tag:blogger.com,1999:blog-7179384084412903332.post4790948149976226392..comments2023-07-14T07:39:33.346-07:00Comments on Gold Scents: FOCUS ON WHAT MATTERSToby Connorhttp://www.blogger.com/profile/07774977275885524428noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-7179384084412903332.post-82300664817147990772010-06-19T14:48:43.930-07:002010-06-19T14:48:43.930-07:00Didn't exactly play out that way did it?Didn't exactly play out that way did it?Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-9134794106918494392010-05-26T22:40:57.954-07:002010-05-26T22:40:57.954-07:00Is there going to be a mini crash? I don't kno...Is there going to be a mini crash? I don't know, but so far it is not looking too good. We are due a bounce, but if SPX cannot break the resistance around 1080 this week then we do have weekly and monthly sell signals. And that is not good; then we could easily see a mini crash. Next MAJOR support on SPX is around below 900 and it could easily drop there in a week.<br />And this could easily take gold and especially PM stocks with it?<br />etf-gold-stocks.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-57685907628887395472010-05-26T22:31:31.957-07:002010-05-26T22:31:31.957-07:00One needs to study the history of Gold. Its never ...One needs to study the history of Gold. Its never been worth nothing. Paper notes are only as good as the one who has written them. Could be that we have lost our way in America. Gold should not be counted in dollars but should be held to keep one's wealth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-76103402538483745342010-05-22T05:17:17.187-07:002010-05-22T05:17:17.187-07:00Gold and precious metals are the only asset class ...Gold and precious metals are the only asset class that still remain in long term secular bull markets and have been sine 2001.<br /><br />The governments monetary policy of attempting to print presperity is the fundmental driver of this bull market and I don't see that policy changing anytime soon.<br /><br />As a matter of fact if the stock market continues to deflate I expect monetary policy will will be relaxed even more aggressively.Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-21494928153559395692010-05-21T22:28:27.840-07:002010-05-21T22:28:27.840-07:00Now you have me curious Toby and beforehand I wish...Now you have me curious Toby and beforehand I wish to apologize if I am covering territory which is a well beaten path on this blog.<br /><br />Your reference to easiest path etc. is to 'buy into a secular bull market and ride it to more money'. I am not trying to be obstinant truly, my question.<br /><br />I ask because you referenced it not because I believe in counterclaiming anything.<br /><br />Are you saying there is a bull market going on right now and if so what is that timeframe; starting date at the least if ongoing? <br /><br />Thanks in advance.Pal444https://www.blogger.com/profile/06522601778801190308noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-24867127914662654522010-05-21T19:31:15.191-07:002010-05-21T19:31:15.191-07:00Just in case you haven't noticed yet, no one w...Just in case you haven't noticed yet, no one will ever successfully predict the future over any significant length of time.<br /><br />Most analysts tend to gravitate toward perma-bull or perma-bear positions. Then they beat the drum until the market goes their way.<br /><br />All those newbies looking for the holy grail then erroneously assume this guy knows something that no one else does. <br /><br />In fact it nothing more than a stopped clock telling the right time twice a day.<br /><br />I'm not going to get timing correct any more often than anyone else so I don't try. All I want to do is ride the secular gold bull market until it's finished. To do that I don't need to time the market I just need to have patience.<br /><br />So my suggestion is if you want to make long term cash you can try to bounce back and forth from hot guru to hot guru always chasing the market. Usually that just ends up as a stalemate or losses if one is foolish enough to use leverage.<br /><br />The easy and almost sure fire way to make the big money and more imprtantly keep it is to just buy into a secular bull and hold on.<br /><br />Of course easy is a relative term as one will have to weather stiff draw downs from time to time. But if you can do that you will come out the other end with a mountain of cash.Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-2041626716615440102010-05-21T17:08:29.667-07:002010-05-21T17:08:29.667-07:00Well Toby this is going to be an interesting time ...Well Toby this is going to be an interesting time for predictions. I myself; I am just a poor shlep looking for crystal balls. As many as I can find. I read a variety of opinions and then form my own.<br /><br />I am new to your blog but I see here that you recently, mid April predicted <br /><br />"We are now on the verge of a surge (maybe a huge spike) in inflation." <br /><br />..whereas Prechtor is predicting general widespread deflation first with simultaneous selective inflation [the dollar is being trashed in value] then to be followed eventually by mega inflation.<br /><br />So there is something worth putting in the blog.....what happens over the coming months. Should be interesting. Or is that a huge understatement. I will be watching and learning. Thanks for the blogspace Toby.Pal444https://www.blogger.com/profile/06522601778801190308noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-78104462681455364082010-05-21T16:53:37.402-07:002010-05-21T16:53:37.402-07:00Actually Precther has been predicting a top since ...Actually Precther has been predicting a top since 950 and his long term record has underperformed a simple buy and hold strategy for the S&P.