Silver & Gold Countertrend pullback explanation. Dollar devaluation option. Wed 12/30/09 update

Dow/S&P: BULL (still in Dow Theory Bull mode)
SILVER: BEAR (must close over 17.85 to resume Bull rally)
GOLD: BEAR (must close over 1141 to resume Bull rally)
GDX: BEAR (must close over $49.00 to resume Bull rally)

Corporate Jets for our politicians on our Dime during the worst Recession in decades. Who's the suckers!!!
http://online.wsj.com/article/SB124960404730212955.html

Pelosi's Hawaiian vacation article.
http://www.hawaiifreepress.com/main/ArticlesMain/tabid/56/articleType/Article...

Category:

News & Politics

Tags:

• Dollar Devaluation
• Economic collapse
• Gold
• Silver
• GDX
• investing
• economy
• Pelosi

[TheNRA4ever]

Great video...as always...historically the 1st quarter is bullish for gold and silver...but for some reason, we are in times like never before, so I dont know if this quarter will be the same. By the time obama is done with his first (and last I hope) term, I believe gold is at $3000 an ounce, silver is at $70 -100 an ounce, and oil at $150-$200 per barrel. For now, buy gold, buy silver, and most importantly, buy food (thats going up too). Keep a bible in one hand and a gun in the other !!

[bullorbearreport]

That seems to be a good target.

Use this weakness as time to accumulate assets like food supplies, Gold/Silver, etc....

Later on income will be VERY hard to keep and any intrinsic wealth value like Gold/Silver will be priceless in a self destructing dollar.

[drwfantasyphd]

first

[bullorbearreport]

@drwfantasyphd , this is a family business in operation for over 35 years and it's always been busy even through the December year end period. This year is the first time it's been severely slow. Very scary. Arrow Shipping closed down on the day before Christmas eve. Evidence that things continue to get worse.

[freedominsomalia]

politicians dont work for us. they work for lobbyists

[Motoicon]

doesnt it blow that the market does not reflect reality? People like us who prepare and spend time conserving, living within our means have to wish for the dollar to devalue so the truth will be exposed? This is nuts....

[id26101970]

They work for us ??? HaHaHaHaaaaaa

The Truth is:

WE WORK & PAY FOR THEM, also WE PAY AND WORK FOR THEM and PAYING them for every Mistake, we'll stay and pay & pay, let's say we keep paying bills, bills, bills and still kepp paying (4 WHAT ?) get your asses awake and STOP billing this foolish crap ....

Don't worry, be Happy billing any poooopy shiting gap.... BE A SYSTEM SLAVE 4 EVER, DO NOT THINK, DO NOT TALK, DO NOT DO TO BE a NONSLAVE of ECONOMY...

JUST SPEND, DO NOT ASK, PAY ATTENTION etc.

[id26101970]

you should treat your mustache for some reason... do not blame me for any disaccord!!!

*jfym

let' s freeze in hell... or something like that... *LMAO

GreeZ

[thaboomer53]

I'm hoping silver stays in a sideways pattern for a while. That would be a wider window of opportunity to buy more at a decent price. I don't believe we will ever see it this cheap again. Sooner or later , reality will set in, and the masses will flock to precious metals.

[donniebrasco24]

it doesnt matter how low it will go really. long term will be much higher than the current highs. if you can buy silver for under 20/ounce, its a bargain. So on dips especially stock up, in a few months to years, silver should be trading at 35/oz to 100/oz when hyperinflation hits/dollar collapses, so anything under 20/oz is a great opportunity...

[catharthic]

whats the lowest silver can realistically go again?

[ZoZem]

When the market is quiet-- when volume is low-- it is much easier to manipulate by the fed and central banks.

[BackBurnerNews]

Good thoughts.

: )

[Qualitatively]

Thanks!