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

Dow/S&P: BULL
Silver: BULL
Gold: BULL
GDX: BUL
PSAU/MOO/IYM: BULL

Printing presses must be back into full swing.

Category:

News & Politics

Tags:

• inflation
• GDX
• Silver
• Gold
• Obama
• Recession
• Depression
• investing
• making money
• economic collapse
• unemployed

[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.

[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.

[alikokos]

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

[thirdcoastguy]

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

[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

[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.

[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.

[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).