Posted on 12/12/2011 4:41:39 AM PST by SeekAndFind
But, but, but....
“Kerry Lutz and David Banister—Gold and Silver are Screaming Buys!z”
http://www.freerepublic.com/focus/f-bloggers/2816305/posts
Kerry Nutz said so!!!!!!!!!!
Whoever he or she is!!!!!
Doubters can check this recent annotated calender for 2011 with particular attention to the last four expiration dates in a row:
“They” are jumping the gun a little here for the monthly Comex Option Expiration scam-slam, which this month isn’t until December 15 (3rd Friday of every month).
Doubters can check this recent annotated calender for 2011 with particular attention to the last four expiration dates in a row:
http://jessescrossroadscafe.blogspot.com/2011/12/gold-daily-and-silver-weekly-charts_06.html
That is what I have concluded also, and I believe it will continue for 6 to 18 months. The total failure of the Greek credit system will end the fall and I think we will see gold jump.
In today’s world of currency, money flows to the currency that sucks the least. This week, that’s us.
Folks are bailing out of the Euro, and they are coming here.
Since the value of the dollar is rising, relative to everyone else, the value of commodities will fall because they are priced in dollars.
Wait until the heavy stuff hits the fan over there.
I think this is a buying opportunity, but I am maxed out right now. The steep decline hurts for a little bit, but overall I feel pretty comfortable.
I did a similar calculation earlier this year, using a 10 year chart on a log scale. It’s a consistent slope of 15 percent annual gain, and puts the current price at about $1500. I should rerun it.
I’d be interested in seeing your results.
I did it again a few days later on the ten year chart and the results were similar. It was quick and dirty.
As a general rule I am not a chartist and have compared technical analysis to reading sheep entrails. Since the curve is long and the trend well established for years I don’t feel too bad extrapolating for a few months.
The view through other eyes would be interesting. Ping me if you post it
The Hoffman's, Dakota Fred, and Parker the wonder boy just dumped their enormous halls from this season on the market? ;-) hehehe
and by halls I mean hauls .....
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