Originally Posted by Al Smith With this kind of brainlessness allowed in the markets it's no surprize that so many are out of the markets where the machines play! Broken Market Chronicles: Algos Gone Autosell Wild - Video Explanation Of What Happened Still scratching your head over what happened this morning (this would be everyone at the SEC but not their porn webstream vendors - even they by now realize just how broken the market is)? Don't be - courtesy of Dennis Dick and Premarket Info, here is a 20 minute video explanation parsing the tape and showing precisely what happened that impacted nearly 150 stocks. In summary:Rogue algo strikes number of stocks: up to 148 symbols impacted WFC preferred security JWF trades 4.9MM shares, and trades down more than 10% VZ, PEP, RSH, BBY, WFC and many more all affected Appears to be an auto buy program error on some issues An auto-sell program on other issues And since nobody at the SEC will move a finger... Read more and see the video here ...
You bet your sweet Bippy—time to focus on getting off the sidelines... limited downside risk and mucho upside reward.—Al Originally Posted by TedWeir We all know it's going to happen. We all know why, mostly. We just don't know when and because a watched pot never boils it has become particlarly painful to watch and wait. Well the waiting looks like it's over. Time to play. =) So find your favorite little junior gold stocks and start thinking about building that sand castle... keeping an eye out for the beach bully—because he will be back to try and make us all fearful, again. G Top Junior Gold Mining Stocks Gained 28% Jun 28, 2012 (ACCESSWIRE-TNW via COMTEX) -- TORONTO, Canada: In tracking the small cap stock universe for Wednesday, June 27, 2012, Ubika Research found that the top 10 small cap stock gainers from each of the listed sectors performed as follows: Metals & Mining stocks: +24% ...
Originally Posted by TedWeir Bill Gross just put out a warning in the form of an investment in QE3. The past QEs have been very good for gold. So gold bears would do well to pay heed. G This guy has placed a $133 billion bet QE3 is going to happen Frik Els | April 20, 2012 After failing to scale the psychologically important $1,800 an ounce bar at the end of February, gold has taken a few hard knocks on the way to its current trading level of around $1,650. The spikes downward have all been thanks to Ben Bernanke and the US Federal Reserve and the fortunes of the precious metal seem increasingly linked to monetary policy in the US. At the start of April for instance gold dropped some $60 an ounce in a single session when Fed minutes appeared to indicate a third round of so-called quantitative easing was off the table and its policy of zero interest rates may be coming ...
Originally Posted by TedWeir New Carolin Gold Corp. (TSXV – LAD, US -MDULF) today announced "...that it has assumed responsibility for the reclamation and environmental protection security that forms part of the mine permit(s) referred to in the Purchase and Sale Agreement concluded with Century Mining Corporation (see press release July 12, 2011). The Company issued a C$200,000 convertible debenture to acquire this security as announced in a press release on September 30, 2011. The mine operations permit, M-138, for the Carolin Mine site also includes the permitted tailings impoundment. NCGC's ownership and responsibility for these assets is a major step towards the re-development of the Carolin Mine. NCGC will be updating former site operational permits (e.g. diesel, air emissions, effluent, refuge disposal, explosives) when required, with the intent of putting the mine back into production...." Read full release here
Originally Posted by TedWeir Is the sell off in gold and silver an early warning that we are in for another big market crash? Europe is way under water especially if you see that heir debt is 300% of GDP and the French and Germans and ECB buying up the bond vigilante's black-mail cannot go on forever. Maybe it's time for them to take the medicine! All the 'funny-stuff' by central banks etc is really only designed to keep them and their friends—the people who created and benefited from the financial 'malfeasance' in my opinion—at the top of the financial world. This top 1% of the world are quickly becoming the only ones who will suffer as their actions have already trashed most people's savings—so let the hounds of financial-h3ll turn back and attack their masters The mess is getting worse not better IMO—anyone have an opinion on this?
This is —Good News! Check out this chart guys... I found this on Goldbggr check him out.
Originally Posted by Al Smith Keep an eye on bear-think and a clear idea (constantly forming) of what the true state of the world is on both a good day and on a bad day—buy for one and trade for the other. — Al Big Trouble Brewing I do not toss around the idea of a market crash lightly. If you've been following me long enough, you know that only in very rare instances do I issue a cautionary Alert (I've only issued four since my website launched in 2008), and I am generally not given to hyperbole. Let's be clear: I'm not issuing an Alert at this time. But I am concerned that a materially adverse disruption to the financial markets is increasingly likely in the near future. Perhaps a definition will be helpful as we begin. A 'market crash' is an event where there are no bids to meet a wall of selling. The actual amount of the percentage decline is less important to note than the amount of chaos, or loss of control, that a given market experiences. Some like to say that a market ...
Originally Posted by Al Smith 07 October 2011 - 13H59 from france24.com AFP - The head of the world's biggest food company Nestle said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries. "The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview. "We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level. "If you live in a developing country and spend 80 percent of your income on food then of course you are going to feel it more than here (in Europe) where it is maybe eight percent." In 2008, the price of cereals reached historic levels, provoking a food crisis and riots in a number of African countries, as well as in Haiti and the Philippines. In September the UN food ...
Originally Posted by Al Smith Manipulation, manipulation, manipulation... repost from: tfmetalsreport.com Disconnect (updated) Wednesday, October 5, 2011 at 10:30 pm Though the market for paper silver continues to be manipulated and schemed to the advantage of JPM and the other bullion banks, the market for physical silver continues to rapidly increase with each subsequent price decline. The message that the physical market is giving to The Cartel is clear: You may still win the occasional battle but, in the end, you are going to lose the war. In what may seem a contradiction, The Evil Empire should be grateful for the position limits written into law by the legislation known as The Dodd-Frank Wall Street Reform and Consumer Protection Act. Though the CFTC has continually delayed imposition of the law, time is rapidly approaching where they will be forced to act. And, for the future solvency of the banks, not a moment too soon. For it has become abundantly clear ...
Originally Posted by Al Smith Put 30 percent in gold and silver coins and 70 percent in gold silver stocks reposted from: Gold & Silver Forecast Bob Chapman : my recommendation is 30 percent in Gold and Silver coins split evenly , and I would generally stick to bullion coins in both.... with the shares at 70 percent , why ? because historically they have far far outperformed coins , to me coins are for a different thing and I got a lots of them , for emergencies and that sort of things , in the worse of the depression gold and silver shares went up over 500 percent the DOW dropped 90 percent and yes the price of gold doubled but did not go up 500 percent , during the inflation of 70-71 they went up forty times more on average than the price of Gold , I am not saying that will happen again but they will the shares will outperform Source
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