Sunday, April 8, 2012

SPAIN!!!

Storm clouds over Madrid
GOTYA.....You thought we would focus on the faux job report from last week. I guess that will be the excuse if Monday is a down day, but not in my book. The real reason we are going to see gold come back into play will be Spain. It's the next boogeyman and believe me there are a lot of boogeymen out there. The breakdown in debt in Spain certainly is drawing some attention in our media and this means it will be next up on the firing line. FEAR! There...that's the spirit. Let's get some volatility going so our Wall Street brethren can stoke some payola in the pits. I feel like the NY Times article this weekend should get the embers of fear going. Singling out Spain and Italy for the next choke point is all timed for Gold's next move up

Spain is moving most quickly out of the eye of the storm. With unemployment near 23 percent, and youth unemployment at 50 percent, the government of Prime Minister Mariano Rajoy faces challenges after he introduced sharp budget cuts. The country is facing its second deep recession in three years.
At the same time, banks are not lending much into the broader economy.
“Banks are lending to their governments, but not apparently to businesses,” Credit Suisse said in a note. Spanish banks are already holding loads of troubled mortgages after the nation’s housing boom went bust.
Laurent Fransolet, head of European fixed-income strategy at Barclays Capital, said investor sentiment had become more fragile and could deteriorate quickly. Markets are shedding the optimism of the last couple of months, and the mood is moving back toward pessimism, he said. NY Times....
So do not claim surprise as the next crisis arises out of  " Nowhere" to hit the "recovery" with more "headwinds".  Ahh yes..... the dreaded "headwinds".  I like that description. Its so innocuous sounding. The peeps can understand terminology like "headwinds".  After all who hasn't overcome "headwinds" in their lives.  Another trillion coming right up......don't worry. gl


16 comments:

  1. AAPL is struggling to stay green. Perhaps more selloff later today.

    Interesting to see some of the miners up, as well as your comment on HL.

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  2. wonder if HL will bring the right shoulder onto the bottom green support.....

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  3. How long does it take for a chart going back that long to play out? Guess we'll see but not sure whether this could take several more yrs.

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  4. move up could start any time or may take up to a year to play out

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  5. notice for symmetry the move UP to form the right shoulder should begin playing out within the next 3-6 mo......and the move to the breakout is huge

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  6. we should get more consolidation for months before the breakout really starts to roll .....target on it is over 20

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  7. This is what I read today: http://finance.yahoo.com/news/silver-continue-underperform-122000100.html Thanks, kli. It says Years, lol.

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  8. I refer to HL sister......as far as all miners and PMs then any trigger can start those charts rolling up from these oversold levels

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  9. Now that I am an "investor" in miners I have a new serenity that has occurred with my daily frenetic trading activity...hehhehehehhee....drip drip drip goes the bleeding.......and that IS the game right here.....bleed out the last longs

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  10. they will make sure that when they do bring these dogs up you will puke your shares up at the first sign of profit.......hehehhehheheeh......thats da game

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  11. every retail trader out there will dump half there HL shares at 6

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  12. Thanks for the details, you are so right. Saw some of that eod. But some buying in the gold miners too.

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  13. "they will make sure that when they do bring these dogs up you will puke your shares up at the first sign of profit.......hehehhehheheeh......thats da game"

    as an "investor" of EGO, PAAS and GPL, i want to puke now. haha

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  14. rude...hehehe.....that's the idea my good man.....hate em....hate em so bad you never want to see another miner share.....meanwhile the boyz are accumulating very quietly and its a blue light special in their favorite aisle

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  15. it is sooo fachin obvious.....

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  16. ince 1985 college tuition has increased nationally by 498% compared with 115% for prices overall. Education has become a bubble.

    Why Did 17 Million Students Go to College?
    October 20, 2010, 9:53 am

    By Richard Vedder
    Two sets of information were presented to me in the last 24 hours that have dramatically reinforced my feeling that diminishing returns have set in to investments in higher education, with increasing evidence suggesting that we are in one respect “overinvesting” in the field. First, following up on information provided by former student Douglas Himes at the Bureau of Labor Statistics (BLS), my sidekick Chris Matgouranis showed me the table reproduced below (And for more see this).

    Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree.

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