tag:blogger.com,1999:blog-7130708113832839690.post4156508521147104334..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: CURVE BALLGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger475125tag:blogger.com,1999:blog-7130708113832839690.post-69044617388017213632010-11-16T09:23:53.328-08:002010-11-16T09:23:53.328-08:00The Bernanke has repeatedly said that QE2 is an as...The Bernanke has repeatedly said that QE2 is an asset swap and not funded by "printing dollars". Does that in any way alter how you think about the impact of QE2 on the Dollar?seethruskinhttps://www.blogger.com/profile/10834346321114667479noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-19555518440267959452010-11-13T06:49:09.150-08:002010-11-13T06:49:09.150-08:00I'm writing it as we speak :)I'm writing it as we speak :)Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-79874072824121659022010-11-13T06:48:01.151-08:002010-11-13T06:48:01.151-08:00If your curveball report is now incorrect ( dollar...If your curveball report is now incorrect ( dollar breakout )you may want to just do a small update, so that future subscribers will see that you are on top of things as they change.<br /><br />otherwise it may look like you think the dollar has bottomed (yrly)last wk and gold topped.<br /><br />just a thoughtALEXhttps://www.blogger.com/profile/04085157354083302362noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-45100878221316525042010-11-13T05:50:33.052-08:002010-11-13T05:50:33.052-08:00The weekend report is posted.
I expect silver wi...The weekend report is posted. <br /><br />I expect silver will continue to follow and magnify the moves in gold just like it alwasy does. <br /><br />This is why I typically just follow gold. It is the cyclical driver of the PM sector. But I invest in silver.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-72500838108028962942010-11-13T05:49:57.976-08:002010-11-13T05:49:57.976-08:00Also, do you have any targets for silver to make d...Also, do you have any targets for silver to make during the intermediate top you expect later next month?Stevenhttps://www.blogger.com/profile/04087690444538654869noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-2829516286853088592010-11-13T05:48:26.343-08:002010-11-13T05:48:26.343-08:00People somehow seem to think that the austerity me...People somehow seem to think that the austerity measures in the Eurozone are Euro negative. Nothing could be further from the truth.<br /><br />Europe is doing everything they can to avoid destoying their currency, while we are doing everything we can to ruin ours. <br /><br />How is this in any way dollar positive? This is just a technical bounce to relieve extreme bearish sentiment. It will run it's course quickly and then the dollar will get back to the business of collapsing down into the 3 year cycle low.<br /><br />Fundamentally, an extra 900 billion dollars created out of thin air isn't going to help the dollar.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-17674585752304995832010-11-13T05:48:13.193-08:002010-11-13T05:48:13.193-08:00Gary,
Silver has been crushed lately. Can you gi...Gary,<br /><br />Silver has been crushed lately. Can you give us your current thoughts on silver and AGQ?<br /><br />ThanksStevenhttps://www.blogger.com/profile/04087690444538654869noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-2628961066202024272010-11-13T05:31:59.544-08:002010-11-13T05:31:59.544-08:00Gary, your analysis completely discounts the probl...Gary, your analysis completely discounts the problems in the eurozone. Is this wise when the eur is the largest DX component...JGhttps://www.blogger.com/profile/10512137319769585288noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-66372081953840276412010-11-13T04:48:04.991-08:002010-11-13T04:48:04.991-08:00That's good to know Gary. I was wondering wha...That's good to know Gary. I was wondering what that poll was saying lately, as I no longer subscribe to SentimentTrader.com<br /><br />Here's another pretty good and balanced article on silver' situation from Zeal:<br /><br /><a href="http://www.zealllc.com/2010/silvtop.htm" rel="nofollow">Silver Toppings</a><br /><br />Verdict is that it is a mixed picture, with silver having made a stellar run and reaching a very overbought condition. But gold is not in that condition yet and seasonality is quiet positive. <br /><br />That's pretty much how I've been thinking of this. A bit anxious about silver's run, and trying to get a bead on the sentiment that exists vs. the fundamentals (i.e. QE2). Bottom line for me is that all that considered, along with Gary's cycle interpretation, keeps me in the trade here, with a large exposure. <br /><br />We still have a good level to watch that will safely take us out for a deeper correction. Just have to have the discipline.Onlookerhttps://www.blogger.com/profile/07742157936955263465noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-90236990474218146232010-11-12T23:31:03.347-08:002010-11-12T23:31:03.347-08:00Actually the public sentiment poll for gold is onl...Actually the public sentiment poll for gold is only a little past neutral. The last correction cleaned out quite a bit of bullish optimism.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-1677306578403801072010-11-12T21:41:01.785-08:002010-11-12T21:41:01.785-08:00Bede,
The article may be correct, but realize ver...Bede,<br /><br />The article may be correct, but realize very few people read such things. This bull has a ways to go before full engagement.Brianhttps://www.blogger.com/profile/10099880301231491806noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-10776814567769520142010-11-12T21:15:20.101-08:002010-11-12T21:15:20.101-08:00Here's some confirmation bias reinforcement:
