Saturday, June 30, 2012

Gold heading for violent turndown says CNBC

Gold headed to $700?  That would probably take silver down another 50% also around the $13 mark.  Looks like this sector is going to be taken down.  I find it unusual that the pumpers like to say gold and silver are in a bull market when the obvious chart is that of a perfect short play and continual lower price interest.  Watch: GLD, IAU, SLV, AGQ, GLL, ZSL, PHYS, PSLV, and of course the mining shares. 

In the meantime you won't find any decent stock advice these days nor is there any useful information from any sources as the markets are nearly impossible to assess under the current high frequency trading algorithms and other insider trading.   

Friday was a unique stock market rally that looks like the DJIA is heading toward 13,000.  Now it looks like CNBC wants a sell off?  They are usually quiet bullish on the equities?  Truth is this is no longer a growth economy with an investment mindset.  It's a complicated casino gambling platform and the house has the advantage.


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