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There are several forces lining up now to send stocks into a new bull market. Chief among them …
First, the sovereign-debt crisis. The money that’s going to come out of bonds has to go somewhere. It can’t all go into gold, silver and commodities.
So as money shifts out of sovereign-bond markets in Europe, and eventually the United States, there’s going to be a huge influx of capital into stocks — especially the cream-of-the-crop stocks, the blue chips and top S&P 500 names.
Second, precisely because of the European debt crisis, the U.S. looks like a heck of a lot better place to invest these days, especially for Europeans. That’s a corollary of the above point, but it’s already in force — European money is showing up on U.S. shores in droves, and most of it is going into U.S. stocks and bonds.
Third, as I’ve often said in the past, good quality stocks can often take on many of the attributes of commodities. In the sense that stocks can and often do inflate higher with money-printing and inflation, they can and do adjust upward as the underlying currency depreciates, or in anticipation of a currency devaluation.
This happened in the 1930s … and in just about every third-world and emerging-market country that experienced a depreciating currency. From Argentina to Brazil, from Indonesia to Malaysia, from Pakistan to Zimbabwe.
The only difference now and in the future is that the sovereign-debt crisis is not happening in emerging or third-world countries but instead is hitting the FIRST WORLD!
Money-Printing to the Rescue?
So, what could cause a new bull market in stocks when there are so many problems in the world?
The worldwide money-printing phenomenon will not be the cause of it. Even though money-printing is bullish for commodities and stocks, it’s not necessarily bullish all the time.
For instance, a lot of the recent money-printing has managed to help (at least temporarily) push back the European sovereign-debt crisis. So this can have the effect of temporarily taking some of the shine off of tangible assets. We’ve seen this happen in sugar, coffee, cotton and select other commodities that normally do well under a money-printing scenario, but are not doing so now.
And notably, right now the money-printing has largely gone to support banks in Europe. To help liquidity, to help the banks remain solvent, to help the credit markets, to bail out Greece again, and more.
But the money is not yet finding its way into the private sector, where loan demand and credit remains tight. So the fires of inflation are NOT being stoked by the current money-printing, and the inflation force behind a bull market in commodities or stocks is not yet here, either.
Simply put, money-printing is inflationary and bullish for asset prices under most scenarios, yes, but not always.
If it were, gold would already be at new record highs because there’s a heck of a lot more money-printing going on now than before.
We’re Not There Yet,
But When Is That Day Coming?
As strong as gold and silver appear … as strong as the Dow Industrials … the S&P 500 … and even oil look — they are not yet at the point where I can confidently say that new bull legs higher are starting.
Yes, I have been wrong in the short term. Very wrong. And I dislike that just as much as you do.
In fact, I personally am and have been short gold, silver, oil and the S&P 500 in the futures markets. So I fully understand how lousy it feels when you’re on the wrong side of the market.
But I will not succumb to emotions, guilt or popular sentiment just because I’ve been wrong in the short term. That would be the worst thing to do.
Instead, I have to go with hard, technical evidence gathered from my more than 30 years of experience, and from all my trading models and indicators, to draw my conclusions.
Here they are …
Gold has taken out the December high, which is very positive for the longer term. It confirms that gold is still in a long-term bull market. But that’s all it says.
To truly break out to the upside, we need to see gold take out the $1,808 and $1,835 levels — preferably on a weekly or monthly closing basis. Until then, gold remains in a very broad trading range that could easily see gold plunge back down.
Silver, as noted previously, needs to take out the $35.85 level on a monthly closing basis. If silver cannot close above that level on Tuesday, February 28, then it is still at risk of a sharp decline.
For the Dow Industrials, we need to see a close above the 12,850 level at month-end, before I can say for sure that the new bull market in the Dow that I’ve talked about many times is here. Short of that monthly breakout and buy signal, the Dow also remains at risk of a sharp decline.
In oil, we need to see a close above the $111 level before I can confidently say that a renewed long-term bull market in energy is back.
This may occur this week, or next month. But no matter what, you can rest assured that, when these markets are fully flashing green, any money you missed out on making recently or any hits you may have taken following my short-term calls will be more than made up for. Many times over.
Best wishes,
Larry
P.S. Our natural-resources expert Sean Brodrick is finalizing an urgent series of recommendations on some new natural gas companies that he’s looking at … and his instructions are going out at 1 PM Eastern Time TODAY — Monday, February 27.
To get the full story on this incredible “New Fuel Revolution” straight from Sean … and to learn how to get the names of these stocks as soon as he reveals them, click here immediately!
{ 127 comments… read them below or add one }
I think the trillions of money printing is putting a floor in the downside, next wednsday the ECB is going to launch another unlimited tranch of LTROs which likely will inflate assets agaoin like it did in the last few months.
http://www.thecompletecoveragereport.blogspot.com
You’ve been calling a top for a few weeks now Darah but the market just keeps grinding higher.
Wyoming is preparing to go its own way (should the need arise), print its own currency, have its own army—prepare for any sudden crisis in the Federal System that governs the nation by taking care of itself:
http://www.youtube.com/user/GeraldCelenteChannel
not only does the dow have to close 12,850 level at month-end, but there also has to be a 1/2 moon. That is key!
The expected lows just did not work for Larry … not in the markets…, gold…silver…oil .
But one of these days he will be with it . As long as his subsribers still have some money left all will be o.k.
If Larry has been short futures on this run up he must have plenty of money and a large tolerance for pain.
They’re building a case for getting rid of cash money:
http://finance.yahoo.com/news/u-could-pressure-north-korea-tomorrow-quit-100-094000585.html
Talk about control.
Larry, isn’t the last day of the month on Weds not Tues? Do they not have leap year in Thailand?
Beware the Ides of March —- the beginning of a 3 week period to watch——
http://www.youtube.com/watch?v=kIPAgtJEUKA&feature=related
All the massive money printing is in place. The European banks are being propped up with funny money….for now.
We are being told the U.S. economy is rebounding—but many remain skeptical (especially ole Zach).
BUT, no one is figuring in the Black Swan event. And, remember, after all you’ve already learned with the many links given on the last article’s blog—-even those so-called Black Swan events are also premeditated, pre-planned, pre-orchestrated behind the scenes.
A BIG Black Swan is getting ready to fly even now. When it does a lot of guano will hit the fan. Big time!
Yes, yes I am very skeptical about the economy. No doubt about that.
Curious FS, what is your $0.02 regarding the fallout of the event you are foreshadowing; in relation to oil, gold and silver prices?
Another VERY interesting and unique use of gold: Another key?
http://www.youtube.com/watch?v=8c84yO5izAI&feature=related
good to see the usual suspects here again. I only visit Larry’s pages for the comments now.
Well I got stopped out of my Gold short at 1750.. I was up +$45 should have TP’d some…doh oh well…
small loss.
On the bright side been learning about Ichimoky Kinko Hyo indicator, its dam good momentum following trigger..
got me long gold on friday feb 2th at 1757 and I wuent in levered up in the futures market with for a +$30 ride = 300 ticks… yippee
moves in the Japanese Yen have also been great…in fact this is how I found ichimoku, I figured I better use what the japanese use if trading this currency, I plopped it on gold and found it worked well for momentum follow thru trades ie. trend-catching….
welll see how the thing does in rangebound market, but for now thru easter I suppose we will get some nice trends.