...Here's some confirmation bias reinforcement:<br /><br />Silver - Still The Investment Of A Lifetime<br /><br />"I believe silver will become the single most important investment of our age, filling the void in the wage gap gold leaves behind. As gold shoots into the stratosphere, it will be silver that people turn to most for smaller investment needs, which means much higher demand and much greater returns for those who are smart enough to buy now. $27 an ounce is incredibly affordable, especially when considering that the metal has the potential to reach $75-$100 an ounce in the next two years (and that is a conservative estimate)."<br /><br />http://tinyurl.com/294qcdbLe Fouhttps://www.blogger.com/profile/08417796902511410002noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-5819985708457994212010-11-12T21:11:15.973-08:002010-11-12T21:11:15.973-08:00Marc,
I don't find the trade crowded at all. ...Marc,<br /><br />I don't find the trade crowded at all. I have several trader friends that are now acknowledging thePM's, but are not on board. They would like to be somewhat, but a day like today happens and they give you that all knowing nod of "see I told you" and leave it at that. I think it will be a good while before folks like that are fully engaged. I am receiving calls now from folks asking how to join in though.<br /><br />Thanks again Coach for keeping me on the right side of the trade.Brianhttps://www.blogger.com/profile/10099880301231491806noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-59219990519055381652010-11-12T20:49:19.631-08:002010-11-12T20:49:19.631-08:00I wonder about the SoS numbers. Usually when a re...I wonder about the SoS numbers. Usually when a reported number indicate future trends, it stops working eventually since the market figures it out.<br /><br />I also see the PM trade as starting to get crowded. It's like everyone I know is in silver (I have too many friends who brag about it).<br /><br />A good correction, like this past summer, would help the PM trade.Marchttps://www.blogger.com/profile/13935848992860543227noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-65413248616238777322010-11-12T16:02:48.728-08:002010-11-12T16:02:48.728-08:00Not a chance in hell :)
That will only happen at ...Not a chance in hell :)<br /><br />That will only happen at the next D-wave decline. I doubt gold will even make it to $1300 and if it somehow made it to $1265 buying pressure would overwhelm shorts. <br /><br />No this is just a normal move down into a daily cycle low that will probably be finished sometime next week.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-78667124061621760432010-11-12T15:59:21.992-08:002010-11-12T15:59:21.992-08:00gold headed to its sma 200 day $1190--major defici...gold headed to its sma 200 day $1190--major deficit plan on the drawing boards...zstock7.comhttps://www.blogger.com/profile/09338581248141865147noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-22577547661947046682010-11-12T15:50:56.030-08:002010-11-12T15:50:56.030-08:00Since we're talking Mexican food, and we just ...Since we're talking Mexican food, and we just had some here, this article was mucho interesante:<br /><br />http://www.zerohedge.com/article/slv-etf-adds-massive-523-tonnes-silver-current-weekShalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-12190941308959592262010-11-12T15:47:34.357-08:002010-11-12T15:47:34.357-08:00Good to see Andrew "I killed the Bank" J...Good to see Andrew "I killed the Bank" Jackson here. He knew the score.Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-78134252668224237602010-11-12T15:40:47.890-08:002010-11-12T15:40:47.890-08:00I'm with DG on that, bring back the trolls! :)...I'm with DG on that, bring back the trolls! :)Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-24707563281002514042010-11-12T15:36:03.732-08:002010-11-12T15:36:03.732-08:00I expect it will. Hedge funds will be shorting hea...I expect it will. Hedge funds will be shorting heavily next week trying to fill the gap.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-52066674603849761012010-11-12T15:33:18.092-08:002010-11-12T15:33:18.092-08:00Hey Burrito Boy!
You still think SLW will fill th...Hey Burrito Boy!<br /><br />You still think SLW will fill that gap at 30?<br /><br />Doc you got bucked off the bull baby!Time to Diehttps://www.blogger.com/profile/17583348503374474187noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-38834568854038640622010-11-12T15:00:28.294-08:002010-11-12T15:00:28.294-08:00There is virtually no question it will be recovere...There is virtually no question it will be recovered unless you believe the bull market or CV-wave is over.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-40764786414311047822010-11-12T14:57:26.896-08:002010-11-12T14:57:26.896-08:00I hope you win your burrito, Gary.
I will be reall...I hope you win your burrito, Gary.<br />I will be really impressed if GLD and SLV can overcome the massive reversal on huge volume this week. My portfolio will be even happier. Have a good weekend.Toddhttps://www.blogger.com/profile/04106518316301480635noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-15851182602393773402010-11-12T14:34:32.064-08:002010-11-12T14:34:32.064-08:00I do like a good strawberry margarita with my burr...I do like a good strawberry margarita with my burrito :)Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-79647421941377480302010-11-12T14:32:39.237-08:002010-11-12T14:32:39.237-08:00I wish Gary were into Australian wine rather than ...I wish Gary were into Australian wine rather than Mexican food. I'd much rather win a bottle of Penfold's Grange ;-)thedocumenthttps://www.blogger.com/profile/07987103610792079395noreply@blogger.com