Wednesday, October 6, 2010

$1349

Gold just barely touched the target $1350. I will take it as a hit though

Interesting video

Tuesday, October 5, 2010

Gold

Will be shorting Gold in a few just watching the chart carefully

BAC

Today's news BAC announced they will no longer we offering loans through third party brokers. I think this is another sign that housing will be stuck in the mud for awhile. More foreclosures, more layoffs, nothing in the near future to help housing not even a $15000 tax break would do much.

Gold

Next stop looks like $1350

Friday, October 1, 2010

Really NOW!

All on tv is talk about best September in years. Lets look at this! the DOW started the year @ 10583 and now we are @10820 have we really gone anywhere??????????? That's just 2% higher. Really the media needs to stop feeding the regular guy CRAP. I am here to tell you GS is buying up the world in short positions through the SPY as they are telling their biggest clients that they are forecasting the S&P to end 2011 around 725!!!!!!