Oct 15, 2013 6:30AM
As predicted the market has been going up on low vlume and on the hope of some kind of settlement
between Republicans and Democrats. TNA, IWM, Russell 2000 and Nasdaq made new highs yesterday. DJIA probably will not make a new high. SPY may or may not make a new high. Gold & Silver are getting ready for a decent rally. Like they say Buy on the rumor and SELL on the news. If we get good news SELL into the rally and if we get the bad news, SELL anyway
Here are the charts as of yesterday:
DJI
SPY
IWM
TNA
GLD Gold ETF
SLV Silver did not make a new low below Jul 1 lows whereas Gold made a new low. It tells us that
Gold prices were manipulated recently whereas Silver should start going up from today's lows.
SLV
GDX Gold Miners ETF Gold touched $1251 overnight in Hongkong and Britain. Because of stupidity
of our leaders who are constantly selling Gold to keep Dollar currency up. In the process Chinese have been loading up Gold every chance they get. In 1969-1970, USA tried to keep Gold at $35 per oz. The result was all the Central banks literally stole Gold from us at $35 per oz. They are stealing from the West Gold below $1300 now. Gold will eventually go to $2000 and higher. China wants to collect 4000 tons of Gold from the West and they are buying it at low prices. When will we learn? After Dollar is no longer a reserve currency?
As predicted the market has been going up on low vlume and on the hope of some kind of settlement
between Republicans and Democrats. TNA, IWM, Russell 2000 and Nasdaq made new highs yesterday. DJIA probably will not make a new high. SPY may or may not make a new high. Gold & Silver are getting ready for a decent rally. Like they say Buy on the rumor and SELL on the news. If we get good news SELL into the rally and if we get the bad news, SELL anyway
Here are the charts as of yesterday:
DJI
GLD Gold ETF
Gold prices were manipulated recently whereas Silver should start going up from today's lows.
SLV
GDX Gold Miners ETF Gold touched $1251 overnight in Hongkong and Britain. Because of stupidity
of our leaders who are constantly selling Gold to keep Dollar currency up. In the process Chinese have been loading up Gold every chance they get. In 1969-1970, USA tried to keep Gold at $35 per oz. The result was all the Central banks literally stole Gold from us at $35 per oz. They are stealing from the West Gold below $1300 now. Gold will eventually go to $2000 and higher. China wants to collect 4000 tons of Gold from the West and they are buying it at low prices. When will we learn? After Dollar is no longer a reserve currency?
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