tag:blogger.com,1999:blog-7130708113832839690.post6548199993820962483..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: SwitzerlandGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger562125tag:blogger.com,1999:blog-7130708113832839690.post-22206671586068500692011-06-10T08:58:19.516-07:002011-06-10T08:58:19.516-07:0060 Min SLV Chart :
http://screencast.com/t/YiXg9...60 Min SLV Chart : <br /><br />http://screencast.com/t/YiXg9fzOhGann360https://www.blogger.com/profile/00449684663494321232noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-25365707825131023592011-06-10T08:46:52.824-07:002011-06-10T08:46:52.824-07:00Keys,
I agree, its pretty amazing how cycles play...Keys,<br /><br />I agree, its pretty amazing how cycles playout. I cant wait until I have a complete understanding of them like gary does.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-73996437569601664802011-06-10T08:39:08.889-07:002011-06-10T08:39:08.889-07:00Interesting article about US lying about it's ...Interesting article about US lying about it's Fort Knox gold hoard....<br /><br />http://www.eutimes.net/2011/05/russia-says-imf-chief-jailed-for-discovering-all-us-gold-is-gone/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-34706949859824207522011-06-10T08:38:37.218-07:002011-06-10T08:38:37.218-07:00Hmm I wonder, how many would be buying PM's ri...Hmm I wonder, how many would be buying PM's right now, if it weren't for Gary's cycles. Cycles have really added a valuable element to investing/trading! You really value Gary's work in PM's at moments like these.<br /><br />I think we are heading towards a black hole decline still, where everything goes down, but I don't think it will be as bad as 08/09.<br /><br />Alright time to enjoy the sunshine...to those abroad enjoy the trip! The only thing cheap in Switzerland is beer, so drink up!Keyshttps://www.blogger.com/profile/01980184575351995254noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-33802124048378407802011-06-10T08:32:32.493-07:002011-06-10T08:32:32.493-07:00Yeah, you're right, Gary, and this probably is...Yeah, you're right, Gary, and this probably is just temporary, probably based on the naive reactions of the initial herd that has been hearing in the background about gold and it's safe-haven status, but that don't realize it will get sold with everything else once the margin calls begin.Turning Japanesehttps://www.blogger.com/profile/14745507830551938125noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-42529752079841470252011-06-10T08:22:51.555-07:002011-06-10T08:22:51.555-07:00Gold tried to resist last year too but in the end ...Gold tried to resist last year too but in the end the intermediate correction came just like it always does.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-63988081177907030702011-06-10T08:21:12.655-07:002011-06-10T08:21:12.655-07:00The fund that I worked for in 2008 was massively s...The fund that I worked for in 2008 was massively short the financials and we got our heads ripped off when the short ban was implemented. <br /><br />I agree with Gary that the banks will be protected, but with that said, I’ve been shorting the financials (via FAZ) since early May. We will not see a replay of the bear raids (buying the CDS and shorting the stocks) in 2008 when the banks were vulnerable due to overleveraged balance sheets, deteriorating asset values, and an inability to access short-term financing due to the seizing of the credit markets. I do, however, expect some downside to the stocks now more as a result of deteriorating fundamentals, lack of revenue opportunities and continuing margin pressures.PSThttps://www.blogger.com/profile/17140695419506102560noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-18535078067947652952011-06-10T08:16:33.132-07:002011-06-10T08:16:33.132-07:00If the markets starts to fear deflation, everythin...If the markets starts to fear deflation, everything will collapse, just look at 2008.Danhttps://www.blogger.com/profile/06532170043439921989noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-75027925882640003922011-06-10T08:14:59.439-07:002011-06-10T08:14:59.439-07:00This isn't even a rout yet too! This is broad...This isn't even a rout yet too! This is broad sustained selling. Sentiment and "over-sold" levels mean zero. <br /><br />Like I've said, the commotion coming from the exits is getting louder, those still unaware are going to get crushed.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-76873915361846828132011-06-10T08:14:31.123-07:002011-06-10T08:14:31.123-07:00William,
Just a general observation based on the ...William,<br /><br />Just a general observation based on the correlations during market hours the last couple of days. It very well could be temporary, but treasuries haven't really taken off, so definitely looks like more people might seek gold during this next deflation event, keeping it afloat.<br /><br />I still generally think gold is heading down, like Gary does, but how far and how quickly will depend a lot on where people put their dollars when they exit everything else.Turning Japanesehttps://www.blogger.com/profile/14745507830551938125noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-12768855783562437612011-06-10T08:08:02.128-07:002011-06-10T08:08:02.128-07:00Turning Japanese,
