HALT! False Alarm.
Just another PREMATURE BUGULATION.
No one throws a party like the perma'bugs…
Cheerleaders, pom-poms, party favors and rally hats for all.
Have you ever seen the goldbugs so giddy?
Here's a sampling of recent headlines from Kitco, 321 Gold and
Gold-Eagle leading up into this Premature Bugulation Smackdown.
Breakout !!!
Gold Preparing to Take Off - Again!
Buy More Gold and Silver at Artificially Low Prices
Gold - It's a Bull Market Stupid
Silver Sparkles
The End of Gold's Bull Market, Not!
Selling Juniors? You Must Be Kidding!
Relax! We're Still in a Gold Bull Market
Gold Stocks Enter the Buy Zone
Time to Get in - Now!
Do You See, What I See? (A Bottom)
Gold - Close to Break Out!
Gold Primed for November Rally
Grandich Letter Special Alert: GOLD - Ready to Shine Again
Gold On A Tear
THIS IS IT - to your stations...
Renewed Rise Has Begun
Short term bear over - gold detaching...
Re-Birth of a Bull?
Precious Metals: Up, Up & Away
Hmmm? What's a God-fearing, card-carrying gold bug to
do? Who wouldn't get caught up in all the hooplah?
Both your email and mail boxes get crammed full of alerts,
blasts and come-ons promising the breakout of gold and gold stocks
to new highs on a daily basis.
Headlines make promises of everything from magnets pulling Gold
to $1678, to the re-pricing of Gold in 1980 dollars
taking it to an inflation adjusted level of $2158 and every mechanism
from the ever-imminent collapse of the Dollar, to the new Chinese ETF,
or the Oil:Gold ratio, or Russian and Chinese Central Bank
buying -- taking Gold ever skyward.
But, yet you can't seem to stop getting thrown off the
commodity bull? Every time you get back on -- it's either
a whip-saw shakeout, or an all too quick rollercoaster
ride to no-where.
Oh, and this one looked AND felt like the real thing, now didn't it?
Yes, it did.
And to rub salt in your wounds, the DOW, the S&P and the NASDAQ
are all rallying to new highs. The talking heads on CNBC getting all giddy
once again. But, yet we still have out of control deficits, wanton spending, the
risk of WW III breaking out in the Middle East and regardless of what the CPI
and PPI have to say – there’s inflation at every corner! And then there's still the
collapse of the housing bubble yet to unfold and ever present threat of a global
derivatives meltdown. Yet, the broad market roars on to new all-time highs?
So why in the #@%& isn't GOLD breaking out to new highs!?!?
What's a bug to do?
How do you know when to jump back on the commodity bull?
How do you know if this rally, is really the rally for Gold?
How do you tell a premature bugulation from the real thing?
It's not easy, is it?
No, it isn't.
I mean how do you sort thru it all?
There's the technical’s... all those damn charts. There's the fundamentals...
those are easier to understand. But, gold doesn't seem to ever trade on just
the fundamentals? If it did...it wouldn't of had it's first correction yet!
So what are you missing?
How did all of these charts not endorse a sustainable breakout rally for gold?
After all – gold broke out against all currencies, even the
commodity currencies of South Africa, Australia and Canada. It
broke out against other commodities – against Oil and against
the CRB Index itself. It even broke out against the DOW -- as
the DOW set new all time highs!
So why did those charts all fail?
What was missing?
What piece of the puzzle are you not seeing?
How did the breakout signals generated by all of those charts, along with
all of those breakout calls on Kitco, 321 Gold, Gold-Eagle and from all the
gold stock newsletter writers turn into this…
……………………….Premature Bugulation – SMACKDOWN
That my friends – will be the subject of this Sunday Night’s Smackdown.
I'm going to give you the answer… the missing piece of the puzzle and I'll ask for nothing in return.
--- you don’t have to be a professional trader to use it, or understand it.
--- it has nothing to do with technical analysis.
--- it’s not complex.
--- everyone will be able to comprehend and understand it.
--- it’s actually, very simple.
--- and there’s a very successful group of people that use it all the time.
The best of them, make millions of dollars per year because they do this
better than their peers.
It’s what separates those making $40 to $60,000 per year, from those making
$3 to $10 Million Dollars per year.
And I will share the incredibly simple answer with all of you, this Sunday Night.
SliderOnTheBlack
PS:
… there is a problem with “the Chart.”
Top Traders are “primadona’s.” That may, or may not come as a shock to you.
My friend thought I was “mocking” him when I signed his post – “Mr. X”..
even though he did not want me to use his name. I lost a friendly “wager” with
him and in winning, he got to “smack” me down on my thread. He thought it was
going to be a hoot.
I had been encouraging him to join SI and start his own thread, or to at least start
a blog. We had even talked about doing a newsletter a year, or so ago.
Well after getting his @$$ handed to him and after reading the blather on this thread
… he’s decided that SI and the threadsters here are not his
cup of tea and he’s asked me to not post his HUI, or GOLD charts.
Since we are friends in real life I must honor that request.
Maybe after his pride recovers…or, if Gold & the HUI suddenly reverse and save his
here-to-fore yet untarnished rep… he’ll reconsider.
So, for that, I apologize…. there will be no HUI chart from -- “Mr. X” |
