Posted on 08/09/2011 1:23:01 PM PDT by ilovesarah2012
In other words, we are a ship without a captain and are just drifting along waiting to see what we hit.
Well, we could loan it to the US for next to nothing or we could loan it to these same corporations at ridiculously low interest rates. Or, we could stay as owners and perhaps get some upside income potential.
I read that Jim Rogers is out of gold....supposedly Soros as well.
Most of the volume on the NYSE isn’t initiated by human decision.
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I guess those wacky computers programmed themselves?
As someone said, when you see a machine oscillating like this it is time to step away because it is about to self-destruct.
The computer trades make it go mad. They kick in and run with the throttles to the firewall or the brakes on the same. The people traders feed on the action and the whole system goes into distorting destructive harmonic until it finally blows up and someone steps in with something to calm it or hit the reset button.
Wild.
I can say with absolute confidence that there is no gold bubble at this time, because I haven’t bought in yet. The day I do buy into gold, the bubble will be confirmed, and will most likely burst only moments after I take a large position.
People can make a lot of money contrarion investing using me as the benchmark.
Gold is higher than it has ever been, even adjusted for inflation.
The last time it was near this high was in the early 80’s when it was $1550 in today’s dollars (~$800 then).
Fed statement to keep interest rates near zero for at least two more years. (translation - We will print money as needed.)
“Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years.”
Or until we experience a total collapse which they have no idea how to avoid.
Was the big volume on July 22 from the Euro mess? I can’t remember, there have been so many events this summer.
Was the big volume on July 22 from the Euro mess? I can’t remember, there have been so many events this summer.
Looks like somebody knew something then about something because the trend has been down ever since.
Awesome!
Actually with HFT most of the market volume in the last year or more was only the 5 money center banks in NY.
Jim Rogers may be out of gold, but he owns enough farmland to feed his family —and the rest of Singapore
Ya, well,they're not getting covered by the endangered species act so they better get with da program and stop rocking da boat.
Never buy gold as an investment, just as a last resort in case of hyperinflation.
You and me both.
I don’t think we had capitulation yesterday. Buying in either direction is very risky. Today volume in NYSE was over 8.55 Billion shares. The last 20 minutes was remarkable. Its a big boys club, you and I are not in it.
So w/o QE3, we get deflation. That correct?
Some of the neural net systems out there now do.
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