The Great Humiliator is what Ken Fisher calls the markets. You think it will go one way, and woops..the opposite is what it does.
Will it be any different this time? At the present time, pessimism is ruling the markets but if everyone who thinks it will drop is already out, who is left to sell?
Maybe it is different, and I'm just bouncing a few ideas around here. If everyone looks at the charts, and they all know how to read them, then that's the day when it will no longer work! Perhaps it's time to look at fundamentals rather than the VIX, or SPX or any other chart.
2012 is the year for a presidential election and I'm quite sure that Obama does not want to leave a legacy of broken markets, high jobless numbers, bailouts for the bankers and leaving poor Joe in the cold.
This might be the final year for the market..PERIOD, but I for one don't believe it will be a negative year. With low interest rates, the only decent return you can try to get is in the market or bonds. GIC's don't even keep up with inflation so you're actually getting a negative return on your money. One thing I should mention is that there is NO downside to GIC's, so just by avoiding any slide or correction in the market you can end up ahead. I know that over the years we would have been so much farther ahead just buying GIC's! But that's another topic.
Right now, I think that the markets are going to move back up. SPX could correct to the 1260 range, and a move over 1350 gives a target of 1600.
The TSE is currently neutral, but a move over 12500 gives me a target of 13500, which could be higher depending on what precious metals and the price of oil do.
During the latter part of 2012 it is very likely that more baby boomers will begin to retire and withdraw from their funds and retirement accounts. This will be the beginning of a long slide, but we're not there yet.
One thing I should mention is the price of gold. I see numerous ads to "buy your gold"!, "are you in the gold market"?, now's the time to buy gold! etc. What if..and this is just hypothetical, but what if we are ALL being set up? What if, they're waiting until just about everyone is in the gold market (which hasn't happened yet) and then they tank it hard, and I mean hard.
That will be the final nail in the coffin for Joe, and every other working class citizen because by then, the Fed will own all the banks, all the industry, all the real estate, all the homes and then they'll get your gold.
At least they can't get our souls?? or can they? ;))
Good luck trading because these are difficult times on wallstreet.
Monday, January 30, 2012
Monday, January 16, 2012
San Gold's spin off asset rising
San Gold holds over 20 million shares of SGX resources, acquired at .13 cents. San gold also holds 50% of the Timmins north properties with SXR the other 50%. This was the spin off of San Gold's properties into a separate Timmins exploration company. Seems the market has missed this move in SXR, and I think SGR should move up along with SXR.V? or am I missing something here.
Last trade on SXR is .50!
Last trade on SXR is .50!
Thursday, January 5, 2012
Surprising news today from Wildcat!
Wildcat was drilling for nickel on the Burntwood property in Thompson Nickel Belt and found GOLD! Not a long intercept, but very high grade. 152.5 g/ton over 1 metre. This result was confirmed with a re-assay which graded 145.5 g/t gold and was further supported by the observation of native gold within a smoky-grey quartz vein and along the enveloping wall rock.
Wildcat Exploration Reports Drilling Assay Results from Burntwood Project in Thompson Nickel Belt, Manitoba
Wildcat Exploration Reports Drilling Assay Results from Burntwood Project in Thompson Nickel Belt, Manitoba
Wednesday, January 4, 2012
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