Gold Price in a Parabolic Rise, and no Telling Where it will Stop

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DG365FD46564GFH654FU898 Gold Price Close Today : 1781.30 Change : 41.30 or 2.4% Silver Price Close Today : 39.325 Change : 1.448 or 3.8% Gold Silver Ratio Today : 45.30 Change : -0.641 or -1.4% Silver Gold Ratio Today : 0.02208 Change : 0.000308 or 1.4% Platinum Price Close Today : 1766.80 Change : 14.30 or 0.8% Palladium Price Close Today : 725.95 Change : -1.80 or -0.2% S&P 500 : 1,120.76 Change : -51.77 or -4.4% Dow In GOLD$ : $124.40 Change : $ (9.12) or -6.8% Dow in GOLD oz : 6.018 Change : -0.441 or -6.8% Dow in SILVER oz : 272.60 Change : -24.15 or -8.1% Dow Industrial : 10,719.94 Change : -519.83 or -4.6% US Dollar Index : 74.64 Change : 0.030 or 0.0% For those who say to me, “Well, why buy gold or silver? The government manipulates those markets.” today offered a lesson exactly how much good manipulation does. I doubt not that the Nice Government Men saw their opportunity after yesterday’s FOMC statement to catch a bunch of people short stocks and the Plunge Protection Team dove in. They did, and the Dow ended up 429.92, 3.98%. Wow. And today the Dow lost 519.83 or 4.62% to close at 10,719.94. S&P500 did no better, losing 51.77 (4.4%) to 1,120.76. ‘Tis possible to manipulate markets, but only at the margin and only for a short time. Otherwise, markets are simply too big to be forced against their primary trend. The trend will always wreak its vengeance. Stocks have now reached support that stretches back to January 2010. The area from 9600 to 10,700 might stop the fall, but then again, it might not. This is the last train out for anyone holding stocks. You sell now, or watch them wither gruesomely over the next 5 years. Stocks: they are the Vitamin D of Investment Vitamins, and the D stands for “deficiency.” US DOLLAR INDEX caught today, rose 3 silly basis points to 74.635. Euro fell 1.36% to 1.4175, while for no apparent cause today a couple of rating agencies declared that France’s credit rating was still AAA. Soooo, why did you need to tell us that nothing had changed, unless somebody is suspecting that something has changed? Yen rose today to 130.10c/Y100 (Y76.8/$). The Gold Price rose 2.4% today, up $41.30 to $1,781.30. In the aftermarket it has risen another $20 to $1,801. Yep, it’s in a parabolic rise, and, yep, no telling where it will stop. Nothing in today’s chart even hints that gold’s about to call a halt. It wants to go higher tomorrow. The Silver Price climbed up off yesterday 3700c bottom and never looked back. Should also climb again tomorrow. Lost 149.7c yesterday, gained 144.8c today to close Comex at 3932.5. Maybe, maybe Friday’s 3750c and yesterdays 3700c formed a double bottom? To me silver appears to have more downside. Hard above at 3970c lies its 20 day moving average. How will it act there tomorrow? The Silver Price has done nothing to gainsay or negate the downtrend begun five days ago, and must climb above 4229c to do so. The economy and monetary system has reached a new stage of decay where its condition deteriorates faster and faster. Not world wide panic yet, but daily unthinkable milestones whiz by and are left behind: Greece defaults, US debt ceiling crisis, US debt downgrade, gold passes $1,700 then $1,800, stock market falls 500+ points a day. Oh, this will ease off, but the decay has ratcheted to a higher, faster level. Y’all ought to remember that for a long time you can see bad things coming on the horizon, but they seem to linger there. Oh, you know they’re coming, but you’ve got plenty of time. Then one day the fellow in the high-top boots and peaked cap comes to arrest YOU. As I said, only way I know to stay out of bar fights is to leave the bar before the fights start. Argentum et aurum comparenda sunt — – Gold and silver must be bought. – Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down. Whenever I write “Stay out of stocks” readers inevitably ask, “Do you mean precious metals mining stocks, too?” No, I don’t. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don’t intend them for that or write them with that outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

