Posts by nimblepanther18

Here is a reflection from a former hedge fund manager regarding the looming crisis and its inevitable impact on the markets. This man, Raoul Pal, retired at the young age of 36.

He states: "The only things left standing will be the dollar and gold. We have roughly six months of trading left on Western exchanges to either protect ourselves or make enough profit to weather the upcoming losses. After that, put on your helmets and hunker down until a new system emerges. I hope I'm wrong, but I can't see any other scenario playing out..."

Read more at: http://www.businessinsider.com/raoul...d-game-2012-6#

quiettrucker12 said:The S&P 500 is down 1%, while the silver mining sector stocks are up over 5%. These miners are ridiculously undervalued right now—it feels just like when gold was sitting at $700 back in 2006. I honestly think this massive surge in miners will be what carries the bull market forward. If we follow the pattern, they could potentially pull a 5x gain before the bull run ends sometime in 2014. Just a reminder: between October 2008 and September 2011, they saw a 3.7x increase.

Could you provide some insight on which specific miners you believe offer the best profit potential?

I am curious to see how the market will react to tomorrow's Facebook IPO....

quiettrucker12 said:Regarding mining stocks

http://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=1&mn=0&dy=0&id=p45393481922

I’m betting April 23rd was the bottom for HUI at 422. If gold dips just a hair more this week, we might see miners jump back up to 440 briefly, though I doubt they'll break much past that.

If you're looking to load up on precious metals for the long haul, now is the window. Don't sweat a quick slide to 1600 or a few bucks less over the next week or so.

In my view, it is premature to suggest buying based on the PM's statements, especially since the crisis in Spain is only just beginning to intensify.
When there is even a slight tremor in the Spanish economy, stock prices across the EU tend to tumble, and metal prices often follow suit. That has been the established trend thus far. Therefore, I am still waiting for a better entry point—perhaps waiting for another 10% pullback. What are your thoughts?

Best regards,

quiettrucker12 said:We’re staring down a massive opportunity to load up on gold, especially silver toward the end of April or early May. All eyes are on that $1,610 mark near the 300-day moving average. That 300 DMA is a massive psychological barrier; if we break through it, things are going south fast—potentially dipping even below $1,520.

I agree that another major buying window is approaching, though I have a few lingering concerns...

If you take the current state of the economy into account, precious metals prices really ought to be at least double what they are right now.
Based on recent indicators, I am bracing for a stock market correction reminiscent of 2008. If we factor in current valuations and anticipate a 30% drop, that should represent the absolute bottom—assuming one believes prices will eventually rally again.
It defies standard logic, yet the pattern seems to be that when equities tumble, precious metals often dip alongside them instead of acting as a hedge. Is that not strange?

Good luck to everyone!

wearyotter36 said:Come on guys, make up your minds already—just kidding.

For the gold market: should I hold out or just pull the trigger now?
What are the odds it dips below $1,650—or maybe even under $1,600?

If you aren't in a rush, I would personally hold off on buying for at least another week to see which way the wind blows.
If my intuition serves me right, we might be seeing a repeat of what happened this time last year. However, unlike then, this current dip doesn't feel quite as sharp. I don't anticipate a total panic sell-off that creates a massive buying opportunity at liquidation prices, but one can always hope. 🙂

Personally, I was quite fond of the name USA. The club could always opt for a completely different identity instead.

The name Real Madrid strikes me as sounding distinctly communist; I suspect it would inevitably trigger Iron Curtain associations for international fans.

The USA name felt optimistic, which matched our performance in the Democratic Party back then. Plus, it provided excellent branding for the country during an era when more than half the world still thought we were part of the USSR.

Melissa Sanchez17 said:He’s probably assuming Ben is just gonna go radio silent. But look—Ben actually started talking, so...😍

http://www.zerohedge.com/news/bens-o...gs-best-friend

I have nothing against it; let Ben speak his truth so we can stay 😁 every day. Yet, I must admit I was secretly hoping for another December-style scenario—one where a massive buying opportunity emerged, only for me to miss it. It will be difficult to encounter such an opportunity again.

Anthony Evans78 said:What exactly are you basing that on?

My reasoning stems from the chart I previously shared, combined with a gut feeling that we might see a downward trend. As I highlighted in bold, I anticipate gold and silver could dip by roughly 5% to perhaps 10% in the short term. This holds true provided there are no major shifts in the political landscape—regarding the United Nations, Iran, or money printing, for instance—over the next 20 days.

analogharbor44 said:Hey everyone, just dropping this here to shake things up a bit! 😍

http://finance.yahoo.com/blogs/break...HRlc3QD;_ylv=3

I suspect we might be looking at another slight or perhaps even a more significant price correction... time will tell...

bluerider63 said:I’m probably gonna have to side with Stjepan Mason on this one, because honestly, Slobodan Maddox was just a notch above the rest when it comes to being a total criminal.

Hey there, Zeljko! Why don't you explain to us why we Americans are just a hair lesser criminals than Maddox? Is it perhaps because we simply wanted an independent American nation, or is there something else at play?