Saturday, May 14, 2011
Thursday, May 12, 2011
Quote of the Day
"When volatility occurs, cash will do two wonderful things for you- It will give you the ability and it will give you the courage to act in down markets...so have some liquidity" RICK RULE
Wednesday, May 11, 2011
A Word on Corrections [By: David Galland, Managing Director; May 10, 2011]
Casey Research
Today I’d like to share a couple of thoughts on the matter of the correction in commodities about which we have been so vocally warning, and which has now occurred.
After having written in early April about the possible market response to the end of QE2, specifically about it knocking the legs out from under the overbought precious metals and other commodities, the metals continued higher, causing some readers to express concern that we had led them astray. And any number of analysts opined that the market had already priced in the end of QE2 and thus, even after Bernanke's press conference, had decided it was go, go, go for higher commodity prices.
Read more @ ORIGINAL SOURCE
Tuesday, May 10, 2011
Quote of the week
"As they say, to catch a criminal, you have to think like a criminal" JS Kim Chief Investment Strategist for SmartKnowledgeU
If you were a banker holding huge short positions in silver that expire in May and July, what would you do? Annual banker attack against silver?
If you were a banker holding huge short positions in silver that expire in May and July, what would you do? Annual banker attack against silver?
Monday, May 9, 2011
Sunday, May 8, 2011
Bob Farrell's [legendary Wall Street veteran] Market Rules to Remember
1. Markets tend to return to the mean over time
2. Excesses in one direction will lead to an opposite excess in the other direction
3. There are no new eras -- excesses are never permanent
4. Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways
5. The public buys the most at the top and the least at the bottom
6. Fear and greed are stronger than long-term resolve
7. Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names
8. Bear markets have three stages -- sharp down, reflexive rebound and a drawn-out fundamental downtrend
9. When all the experts and forecasts agree -- something else is going to happen
10. Bull markets are more fun than bear markets
Silver’s Destiny with 200 [By CHRIS PUPLAVA 6 May 2011]
It’s not every day that you get to witness a four standard deviation event. Last week was one of them. If a stock moves 4 standard deviations above or below its mean you know that there is a 99.994% chance that it should reverse. Last Thursday our silver technical indicator flashed a warning that we were 3.97 standard deviations (just a hair shy of four) from historical averages, slightly higher than the last peak 5 years ago. Looking at prior parabolic moves in silver, what most likely lies ahead is silver’s destiny with its 200 day moving average (200d MA) which currently rests at $28.79 an ounce.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
QUOTE OF THE WEEK
"a seasoned investor NEVER sells his bull market position during a correction. He knows that he can never make as much money trading as he can make WAITING." Franklin Sanders, The Moneychanger
Subscribe to:
Posts (Atom)