@Farting Softly I agree with the Black Swan event not only that, how about a false flag attack to go to war? The markets are moving too calmly. I am not sure when it will happen but I will say this. Greece was to default around the 20th of March. Now I look towards the weekend which is the 23rd. This will be like the Bear Stern event prelude to the leman bros event. Greece will initiate those CDS and that will start the mother of all defaults. There is only one way to get the cash out of the system and that is by crashing it. The USD is going on 40yrs as a floating fiat currency and the end of 2012 to beginning to 2013 should be the bottom or end. Which one that is left to be seen I don’t know. Many do not know that the life span for fiat based currencies is apx 40yrs. But the market is ripe for a correction. We have a tripple top, plus a war brewing as a distraction. Look out below!
Why was it PURPOSELY planned to allow oil prices to skyrocket (and hence gas prices)—beginning in the 1970′s?
Some of you in my age bracket might remember gas under 25cent a gallon.
How will the game DRAMATICALLY change? Is it all planned that way? And why?
http://www.youtube.com/watch?v=r2Hul_M4pNI
Could it be that Larry is starting to sound bullish? That’s my queue to take some profits. I’m finally starting to get some value out of my RW subscription by betting against Larry.
Larry,
We all know that you have been wrong on gold and silver in the short term. OK, you can’t win them all. But I would now like to be clearer on what you are saying, particularly about gold. Are you saying that you no longer expect a biggish move down for gold, although “it could happen”? Or do you still foresee a biggish move down, even though you have been wrong in the short run? This makes a difference to me, and doubtless to others, but your text is waffling. Please comment. Thanks.
do you still tust him ?
Actually the popular sentiment has been that gold was going to drop. So being long when gold hit $1550 was the contrarian move. When all markets are manipulated 24/7, short term charts can be painted, skewed, and distorted by your government via the Fascist bullion bank appendages. It is beyond me why people insist on trying to game the market to make a few extra percentages in returns. Trading a manipulated market is a great way to make a small fortune.. out of a large one.
I agree with Mikjall. Perhaps it is time for Larry to have a flash alert to RWR subscribers.
The chit is about to hitten zee fan
“Iran has the largest and most diverse ballistic missiles arsenal in the region, some with a range of over 2,000 miles, capable of either carrying a one-ton conventional payload or a nuclear warhead. The Islamic regime is currently working with China and North Korea on intercontinental ballistic missiles with a range of over 6,000 miles, capable of reaching America”
http://www.wnd.com/2012/02/iran-prepares-for-kamikaze-attacks/
Putin comments on war threat to Iran
http://en.rian.ru/russia/20120227/171544784.html
Same comment as John S. and Mikjall. Thank you Larry for your answer.
I still have faith in Larry’s comments. None of you people can show any different on a chart. If you can see long term, there will be great opportunity to make plenty of money when this market settles down, and we have some sort of resolve/default with Greece and the other PIGS, France, Austria, etc… Some of you are too greedy taking shorts on Gold, Silver, S&P, DOW, etc… Just be patient, sit on your erroding cash, and be prepared to buy Bullion, quality precious metal stocks, and large commodity producers, on major pullbacks. It’s actually not that hard for the patient, the prepared, and the commited.
Unbelievable!!!! Thats all i can say
Geopolitical events can effect the markets, gold, silver, and everything else. Today there was an assassination plot uncovered—they were going to whack Vladimir Putin. Why might that be? Consider a recent statement from Vladi as reported in Envoy:
“On Monday, Putin took to the pages of “Russia Today” to sketch out his foreign policy vision, in which he argued against military strikes on Iran’s nuclear facilities and against international intervention in Syria’s domestic strife.”
Beware the Ides of March (begins a period of several weeks’ danger).
M2 has increase $67 billion dollars from January 1, 2012 through February 13, 2012. As of 2/13/2012, $9.8 trillion is now setting in M2.
http://research.stlouisfed.org/fred2/graph/?id=M2
$15 Trillion Dollar Mystery?
https://news.fidelity.com/news/news.jhtml?cat=Markets.Int&articleid=201202240806STREETCMREALTIME_11432213&IMG=N
so basically if we dont get a 150pt correction in the dow in the next two days larry sees the next bull run starting? consider it done
so this is indeed the real mccoy huh?
This guys says China is flooding our market with fake silver. Does it surprise you. This is the same country that put drywall and cement in prescription drug capsules and sold millions in the U.S. ———–
http://www.youtube.com/watch?v=65KGMEOJYDU&feature=related
Amazing, KR is an expert on gaseous emissions and can ascertain the intensity by the odor!
Those outfits fracking farmlands all over America could use his talents in their attempts to extract natural gas from the ground.
Poison being released from under the ground and chemtrails in the skies—-another hint. With toxic and flamable chemicals filling the atmosphere in-between imagine what could happen over a vast area with the right catalyst. It’s not a pretty thought.
lol
What we have established so far:
1. Gold is NOT scarce on planet Earth. You were just told it was as another means of manipulation of the price.
2. Oil is NOT rare on Earth. Dig deep enough just about anywhere and you’ll find some. Again, price manipulation to
milk down the masses.
3. $600 trillion in electronic money in the “shadow market” and only $65 trillion in the real world it total.
4. Market manipulation (only slight moves up or down for a good while now) to thoroughly clean out the funds on
millions of small investors holding inverse ETF’s as they pull out in frustration.
5. Drums of war being sounded yet again on trumped up charges.
Take a guess why Obama really put 50,000 more men in Afghanistan. Come on.
FS you may sound as if you know it all but your way of putting it across in puzzles illustrates that you come in the same category of predictors who are not very certain of any outcomes and neither clear as to what you are exactly predicting. You started with some promise of someone who knew something but somewhere along the way seem to have lost the plot.Coming to your poser on why obama (the drug addict) seems to have put more 50k men in afghanistan then its clear — to protect the opium fields .There is no black swan event as such and if you are a professional trader then you should know by now what the so called BLACK SWAN event is!In fact the rocket fuel for the so called BLACK SWAN event will start reaching its crescendo once the LTRO comes into effect tomorrow.
@Niraj
You must have missed the blog last week. We gave numerous links, and the most astute bloggers were finally able to figure out most of my metaphors presented in poetic form. They learned of many behind-the-scenes events, history leading up to them, and the trajectory upon which they move.
What they learned will help prepare them for what is transpiring.
Yet, none has yet figured out the total picture yet, though I think some may soon do so with these additional hints. I can only say so much. You fellows have to use your grey matter to connect the dots. I don’t believe in spoon-feeding but in challenging people to use their own powers of analysis, intuition, and reasoning.
And, I never claimed to be a prophet. The future is NOT SET IN CEMENT. One who can see into the future can see it as it NOW is set to happen. But, in the interval, the FREE WILL OF MEN can come into play, and their actions can CHANGE that future, so what the seer now sees at this moment may not be valid. What men call “the future” is constantly changing.
You answer about Afghanistan is totally wrong, sorry. If that were so they would not be allowing Afghani soldiers to destroy poppie fields, as is currently happening.
See who guess the right answer first. It is connected to the many hints given on last week’s blog, and is CRUCIAL to understanding the whole scenario that is moving towards fruition.
