In the face of a rising U.S. Dollar and a vast majority of either outright bearish or weak-knee bulls, gold has just vaulted up to a new, all-time nominal high.The fact that India has already bought half of the entire amount of gold the IMF is selling is definitely a major plus.
The bears are in big, big trouble.
that crying teddy bear is worth a thousand words
keep the humor rolling
Bill Murphy, Jim Sinclair and Peter Grandich have been among the very few gold authorities who kept their followers long and strong. The day Nadler turns bullish is the day I’m selling everything. I’ve a hunch Bill, Jim and Peter would agree with me.
P.S. Peter, I’m extremely grateful for what you’re doing with your life. God has allowed you to fall in order for you to realize how much through him you can help others. Keep up the great work!
God Bless!
Thanks for your great work Peter – I hope to meet you at the Montreal Show.
Beautiful chart! Also take a look at TMM-V – it is looking great on huge volumes!!
Poor bears!!
I think you need to make it now Bill Murphy 101 Nadler 0 LOL What a *&&^% loser Nadler is. The best opposite indicator money can buy.
But Ed tell me what does that little birdie say?!
It’s time for another Gold market update. Great isn’t it?!
http://www.youtube.com/watch?v=ehmFl1sjkXg
Only because it’s you asking Susan.
The two competitors are courting KMK aggressively. Other parties now also asking to dance. Get the champagne chilled.
Ed, you are not being completely fair to Nadler. He is not alone as a good contrarian indicator to gold price movements. How could you forget about Dennis Gartman? He is always wrong about the gold market and charges big bucks from his (poor) clients! Go figure! Rgds, Antonio
How cute ed and susan how romantic when is the big day got my tuxs ready.
Breaking News!!!!!!!!!!!!!!!!!!!!!!!
CNBC-TV just released video of Jon Nadler reaction when told gold hit $1.080 http://www.youtube.com/watch?v=qS7nqwGt4-I&feature=PlayList&p=A7A7E5B00F312921&index=0&playnext=1
Hilarious Vincent.
Can someone tell me why Timmins Gold (TTM-TSX-V) is not on Peter’s model portfolio since he is so bullish? Are there other recommended stocks not in the model portfolio?
Thanks
Peter doesn’t put Grandich Publications clients in his model portfolio.
Thanks Jojo: I expected that was the case. I believe that EVG is a client, but Peter may have not known that when it was added to the portfolio.
I trust Peter enough that I would like to see stocks such as TTM if they are the best of the best. I don’t feel comfortable buying such stocks since they aren’t in the model portfolio because Peter isn’t going to recommend when to sell.
What do others do?
Paul im new to investing but i figured id tel u my strategy any how. I basically take peter’s picks as well as my HRA subscription picks and see where they over lap. in my opinion when both of these minds are on the same track the company is doing something right as well as i will usually get an entry and exit point from at least one of them. There is one exception how ever and that is when peter is going nuts on a stock….for example KMK which has turned into my largest holding. Unfortunately i too have missed out on TTM but im hoping my day will come with EAS, EVG and KMK. (i already sold NSU at a good profit)
hope that helps
What’s gold gonna be at market close.. any predictions people!?!
EVG is not a client. Please visit http://grandich.agoracom.com/grandich-companies/ While Peter doesn’t issue buy and sells on client companies, history will show he does note when price is too high or the company no loner warrants his working relationship. I think it’s also fair to say he will note when the company is not living up to expectations as well. Several clients has terminated Peter because they didn’t like what he said about them.
It’s funny, I was reading Nadler’s piece just before the breakout.. he was discussing EW analysis.. and although he poo-poo-ed it, he did say 1063.40 was important and if the price broke above it was onward and upward. Thing is, he favored it not breaking,and heading to 1034.. you could tell he wanted it down rather than up.
Two of the biggest idiots in the same room http://www.youtube.com/watch?v=KnftNNaV76o
I posted it 12 hours ago… watch the video and join in!
Speaking of MACD and gold price, does anyone else see the change from Aug to Sept, Sept to Oct, and Oct to Nov as bit spooky? If so tonight, or maybe tomorrow, or Friday at the latest is going to be a good night.
http://www.youtube.com/watch?v=zvt3chGuU8I&feature=related
Three words you’ll never hear from Nadler – I was wrong.
Jair- wrong viseo posted??
correction- video
srry Jair i guess it was u that predicted this the other day.
Some interesting stats supporting Pete’s opinion of the CNBC so called “recovery”.
FORTUNE 500 COMPANIES WITH LAY OFF’S OF 4,000 OR MORE
Boeing – 11,208
Sun Micro Systems – 6,000
Verizon – 8,308
Eli Lilly & Co – 5,500
Dow Chemical – 7,500
United Technologies – 13,290
Textron – 5,965
GM – 75,658
HP – 6,400
American Express – 4,000
Microsoft – 10,000
IBM – 7,800
Caterpillar – 23,378
US Steel – 6,705
JP Morgan Chase – 14,000
Good Year – 5,000
Eastman Kodak – 4,500
Starbucks – 6,700
Home Depot – 7,000
Phizer – 19,800
Sprint Nextel
Intel – 5000
Hertz Global Holdings – 4,000
Motorola – 4,000
Alcoa – 13,500
Bank of America – 35,000
At&T -12,000
Citigroup – 52,000
For a complete list of the Fortune 500 layoffs see:
http://www.forbes.com/2008/11/17/layoff-tracker-unemployment-lead-cx_kk_1118tracker.html
Total Real Unemployment in USA as of August 2009 is 16.8% of the civilian population or 39.66 MILLION PEOPLE. (Seeking Alpha) SEE:
http://seekingalpha.com/article/160070-on-the-margin-total-unemployment-for-august-2009
The term “Jobless Recovery” is a perfect oxymoron.
The folks that coined the phrase are just plain morons
I messed up on Timmins after watching the stock for a couple months and getting asking Peter a question about the stock on Friday I missed a great buying opportunity at $0.73. I was waiting on the numbers comingout this week but the RB of India usurped that.
Jim,
thanks for watching. The words are “I’ve got a feeling, that tonight’s gunna be a good night” – do you agree after the new high?
Ryan M,
I was looking at the transfer from one month to the next month for the gold price movements (Aug to Nov) and seeing a spooky pattern in how consistent it was. I’m only joining in on the bandwagon of everyone else calling for higher gold but looking at that pattern of stepping up to new highs it looked ready to blow. I’ve got nothing compared to the knowledge of a lot of other posters here.