Good afternoon to you all and hope you’re preparing for a great weekend. Sorry for the delay in posting but we had some big news released today. I’ll blog about it right after this post.
Please find enclosed our next installment of Money, Markets and Life With Grandich and George . We covered some great topics in just 25 minutes including:
- This week’s US Jobs Report. Worse than expected but the Dow goes up?
- India’s massive gold purchase
- Gold $1,100 .. where to from here?
- Answering a ton of questions posted by you earlier today on the blog
Without further adieu, here is this week’s show.
For those of you whose Flash player isn’t up to snuff, here’s the MP3:
DOWNLOAD THE SHOW
For those of you who want to download the show automatically, it has now been approved by Apple and available for download via iTunes. In addition, the show has it’s own podcast section on smallcappodcast.com. The latter also contains an RSS feed for those of you that want to syndicate the show on your site.
Have a great weekend and looking forward to your comments.
Regards,
George
Great show again guys…but terrible sound all
the way through!
Thanks guys. Very much value your show.
so it’s no breakout, no breakdown, just ho hum, hmmm.
@Paul – thanks for the heads up. Just listening for the first time and the cracking on Peter’s end is distracting. He was in a hotel room in Montreal but I’m not sure if that was a factor. Rest assured, we’ll look into this and make sure it doesn’t happen again.
Regards,
George
Once again, guys, your work is appreciated by all of us who are trying to eke out a living! And — the on-line conference idea is a brainstorm of the first order, a groundbreaking innovation that I suspect will be much imitated and, as we’ve heard since childhood, “imitation is the sincerest form of flattery”! Congrats! I know I speak for all of your legion of folllowers in saying that December 3rd and 4th are marked in bold red on our collective calendars. Onward.
@ Roger. Thanks for the great message and, more importantly, very pleased to hear your feedback. We think this is the beginning of an era in which investors are no longer excluded from conferences due to geography, financial resources or work/family commitments. We’re glad to pioneer it.
Thanks and look forward to seeing you on Dec 3/4. Any assistance you can provide in spreading the word would be greatly appreciated.
Regards,
George
KMK $3 (min) please : – )
Peter,
I have been a holder of NAK since it was around $5 based on your recommendation. I haven’t sold any of my shares up to this point. What should I do with this stock now?
Thanks,
Dennis
On The Track Of The Bear – More Campfire Stories
Pappa Bear Is Very Hungry
So here’s the analogy for amusement purposes.
The Grizzly Bear hunters are gathered around the campfire trading stories about the ferocious ways of Grizzly Bears. They talk about the damage or even quick death they can inflict with little warning. In the chill night air it seems that everything has become quiet and the hunters stop talking. A loud roar from a nearby Large Grizzly Bear fills the hunters Hearts with fear. The Prechter people jump to their feet and fire in all directions. The night becomes quiet again, the Grizzly Bear moving away into the forest.
A Wise old hunter identifies the roar as a large Male Grizzly. He looks at the crescent moon and the quiet wind for indications and says to the hunters – He’s a cunning animal that was testing our strength and will return tonight. No One goes to sleep.
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So that was intended to alarm you and it’s a good analogy because the Bear is coming back and soon. The Daily I.B.D. Editorial Page has me terrified and it’s like the roar of the Grizzly Bear. They are considering unprecedented regulations upon financial firms and an entanglement to keep inefficient organizations afloat. It would take months to write a book and it all points to an economic implosion. Even if anyone chose to write a book about the economic morass, it would be obsolete by compounded difficulties even before publication. Things are changing very fast, and this is not a time to be complacent.
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NOT RIGHT NOW, but my Big Game Target is Leveraged Short ETF’s. Put Options carry excessive risk due to time limitations and the inherent risks in a ‘Wasting Asset’. You can do just as well in the Leverage Short ETF’s. Once Again … NOT RIGHT NOW in my opinion. I like The Direxion & Pro-Funds ETF’s but minimize or stay away from the sector shorts. SRS (Real Estate Short) may not conform immediately to market direction. Minimize or avoid it, hold it if you own it. I prefer the U.S. general equity short ETF’s.
INDICATORS are suggesting two probabilites – Perhaps the first has a bit more preference, but we don’t know because the markets are undecided.
1) We could fall for another two weeks, where the momentum indicators will turn up again. That would take us higher for about 2 months to the ‘State Of The Union Address’ in Mid January. Most indices will fail to reach new highs.
2) There’s a second scenario that we have already turned up. It’s a lesser probability, but would be quite Bearish suggesting a shallow advance with widening divergences and most indices failing to reach new highs. That would peak right in early January.
So here I’ve been for a full year warning that Communists have taken control, everything will be destroyed and we’re all in great danger.
For THE VERY LAST AND FINAL TIME, never to be repeated …. Obama will destroy everything, we’re all in great danger and the U.S. Stock Market is going to Zero!
Hi SGGroup,
I’m for the 2nd option, keep those waves rolling up ’til the start of January.
Alternate Wave Count
Probability is that we are finishing up ‘The Third Wave’ from the March bottom. It seems that we are in ‘The Fifth Wave’ of ‘The Third Wave’.
It may be that we have ‘The Fourth Wave’ (Down) ahead of us and then the final ‘Fifth Wave’ (Up). That would take it to about March 2010.