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The dollar is testing the $84.50 level for the third time today. If it doesn't hold look for the next gap level at $83.00
If it does hold we may have to weather a move back up towards $86.50ish but there's virtually no chance it'll be able to hold that level.
And it may take a few days to get back up there so be patient if it happens and then make your next play/buy on the gold/silver dip that'll coincide with that dollar move.
And don't forget...THE ECB and the JAPANESE are going to be cutting rates too. The ECB has a LOT MORE ROOM to cut from here than we do. The Japanese are already near zero but they still have a little room none the less, and they do plan on cutting what they can.
USD next gap levels to watch for reversals...
HIGH-$86.25
LOW-$84.50...$83.00...$82.30...$79.85...$77.85
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
I think after the interest rate cut is announced today, if it's the expected 1/2 pt cut that there'll be a dip unless the cut is more than 1/2 pt which I think will make commodities spike even higher today but that seems unlikely as they'd like to have at least a little ammo left in the interest rate dept.
I firmly believe from now on all you'll have to do is watch the dollar chart to play the gold/silver trade.
If you look at the DXY dollar spot chart you'll see gaps in both directions from where we are now. Those will be key points to watch for short term reversals if you want to trade gold/silver like I plan to do.
Bu if you want to just hold that'll work too if you can take the bumps without puking too much. LOL
I've saved about half of what I have to buy on the next dip at which point I'll likely just go all in and wait for the next trade as I watch the dollar's progression.
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
Hey, they're COMMITTED to stemming the bleeding in the stock market. They've already put $2 Trillion into it and they're meeting on the next $150 billion dollar "stimulus package" today.
The US, Europe and the rest of the world are headed for a DEEP recession and they're going to have to KEEP PRINTING MONEY for god knows how long to prevent a real DEPRESSION.
Physical gold is in SUPER SHORT SUPPLY, interest rate cuts make money easier...
IT'S A PERFECT STORM.
IT SUCKS cuz our dollars are going to be worth less though. The only way to hedge it at this point that I can see is commodities, and gold will be the ultimate commodity imo.
That's why I'm going heavy on the GDX miners. They've been beaten up WAY MORE than physical gold even, and their product will be in such demand as to make your head spin.
I do think the dollar is going to jump around a lot for a while because it's gapped up and down so many times that Forex traders will be playing it wildly for awhile, but the trend is now down as it's finally rolled over from that parabolic spike.
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
The last peak in gold in the 1980's was about $2200 in "today's dollars", and I use that phrase lightly since "today's dollars" are worth a TON MORE than "tomorrow's dollars".
The fed is lowering interest rates, possibly to ZERO %. This makes even the newly printed dollars "easier money". Couple this with the all printing presses running night and day and more coming soon, the next bubble will be in gold. I'm now a total believer.
Hang in there. It's comin'!
Oh man. I can see the WHOLE ENCHILADA now! Can you see it?
The next words you'll start to hear is STAGFLATION. The one you'll hear right after that is GOLD BUBBLE.
It's all the interplay between the dollar, interest rates and liquidity now, and they're all heading our way.
Expect a few bumps along the way, but they'll likely be relatively small bumps on an otherwise straight path.
The USD fell to fill the gap created yesterday. I expect it to open very near todays close tomorrow and then resume it's rise. The DOW will fall back again as the dollar rises.
http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=DXY&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=4&freq=1&startdate=&enddate=&hiddenTrue=&comp=Enter+Symbol%28s%29%3A&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=7168&ma=2&maval=50&lf=1&lf2=4&lf3=0&type=2&size=1&optstyle=1013
JMHO of course!
Naptime...latah
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
I feel your pain. Been there done that plenty of times myself.
I'm loving these trailing stops though, just as long as i buy at the right moment and get some upside cushion to use to play the stop.
So far so good. Made some on the last big trade a week or so ago and at least broke even this time.
Consumer confidence number came out and it's abysmal of course. T-bills still trading at crisis-mode levels as the flight to safety in the US Treasury notes continues.
LIBOR down slightly...???
A little different pattern so far in the DOW...instead of opening lower and teasing the break even line, today it opened higher and is teasing the break even line.
It's very early to put much stock in that, but that COULD BE an interesting clue to the hyper vigilant such as you and I. Especially in the face of a bad consumer confidence number.
Slowly the screw turns. Still lots of negative stuff to come out...jobs, retail holiday sales, you name it. Too early to do anything but short term trades I guess.
I was really hoping I'd made my first long term buy with the GDX. Oh well. Maybe next time.
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
Damn! I got stopped out at break even on my GDX after being up over 7%...GRRRRRRRR!
That bounce did show that the cracks in the dollar are beginning to appear though I believe.
Shouldn't be long now...
Have you seen this site/chart? You can get real time quotes on the USD. Only place I've ever found that can do that. Also allows comparison charts/advanced charts/etc.
http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=DXY&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=8&freq=1&startdate=&enddate=&hiddenTrue=&comp=GDX%2C+SLV%2CGLD&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=1&optstyle=1013
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
$USD ULTRA LONGTERM WEEKLY
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
USD/SILVER LONGTERM WEEKLY COMPARISONS
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x
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x
x
x
x
x
USD
SILVER
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
WisdomTree dividend weighted ETFs
http://www.wisdomtree.com/etfs/investment-philosophy.asp
January 1, 1964–May 31, 2006 — Based on a hypothetical back test.
