I am the biggest FAN of this guy! maybe because I am also a technical analsyst but hear what he has to say
Friday, November 6, 2009
Gold and Market
Well according to my work sometime next week should be a high. It has been very difficult the last two weeks in the market to pinpoint the cycles as we have had earnings and the FED meeting which has distorted the analysis but it should still be in the trend never the less.
Gold just running on nitro here and been talking about gold along time and it should have made it new adjusted high. This weekend I will try to see where the think will pause but we have to get cautious on Gold when the dollar start to make a rebound on it oversold stand. Also after this earnings season I will be doing my regular longer term analysis of where I see stuff in the next 3-6 months if I can.
Have a great weekend-
Gold just running on nitro here and been talking about gold along time and it should have made it new adjusted high. This weekend I will try to see where the think will pause but we have to get cautious on Gold when the dollar start to make a rebound on it oversold stand. Also after this earnings season I will be doing my regular longer term analysis of where I see stuff in the next 3-6 months if I can.
Have a great weekend-
Unemployment rate
Unemployment rate is now over 10% again I thought the recession is over!! No folks that 10% I am telling you is so underestimated that I think that figure is more like 20%, Yes 20%. I said it many times U.S. unemployment will mirror those of the Europeans and there is nothing that can be done.
We will be looking at double digit unemployment for a long time and the government will have no choice but to implement just like the Europeans lengthy unemployment benefits. Why do you think the FED said they wont raise rates for now, they see the problems but the biggest problems is that the wheel of the economy is the banks and they are hoarding funds instead of leading it.
The FED should start it own consumer division and lend to small companies and individuals because the banks are hellbound on sending this economy in a deep end in the name of capitalism. Call it what you will but I want more over sight because it is the detriment of the economy if we don't.
Think about it one second we the consumer are paying up to 30% interest rates that the banks got at zero%, is that fair. We should stop the madness of these banks NOW !!!!!!!!
P.S. I can't believe banks were getting H1N1 vaccines when we have suffering people waiting in lines for shot, what the hell is happening to our humanity
We will be looking at double digit unemployment for a long time and the government will have no choice but to implement just like the Europeans lengthy unemployment benefits. Why do you think the FED said they wont raise rates for now, they see the problems but the biggest problems is that the wheel of the economy is the banks and they are hoarding funds instead of leading it.
The FED should start it own consumer division and lend to small companies and individuals because the banks are hellbound on sending this economy in a deep end in the name of capitalism. Call it what you will but I want more over sight because it is the detriment of the economy if we don't.
Think about it one second we the consumer are paying up to 30% interest rates that the banks got at zero%, is that fair. We should stop the madness of these banks NOW !!!!!!!!
P.S. I can't believe banks were getting H1N1 vaccines when we have suffering people waiting in lines for shot, what the hell is happening to our humanity
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