Saturday, August 20, 2011

GGGOLLLLLDD FEVER!!!!!!! getting overbought bad........

Ok, gold is peaking.... oh what a ride it has been... it broke out of my channel on Fri. So it is time to start picking up some short's on Gold .  I would see what happens Mon. morning.. but Its momentum is heavy... and it could reach $2000. I will try to run some Fib retracements and post a chart... if I have time.. but ... when it turns it should fall hard fast .... and for at least 2-300 dollars ...we should be able to make some good cash to the bear side...silver 2X inverse silver index is ZSL  gold 2X inverse is DZZ or 1X inverse is DGZ ... have a good wkend ...L   OK, UPdate already went to visit over at Channels and Patterns... Springhill Jack has the gold charts and are they swwwweeeeeeeeeeeeeeeeetttt.... along with his awsome S&P charts.. so go over and check it out... http://channelsandpatterns.blogspot.com/

Wednesday, August 17, 2011

COMPOUND INTEREST 1+1=2+1=3 Etc.

For you RK.........

If you where to put $2000 thousand dollars a yr. in a good mutual dividend paying fund starting at the age of 19 and stopped putting it in at the age of 26 or so.. you would be worth up to 2 million dollars by the time you retired...????????? AMAZING!  all by simple compound interest... 

Most of us do not get out of college until we are already in our mid twenties today.  The 4yr college degree has now stretched to 6 yrs.  Colleges have found ways to keep people in school longer, so they can make more money and keep people out of the job market that we all know already that unemplyment is really sitting between 15-20%...  many have just given up hope of ever working again and most of those have lost everything they had worked their entire life for.

So, how do you as an investor beat this lovely system, you start young or you try to catch up like alot of folks... so the more help you have the better....

MONTHLY Dividend stocks or funds... most are trusts,    SJT, MTR, PGH... http://www.italkcash.com/forum/equities/11884-monthly-dividend-stocks.html             here are just a few... I like the U.S. trusts better... why, you have to pay Canadian tax so it cuts your dividend, but some are cheap and you can own more for a little. 
'My" favorites are PGH, SJT, MTR... MTR is probably my favorite of the 3... pays a very nice dividend usually 10 out of 12 months... that compounds fast...  so sit down and figure it out.. if you re-invest the dividend and just let it keep compounding... wa- La!  it begins to add up and over a 20-30 yr period it is worth alot more than sitting around trying to figure out when to buy and sell while your trying to do your job.  How do you think the rich keep getting richer..?????  they set up funds for their newborns and those kids are millionaires by the time they are 40 yrs old... time is on a babies side.... take care RK, and thanks for the comments...L.

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