Wrong! The future is set in stone.Only the way we perceive it always changes.Opium is a multi billion dollar business for the banking cartel and roughly generates more than 300-500Billion dollar of profits every year.Destruction of a few poppy fields by a few afghanis does not matter and rather helps in distracting someone pointing a finger at them. There are other uses too like the gas pipeline which is again a potential multi billion dollar money making machine serving the energy needs of the nearby giants.
Well, you haven’t gotten to the MAIN reason yet my friend. You’re nipping around the edges. Keep trying.
And, we have a MAJOR philosophical difference. It seems you are a fatalist, a believer in predestination. That would absolve humans of any free will. If we accept your views, and draw out the KARMA man has earned up to this point, that means his evolution would end shortly and all would be wiped out.
Thankfully, your fatalism is incorrect, and we ALWAYS have the power to change what men call the “future” by changing our actions, thoughts, attitudes and feelings NOW.
You can prove this in your own little life. Begin a radical change in your mind—towards kindness, helpfulness, caring, giving, etc.—-and you will witness an amazing turnaround in your health, your prosperity, your well-being, your contentment, and the way others treat you.
Keep thinking in the same old way, acting the same old way, and indeed you WILL receive the same old things. So, in that case, I suppose you can predict YOUR future. A person committing criminal acts, for example, can pretty well predict his future includes time in prison. Now, he changes his ways, reforms himself, etc. and he can pretty well predict his future does NOT include prison time.
WE ALWAYS HAVE THE POWER TO CHANGE OUR FUTURE. That is a prime AMERICAN belief and always has been. But people got sidetracked into greed and selfishness. So now we are headed in that dark trajectory to the consequences of the “future” that kind of living creates. The ancient prophets of ALL religions spelled it out so very clear. SOW THE WIND AND REAP THE WHIRLWIND.
But, they also made it VERY clear that by reforming himself, his actions, his deeds, his words, his thoughts, his attitudes, that man could CHANGE his future—-he could avert disaster.
This lesson screams out from ALL ancient writings—-Egyptian, Babylonian, Hebrew, Christian, Buddhist, etc.
WE CREATE OUR OWN REALITY!!!! The system now in power wants you to believe your are all helpless victims. You are not. There is a bright future ahead once lessons are learned and the self-willed cynical teenager called mankind finally grows up and assumes his rightful place among truly sentient beings.
FS, good links boss. Man, sorry I second guessed you. But your posts are rather dizzying. As for me I’ll opt on being laconic- tell that to the Spartans. Anyway, if gold isn’t scarce wouldn’t you rather have it still over that paper nummae that’s worthless.
WTF LARRY? I BEEN WATCHING U FOR 2 1/2 YEARS AND EVERY 6 MONMTHS U RACK UP 60-70% LOSSES IN LEVERAGED ETFS FOR PEOPLE THEN THROW IN THE TOWEL ON UR VIEWS WHEN EVERYONE HAS LOST SUBSTANTIAL MONEY. DO EVERYONE A FAVOR AND RETIRE. U END THIS ARTICLE WITH , DONT WORRY DOWN THE ROAD THERE WILL BE PLENTY MORE…. THATS WHAT U SAID LAST TIME U F****ED UP
F S
You are right that the future is not set in cement, as the movers and shakers, the elite, the power brokers such as helicopotor Ben and friends think it is, and even their most evil of intentions can be sidetracted and disrupted. But in the real world(as opposed to their fantesy land) the future is nothing more then history, waiting to happen, and is most definitely set in stone, as proven over and over again in the bible. As a matter of fact, the one subject that you’ve been discussing on this very forum, which appears about ready to take place, was predicted in the early part of the sixth century BC, and is recorded in the Book of Exekiel, chapters thirty eight and thirty nine, should you or anyone else care to check it out. Tells of the upcoming invasion of Israel, spearheaded by Persisa(Iran) with Russia, and a host of other countries named who will partake in this failed invasion.
If Leon Penetta’s statement that Israel could attack Iran this coming April, May or June, was nothing more then a headfake, as many of my friends think it was, then Israel may indeed be attacking Irans nuclear building facilities in March, with or without the US, and this will almost most certainly lead to a retaliation by Iran and allies. One quick point on the possible “headfake” and that is we cannot forget who invented the game of chess, so they most likely won’t be fooled one iota by it.
My question is, when this attack occurs, what do you(or anyone else who cares to answer) think this will do to the price of silver and gold?
Silver is breaking out and all the minion market timers and gamblers were wrong once again. I have some advice for them, go long and stay long. That advice is free and would have made you the most money over this 11 year bull market. But I guess having your accounts churned and paying for it is a self torture some people seem to love.
How many times does someone have to be wrong before they lose credibility? Larry, you make the weatherman look good!!!
Good form sir, the weather man does in fact look to be accurate by comparison.
To All the Lary’s Fan.
Those intersted in buying silver…. consider buying it in much higher price now.
do not listen to Lary !
The DOW and Silver are “nuking” your thresholds…new ones, old ones and future ones..
I dig this snippet from above…its a weak-knee-ed comment on the DOW trying to stay relevant….
“For the Dow Industrials, we need to see a close above the 12,850 level at month-end, before I can say for sure that the new bull market in the Dow that I’ve talked about many times is here.”
when were you talking about a new Bull Market??..
Is anybody still holding ZSL? It is now in the single digits. By the time silver hits $50. ZSL will be less than $5. and will probably have to reverse split to stay listed.
Larry, dude, get out fo your shorts NOW. Silver already broke way over that $35 technically resistance and gold is getting close to the $1808. Things are looking very bright for commodities across the board and people are ditching sovereign debt in favor of stocks, and commodities. Part of trading is admitting you are wrong, getting out of bad trades, and moving on instead of trying to prove you are right when you are on the losing side of the trade. All of Weiss Research, you included, have trouble with that.
The thing you ARE right about is that your long term analysis is correct and we are staging a bull market.
http://www.telegraph.co.uk/news/politics/9107485/George-Osborne-UK-has-run-out-of-money.html
UK has run out of $.
Reports on Korean websites say N. Korea is flooding massive amounts of “superdollars” (fake US dollars) into China, which in turn are spread by Chinese tourists and travelers all over the world.
http://english.chosun.com/site/data/html_dir/2010/04/23/2010042300467.html
Now, remember, things aren’t always as they appear. Behind-the-scenes connections may exist unknown to the general public. Who is it that is REALLY flooding the world with funny money? And for what purpose? As we approach the critical period, “enemies” must be demonized in the media, appearances must be created. Remember well the story of the Lusitania—-that is a huge hint as to what is now transpiring.
Several article blogs ago I gave a hint—-short and sweet—-as to which direction the silver and gold market will take—-apparently no one caught it. I cannot repeat it, sorry.
You really must think YOU ARE VERY IMPORTANT .
I just like to see who among you is on his toes.
Talk about ” inflation ” for some of the subscribers here … SILVER at $ 27 is gone …..37 % higher now by Feb. 28 2012 …GOLD at $ 1530′s is gone …16.75 % higher now and only because you were to greedy on the downside . OIL never went to $ 70 either as Larry was saying.
But one of these days it falls back again . Maybe 2013 will be a better yr. for buying again .
