countries that form the Organization for Economic Cooperation and Development, the smallest gain on record.
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http://www.businessweek.com/news/20...nflation-dead-after-yields-fall-update2-.html
 
Gold- Stick a fork in it. Miners are diverging and just broke their uptrend line while Gold is sitting on uptrend support and may even make a double top when the technical selling starts. The fact that you've got guys on TV talking up a storm about the world not having physical gold is a sign of panic buying. Safe havens are the US dollar and US treasury bonds.
 
Amazing that anybody would buy gold at these levels. Hey, anybody see that insider (Robert Allison) at FCX who dumped $1.6 million in shares in the open market last week? His last open market buy occurred in October 2008, right near the bottom of miners.
Check this link- http://finance.yahoo.com/q/it?s=FCX+Insider+Transactions

Gold is not immune to what lies ahead. This whole entire market is broken. I wonder if the FCC stepped up and canceled this trade below in the AH Friday. A nice 70% discount in the blink of the eye.

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