Gold Prices Silver Prices Today; Todays Gold Price Per Ounce Spot Gold Price Per Gram; DJIA Index DJX Data; Spot Silver Per Ounce

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dow2664 Stocks sunk lower once again today. It has been a choppy roller coaster ride this week in the marketplace as trends have traveled through peaks and valleys. Stocks were on the mend yesterday after the Feds announced news that they would keep interest rates at relative lows through 2013. The major indices responded positively and investors on Wall Street breathed a sigh of relief. The DJIA dropped over 600 points on Monday only to rebound by over 400 yesterday. Today, negative trending has taken hold once again. Investor worries relate primarily to the recent credit downgrade the U.S. received as well as the continuation of debt problems in Europe. Today, the Dow dropped significantly again and at one point was off by almost 500 points. Yesterday seems more like an anomaly at this point. The central bank’s assessment of the U.S. economic recovery is that it will remain slow for the next couple years. The negative action today is the processing of this information in tangible form. Gold however is pushing to all time highs. Gold prices surpassed 1800 dollars per troy ounce today as the safe haven metal is attracting tons of attention lately. As close approached for the day, the DJIA was off by over 325 points and gold was climbing the ladder. Gold contract for December delivery was higher by 2.60 percent at 1788.30 per troy ounce. Spot gold price per gram was higher by 1.23 at 57.17 and spot silver price per ounce was higher by 1.38 at 39.26. Camillo Zucari

5 VIX Funds for Fear-Riddled Markets

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tdp2664 InvestorPlace No matter which side of the debt-ceiling debate you fall on, looking at the facts may be shocking. This is the first and only downgrade of U.S. debt in history, which is what likely prompted such a massive sell-off on Monday (August 8). In fact, the sell-off was one of the worst in recent memory, as the S&P 500 sank nearly 6.7% while the Nasdaq was flirting with losses of 7%. Needless to say, the past few trading sessions have seen some of the most volatile markets imaginable, as securities have endured something of a roller coaster ride. With markets in a frenzy, volatility exchange-traded notes (ETNs) and exchange-traded funds (ETFs) have been in high demand by investors and traders alike. This is because these vehicles offer exposure to the theoretical "fear" index known as the Volatility Index (CBOE: VIX ), allowing investors to directly invest in market volatility. Prior to the advent of ETFs, access to this market was limited, but now there is a wealth of options available to the average, everyday investor. With volatility ETFs sitting in the limelight, we outline five popular funds and how they have fared in the past few days of severe market instability. S&P 500 VIX Short-Term Futures ETN (NYSE: VXX ) VXX is by far the most popular volatility ETN, as it tracks short-term VIX futures. On Monday, the fund experienced an astonishing volume of 102 million shares traded, as compared to its average daily volume of just 31 million. Last Thursday, during our first major sell-off, VXX jumped 20% along with shooting up nearly 15% on Monday. Bear in mind, however, that this product is still down over 40% for 2011. Daily Inverse VIX Short-Term ETN (NYSE: XIV ) This ETN is simply the inverse counterpart to VXX and has turned in quite a different performance over the past few days. XIV had been one of the top performing exchange-traded products (ETPs) of 2011 until recent weeks, which saw shattering trading sessions, with a one-week return of -26.7%, pushing the fund down to a year-to-date (YTD) return of -2%. Thursday saw XIV plummet by 19.4%, and Monday produced losses of 14.6%, while its average volume was increased six-fold during Monday's session. C-Tracks ETN Citi Volatility Index Total Return (NYSE: CVOL ) CVOL treats volatility a bit differently, as it tracks implied volatility. So far in 2011, this product is down an abysmal 38.8%, but for traders patient enough to wait it out, this ETF has provided unprecedented returns in recent days. Aside from its gains of 33.4% on Monday, its four-week return comes in at 81.8%, differentiating itself from VXX and possibly making for an intriguing alternative in the volatility space. S&P 500 VIX Mid-Term Futures ETN (NYSE: VXZ ) VXZ comes from a similar family as VXX, though it tracks mid-term futures as opposed to short-term, giving it a very different risk/return spectrum. This ETF brings in tamer returns, as it "only" jumped 8.4% on Monday. However, the fund also has a much better longer-term performance: VXZ is down 18% on the year but is up 13.6% over the past four weeks. This fund is less popular than its fellow volatility products, as it averages about 850,000 shares exchanged daily, making it less liquid than the major players like VXX and XIV, but possibly a fund that is less impacted by adverse conditions such as "contango." Daily 2x VIX Short-Term ETN (NYSE: TVIX ) As if measuring volatility was not enough, TVIX puts 2x leverage on short-term VIX contracts, making it one of the most volatile ETFs available on the entire market. On Thursday, this fund shot up 40% and has posted a jaw-dropping return of 105% over the last two weeks, making TVIX the official volatility winner for the last few dismal trading sessions and a potential favorite for investors seeking to bet on further volatility. This article originally appeared on MoneyShow.com and was written by Jared Cummans of ETFdb.com .