Economic devastation on the horizon. You all know I am very pessimistic on the economy. Here is an interesting article.
http://www.usatoday.com/money/perfi/stocks/story/2012-02-26/stock-market-bears-doomsayers/53259742/1?csp=34money&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29&utm_content=Google+Reader
Prechter has been wrong for years and so has Dent. They keep pushing their doom and gloom forecasts further down the road. The other guy I never heard of. All I know is anyone who has followed their investment advice to date has undoubtedly lost a lot of money.
@ peter,
I agree buddy. 2013 will be the buy time/crashes.
This election year is on the upswing with the can just being kicked to 2013.
That’s for sure … Armstrong has 2013 on his list too for ” falling off ” . Let’s see how far gold gets in 2012 … mayby the $ 2200 number comes in . A lot up in 2012 and a lot down in 2013 is the word on the street……well, only with some .
Maybe Larry will wait for 2013 with his numbers ?
Remember the banksters take their marching orders from London, not Washington. Read The Creature from Jekyll Island for a full history of the rise and fall of banks in America, the scams of the FED, and the hidden history of the Civil War, the Lusitania, etc.
That author’s premise was that our Great Depression was brought on by a massive behind-the-scenes bailout of the Brits—-by mutual agreement of the American and European banking elite who owe their allegiance to London—-and that the well being of the American people was sacrificed to save the life style of the Brits.
Now, in 2008, over $7 trillion went to banks—most European banks—-in the so-called TARP bailout. It was much much more than $700billion—–actually, as shown on the links we posted previously, the handout has been $28 trillion since 2008! So, in a sense, history is repeating itself on that count. America has been bankrupted in an attempt to salvage European banks (the American banking families are from Europe).
They will keep grabbing for even more now. The dollar swaps by Bernanke were just part of it.
looks like the work of the Rothschild’s, or is that Fabian Society, or is that Bilderberg ???
Stopped out of ZSL today. Is it time to buy silver again?
No … the time to buy was at $ 27 …sorry you missed it . But you can always chase it .
I think it has plenty of room to run.
New Central Bank Cash Glut Risks ‘Monetary Anarchy’
http://www.moneynews.com/InvestingAnalysis/Central-Bank-Cash-Anarchy/2012/02/28/id/430858
Ah, right on time. The drop starts now.
@ peter,
Good cite on Armstrong. In addition to his falling off of 2013, he has said he believes the real hike in gold price will come in 2017. This meshes well with Larry’s long term view of gold, silver, food, gas etc. etc… going up big time around 2015. Logic would point to a correction in late 2012, or more likely post elections in 2013 through 2014, before taking off to the unseen new highs predicted in 2015-2017. Time will tell.
Here is an interesting update:
http://silverdoctors.blogspot.com/2012/02/silver-update-silver-salvage.html
GE to 3M Pension Pain Mounts as Fed Policy Boosts Liabilities
http://www.moneynews.com/Economy/Pension-Pain-Rates-Liabilities/2012/02/28/id/430827
I need an education….
Does the market recognize Leap Year, or is the 29th the closing point of the month (dumb question, but I am young, so feel free to pull the age card.) Larry points to Today as being the end of the month, but clearly there is tomorrow, the 29th….just looking for the clarity.
“Silver, as noted previously, needs to take out the $35.85 level on a monthly closing basis. If silver cannot close above that level on Tuesday, February 28, then it is still at risk of a sharp decline.”
Geewiz….seems that silver took that price range out today, and then some.
NOW….is it “I was wrong, silver is headed up” or is it “Silver needs to take out the $38.00+ level….”
Well Silver broke 35.85 on the 28th/Feb. So its a buy ? Though ive been buying every month…
Americanism or Globalism? You can’t have it both ways, or can you?
Here are some fascinating historical comments by our own past leaders as a lead in to a synopsis of what’s actually happening now.
http://www.youtube.com/watch?v=DQJn4_SuvDA&feature=related
So many people are trying to figure out WHAT the Black Swan event(s) will be, and theories abound. Here’s yet another:
http://www.youtube.com/watch?v=DQJn4_SuvDA&feature=related
Note: EMP stands for electro-magnetic pulse
Nature has its own EMP—-it’s called solar flare. Those are predicted to continue increasing in 2012 and have the potential, if strong enough, to disable (or fry) all electronics over vast areas of the globe.
You are quite farticulated.
@KR—-in your scenario, can we assume all will continue as is, the economy will ameliorate, jobs will be plentiful, our foreign wars will end, and gold will soar to $2000 per ounce and higher—in the near term (before 2014)?
On another subject: NPR reported today that unemployment in Russia is near zero percent. A Russian they interviewed in Moscow said you can find yourself a job in half an hour easily.
I wonder what country KR lives in? Actually, according to his title, he must be its sovereign whichever one it is. I guess that means the country is a monarchy?
Any one care to guess which country King Ralph rules over?
We must be getting just too hot for them to tolerate? I guess I was being a little too clear. The comment I just entered was PREEMPTED to another server and away from Uncommon Wisdom—obviously screened by the powers that be (and I’m not referring to Larry or the Weiss admins) and unfortunately DELETED. Oh well—- and you all wonder why I can’t speak in clearer terms. Now you know.
For any of you who still falsely believe oil is rare on planet Earth:
http://moneymorning.com/2012/02/28/occidental-petroleum-corp-nyse-oxy-the-best-way-to-profit-from-the-monterey-shale/
FOOD FOR THOUGHT:
Prov. 16.16
” How much better is it to get wisdom than gold! and to get understanding rather to be chosen than silver! “
Prov. 16.18
“Pride goeth before destruction, and an haughty spirit before a fall.”
Have we ever been a haughty people, prideful, and condescending and dismissive to those of other nations or races?
Watch the comments on this statement to judge.
Some people claim to live by “every world” of the Bible. They even look to it to discover future events in prophecies that are believed to predict those, such as wars, invasions, the fall of empires, etc. And, yes, some “believers” even look to the scripture to find out what the future is for gold.They say you can prove anything by using Bible verses. I’ve known such people. Here is a quote beginning at James 5.3 :
“….Weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away, and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment. For listen! Hear the cries of the field workers whom you have cheated of their pay. The wages you held back cry out against you. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies.
You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. You have condemned and killed innocent people,a who do not resist you.”
Hmmmmmm……Does any of that bring foreign migrant field workers to mind? Has this nation ever had slave laborers used like beasts of burden? Has our nation ever done any of that? Have we ever attacked any innocent people who have not attacked us? Hmmmm……..??? As a penalty…….THE WEALTH WE THOUGHT MADE US SO GREAT (INCLUDING OUR GOLD AND SILVER) WILL BECOME WORTHLESS. I’m not saying that. I read it in the book.
Now, I’m just reporting something I read there. Would such a penalty be just deserts for arrogance, abuse, condescension, and unjustified aggression?
WE CREATE OUR OWN REALITY! How? By our actions, our thoughts, our words……………….And, we can change that “future” or at least soften it, by changing our wrong actions, our wrong thoughts, and our wrong words as a nation ASAP.
I’ve heard people say—-people who study the Bible—-that whenever you see “Day of Judgement” that those words fix the time period to when they believe everything will come crashing down—just before the end of the “world” as so many of them believe.
