Embrace the BEAR! Silver & Gold hit hard today. Market update 2/4/10

S&P/DOW: BEAR (Dow must close back over 10450)
IOO: BEAR (must close over $60.00 to resume bull)
Gold: BEAR (add on extreme oversold)
Silver: BEAR (I'm looking to add to physical at 14.85)
GDX: BEAR

This could get ugly so we are on alert. Gold must close above $1123.00 for it to resume bullish Trend.

Category:

News & Politics

Tags:

• Market Crash
• Stocks
• Silver
• Gold
• Recession
• Depression
• correction
• Obama
• unemployment

[gr8wg]

from dow 10K do u expect 9k first or 11k ?

if gold brks 1,000 will it drop to 800 ?

if silver brks 16 will it drop to 14 ?

poll your subscibers and post results.

[bullorbearreport]

That is a useless task as no one can predict the future. We just use our technical analysis to analyze the markets day to day and let them tell us what to do.

Right now my odds are for a bear market resumption from the beginning of 2009 with a possibility of testing old lows "IF" the Fed's stops the liquidity program. It's all up to them. Inflate or Die.

[jimbobubbadj]

It seems that your son wants to go on Youtube with you Karl.

[bullorbearreport]

@jimbobubbadj He's an attention hog... lol

[GypsyHustled]

What is the software you mention? Thanks

[bullorbearreport]

I will do a video on it shortly incase anyone is interested.

[donniebrasco24]

dont sell your silver, just keep buying more. In 6 months or less, it should be over 20/oz.... These are opportunities to increase your holdings, dont you rather increase your holdind of silver at 15/oz instead at 20/oz?  BUy, BUy BUy... their paper ponzi game (ETFS) will bust soon...

[JP5466]

Great opportunity to buy physical silver. I bought 100 more ounces today... this time it's Canadian Maple Leafs :o)

[Ubreako]

i think with silver.....there is limited downside risk.....how low can it go ? if it goes to 5 even better....even if under 15 ...just keep buying

[ccharlie100]

That scared me shitless!

I had to rush out and buy 10,000 RBS.L to get my blood pressure back down to 'real world' levels....

Thank God I don't listen to you 'conspiracy theorists'.....

Whasssatt?..... Who is that bailif banging at my door?

Remember Gene Kelly?

"I'm siiiiiinging in the rainnnn, just siiiiiiinging in the raaaaiiiiin.... It's a gloooooriusss feeeling, I'm haaaaapy agaaiiiin....

Buddy, can you spare a dime?

[yogiudo]

lol

[cosmicguerilla1]

cool man !

watch out , fake job numbers out today !

going up ? dollar at resistance .

[donniebrasco24]

yup, people are still paying nearly 20/oz for physical silver on ebay. They know it's do to manipulation... we're in the final stages before the total bankrupcy of our economy and having the US dollar fall from being the world reserve currency. The euro will fall first, the dollar shortly thereafter...

[ytgv3fc7]

@suprmnjl ; Ya, Carl, your son totally looks like he's going to try to sneak up and surprise you. I'm betting your own screen is showing your recording in a window though... ;)

[ytgv3fc7]

@gr8wg I personally expect to see swings of 700 to 1000 points DOW & TSX 3 or 4 times in the next 12 weeks in both directions. I don't think gold will go below 900 but manipulators will push ETF/paper gold in that direction over the next 3 - 12 months. Then, as before, watch it skyrocket.

[ytgv3fc7]

@bullorbearreport I guess the real question of "where is the bottom" becomes "who isn't broke and is still willing to play the game".