Analyst Actions on Chinese Stocks: BORN, CHA, CHDX, CHL, CHU, April 29, 2011, HNP, HOGS … (Aug 10, 2011)

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tdp2664 China Analyst Below are the latest

Thursday August 11, 2011

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tdp2664 Penny Stock Live What a day! Let’s keep our eye on futures because one thing is for certain, there is a lot of money to be made when this market turns. Today I tried to position adding SIRI, CBOU and more BAC when the market started to rally from down 400 to down 180 but clearly I jumped in too soon. Here are my thoughts about the stocks seen in my portfolio – keep in mind it’s on a 20 minute delay and won’t use AH or PM information. GLUU was rocking and rolling until the market got slammed and then it dropped. I feel good about my position and will hold GLUU without consideration unless it breaks $3.00 at which point it’ll get my attention. Long term hold. OXGN was sent out as a ‘daytrade’ only with a stop of $1.55. I kept my shares because I had a tiny position. I just added 1k shares at $1.30 after the posted earnings AH. I was bidding another 1k at $1.10 but there weren’t enough panic traders to sell me shares down there. Very little response to earnings tells me this is what everyone expected. The bid was as low as $1.10 but now it’s at $1.32 and I’d imagine it’ll be higher than that tomorrow due to the tiny AH volume. Short term hold. Still waiting for GRHU to pick up and I’m feeling good about my position at $.81. This stock has a tiny market cap under $20 million and can fly when it gets volume, hopefully this is support. Short term hold. BAC is a mess, plain and simple but I think this one is capable of paying big over the long term which is why I’ve loaded up. I don’t plan on letting it get out of control but if this is support I’ve picked a pretty good average. When the market turns I think we’ll see a lot of buyers in this space so I’m gunning for $1-2 per share to make up my loss on BERX. Long term hold. Despite the markets getting hammered, CBOU has remained toppy. This tells me there aren’t many sellers scared at these levels so I jumped in today long. I’ll keep a tight leash on CBOU because it does have a tiny market cap and I don’t want to see it fall apart on me. The breakout key was $16.25 today and it was able to do that so provided it climbs I’ll gun for $20 on this one. Long term hold. SIRI is SIRI! I think $1.70 is support barring a market meltdown so my goal is $2 – $2.25 on this one long term and possibly more depending on the situation. I’ve wanted a sizable position in SIRI a number of times in the $1.70′s and missed it, I wasn’t about to let a cupcake trade get away from me again.