NOTE: The word translated “world” from the Greek in many verses can be “kosmos” or “aeon.” When it is the latter it means AGE, not WORLD. Instead of the end of the world we are approaching the end of an age. This is what the Mayans, the Egyptians, the Babylonians, the Hindus, the Amerindians, the Incas, and other indigenous peoples all knew. TIME IS CYCLICAL, NOT LINEAR.
Want at hint to when the fall of our present corrupt system is immanent? Here you go:
2 Timothy 3:1-5
“But mark this: There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, slanderous, without self-control, brutal, not lovers of the good, treacherous, rash, conceited, lovers of pleasure rather than lovers of God— having a form of godliness but denying its power. Have nothing to do with them.”
Any of that sound familiar?
FS perhaps you are not able to fathom the import of my statement that everything is set in STONE.Perhaps you need to get yourself into the metaphysical mode to understand what i really mean.Lets save that for another day.What is destined to happen will happen irrespective of ones will.Lets limit our thoughts to the market and the so called BLACK SWAN event which is very very near than most can imagine.Its time for black gold.Its time for the green plants to bear their fruits.Slowly,steadily and then fast and swift it rises from the ashes and rises and rises till it brings dove drops of nectar in which mankind dwells.
Niraj,
Perhaps you should research the difference between “destiny” and “fate?” Americans always believed in DESTINY, but knew it was up to them to make it happen. That is what made us unique in the world. The nations of the Old World—languishing in millenia of wars, mutual distrust, hatred, and violence—could never realize that fact.
It is NOT within their consciousness to do so. When Americans wake up from the mesmerization of materialism and the media MATRIX they find themselves caught up in, which includes self-delusion—THEN they will remember the DESTINY that is truly theirs and once resume the holy work of creating it.
And that, my dear Niraj, is the hope of the world.
The fatalists of the Old World can never understand that, that’s way they have never gotten beyond mutual hate, endless wars, and shifting borders. Now, their ways are influencing America. They wish to pull us into the morass of doom they’re creating—-in the Middle East and elsewhere.
Yes, unfortunately our beloved nation will have to learn some lessons the hard way, but your eternal DARK future is a myth Niraj, meant only for the minds of the Old World like yours, not ours.
When the storm clouds finally clear, the golden dawn WILL come, and the world will smile once again. Time is CYCLICAL, not linear as some believe. It is not a final end coming.
It is a transition—albeit painful, like a mother giving birth—-to a NEW and BETTER way.
Mankind has been on the planet for well over one million years. He has had evolution upwards and downwards, periods of golden ages and periods of barbarism. We are now in a dark age, but all ages come to an end Niraj, including this one.
Get your nose out of your beard, and look up. The SUN will rise again.
It seems that so many experts have joined this blog, all possessing far more experience than Larry. What I don’t understand is why these experts don’t have their own financial reports they are selling. Larry, and all of us, could subscribe to their reports and we would all grow fabulously weathy. Larry could even incorporate their knowledge into his reports and then he would never be wrong. Imagine the advantage that he and all of us would have.
It almost sounds too good to be true. Oh wait, when things seem too good to be true they usually are.
Those who care to can seek out David X, or Ewy, or any number of other experts for their advice. In my opinion we get all the philosophy we need from F.S. His commentary can be interesting although I am not wise enough to ascertain all he is trying to tell us. I would prefer to get my advice from Larry – no offense to the other experts who have found a free place to espouse their wisdom. Perhaps Larry could give his subscribers a flash alert update as we are in a very confusing time.
@John S who wrote : ‘I don’t understand’.
Yes, you’re right, you don’t understand the marketplace. Because the truth is that 95% of successful people in the market are not interested in news-letters and selling signals. If you’ve got a certain method you need no additional income as you add to size progressively, while news-letters and passing on signals take time. Also the truth is that many successful traders are/were not able to run a fund or trade with someone else’s money the same way they did for themselves because of psychological implications. Note that you’re here because this is a well known site. You’re not somewhere else for you’ve haven’t heard about it.
The marketplace is vast and there is as many successful methods as there are successful traders. One may scalp the Europe’s open in DAX futures and make the living. Another goes with the flow between 12-14 London Time in USB30, fine method to make a living. Another trades hourly crosses of 9ema and 90ma in oil. One spends 2 hours in the evening trading daily EUR/GBP. Another has spent the past 10 ears trading ma crosses in 5m time frame EUR/GBP. Nothing wrong to it! Another is an investor and buys sell-offs in the stock market once a year. John Hampson (Amalgamator) trades solar cycles filtered with amalgamation of other factors: he made money in 2011. Another market participant doesn’t really know what to do and loses money every month. People may do diverse and not correlated things in the market to make a living. You cannot follow all of their actions. Personally I believe that nobody should follow others’ advice as to methodology – while all can profit from sharing their insights about the art of trading and philosophy of the markets, this is why people use to communicate in comments or forums. People often participate in conversations for fun, sometimes to broaden horizons, sometimes to find confirmation for their views. You think all commentators want to advertize their wisdom and dream of being a gouru like Larry?
Let me explain. To become popular today (if you want to) you must attract the masses. To attract the masses, you must be attractive : promiss a lot , offer no pain and effort in exchage. This is probably why you are here, therefore you’re right once more : you better stick to Larry’s advice, in order to know whom you follow.
Imagine a highly successful trader tells the masses : sit if front of the monitor 5h a day, do your homework 3h a day, you might – after 3 years of practice – become consistent and make a living, earning 1 S&P point a day. The masses won’t buy it! They are programmed to dream about becoming rich virtually overnight with no time, effort and pain input.
All the massive money printing is in place. The European banks are being propped up with funny money….for now.
We are being told the U.S. economy is rebounding—but many remain skeptical (especially ole Zach).
BUT, no one is figuring in the Black Swan event. And, remember, after all you’ve already learned with the many links given on the last article’s blog—-even those so-called Black Swan events are also premeditated, pre-planned, pre-orchestrated behind the scenes.
A BIG Black Swan is getting ready to fly even now. When it does a lot of guano will hit the fan. Big time!
Reports on Korean websites say N. Korea is flooding massive amounts of “superdollars” (fake US dollars) into China, which in turn are spread by Chinese tourists and travelers all over the world.
http://english.chosun.com/site/data/html_dir/2010/04/23/2010042300467.html
Now, remember, things aren’t always as they appear. Behind-the-scenes connections may exist unknown to the general public. Who is it that is REALLY flooding the world with funny money? And for what purpose? As we approach the critical period, “enemies” must be demonized in the media, appearances must be created. Remember well the story of the Lusitania—-that is a huge hint as to what is now transpiring.
Geopolitical events can effect the markets, gold, silver, and everything else. Today there was an assassination plot uncovered—they were going to whack Vladimir Putin. Why might that be? Consider a recent statement from Vladi as reported in Envoy:
“On Monday, Putin took to the pages of “Russia Today” to sketch out his foreign policy vision, in which he argued against military strikes on Iran’s nuclear facilities and against international intervention in Syria’s domestic strife.”
Beware the Ides of March (begins a period of several weeks’ danger).
What we have established so far:
1. Gold is NOT scarce on planet Earth. You were just told it was as another means of manipulation of the price.
2. Oil is NOT rare on Earth. Dig deep enough just about anywhere and you’ll find some. Again, price manipulation to
milk down the masses.
