S&P to form a top at the end of december or early january?

Discussion in 'Stocks & Derivatives' started by dickmojo, Dec 13, 2010.

  1. dickmojo

    dickmojo Member

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  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Hmn..interesting He's also predicting a sub-$1000 gold price too!
     
  3. Slam

    Slam Active Member Silver Stacker

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    His analysis is only on the paper and the paper manipulated price.

    I have been following the news on KingWorldNews, zerohedge and Sgtbull07 channel. It seems supply is getting more scarce in the physical market. This is only going to get worse, drutter on paltalk are also talking about supply issues at dealers in Vancouver.

    The guy in the video also talks about the possibility of interest rate rises, I'm not sure that will happen in the near future. Because it will be suicide on the US government, they could simply default on their debt if that happens. The Fed knows that interest rates must be held low, otherwise the whole thing will crash and you would have a sovereign debt default.

    Either way, I'll see how it plays out. Tech analysis is good, but tech analysis does not take into peoples mindset shift and fundamentals of money. The lost in confidence of the currency cannot be tech-ed up before hand on a graph. More and more people are realising sound money and moving in (TA goes out the window in this scenario).

    Slam
     
  4. dickmojo

    dickmojo Member

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    I honestly hope there is a correction in PM's coming up soon. I really want to increase my silver exposure but I'm at loathe to do so at ~$30/oz prices
     
  5. Austacker

    Austacker Active Member

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    You will be even more loathed to do it at $40oz I had the same feeling for the last purchase but at $28 it doesn't seem so bad now :)
     
  6. boneyard

    boneyard Well-Known Member Silver Stacker

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    We are heading into uncharted waters.

    Steady as she blows & watch out for pirates.
     

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