Did you buy more Gold & Silver this week? I hope so. Market update 2/14/10

S&P/DOW: BEAR (Dow must close back over 10280)
IOO: BEAR (must close over $58.50 to resume bull)
Gold: BEAR (Close over 1105 is bullish)
Silver: BEAR (Close over 16.85)
GDX: BEAR (Close over 44 is bullish)

Great Read: The Great Depression, A Diary: edited by Daniel Roth.

DOW Theory: BEAR Market signal still.

Category:

News & Politics

Tags:

• Silver
• Gold
• Market Crash
• investing
• GDX
• IOO
• Government
• Unemployment
• Depression
• Great Depression
• 1930
• Obama

[partyhouse88]

What is the USD going to be up to this week against the JPY, CAD & EUR this week??? Thanks!

[bullorbearreport]

I really can not predict weekly moves. That is really impossible with 100% accuracy.

But at this moment the dollar seems to be in a bullish trend. If the Dollar Index can close back below 78.80 then the bearish trend will have resumed again.

[jlee4520]

Does the Greece/Euro crisis mean that the US dollar will now be very strong for the next few months or even years? What if the Euro crashes before the dollar devaluation?

[bullorbearreport]

We are having a global devaluation of ALL currencies. At this moment the dollar seems stronger against other paper currencies. But in reality they are all loosing value against Gold together.

[RenegadeTimes]

Right Karl ` The debt is NOT payable.

As I have heard many scream out - It's not fantasy ...it's merely mathmatics.

NAFTA drove manufacturing right out of the United States and into cheap labor countries. Clinton and his minions swept NAFTA through and the destruction for the american people was underway. Gov't serves corporate not the people. The deck has been stacked against the common folks for decades. Protect yourselves, be wise. Metals are the way.

[RenegadeTimes]

@jimbobubbadj Correct ! And...when fiat falls and the gov't gives you $1 for every $3 gold and silver will still have worth. It's amazing how dumb people are about the mentals. History shows what it has done and will do. My brother and myself no longer wish to convert the minds of fools. we figure there will be more for us lol

[Oathtaker4life]

Karl - Thanks for keeping us posted with your views. I am also budgeting in a monthly purchase (sometimes bi-weekly) of precious metals. Where do you see silver spot prices going in the near term?

[Stealth0031]

Excellent Vid! And I can't wait to read the book. Also, my father has subscribed to Dow Theory for years --- Looks like I should have taken his advice and read it! :)

Thanks for taking the time to remake the video.

William

[karenbcz22]

All those gov't slackers GOT PAID for their days off too!

Our tax dollars at work.

Everytime I'd hear on the radio, "NON-ESSENTIAL" employees do not have to report to work, I couldn't help but think, "they ALL "non-essential"!

LOL!

[captcaveman4201]

its not soo much the cost of the items. it is about the ammount of money that the energy corporations loose. That is their strangle hold on the people. And they will stop at nothing to continue their scam.

[jimbobubbadj]

captcave, I think that thermal solar is a great idea. Will they be built or built in significant numbers to make a difference. Perhaps this is where we don't agree. I believe it is possible but no one seems to want to invest the money that it will take to do this.

[doc7474]

Thanks for the update Karl. I didn't buy any gold+silver - I'm trying to get my house in order (i.e. preparation), I definitely would put my investing money into silver if I could. That book sounds interesting, I might have to pick it up. I've had enough of this bleeping snow myself here in Pennsylvania. Take care.

[Lexi8888]

Funny, when DC closed down for the snow, I too was thinking how they had to be doing less damage at least for those few days.