<br /><br />As far as I can tell EW is a great system to predict the past but that's about it.Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-89364148284275636102010-05-21T16:50:11.600-07:002010-05-21T16:50:11.600-07:00Predictions of what is going to happen tomorrow in...Predictions of what is going to happen tomorrow in the market are everywhere and free.<br /><br />Those few who charge for their predictions and are still in business 25+ years later. Priceless.<br /><br />Do throw a spear at me but Prechter has been 100% spot on since I signed up two weeks ago including the curent PM pullback. He predicts silver will go below $15.44 on this down trend, this Elliot wave. So there you go everyone can grade him now if it comes to pass or not over the coming weeks.<br /><br />I just read the last two weeks of SunshineProfits.com predictions. 85% wrong so far and 100% wrong on this downturn BUT if the market reverses and goes to new highs in the next two weeks then everyone can judge them correct.<br /><br />OK put your spears away; just makeing some fun comments to lighten everyone's load.Pal444https://www.blogger.com/profile/06522601778801190308noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-1249382574046714522010-05-21T05:00:02.825-07:002010-05-21T05:00:02.825-07:00TOBY: Could this be the correction you talked abo...TOBY: Could this be the correction you talked about earlier in the year? Then we are headed into the third leg?<br /><br />SHULA: I have read dozens of reports by P. Radomski. They all say "it could go up, it could go down, or it could go sideways". But he says it through endless twists and turns, so of course he's going to "hit the nail". SeriousAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-51732865711982591392010-05-20T20:04:17.831-07:002010-05-20T20:04:17.831-07:00I have been following P. Radomski on precious meta...I have been following P. Radomski on precious metals for about a year and a half and he has been right on every twist and turn in the gold market. This guy knows how to hit it on the nail. Check out www.sunshineprofits.comUnknownhttps://www.blogger.com/profile/02648122075849390194noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-15699526432178927352010-05-20T17:34:54.438-07:002010-05-20T17:34:54.438-07:00Louis and Scott, Bob has predicted a severe drop i...Louis and Scott, Bob has predicted a severe drop in equities, which is starting to come true right now. He did have an opinion about gold in his "EW Principles '85 edition calling for a peak in gold at about 772. That was a qualified opinion, not a technical analysis. In his latest May Theory newsletter, available to subscribers only, he mentions gold saying that it would likely follow the drop in the market, as would most all commodities in a deflationary spiral. If so, the author of this newsletter is incorrect, and gold WILL fall below 1000, I would say to test the 850 level, a complete wave 2 in preparation for a dramatic wave 3.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-76051768226851141102010-05-20T17:27:57.024-07:002010-05-20T17:27:57.024-07:00What Louis said.What Louis said.Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-32141546094922163542010-05-20T16:27:12.541-07:002010-05-20T16:27:12.541-07:00EVERYTHING IS UNDER CONTROL
GO BACK TO WATCHING YO...EVERYTHING IS UNDER CONTROL<br />GO BACK TO WATCHING YOUR TELEVISION<br />(OR CHANTING YES WE CAN)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-90647309753978424952010-05-20T16:04:38.898-07:002010-05-20T16:04:38.898-07:00Scott: "I heard (but haven't seen) that B...Scott: "I heard (but haven't seen) that Bob Prechter is predicting a big decline in Gold - any thoughts on his analysis compared to yours?" <br /><br />LOL - Hasn't Prechter been bearish on gold since $400? I suppose he will be right sooner or later - but he's been dead wrong for most of the bull market...Louis Paquettehttps://www.blogger.com/profile/12973714925927639080noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-58936079543740626982010-05-20T15:10:03.292-07:002010-05-20T15:10:03.292-07:00As long as we're name dropping, predictions ar...As long as we're name dropping, predictions are....nice but if you want to be a winner in the gold market instead of a weiner check out Stewart Thomson at www.gracelandupdates.com<br />He teaches you how to buy weakness and sell (into)strength and has no problem calling gold..."the world's lowest risk investment. Gold has the lowest risk and perhaps the most reward".<br />He writes a weekly article over at www.321gold.com too.<br />Check him out!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-73046400134021778522010-05-20T14:51:25.425-07:002010-05-20T14:51:25.425-07:00I heard (but haven't seen) that Bob Prechter i...I heard (but haven't seen) that Bob Prechter is predicting a big decline in Gold - any thoughts on his analysis compared to yours?Unknownhttps://www.blogger.com/profile/12771655153877906751noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-17652163399201065022010-05-20T14:40:38.111-07:002010-05-20T14:40:38.111-07:00So your analysis is simply based upon price action...So your analysis is simply based upon price action of its 1980 high and you charge for your analysis. Geez I need to start my own blog. It could drop 35% - 50% and still be in a bull market. As a gold bull, this is what I am expecting. It is called a wave 2 pullback in EW.Anonymousnoreply@blogger.com