The Gold Report: As you noted in your last interview with The Gold Report in February, Goldman Sachs was predicting that gold would to go down to $1,200/ounce ($1,200/oz) in several years, and now “Dr. Doom,” Nouriel Roubini, says it’s going to $1,000/oz. What’s your view?
Chen Lin: In the near term, I think gold is being controlled by the paper market on Wall Street, which is unfortunate. However, I’m still bullish for the long run.
2012 2013
has been the top of cycle..
with the imminent correction still in mending
USA election done
smell of war in israel??
yet this market got to get a life
DOWJones chart analysis to be released
Trading Rules
trading Rules - Be Aware SP and DOWJones are far to high - a correction of 20 % is pending any time,,Timing the USA election **** end of iron ore boom *** fall in big stocks favor the come back of pennyshares****
DOW JONES WATCH FORECASTS
SOON FINANCIAL 2013
Best Six Months for Stock Market Are Underway Says Hirsch
According to the Stock Trader's Almanac, November is the beginning of the stock market's strongest six-month period. The "Best Six Months Switching Strategy" goes like this: Invest in the Dow and/or S&P 500 between November 1 and April 30 each year, then switch into safer fixed income assets in May.
"We found that most of the market's gains are made from November to April, whereas you either go down or are flat from May through October; hence the sell in May and go away[strategy]," says Jeff Hirsch, editor-in-chief of the Stock Trader's Almanac.
Historically, there's a soft period from May through October, as seen in STA's chart below.
"We like to buy in October and get ourselves sober, even though we didn't get our trigger this year because the market was vacillating quite a bit," says Hirsch. He uses a MACD indicator as a trigger for buy and sell moves. Using the MACD, the DJIA's Best Six Months rises to an average gain of 9.3% versus a loss of 1.2% during the Worst Six Months.
On average as seen in the chart below, the Dow Jones Industrial Average has risen 7.5% during the Best Six Month period since 1950, versus 0.3% rise during the Worst 6 Months.
"Last year everyone was bearish — I was one of the lone bulls on the Street. I was really happy with our buy signal," says Hirsch. "This year I'm not so confident because the market technically is struggling against resistance; there are a lot of issues, there's a post-election year coming up, there's fiscal cliffs. So we're going in with tighter stops with our trades this year."
Needless to say, November is off to a very weak start with the DJIA, S&P 500 and Nasdaq all down over 4% month-to-date. Hirsch has already warned of risk in 2013 based on the election cycle and historical weakness when an incumbent president is re-elected.
"Again, we're at the sour spot of the four-year [presidential election] cycle," he admits. "We'll make our trades, but we'll be a lot more cautious and keep the stops a lot tighter instead of leaving it wide open here."
If this is as good as it gets, maybe that's a sound warning for the year ahead. How are you positioning for 2013? Let us know in the comment section below or visit us on Facebook!
STOCK ALERT Markets are constantly in a state of uncertainty and flux ... money is made by discounting the obvious and betting on the unexpected' ~G. Soros
The biggest risk in life is not to have one. Investment Watch Blog Australia Penny Shares companies are managed by the worth CROOKS of the system,, most of it wheeling and dealings to clean the holders?? most of them are INsiders/ traders.. ACCOUNTANTS AND CORPORATES LAWYERS,, protected by ASIC Shame on them >> TRADE WITH THEM >> DO NOT HOLD THEM>> i call them professionals criminals THEY ARE DESTROYING PEOPLE WEALTH AS 4 November 2011 MARKETS SENTIMENTS BULLISH see updated forecasts chart...DOW TESTING 11400 support, Warning *********************************************************
MARKET SIGNALS IN CORRECTION..WAITING FOR THE STORM TO SETTLE.. WATCHING SUPPORT FORMATIONS.. MARKET COULD RALLY BY YEAR END short term TARGET DOW 10400 - SP500 900 long term
go the dragon
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Dowjones first support 11900,, on the test *** 12500 ** median line channel broken elliott wave blog
THE ART OF STEALING FROM SHARE HOLDERS
As a publicly listed company we are governed by the ASX Listing Rules and the Corporations Act and as you would appreciate, there are likely to be some matters that are in the process of being finalised that may be market sensitive. In such circumstances it would not be permissible to make disclosures to you until those matters are concluded and announced to the market,, the law protect ASIC and ASX just playing with your money
well that a hard one ,, but get ready in case we may have a surge? technical speculator page VIX reverse sharpely TAX adjustements done??.Happy New Year? 2012 could be a slow start /pending DowJones correction? the words are Correction.. recession ... and fears of Depression MOST DIRECTORS ARE ROBBERS ON ASX Dowjones in correction mode.>> next support?? correction = recession = depression ?? 3 support scenario possible? Astute accounting taking place link to cycles theory WARNING SIGNALS GIVEN ON THE RISING FLAG (3 months periode) Quote of the moment?? Buying time is upon us.... Everone is getting more and more fearful which leads me to think we are getting closer to this downturns bottom. I'll be buying more as funds free up.
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go the dragon
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