"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome becom
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
Last week was amazing for both gold and index traders as gold surged higher and the SP500 tested a key resistance then fell 4% in our favor.
With the European sovereign-debt troubles dominating financial news, the euro has taken quite a beating lately.
Last night I came across a site on the web named COSTOFWAR.COM which shows the accumulating costs of the wars in Iraq and Afghanistan.
It's been an exciting couple weeks in the market with gold now making new all time highs as money floods into this shiny safe haven. It has everyone all worked up wanting to take part or they are riding the rally up already.
The events of the last 12 to 18 months have been as shocking as they have been instrumental in reshaping the global financial structures.
Two thirds of all trading on the NYSE is algorithm trading by hedge funds - some, with advance information because of the location of their computers - effectively trading as quasi insiders. Timing is in seconds.
Historically, gold is rare because of the poverty of precious yellow metal in gold mines. Despite all the difficulties, the world gold production managed to grow for centuries; it is multiplied by 4 in 100 years.
As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live. A lot of money changed hands last week and you either lost a bundle or made a bundle…
Gold ended last week very close to new highs against the dollar, which was a remarkable achievement given that the dollar soared and that the stockmarket fell heavily.
"You cannot multiply wealth by dividing it." - Adrian Rogers
WHAT HAPPENED AND WHAT DO I DO NOW?
As gold stocks continue to power higher in their usual spring rally, they are starting to attract investors' attention again. This includes some value investors, a group that is always concerned with valuations.
The first five charts below are courtesy of"br> http://au.finance.yahoo.com/intlindices?e=asia
Markets in the US hit the last line of Fibonacci Retracement levels this past week, and gyrated like a bucking bronco. Where they'll go from here is debatable.
The past couple weeks we have seen sellers control the price of gold. This can be seen on the charts by the light volume drifts up then heavy volume sell selling sending this metal sharply lower.
"Common sense is not so common." - Voltaire
CAPITALISM THE UNKNOWN IDEAL
Let us start off by saying that we do not see the Euro collapsing and being shelved, at least not yet, anyway. No exit process was written into their rules anyway. But it is technically possible, so better to be forewarned.
It's been an interesting week with Spain being downgraded as Europe debt crisis widens. This has investors looking at the US dollar in a new light thinking that maybe it's not that bad of an investment after all.
It seems that gold and the Dow have an agreement regarding the number 10. This number has acted like a "golden ratio" in that things really start to happen before or after the Dow/gold ratio breaches 10, either way.
Last week the market slowly recovered from the recent sell off in stocks and commodities.
Launched 4 years ago this week, the SLV silver ETF has proven very successful.
The need is urgent. The recognition is broad. Supply & Demand of American debt paper demand price adjustment. The USGovt avoids the topic actively.
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U.S. ranks third in world gold production with 240 tons per year
