Can't trust most financial Advisors. Silver Bull is Back! Market update Saturday 1/9/10

[motelcalifornia]

You are absolutely right about mutual funds and dividend reinvestment or additional contributions. After the collapse, any additional funds were wiped out. After I saw that, I make sure ALL my dividends to go my bank account. I am working class, not some fucking animal in the shape of a stockbroker or financial advisor.

[umayanarosy]

there Try asian brides  #lushfmlk.info#

[MrSizzlingsilver]

Hey buddy, I like your value here. I just started up on the tube and you're the first person I subscribed to :-) I agree with you on being aggressive making money and placing it in assets. I really hope you don't give into EFTs and those type of accounts though, because I really don't trust anybody with my investments. Sub back if you like!

[toshibavoodoo]

great

[samsterlok]

Thanks for the update bro, looks like we will see oil & PMs go higher in the coming days (channels look good for most miners on my watch list).

I bought a couple of hundred shares of LPIH (a Chinese petro operation) a few days ago, should perform well as the price of crude oil continues to head north (long term hold).

[TheSilverHolder]

Why not hold just physical precious metals?

[Motoicon]

I recently listened to a presentation by Karl Denninger who stated that Gold (And I presume silver) will get "Smashed" due to the unwinding of the dollar carry trade. Any comments by anyone why they believe Karl is wrong...Or why he is right?

[bullorbearreport]

No one can correctly predict future prices so whatever Karl Denninger is saying is pure speculation and his opinion. But what we can do is analyze the Fundamental reasons why commodities & metals will go higher (ie: government currency debasement) and invest for the long haul for that reason.

Of course we also watch the current trends and what the price action is telling us to invest accordingly.

One day at a time.

[reptarman7]

The dollar is priced relative to other currencies. So if Greece defaults prior to California, the dollar could have a period of relative strength. But in 2010 the SDRs are going to be rebalanced, the gulf states are going to price oil in their own currency, and China plans to "address" the problem so it doesn't look good for the dollar. Also, tax shortfall of > 10% means real GDP is well into depression territory. Market crash/interest rate hike or non-US defaults could unwind trade.

[Motoicon]

That makes sense. I think Karl is a very smart man and I agree with much of what he says, so I rationalized that he must be right about gold too. He may be right about gold gettin hammered if an unwinding occurs, but I dont think that will happen any time soon....but like you said, it will only be short lived. Thanks for your intelligent response. Not many smart guys like you out there who are rational. Too many emotional positions cloud judgement and thats not good for protecting wealth.

[rentonsentinel]

Do you think SRS will put in a bottom soon?

[jimbobubbadj]

Karl, if you are in custom manufacturing, you are in a good position in my opinion. I used to work for a custom antenna manufacturing and designing company and it was able to hold its own against China, Japan, Korea and the likes. The Asian Tigers are for volume orders. They don't do as well with custom. Anyway, I left, I was not laid off or fired.

[streetmoney21]

I like your technical perspective we have to take advantage in any way we can. Information is power.

[REOGURU]

excellent report...thank you!

[gr8wg]

karl, use the numbers.

if unemployment is 10% it = 10 of 100

so, u can layoff another 90 !

if you have 5 of 10 employees your unemployment is 50% ! have you lost 1/2 of your business ?

[bullorbearreport]

Pretty much 60% of the business is lost but I can't lay off that many people. I'm down to my core guys.

[TheNRA4ever]

Love the videos karl...I subscribed and I share the same thought process as you. This is gonna be a great year for commodities. What's your guess for 2010-...I say gold hits $1500/ounce....silver $60-$80 per ounce....oil $100-$120 per barrel.

[bullorbearreport]

Not sure how high but once we break past the old highs of this December 3rd for Gold and 2008 highs of $21.00 for silver the sky is the limit. I will keep everyone posted.

But Long term 3+ years I think we will be much higher then today's prices.

[thirdcoastguy]

Great commentary Karl. Don't forget to buy some rope to hang our corrupt congressmen.

[RenegadeTimes]

Thanks to NAFTA and the idiot Clinton passing it through.

Destroyed U.S. manufacturing ~

[Mr1openmind]

Like your attitude on Government printing...make the best of it.

[glassman1313]

well 6 hours after its posted it still will not play,,,,f youtube

[alikokos]

not playing for me too...loads but no vid

[yogiudo]

Karl their losing money on you!

[libertymom100]

Thanks for pointing this out. Three years ago my company had 25 full time employees. Now we are down to one full time and one part time employee. Now we are considering letting our full time person go.

[thereallurker]

Hey Karl, can you do a vid on the trading platform you use?

[hiphopsocnroc]

Good advise my man...buy silver/gold people. Making money is what i'm bout...hehe. Peace

[1mealperday]

If you have not read zerohedge then you are still in the dark.. Its fair to say its the best site in the net .

[ytgv3fc7]

um hey when you're calling bull or bear on the market indexes, are you factoring back out the inflationary pressure of the dollar? Because obviously when dollars go down in value, prices go up for products in those dollars, right? This is a point Peter Schiff has made a few times and I can see the logic of it.

[prudentinvstr]

Thanks for the post. Were coming into some huge resistance in the metals . I expect a pull back especially with the treasury auction next week. They always try to beat back the metals during the auctions then they go right back up again.

[dgmoocher]

Woo hoo! Should be a great trading year!

[GypsyHustle]

I think you would enjoy the book 'dollar meltdown'. Check it out its a great read.'

[suzettespencer]

You gave great advice in your previous vid. You advocate being diversified, even dabble in ETF's even though it is shunned in this community. I think if you realize that ETF could default AND hold physicals, ETF's can serve its original purpose. I may be criticized for this but hey, sometimes, you have to be a contrarian. Thanks for the good work.