What makes you say that?Turning Japanese,<br /><br />What makes you say that?William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-87884942440608663532011-06-10T08:04:41.888-07:002011-06-10T08:04:41.888-07:00Think everyone is selling euro, sterling and stock...Think everyone is selling euro, sterling and stocks and putting their dollars straight into gold. Looks like it will be tough for gold to move down significantly in that environment.Turning Japanesehttps://www.blogger.com/profile/14745507830551938125noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-37310269335314890232011-06-10T08:03:02.563-07:002011-06-10T08:03:02.563-07:00Good work, david kafrickGood work, david kafrickwhitebearhttps://www.blogger.com/profile/02784624257978615324noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-25484935462057426872011-06-10T07:58:53.896-07:002011-06-10T07:58:53.896-07:00I agree with DG, the Euro is toast. Trichet said h...I agree with DG, the Euro is toast. Trichet said he would raise rates in July, yet it easy to say that he will not. The Spanish debt is up for review in July if Im not mistaken, it wont be pretty.Aaronhttps://www.blogger.com/profile/05437108237927001130noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-5769270117864288642011-06-10T07:57:56.038-07:002011-06-10T07:57:56.038-07:00Gold the new world currency? Doesn't seem to c...Gold the new world currency? Doesn't seem to care that the dollar is going up.SkepticSquirrelhttps://www.blogger.com/profile/09975705335589927121noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-14321059314897124932011-06-10T07:52:24.394-07:002011-06-10T07:52:24.394-07:00DG,
yes, good points regarding pulling the trigge...DG, <br />yes, good points regarding pulling the trigger... sure happened that way this morning.. have a good core position in EUO and UUP, so not feeling left behind just yet... thanks for the advice..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-48090691990322716952011-06-10T07:50:54.836-07:002011-06-10T07:50:54.836-07:00CMT,
I hear you, have a similar situation, where ...CMT, <br />I hear you, have a similar situation, where I am told you can't just trade in and out, you have to hold for the long term anything else is gambling....at easehttps://www.blogger.com/profile/10646534194479581902noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-35003942543165868882011-06-10T07:48:57.887-07:002011-06-10T07:48:57.887-07:00Thanks Gary for your warning on the miners yesterd...Thanks Gary for your warning on the miners yesterday. I didn't see what you were seeing as a warning, however had made some profit on a few days hold and with your warning I jumped out (NUGT, GDX, GDXJ yesterday! THANK YOU!!!...at easehttps://www.blogger.com/profile/10646534194479581902noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-27389622494104580772011-06-10T07:47:19.389-07:002011-06-10T07:47:19.389-07:00My brother, a 44 year old with a graduate level de...My brother, a 44 year old with a graduate level degree,who works for one of the largest financial institutions in the world, and I were just talking. He was asking me about options in his 401k and I explained why I thought the market was due for a correction. In doing so, I mentioned the end of QE2. He asked me what that was.<br /><br />This is not a dumb guy. I just think 90% of Americans don't know anything other than if the Dow is up or down.<br /><br />Wow!CMThttps://www.blogger.com/profile/07345951670204944161noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-31010901011384634242011-06-10T07:37:58.787-07:002011-06-10T07:37:58.787-07:00Eatin Silver,
Thanks for that report, appreciate ...Eatin Silver,<br /><br />Thanks for that report, appreciate it, I will check that out.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-48848186225989603682011-06-10T07:32:36.975-07:002011-06-10T07:32:36.975-07:00Where are al the RALLY guys from yesterday??Where are al the RALLY guys from yesterday??traderladyhttps://www.blogger.com/profile/10842797163650842721noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-49254882505665714862011-06-10T07:29:32.447-07:002011-06-10T07:29:32.447-07:00Speaking of Kitco:
http://www.zerohedge.com/artic...Speaking of Kitco:<br /><br />http://www.zerohedge.com/article/kitco-charged-massive-tax-fraud-scheme-business-viability-questionShalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-65244343608346859752011-06-10T07:18:17.910-07:002011-06-10T07:18:17.910-07:00Thanks DG, Poly, Gary.Thanks DG, Poly, Gary.Rob L.https://www.blogger.com/profile/17409472389926387637noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-78529489334161698732011-06-10T07:13:09.700-07:002011-06-10T07:13:09.700-07:00Agree on financial, I took a bath I will never for...Agree on financial, I took a bath I will never forget the day that short ban was announced.<br /><br />BTW, little doubt Gold is now finding it's way down towards a cycle low. $US now confirming the new cycle.<br /><br />Focus on the IT trends now, they are relatively clear, riding them will take you downstream effortlessly.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-77059073788481053742011-06-10T07:10:36.879-07:002011-06-10T07:10:36.879-07:00This comment has been removed by the author.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.com