Friday, April 19, 2013

Gold Stocks (GDX): If Not Now, When?

That was the question I asked myself after being 100% cash into the last hour yesterday and seeing the bottom fall out on the gold stocks once again. Classic trading methodology teaches that you do not try to catch a falling knife. ‘Screw classic trading methodology’ thought I, ‘I’m taking some positions’, which ended up being in the gold and silver bullion fund CEF (now selling at a discount), a few individual items I consider to be of relative quality and the leveraged NUGT in a high risk trading account.
The above was noted in an update to NFTRH subscribers in the last hour and certainly was not a call to action. It was just a note from a market manager who had been updating subscribers all along this frustrating journey since the gold stocks lost critical support in November. With that final plunge yesterday afternoon, something bullish welled up inside me.
But as usual, the chart takes out the human element (e.g. “something bullish welled up inside me”), so let’s look at the one for GDX, as it shows an awe inspiring picture of volume.
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Economic Armageddon Is Imminent: If you knew that paper monies all around the world were to collapse, what action would represent your best option

George Soros knows something dreadful is coming. The Rockefellers know something big and bad is about to happen. That something big is the imminent collapse of all fiat, paper money currencies around the world. In their secret Bilderberg meetings, the globalists have positively planned the exact date of our financial demise. You can even bet the next “black whatever day” will coincide with an ironic date which will make the globalists chuckle at the planned inception of next false flag event. You remember when the globalist minions crashed planes into the World Trade Center buildings on 9/11. The globalists planned a 911 event on 9/11. Get it? LOL!!!  Three thousand dead means nothing to the globalists.   
Nobody else but these psychopathic criminals, will be laughing when they roll out their financial collapse plan. And unfortunately, you and I do not have a seat at the table so we have no insider information to gauge when the financial collapse is coming. Just like 1929, most of us will have the lion’s share of our liquid assets (e.g. cash) in their criminal banks when the collapse occurs. However, there are some things that we can all watch out for.

Timing Is Everything

Although most of us do not have insider information there are indeed some tell tale signs that we can look for what could serve as warnings as to when the collapse will occur. It is more accurate to expect the collapse to be hinged on events rather than trying to pick a date on the calendar. (more)
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PulteGroup, Inc. (NYSE: PHM)

PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. The company's Homebuilding segment is involved in the acquisition and development of land primarily for residential purposes within the United States; and the construction of housing on such lands. This segment offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb, and Centex names. As of December 31, 2012, this segment had approximately 670 active communities. Its Financial Services segment engages in mortgage banking and title operations. This segment arranges financing through the origination of mortgage loans primarily for homebuyers; sells such loans and related servicing rights; and provides title insurance policies as an agent, as well as examination and closing services to homebuyers. The company was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010.
To review potential trading opportunities with Pulte's stock, please take a look at the 1-year chart of PHM (PulteGroup, Inc.) below with my added notations:
1-year chart of PHM (PulteGroup, Inc.) After rallying nicely from its June low, PHM has formed what may be a double top price pattern (blue). Double tops are reversal patterns and are as simple as they sound: Rallying up to a point (T), selling off to a support, and then rallying back up again to approximately the same top (T). As with any price pattern, a confirmation of the pattern is needed. PHM would confirm its pattern by breaking the $18 support (red) that has been created by the double top pattern.
The Tale of the Tape: PHM should be moving lower if it confirms its double top pattern. A short trade could be made on a break of support with a stop placed above the level. However, a trader could also go long at $18 as well if they believ PHM is simply consolidating.

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Europe Considering Mandatory 15% of Wages To be Taken For Pensions / By Martin Armstrong

There will be no HYPERINFLATION. That assumes government sits on their hands and blindly just prints to try to please everyone. They are by NO MEANS nice people. This is about them maintaining power. They put the Euro to a vote, got it, the people will NEVER be allowed to ever vote again. The European Parliament is federalizing Europe from a power perspective, but have no intent of giving anything back to the people.
They have created a bogus study that now claims the South is richer than the North so any further bailouts will be the confiscation of their property. This is invasion of Southern Europe without troops. Perhaps we will go all the way back to Roman defaults – they confiscate your children and sell them into slavery.
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Target Achieved In Apple AAPL

My target for Apple was sub $400 many months ago, and more specifically near the $387 range (although not for any Fibonacci level), I just found it interesting that the 50% retracement mirrored that level. And it may take a flush out event to cause some bulls hanging on to capitulate. That could set the stage for a more sustained rally in Apple. I’ve been bearish on this stock for many months and I think now is the time to switch to a more neutral stance and even possibly a bullish outlook.
Apple is still a monster from a commercial sense and don’t let the last 4 months define this stock. As you can see the uptrend is well intact and could easily fall to the 61.8% level and still not break the uptrend although I don’t think it will fall that much. I don’t think it’ll break $360 but if it does it’ll be only intraday and I would wager it would rebound a significant amount of that intraday selling by days close.
They report after the bell on April 23rd. If it continues to be depressed until then, and has an initial selloff, then that could bring the buying opportunity many have been waiting for.
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Was the Silver Crash Planned To Save JPMORGAN

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