As noted over the weekend, option expiration in the gold market led to weakness. What a surprise-lol! While risk remains to $1,015 – $1,025, and even as low as either side of $1,000 if the U.S. Dollar can get above 78 on the U.S. Dollar Index, don’t lose sight of the bigger technical picture. Richard Russell of The Dow Theory Newsletter has correctly noted how gold has once again broken out from a bullish triangle formation. We remain in a secular bull market that’s been stealth-like and dominated in the news by bears (who have been wrong over and over again) and weak-kneed bulls who missed the latest up move and desperately need a bigger pullback to get back in so not to lose face.
Maybe things have moved faster than the vision … 2025 and 2095?
http://www.youtube.com/watch?v=_6g8uW2txEg&feature=related
the prophet
What’s Playing In Your Heart? – Powerful,pure and drives the point home.Very much as does “I Can Only Imagine” posted previous. Thank you, Dean
Israel – Just watching CNBC this morning as Bill Gross Pimco’s managing director is a host. The show also interviewed Dan Senor, who just wrote a book about Israel and how well it is doing from a business perspective. It is titled “Start Up Nation.” Thought I would share in case anyone was interested. Author shared for example how everyone serves in the military and after out, businesses hire them and integrate them quickly into the system as their learned leadership qualities are much valued. Also during the recent “melt down” Israel did not suffer as much as other countries due to their entrepreneur spirit (according to the author).
http://www.individual.com/storyrss.php?story=108992133&hash=47aa28e3a48bab2c109ff547d416da53
Great news, Peter – and KMK-V is looking good also.
Concerning Hawthorne Gold, the latest news release Oct.26 stated:
“Hawthorne Gold Corp. (”Hawthorne” or the “Company”) (TSX-V: HGC, US: HWTHF) announces that further to the Company’s news releases of September 24, 2009 and October 6 (the “Offering News Releases”), it has terminated the Brokered Offering of up to 3,710,000 flow-through Common Shares through its Agent, JF Mackie & Company Ltd. The Company is proceeding with the Non-Brokered Offering of up to 6,250,000 Units at $0.40 per Unit, and expects to close the Non-Brokered Offering on or before November 6, 2009″
Is the market’s price on HGC-V a reaction to this news or to the lower price of gold. What effect can this news have on it’s share price??
Thanks for you great work. Robert C
Thanks Susan.
Want to read that book. Am interested in hearing in how people in the US can invest in Israel.
Natural Gas correction, UNG unleverage etf. is half way between last 2 month high of $12.. and its alltime low of $9..
Is at $10.50
Both oil and gas are moving in same direction down. What factors are you looking for to go long on Natural Gas. Has hot money left?
What do you think of buying the VXX?