3. $600 trillion in electronic money in the “shadow market” and only $65 trillion in the real world it total.
4. Market manipulation (only slight moves up or down for a good while now) to thoroughly clean out the funds on
millions of small investors holding inverse ETF’s as they pull out in frustration.
5. Drums of war being sounded yet again on trumped up charges.
Take a guess why Obama really put 50,000 more men in Afghanistan. Come on.
Remember the banksters take their marching orders from London, not Washington. Read The Creature from Jekyll Island for a full history of the rise and fall of banks in America, the scams of the FED, and the hidden history of the Civil War, the Lusitania, etc.
That author’s premise was that our Great Depression was brought on by a massive behind-the-scenes bailout of the Brits—-by mutual agreement of the American and European banking elite who owe their allegiance to London—-and that the well being of the American people was sacrificed to save the life style of the Brits.
Now, in 2008, over $7 trillion went to banks—most European banks—-in the so-called TARP bailout. It was much much more than $700billion—–actually, as shown on the links we posted previously, the handout has been $28 trillion since 2008! So, in a sense, history is repeating itself on that count. America has been bankrupted in an attempt to salvage European banks (the American banking families are from Europe).
They will keep grabbing for even more now. The dollar swaps by Bernanke were just part of it.
We must be getting just too hot for them to tolerate? I guess I was being a little too clear. The comment I just entered was PREEMPTED to another server and away from Uncommon Wisdom—obviously screened by the powers that be (and I’m not referring to Larry or the Weiss admins) and unfortunately DELETED. Oh well—- and you all wonder why I can’t speak in clearer terms. Now you know.
Some people claim to live by “every world” of the Bible. They even look to it to discover future events in prophecies that are believed to predict those, such as wars, invasions, the fall of empires, etc. And, yes, some “believers” even look to the scripture to find out what the future is for gold.They say you can prove anything by using Bible verses. I’ve known such people. Here is a quote beginning at James 5.3 :
“….Weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away, and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment. For listen! Hear the cries of the field workers whom you have cheated of their pay. The wages you held back cry out against you. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies.
You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. You have condemned and killed innocent people,a who do not resist you.”
Hmmmmmm……Does any of that bring foreign migrant field workers to mind? Has this nation ever had slave laborers used like beasts of burden? Has our nation ever done any of that? Have we ever attacked any innocent people who have not attacked us? Hmmmm……..??? As a penalty…….THE WEALTH WE THOUGHT MADE US SO GREAT (INCLUDING OUR GOLD AND SILVER) WILL BECOME WORTHLESS. I’m not saying that. I read it in the book.
Now, I’m just reporting something I read there. Would such a penalty be just deserts for arrogance, abuse, condescension, and unjustified aggression?
WE CREATE OUR OWN REALITY! How? By our actions, our thoughts, our words……………….And, we can change that “future” or at least soften it, by changing our wrong actions, our wrong thoughts, and our wrong words as a nation ASAP.
I’ve heard people say—-people who study the Bible—-that whenever you see “Day of Judgement” that those words fix the time period to when they believe everything will come crashing down—just before the end of the “world” as so many of them believe.
NOTE: The word translated “world” from the Greek in many verses can be “kosmos” or “aeon.” When it is the latter it means AGE, not WORLD. Instead of the end of the world we are approaching the end of an age. This is what the Mayans, the Egyptians, the Babylonians, the Hindus, the Amerindians, the Incas, and other indigenous peoples all knew. TIME IS CYCLICAL, NOT LINEAR.
Want at hint to when the fall of our present corrupt system is immanent? Here you go:
2 Timothy 3:1-5
“But mark this: There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, slanderous, without self-control, brutal, not lovers of the good, treacherous, rash, conceited, lovers of pleasure rather than lovers of God— having a form of godliness but denying its power. Have nothing to do with them.”
Any of that sound familiar?
Pension gap spells trouble for muni bonds
https://news.fidelity.com/news/article.jhtml?guid=/FidelityNewsPage/pages/pension-gap-spells-trouble-for-munis&topic=investing-bonds-cds
“Instead, I have to go with hard, technical evidence gathered from my more than 30 years of experience, and from all my trading models and indicators, to draw my conclusions.”
What kind of experience? One doesn’t need 30 years of experience in technical trading to know that technical analysis is there to assess the probablilities and that there is never 100% sure otcome. Larry says that if DJIA today remains above 12850 this will mark a 100% sure start of new bull. I strongly disagree with this statement. The monthly chart looks relatively positive, but it says nothing certain about the months to come. The market may pause here, move up and pause, move down a bit, move up then pause…which is fine for me. Back in October, the monthly chart looked relatively negative, which reversed. Interestingly, the moves in S&P nad DJIA happend this years mostly in Globex session, so that the traders in America woke up day by day to a concluded direction, facing the same boring options : will it retrace or move a bit further before stalling for the rest of the session? Now the volatility is very low and the market looks like it doesn’t move much…watch out for a possible range expansion.
As to closing remain short positions, it was time to do back in December and January. Most of ETFs, espacially leveraged ETFs positions should never have been entered. ZSL is at all time low, while Silver still way below last year high, thats the beauty of these ‘sophisticated’ derivatives.
On the other hand, there seems to be little or no technically minded traders here, this site attracts investors, fortune seekers, punters, theorists with no regard to aspects of trading. Because to have a conviction and to enter the market is the first step of the whole process, even if one doesn’t use TA and relies on fundamental conclusions. Forcast must come with probabilities assessment and action plan in case the scenario is negated. Forecast cannot fix trader’s eyes to a one and certain outcome, as it’s a recipe for disaster if he is wrong. Being wrong from time to time is inevitable, one cannot make money in the markets without accepting this concept.
Who, in 2006, 2007, 2008, 2009 was right about gold, house prices, stock market? Who said buy the March 2009 low? Who said sell 2007 house? Who said stick to long term gold when it corrected from 1040 to 740, before rising 100% higher?
Larry Edelson.
Who said in 2009 ‘Kinross GoldCorp is one of my favourites? Who has no idea what ETFs are about? Who implements inconfirmed and untested study of cycles to the technical analysis with no success? Who cannot recognize his mistakes? Who cannot bear the pain of cutting the loss? Who (my guess) doesn’t really trade that much with his own money?
Larry Edelson.
Larry is a guru of long term fundamental analysis. Larry has no grip of the market basic concepts. Larry needs a wife who happens to be a derivatives trader.
Thanks to despe906 for his insights. I will stick to Larry’s advice.
FS, just in a space of few weeks jumped from a status of persona non grata to a leading contibutor to comments section, only because the other participants realised that the guy, possibly, has more knowledge than others. Is he really over 90yo? I doubt. Has he information about events to come? Possibly. Does he know the future? No. Does he writes 100 words a minute…is this phisically possible? Is he eloquent? More than me, although English is not even my second language, my second language is French. Is FS an attention seeker? Definitely, he loves being in the center of attention. Are his intentions honest? Probably. Is he opening eyes? Positive.
FS, do you like Indian spices?
Gold is tanking. Any of you experts know how low it will go?
It will crash along with all other assets it is now correlated with after oil super spikes from the upcoming Iran strikes by Israel.
