Buy Gold $1191.50, Currently at $1207.60 for a gain of 1.3%
October is said to be the most frightening of all months, not just for costumes and Halloween, fear fest, etc. October is frightening most of all for traders, this is the month when the market has crashed in the past, including in 1927, 1987 and 2008. It’s no secret that this time of year is a tricky one (no pun intended), many past reports show even with the decline of S&P and large-cap index companies, it also shows October to be one of the best performing with returns at 10.9%. Personally, I don’t see the month having as much to do with the fear in the market as what is taking place in the geopolitical and global economic realm.
I feel
redundant saying it again, but now that the economic data is out, I can finally
stop preaching about how the dollar is weak. The previous reports were wrong, the
USD along with our economy is on the brink of collapse. Many people have lost
so much faith and respect in the USD, that eventually they will turn to a greater
currency. Could Harry Dent be accurate when he invested in Australia the way
he has, will that be the better economy to live and invest in? Keynesian
economics is dead and gone, now if they could print out deeds, we would at
least have some collateral instead of just a mountain of debt. Even then, we
would be entrapped in mortgages. There really is no room for growth at this
point, we as a nation are tapped out due to the depletion of cheap energy, and
an array of greedy puppet masters fueling the people and the market with
blatant lies.
QE isn’t going to end just yet, not
with the negative interest rates in the Euro and its uncertainty with investors,
not to mention the bail-outs. The USD is only the lesser in all the evils, not
truly a safe haven for foreign investors, it is just has the illusion it is.
The capital we had from the colonial era is gone and we have piggybacked on
societies’ that had our “new” technologies and ideas. With the huge entitlement
outlays to fund, the U.S.
will have to keep borrowing and printing, creating more and more debt.
Maybe I could have been spot on
with my prediction that the manipulated rise of the dollar was to bring down
the price in gold. It would be interesting to see how much bullion JP Morgan is
hoarding along with the other owners of the economy. With the “revised” corrected
data out on the housing and economics of the U.S, I am shocked to see just a
small change in PM’s I would have thought that gold would be skyrocketing with
the information released.
Did I mention the COMEX
manipulation? Let’s touch a little on that, traders are to believe that
technical analysis and PMs is totally out. It’s not, just learn from the
manipulators, they know what traders will do. It’s like getting into the mind
of the puppet masters, Central Banks, the FED, etc. Volatility in the market is
high in October with record fluctuations happening even higher. Singapore’s
holiday and the Chinese market being closed for a week have affected the slow
rise in PMs, however when it opens Wednesday and the new SGE reports come in,
my prediction in gold skyrocketing has just begun.
"All the perplexities, confusion and
distresses in America arise not from defects in the constitution…, as much from
downright ignorance of the nature of coin, credit, and circulation" —
John Adams, August 25, 1787.
