Some say by June 4th the market will be in freefall and our Dow projections you see could easily occur.
Others think there will be an upside, a reassurance budge and the market will hold flat in the mid to low 10,000’s for the summer.
Not one soul knows. This one is part of something much bigger, no matter what your religious beliefs.
The U.S. deregulates and Bush/Cheney allow their banker buddies, and all the “not for bid” to steal lots of dollars, to lots of people.
Obama enters hell, and the story just gets more dark in comedy each day with what is occurring around the world.
Europe will worsen, and will have to make many changes. Life will change. The Euro is so damaged and has lost value and respect. People now speculate about how long it will be around.
Meanwhile all are long the USD. This is both good and bad. Our debts lead in the world’s debts, and make it suddenly really real, what Floyd has been soap boxing about for years.
As our debts were exposed, the house of cards only began. There will be every nation found so deeply in debt that all paper currencies become value less.
This is a very real group of statements. Many that do not know my commentary do not realize I meander all over the place, and am difficult to read. You must pull out of what I write to you what you study that seems right to you, but give me time to fully go through this twice.
Half the power we consume comes from coal. Solar and wind will never happen, and natural gas will become so plentiful we’ll see shifts to natural gas.
No one wants oil on the beaches. And no one really has ever been in charge, we are now realizing, except the very oil companies that can cover up spills, BP being famous for it.
But hey, I live in Florida. My family is here. This is coming at me and may destroy our beaches, The Keys, our coral, and the true and dramatic Atlantic Ocean.
What you don’t want but you use. Each of us watches this environmental catastrophe and begins to see that the corporate conglomerates are the ones that have the money. This is it. No one wants oil on the beaches, but we need oil.
We use 30% of consumer sales worldwide and now globally oil based resins have formed our new materials, dependent upon oil.
So let’s get past that, and move right on to the fact that now no country really has any money
Everyone else has debt, the countries, the consumer, and the conglomerates have the cash, as do the Chinese with huge gold hoards, and the quiet Saudi Arabians amass gold. Check what George Soros has been buying and hoarding for the past year. Gold. GLD or gold bullion for the true fanatic. Or CEF, a brilliant Canadian Fund that holds actual gold and silver bullion. SSRI or SLV for silver, and there you have the doomsayers holdings. And we are much with them.
We exited Gold and Silver at 11.40 and have missed the last upswing, but continue to see a correction for gold and silver that will give us a great buying opportunity.
We continue to have a sizeable investment in AU AngloGold Ashanti Ltd. (AU), the largest gold miner, and will hold this long term. Traders that may wish more volatility in the trading of gold stocks should look at ETF’s that track a group of mining companies. Mining company investment is much riskier than actual inventory in Gold or Silver
We will buy gold again when it closes below 1199, and will continue buying.
We will by silver again at the same time.
Our investment vehicles are:
GLD
SLV or SSRI
CEF
Only CEF does not trade in options
Traders Choice: Many traders like to trade the volatility of the various gold mines. We recommend Gold Miners ETF GDX if you want to trade the miners themselves. Note true support at 42.00, and a push above 54.00
You might run their chart in various “views” on PNF charts to see what it is.
Study and due your due diligence.
We will not enter this into our portfolios, as they are not our moves, but it’s an excellent way to track miners.
Once anyone begins to study how the EU has their central bank (ECB) is now following the U.S. on creating more debt to solve the debt. Things will either change, or we will hit the debt ratio sometime that blows it all and makes currencies worthless. This doomsday theory has merit.
For example, follow the financials of Verizon. They are burning thru cash reserves and have big Smartphone bets out. They are actually paying out more in dividend than cash flow, so they are borrowing from themselves to pay a higher dividend.
Risk Traders: Watch Verizon for a signal of a put. Its’ prime for someone with extra cash to take a Sept put issue, unless you see upside with the phones they are selling.
For traders that bought Johnson and Johnson with us before the downfall, remember that JNJ is a long-term hold that we do not want to sell, and do not want a trailing stop on. Like Disney, it’s one of our “forever stocks”.
Many of our traders increased positions in their core holdings, following the “buy, hold” we showed, lowering their average cost. We do not buy stocks to “double bet them”, but those stocks that we continue to just buy we think are the safest investments in the market.
Until the end of the United States there will be Smuckers Jam.
We are extremely long in our investment of ExxonMobil (XOM). We’ve owned in some time, and doubled our position during its recent 10% correction.
XOM is not just oil. They bought XTO, they are working natural gas. We believe they are the Goldman Sachs of oil, ready to return stellar returns over the next two years, and paying a good dividend.
So where are we. Are the doomsayers right, and with the electronic manipulation , impossible to now trade in the market because we are being controlled, or those with the end of money and only hold gold bullion.
Something is up, that’s for sure. We’d like to see a general flat lining and trade range build in the low 10,200-10,300 and if so the market may settle. Further dips below 10,000 increase the strength of the bear market.
My Tea Party Question: Okay, I read the Constitution you gave me when I went to one of your meetings. It doesn’t talk about immigration, or N and S Korea, or stuff like that.
Could perhaps a logical person realize that these were just visionary men writing down ideals, and a couple of them were corrupt? Check up on Jefferson.
My Republican Question: Why do you respond to all by aggression, never offering to open up? Karl Rove and Rush Limbaugh run you.
My Democratic Question: What happened? This was to be your glory moment in history where fundamental change would take place. Are you doing this?
My American Question: What it is that we really want? We talk so well, but are shocked when things go away without the fake money.
Be Well, and Do Good.