New Subscriber steps from the shadows and into the ring.
He takes on panicking gold-bugs like Clubber Lang approaches Rocky Balboa.
N.S. is quoted as stating ” No I don’t hate gold-bugs, I just pity the fools”.
See more here on New subscriber’s commentary:
http://www.youtube.com/watch?v=DJnKm6ftPu0
You have no idea what you’re talking about. I was a goldbug before gold was $500! I AM A GOLDBUG!!!!
Tanking is a rather extreme term. The market has merely given up gains made over the last week.
The peoples champ Martin Armstrong had this to say on Feb 25th.
Silver:
For now, February must close
ABOVE 33.74 at the very least to
stay somewhat bullish near-
term. But only a monthly close
above 43.50 will signal a
possible breakout.
Gold:
We are by no means on a course
to record highs on a confirmed
basis just yet. Gold closed positive at
year-end 2011 and that has left it in
a position where new highs are possible
in 2012. The Weekly Bullish
Reversals stand at 1917.5 and
January closed above the Monthly
Bullish at 1637 leaving us looking
at the next level above 1900. February
needs to close ABOVE the December
high to keep gold position near-term.
While the daily level has been took profit
against the December high on February 3
rd, it has been bullish against from the 10th.
Isaiah 41:10:
Fear thou not; for I am with thee
Be not dismayed; for I am thy God
I will strengthen thee; yea, I will help thee
Yea, I will uphold thee with the right hand of my righteousness.
You forgot to mention that ARMSTRONG had a panic cycle for Feb. 29 in his silver write-up and for markets Mar. 2 as well . GEE… HE KNEW !!!
yes he did. Armstrong is always a good read.
Ying and Yang articles:
Double dip recession most likely depression:
http://www.moneynews.com/StreetTalk/Rickards-Double-Dip-Recession/2012/02/29/id/430918?s=al&promo_code=E4A4-1
Elsewhere, the Ben Bernank states no QE in the near future as the economy is improving:
http://www.nola.com/business/index.ssf/2012/02/economy_better_than_expected_b.html
Some of the “experts” are spinning the PM’s pullback and attributing it to some of the LTRO decisions and Bernanke’s testimony today…Is that market that manipulated? If so, Larry’s caution could be warranted after all.
Yes, Americans ARE different. Should we condescend to the rest of the world? No. Should we look upon the nations of the Old World as has beens like Donald Rumsfeld did? Should we write them off as a loss to the dustbin of failed empires? Should we turn our backs on them completely? No.
The FACT is that America is unique in the history of the world in modern times. We are here to fulfill a purpose—a destiny. Is that predestination? No, because we always have free will. Can we fail in that purpose? Yes. Should we fail? NO!
Is our “run” finished? By no means, though right now it may appear to be so.
But to get back on track, Americans have to break the mesmerization of mindless materialism, break the cycle of useless wars and aggression, break the downward spiral of our morality. America, if any of you care to research it, was actually founded as an experiment. Its roots are in the visions of Lord Bacon and his New Atlantis.
We are now on a dark downward spiral as a nation because we have temporarily lost our way. Everyone here is interested in short term and longer term investing, trading, moneymaking. That’s fine. But one must inevitably keep the BROADER PICTURE in mind, as that broader picture will INEVITABLY overwhelm any smaller cycles or trends.
To be in the dark about the BROAD vast forward waves of inertia that are compelling mankind to change on all sides makes no sense, as, by comparison the BIG trends will make the smaller superfluous.
Whatever small things occur here and there, whatever up or down movements a silver market might take, whatever rises or dips a stock market might experience, all pale into insignificance in the face of the VAST OVERWHELMING MOVEMENT that is pushing mankind to change—–a new paradigm of being and thinking is in the offing. If you haven’t sensed or felt it yet you eventually will.
It has always been the evolutionary vanguard (the most sensitive and attuned minds) that have first realized the changes to come, while the masses remain oblivious till the very moment the new wave overtakes them.
Ok I’m not a gentleman but I’ll bite FS. Gold will go DOWN if there is a superspike in oil because the increase in price of oil will be a large increase in cost that will reduce corporate earnings, be like a tax on an already burdened and deleveraging consumer, and due to margin calls from the fall in the stock markets. See 2008. What did I win?
Ok the first sentence didn’t come out as I intended but you get my drift. Snarky comments may now commence.
Also, factor in the wildcard that Iran would immediately retaliate against the West by denying further oil shipments to Greece and if the EZ doesn’t gift oil to Greece during that conflict there will be no bailout funds paid to Greece. Or Greece will simply implode socially and financially making the EZ plan to contain Greece’s contagion a wild eyed dream of unicorns and skittles.
Let’s say honestly that people have no savings, they have debt. In a crisis they wouldn’t buy gold, they would cut expenses or sell property to generate cash. Banks have no savings, they have debt. In a crisis they would seek liquidity by deleveraging : also selling long gold positions. Governments, cities, all would have more acute problems than preserving their ‘savings’. The rich – they own properties, land, also physical gold, but they would like to turn some paper into PMs in a crisis. So risk aversion or panic in the market wouldn’t make significant upward pressure on gold. In hyperinflation people would get their wages twice a day and would want to immediately exchange them for food and other current expenses. They would need to sell shiny items to buy things neccessary for survival. On the other hand, the markets are manipulated, especially now when the derivatives can easily lead the cash market. Once again, technical traders would beat ‘fundamentalists’.
Global hyperinflation wouldn’t be particularly bullish for gold. In initial stages there would be tendency to turn paper into expansion and speculation. Companies having access to credit would turn capital into machinery, materials and other fixed investments. Later when unemployment and destruction of purchasing power implode the economy, the real fight would begin : no sugar or milk to buy. Therefore my conclusion is that gold prices should lag behind wheat, steel and toilet paper prices. Affraid of hyperinflation? Buy a few boxes of hair clippers.
FS destiny and fate are interwoven.Yes TIME is CYCLICAL and we will emerge from the dark ages sometime in the future but we have just entered the dark ages and by no means its getting over in the next few decades.Oil -water is all same…only thing is u cannot drink oil.We have already seen a glimpse of black gold yesterday with much more to come.The king has already risen from the ashes and the weeks ahead should bestow its magical powers on almost everything in the world as they bow before him….
What really bothers me is that the trashers that post on this site to bash Larry don’t do any bashing when the metals take a dump like yesterday. Hey where are you all? No trashing of Egan von Greyerz, Jim Sinclair, Ben Davies all you can find on the kingworldnews site saying the metals had nowhere to go but to the moon. Pathetic. As a goldbug I am so sick and tired of those pump and dumpers. The fact is that corrections take place but you’ll never hear it from those supposed experts.
NS…2 things:
1) yesterday’s action was not a correction as you imply in your last sentence. It wasn’t even the start of of a trend.
2). How come we never hear from you until the markets make a move SEEMINGLY in a direction that favors your attitude??..How come you never come to Larry’s defense until markets SEMMINGLY turn in his favor??…
you bash the Bulls for disappearing when the markets SEEMINGLY go against their positions. Where do you disappear to??..
# 2 makes you a hypocrite….
Go back to beauty school…
.
