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Scotto
New Member
USA
11 Posts |
 Posted - 08/13/2010 : 14:36:21
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Is anybody familiar with this indicator? If the market does dive, won't spot gold prices follow in the short term?
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/13/2010 : 14:37:43
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| Haha, spot and physical prices are very different. I remember when gold went to 800 and couldn't buy an oz below 1k. Same with silver. |
Trolling is an art. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/13/2010 : 14:49:10
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/14/2010 : 21:17:12
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quote:
Originally posted by Scotto
Is anybody familiar with this indicator? If the market does dive, won't spot gold prices follow in the short term?
I'm not familiar with the indicator but to answer your question, yes IMHO, gold (silver even more so) prices would dive at least for the short term. |
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Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/15/2010 : 21:30:06
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With the outlook for the US economy beginning to sour, there are growing fears that we could be on the cusp of a sharp decline in US share markets. These worries have been heightened by last Thursday’s appearance of the “Hindenburg Omen”.
This Omen – named after the ill-fated German airship that became engulfed in a spectacular blaze as it tried to land in New Jersey in 1937 – is a technical indicator. For the omen to be activated, the market must fit a number of criteria, including that 2.5 per cent of stocks traded on the New York Stock Exchange must be hitting new 52-week highs, while the same proportion hit 52-week lows. The Omen is particularly feared because it predicts market crashes, rather than simply market declines.
The Wall Street Journal contacted Jim Miekka, a blind mathematician responsible for inventing the Omen, who confirmed that his indicator was predicting a market meltdown in September. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 08/15/2010 : 21:51:40
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This absolutely socks.  Right when we go into the traditionally strongest period of the year... our PM's might get pulled down in tandem with the general stock market again???  Jeeez, if I buy this, then it means I need to back out of some winning trades while I still have a profit, during months when they could run much higher if it weren't for the general market malaise and precipitate fears. Do you really think the plunge protection team would let this happen? |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/16/2010 : 08:28:23
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| It was inevitable, sooner or later. |
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Edited by - fb101 on 08/16/2010 08:28:59 |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/24/2010 : 19:26:20
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Uh oh....
You must be logged in to see this link. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 08/24/2010 : 21:29:47
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| Whenever the market does double dip, load up on stocks. They will be cheaper. If my capital wasn't tied up behind my back, I would buy stocks. DOW 6000! |
Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 08/25/2010 : 09:32:56
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| Things are going to get nasty very quickly the way I see it. The past few weeks I have exited a majority of my stock holdings. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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stateofmind
Penny Pincher Member
143 Posts |
Posted - 08/25/2010 : 19:14:09
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Lovin' those house sales numbers!
Train wreck unfolding in front of our eyes?
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Check out our new site, RealCent.org!
"There are people who are very resourceful, at being remorseful, and who apparently feel that the best way to make friends is to do something terrible and then make amends."
-Ogden Nash |
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Hindenberg Omen?
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