Monday, August 15, 2011

HI HO SILVER! NO Really I mean GOLD!!!!

Did any of you out there miss me? Yes, I have been on vacation for awhile, a trip of a life time, I will share it with you later... I needed it really... while I was gone, well, my portfolio stayed even, I had purchased a few stocks to counter my downside stocks .... so honestly I really was not ready for this great bear move..... sad to say... but .. I do believe that we could have a chance to get out of those upside stocks in this bullish move that has bounced off an old support line that I had going back several yrs ago at around  S&P 1105... I realize it broke below that, but that support/resistance held alot of history so.. that will be the first retest area... when it turns again... I have 1200 and 1224 ish as  upside tagets right now... 1250 again would be my top... to be bullish again we would have to pop over 1325 from what I see... some would go higher.. Do not get depressed over this move..Bernanke is not out of bullets yet he will waste more $$ before this is over but you need to choose your exits wisely,  most of you have made good gains over the yrs...go to cash as soon as possible.  I have stressed sometimes, well, more than once that cash is king, gold and silver will become very important over the next few yrs,  but Prechter says that even it will take a dive too. From what I see on the charts it is due for a correction, but that it could jump as high as $5000 a troy ounce, or higher... panic situations tend to make things go crazy... as a matter of fact this morning on CNBC's site they have an article  about the GOLD FEVER On EBAY!   maybe its time I sold some of mine...LOL!  Europe will be the death of all markets.... Germany will try to take over again.... funny  maybe Hitler is still alive??? I am just kidding....  but the Germans control most of the policies at the moment... along with the British.... so, how  can we trade it.... I need to do some homework...   but you might need to buy a gun to add to your survival gear... remember, at least 3-6mo's worth of food and water to be rotated at all times...that includes ammo. I am not kidding on this. Search Survival gear on google and you will hit some great info.  OK... thanks for the comment RR, sorry I missed ya... hope all is well....later L

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