Our Currency is a complete fraud! Time running out to get out of dollars. Wed 12/1/10 update.

DOW/S&P: CAUTION
Gold/Silver: BULL
GDX/GDXJ: BULL
IYM: BULL

Preparing to leverage up on Gold with a tight stop of it breaks out from here. Get ready.

Category:

People & Blogs

Tags:

• Gold
• Silver
• recession
• depression
• currency
• printing
• income
• crash
• federal reserve
• money
• unemployed

[pulsescan72]

hey dude i have not had the time to comment lately but way to go with your vids. I truly enjoy them. Keep up the good work my fellow pirate. The Vulcan

[bullorbearreport]

@pulsescan72 Thanks for the comments. I'm glad you enjoy them.

[MrPhajlee]

what do you think of a long silver/short gold trade? gold acts as a hedge.

[bullorbearreport]

@MrPhajlee Personally never short Gold or Silver. Short the Dollar or Dow if you must do anything. Good luck.

[MosRawkus]

What's your opinion on Silver? Do you think it could possibly hit $1,000?

[bullorbearreport]

@MosRawkus First let's get past $150.00 then we'll see if $1K is in the cards.... But if Silver goes to 1K then Gold must go to $25K or higher... wow.

[Johnnybluejohn]

@Excidium567 im living paycheck to paycheck too. Only because I buy silver and gold. Its a great way for me to save because if I kept it in cash I would spend it and have nothing. :)

[karenbcz22]

Hey Karl,

Just an FYI bought GDXJ @ $36.75. Sold today @ $42.78.

What a great ETF, eh?

$ $ $

[takerdust]

I should do the inverse gold etf since I own some UGL. I been a bit lazy, even making some profit from leveraged gold with contango.

[doc7474]

Thanks for getting people informed, Karl. I really don't know what I would have to add more than other people like yourself do. In my own way, I have been trying to warn family and friends. Silverfuturist's channel is great - he not only talks about silver but goes off on other important tangents which makes his channel all the more valuable, I notice how you will talk economic crisis survival among other things - this is very important.

[NovusChaoMundi]

@bullorbearreport Wow  Karl, the Vulcan is a fan!

[Excidium567]

6-12-18 months worth in the bank? I'm living paycheck to paycheck lol, Not funny I know but at least I'm lucky enough to be in work... and to have 600 oz of silver tucked away.

[ravikingwrath23]

I hope you realize that when you buy silver eagles, some of the commission goes directly to the Federal Reserve, the same entity that is causing this mess. Anyway, good video. Got a delivery of silver today--all bullion. Crash JP Morgan!

[robbynelson3]

@bullorbearreport There is 5 times more gold on the planet than silver, its safe to assume that someday gold will be worth less than silver. Food for thought.

[YouDiddntSeeAnything]

@JP5466 yeah, I agree. The main reason why it is such a fraud these days is because it is mainly traded in USD so you never get an accurate price for anything