To NS … you have a very good point here … been in for yrs. and yes, Sinclair only calls it up but never any downside…so does Eric Sprott or James Turk and so many more .
These ” UP callers ” are just as bad as one would constantly say ” gold/silver will crash ” … which we can find enough of those people too .
Sometimes I think , without this hype ( gold to $ 10,000 / silver to $ 1100 ) they won’t find an audience for this bull market … just my thought . Going by the performance of the HUI … it’s not really a hot thing for now but was until 2006 .
peter, I am a huge metals bull. That’s why people don’t get me. I strongly think we are going to have a huge deflationary wave followed by the mother of all inflations/hyperinflations. It will be extreme volatility. People only think linearly, like oh you’re either calling the market to go down or to go up but not both. I am calling for both. I feel it will be a variation on the 2008 theme. But maybe more extreme. The deflation and plunge in asset prices will be a perfect reason for Bernanke to not even pretend to “sterilize” the money supply anymore. The deflation wave will also give a needed boost to the US dollar otherwise it too would come under attack. It’s 2008 all over again.
Egon von Greyerz had the balls to claim 2 days ago that silver was going to $50 by the end of March. After the silver dump yesterday he realizes he has no credibility left so he posts something by Alf Field that the gold correction won’t be worse than 1685 and then it’s going even higher than originally thought! http://goldswitzerland.com/index.php/what-happened-to-gold-on-leap-year-day-2012/
FYI Alf Field for years would not state where prices were going in the metals because he didn’t want people trading off the numbers. Only recently he came out with his prediction of $4500 gold according to his scientific expertise with wave theory.
Anyone who listens to these people blindly will end up capitulating when the price moves down much more from here (it will eventually move back up again but not before many suckers who listen to these folks are shaken off the metals bull). Think for yourselves.
There’s still 29 days to go. Anything can happen. Besides, who is Egon Von Greyerz? Wasn’t he in Ghostbusters?
The DOW closed above 12,850 at month end. Therefore we have a new bull market in stocks and a major buy signal (unless the target price is moved up). Stay tuned for next weeks issue of uncommonwisdomdaily starring Larry Edelson to find out how you can make it all back plus more.
King Ralph’s latest post shows that he is not a subscriber to RWR but just hangs out here for free. Also, a flash alert is nice but if DCS had read his last RWR closely he would know where we are and I am sure he will get a flash alert when circumstances warrant it. Read RWR carefully, be on the lookout for flash alerts and that is it. Reading these articles and comments can be interesting but they are really just background clutter.
If you subscribe to Larry’s reports you get Larry’s expertise. If you hang out for free on this site you will probably end up with what you paid for.
I would think that if Larry wants to turn readers of his uncommonwisdomdaily entries into paying customers that he would provide useful actionable advice. He states in this blog that if the DOW closed last month at 12850 or above a new bull market has begun. Is it a new bull market or a market of bull? We are waiting in anticipation. So let it be written so let it be done.
FS you are long winded
Larry Edelson,
I am a subcriber to your RWR. I am surprised you do not have a FLASH ALERT in times like this. It can be understood that predictions and models that one followes can be wrong, however, when you run a fee based subscription you owe to your members some explanation. I think you should refund all amount just because you still do not have a FLASH ALERT to your members. Thats total dis-respect and un-professional act on your part toward your members.
Thanks,
DCS
On which planet are these people living here asking for a flash crash alert ? You pay under $ 100 for the yr. ( as far as I know ) and you except alerts ? Wake up people !! Maybe with his $ 3000 a yr. subscription but not the cheapo .
By the way … Larry will now look good again into April …. all the way down .
Hi John S.
Thanks, I went and looked at RWR and noted carefully DOW targets that Larry mentioned. I was hoping Larry E sent an alert on ZSL and a general note to clarify the market’s crazy strength this morning and afternoon inspite of bad ISM and other mixed data.
Thanks for your positive note,
DCS
DCS:
I know how you feel. It is a scary situation out there and I have the same tendency to want an update – kind of have my hand held if you will. I didn’t pay attention to ZSL since I am not in it. I am in cash having gotten out of gold stocks at a lower price than they are selling for now. I am hoping for the market and gold to head down some so I don’t have to get back in the market with fewer shares. If I keep my emotions out of it and just read what Larry says carefully in RWR, I see why there has not been a flash alert. If I were just just reading these articles and the commentary on the blog I would be in a state of panic.
Good luck. We will get through this in good shape despite what some of the negative commenters have to say here.
As the Ides of March draws near perhaps our oracle (I mean F.S.) can reveal his wisdom in a less obscure way.
Thanks for the admission that your predictions have been off lately. I was beginning to think that your calls could come true even with all the scary crap that has been filling the world markets – driving the gold market higher. You are still my main man on gold and I read (and have read for years) several other gold experts and you are still the most accurate and insightful dude. I am retired and in cash and have been in cash for the last seven years. I need insurance against the demise of the dollar and will wait for your signal as to the right time to get into gold – looking to buy about $3-400,000 then will sit back and wait for Armageddon.
Have food supply – stocking up on ammo – lock and load – ready for the insurrection.
@John S.
I tried, but was blocked. It seems my comments might be too “hot” for some reason. I will have to keep speaking in metaphors or else the comments that get too close to the approaching actuality will be blocked.
You others will simply have to keep trying to decode the metaphors. So far, you’ve done pretty well with a good handful of them, but no one has yet deciphered the entire picture of what is transpiring, despite my many veiled hints.
The Ides begin a period of extreme danger that lasts through month’s end and into early April. While the future is NOT set in cement as some believe, it is MORE LIKELY that the event(s) may occur during this period.
CHINA’S GAS
The media announced yesterday that a new survey revealed that China’s underground gas reserves are larger than those of the U.S., and that there is enough to power that nation for the next 200 years.
hi larry gold and silver markets have never been minipulated by so many institutions maybe charts are a way to get the small guy out so they can continue to control their worlds china wants people to grow america is selling their gold mmmmm what are your china sources saying people have enough only buy gold at 2 exchanges !! us melting old silver coins making new coins selling to us people ! mmmm nobody has come up with a silver tester beside acid guessing ! my point here is scattered but with the debt etc!!!!!!!!!!!!!!!!!! maybe all charts are gone till the little girls decide who is going to run this country in 2013
Some basher posted above how I only come out when the price goes down.
I am now going on record: We will see gold and silver plummet sometime between now and most likely the next few months with the following lows: gold – 1100′s and silver – around 16. Incredible you say? Laughable you say? What is coming will be worse than Lehman. It’s going to be very bad. What is probably the most ironic is that it will decimate people no matter which camp they’re in: the paper assets (stocks bonds) and the metals. I wouldn’t be in anything other than short term T-bills at this point. The amount of risk you’re taking for thinking you’re going to make a little money in the next few months or few years is just not worth it. Good luck even to the bashers.
Question for new subscriber – How do you know metals and stock market will tank? I am curious.
Elliot Waves newsletter finds them predicting a rather sharp drop in the Dow, from its current 12,977 to around 12,550, then a slight bounce up to around 12, 700 and then resuming it’s downward trend. In conjunction with this, they have short term and medium term silver rated bearish. Might be a good time to take a look at zsl at $9.20. Larry’s chances of coming out of this, smelling like a rose, have just increased somewhat.