Annualized
Average Annual Volatility Beta
Market Segment Total Returns
Alpha
in BPS
Sharpe
Index Ratio
Total Market WisdomTree Dividend Index 11.88% 13.29% 0.524 0.851 188
Hypothetical Reference Index — Total Market 10.62% 15.10% 0.396 1.015 12
Gain Relative to Hypothetical Reference Index 126 bps -181 bps 0.128 -0.164 177
Large Cap WisdomTree LargeCap Dividend Index 11.29% 13.25% 0.479 0.851 134
S&P 500 Index* 10.46% 14.76% 0.392 1.000 0
Gain Relative to S&P 500 Index 83 bps -151 bps 0.088 -0.149 134
Mid Cap WisdomTree MidCap Dividend Index 14.09% 15.04% 0.635 0.866 403
Hypothetical Reference Index — Mid Cap 12.82% 17.54% 0.488 1.078 217
Gain Relative to Hypothetical Reference Index 127 bps -250 bps 0.147 -0.213 186
Small Cap WisdomTree SmallCap Dividend Index 15.71% 16.06% 0.737 0.847 572
Hypothetical Reference Index — Small Cap 13.38% 20.96% 0.485 1.157 291
Gain Relative to Hypothetical Reference Index 233 bps -490 bps 0.251 - 0.310 280
Multi Cap/High-Yield WisdomTree High-Yielding Equity Index 13.60% 12.82% 0.682 0.717 408
WisdomTree Dividend Index 11.88% 13.29% 0.524 0.851 188
Hypothetical Reference Index — Top 30% Market Cap Stocks 10.19% 14.78% 0.372 0.998 -24
Gain Relative to WisdomTree Dividend Index 172 bps -47 bps 0.158 -0.133 219
Gain Relative to Hypothetical Reference Index 341 bps -196 bps 0.310 -0.280 431
Large Cap/High-Yield WisdomTree Dividend Top 100 Index 13.00% 13.43% 0.607 0.742 348
WisdomTree LargeCap Dividend Index 11.29% 13.25% 0.479 0.851 134
Hypothetical Reference Index — Top 100 Market Cap Stocks 9.64% 14.63% 0.346 0.977 - 65
Gain Relative to WisdomTree LargeCap Dividend Index 170 bps 18 bps 0.127 - 0.109 214
Gain Relative to Hypothetical Reference Index 335 bps -120 bps 0.260 - 0.235 413
Gain Relative to S&P 500 Index 254 bps -133 bps 0.215 - 0.258 348
Energy Trusts info and charts
http://finance.yahoo.com/q?s=AAV+BTE+CLS+ENT+ERF+HTE+PGH+PVX+PWE&d=t
PROSHARES...COMPLETE LIST OF LONG AND SHORT ULTRA ETFs
http://bespokeinvest.typepad.com/bespoke/2008/07/proshares-ultra.html
Entered 9/10/08....Cramer's prediction for the bottom in the housing market...June 30, 2009
THE GOLD/SILVER RATIO STRATEGY and THE CASE FOR SILVER http://www.gold-eagle.com/editorials_03/sanders030703.html
KITCO SILVER AND OTHER REAL TIME "SPOT" CHARTS http://www.kitco.com/charts/livesilver.html
USDX DOLLAR INDEX...CHARTS/STATS/ & BULL/BEAR COMMENTARY http://www.fxtrademaker.com/usdx.htm
LIVE UPDATING PRICES/CHARTS...GOLD/SILVER/USD/FOREIGN CURRENCIES/LIGHT SWEET CRUDE http://www.post1.net/lowem/page/livequotes
SILVER INSTITUTE...THE REAL NUMBERS ON SILVER! http://www.silverinstitute.org/supply/index.php
SILVER/GOLD/DIA/$USD (side-by-side comparison charts)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27785873
Monex LIVE PRECIOUS METAL PRICES
http://www.monex.com/liveprices
Precious metals charts
http://www.infomine.com/Investment/HistoricalCharts/ShowCharts.asp?c=silver
Updating 'melt prices' and commentary on coinage
http://www.coinflation.com/
The Buillion Desk
http://www.thebulliondesk.com/
Yahoo Interactive chart link
http://finance.yahoo.com/echarts?s=HTE#chart1:symbol=hte;range=1y;indicator=split+dividend+rsi(7)+wpr(7);charttype=candlestick;crosshair=on;logscale=on;source=undefined
DOM PGH (drip divys)
http://finance.yahoo.com/echarts?s=DOM#chart2:symbol=dom;range=my;indicator=split+dividend+rsi(7)+wpr(7);charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
http://finance.yahoo.com/echarts?s=PGH#chart2:symbol=pgh;range=5y;indicator=split+dividend+rsi(7)+wpr(7);charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Yahoo Basic Stock Screener
http://screen.yahoo.com/stocks.html
Big Board Solar Stocks
http://finance.yahoo.com/q/cq?d=v1&s=AKNS+ASTI+CSIQ+CSUN+CTDC+EMKR+ENER+ESLR+DSTI+FSLR+JASO+LDK+QTWW+SOL+SOLF+SPIR+SPWR+STP+TSL+WFR+YGE
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