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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (140889)10/9/2010 10:41:10 AM
From: Bearcatbob1 Recommendation  Read Replies (1) | Respond to of 206151
 
Ed,

I spent some time with P&F charts on stockcharts.com. Specifically I looked at the target prices for my shares. In the past week many have changed from down targets to significant up targets. Additionally the 50dma has crossed the 200dma for the DJI.

Don Coxe this week basically said the world is moving up - with or without the US. Hence many stocks can prosper.

My conclusion is that this market is going up. Only a geopolitical event imo can screw this up near term. A bad election result in November could also be a problem. The budget deficit commission report and the reaction to it will also be of import.

Basically the FED has said it is going for inflation. In inflation "stuff" holds value. Corporations in effect are "stuff".

Bob



To: Ed Ajootian who wrote (140889)10/9/2010 4:36:27 PM
From: Archie Meeties  Respond to of 206151
 
Good question, and one I've forgot to think of this year as I've been covering some badly played short positions (FCX!) of late.

Regarding cap gains taxes, current intrade on the matter has a 75% chance of the taxes expiring on schedule.

intrade.com
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