Newsletter

Gold and silver bid up again this morning. First off and most importantly, they are showing strong bottoming formations…and secondly, there is mass confusion by the people in power…so gold and silver getting the bid.

I do not usually use expletives when I write but calling the fed assclowns is well-deserved. They know that their minutes are going to come out and will move markets. So…just when you think something is going to happen, we get this earlier this morning:   On tv this morning, Fed’s Bullard says ‘Fed has…

I want to thank the assclowns at the fed for the gold and silver today. Who were they trying to kid by saying they had to think about more money printing. These are insane human beings that have no idea what the heck they are doing so just print away. We’ll see if this has…

[email_link] Yes…print money to fund deficits. Yes…leave rates at zero to create another bubble and screw savers. Yes…that’s the ticket!  NEW YORK, Aug 21 (Reuters) – Ben Bernanke received an unlikely defense of his work at the U.S. Federal Reserve by a top Mitt Romney adviser, who said on Tuesday that he should be considered…

[email_link] Prepare for another year of $1 trillion-plus deficits.  The nonpartisan Congressional Budget Office projected Wednesday that the deficit for 2012 will run $1.1 trillion, the fourth year in a row the shortfall will exceed $1 trillion.  The projection is down a bit from an earlier estimate pegging the deficit this year at $1.2 trillion. …

[email_link] Will Apple become the first trillion-dollar company? EARLIER this year, there was plenty of speculation that Apple’s stock had entered bubble territory. Investors apparently think otherwise: on August 20th the firm’s share price hit $665, giving it a market capitalisation of more than $623 billion—and making it the most valuable listed company of all…

[email_link] Continued SOURCE: http://www.nhc.noaa.gov

[email_link] Like many New York City bedroom communities, the Village of Freeport on Long Island lost its share of loved ones—including police and firefighters—on 9/11. Over 340 people from Nassau County were killed in the attacks. In the aftermath of the horror, messages of sympathy poured in from democracies around the world. But there were…

No additions this morning.   TOL,CHS,AEO,WSM gapping up.   Futures down off of yesterday’s negative reversal. As I said last night, maybe we get some pulling in here. Would just cool the jets.   GLD and SLV up a little. I do not have a big conviction on them…though SLV looks to be stronger.  …

Thinking market hit resistance today…and sellers showed up. Gotta believe we get some pulling in here…but not entirely sure. Holding off here to see if one occurs. Will update service holdings in the morning.