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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2710)	9/18/2013 6:26:18 PM
From: Goose94	Read Replies (1) \| Respond to of 203362

Gold US$1362 TSX-V 952 up 17 points. Observers of the market are responding to Bernanke's farewell surprise as he says no to tapering quantitative easing. His likely successor Janet Yellen is even more dovish than him. The junior miners ETF (GDX) is up over 10% as precious metals outperform the S&P500 following the post Fed rally. This may be forecasting inflation. With today's major bullish reversal in the precious metals look for gold to break through resistance at $1425 and silver at $24.50. The GDXJ could make a major breakout at $52.50. Watch the TSX Venture index which is a proxy for the really small miners as major accumulation is beginning. Look for a breakout at 975 on that small cap index. The U.S. Government does not want soaring interest rates and a strong dollar. They need to pay down their record $17 trillion debt with cheap dollars. Many cities and states are also on the verge of following Detroit into bankruptcy. They will try their best to promote low interest rates, inflation and expansion. Today may be showing the world that the sectors I have chosen, specifically the junior gold and silver miners may be the best place to be over the next few years. All that was needed is patience, fortitude and ignoring the mass media. The U.S. dollar is hitting new lows following the Indian Rupee, Japanese Yen and Russian Ruble into new lows. Fiat currencies look weak as demand for gold and silver bullion reach new heights in India and China as the governments attempt to curb purchases. The top notch junior miners in safe jurisdictions that are well managed and financed should make great returns.