5 VIX Funds for Fear-Riddled Markets

No matter which side of the debt-ceiling debate you fall on, looking at the
facts may be shocking. This is the first and only downgrade of U.S. debt in
history, which is what likely prompted such a massive sell-off on Monday (August
8). In fact, the sell-off was one of the worst in recent memory, as the S&P 500
sank nearly 6.7% while the Nasdaq was flirting with losses of 7%. Needless to
say, the past few trading sessions have seen some of the most volatile markets
imaginable, as securities have endured something of a roller coaster ride. With
markets in a frenzy, volatility exchange-traded notes (ETNs) and exchange-traded
funds (ETFs) have been in high demand by investors and traders alike. This is
because these vehicles offer exposure to the theoretical "fear" index known
as the Volatility Index (CBOE: VIX ), allowing investors to directly invest in
market volatility. Prior to the advent of ETFs, access to this market was
limited, but now there is a wealth of options available to the average, everyday
investor. With volatility ETFs sitting in the limelight, we outline five popular
funds and how they have fared in the past few days of severe market instability.
S&P 500 VIX Short-Term Futures ETN (NYSE: VXX ) VXX is by far the most popular
volatility ETN, as it tracks short-term VIX futures. On Monday, the fund
experienced an astonishing volume of 102 million shares traded, as compared to
its average daily volume of just 31 million. Last Thursday, during our first
major sell-off, VXX jumped 20% along with shooting up nearly 15% on Monday. Bear
in mind, however, that this product is still down over 40% for 2011. Daily
Inverse VIX Short-Term ETN (NYSE: XIV ) This ETN is simply the inverse
counterpart to VXX and has turned in quite a different performance over the past
few days. XIV had been one of the top performing exchange-traded products (ETPs)
of 2011 until recent weeks, which saw shattering trading sessions, with a
one-week return of -26.7%, pushing the fund down to a year-to-date (YTD) return
of -2%. Thursday saw XIV plummet by 19.4%, and Monday produced losses of 14.6%,
while its average volume was increased six-fold during Monday's session.
C-Tracks ETN Citi Volatility Index Total Return (NYSE: CVOL ) CVOL treats
volatility a bit differently, as it tracks implied volatility. So far in 2011,
this product is down an abysmal 38.8%, but for traders patient enough to wait it
out, this ETF has provided unprecedented returns in recent days. Aside from its
gains of 33.4% on Monday, its four-week return comes in at 81.8%,
differentiating itself from VXX and possibly making for an intriguing
alternative in the volatility space. S&P 500 VIX Mid-Term Futures ETN (NYSE: VXZ
) VXZ comes from a similar family as VXX, though it tracks mid-term futures as
opposed to short-term, giving it a very different risk/return spectrum. This ETF
brings in tamer returns, as it "only" jumped 8.4% on Monday. However, the
fund also has a much better longer-term performance: VXZ is down 18% on the year
but is up 13.6% over the past four weeks. This fund is less popular than its
fellow volatility products, as it averages about 850,000 shares exchanged daily,
making it less liquid than the major players like VXX and XIV, but possibly a
fund that is less impacted by adverse conditions such as "contango." Daily
2x VIX Short-Term ETN (NYSE: TVIX ) As if measuring volatility was not enough,
TVIX puts 2x leverage on short-term VIX contracts, making it one of the most
volatile ETFs available on the entire market. On Thursday, this fund shot up 40%
and has posted a jaw-dropping return of 105% over the last two weeks, making
TVIX the official volatility winner for the last few dismal trading sessions and
a potential favorite for investors seeking to bet on further volatility. This
article originally appeared on MoneyShow.com and was written by Jared Cummans of
ETFdb.com .

How to Trade Fear and Uncertainty

We are experiencing three events that have fed each other, and this interaction
has turned each event into a crisis. And while each crisis is contributing to
uncertainty and sharp market declines in their own way, they have one thing in
common: They are underpinning fear and uncertainty. Europe: The European debt
crisis is going to last a long time, but daily changes in the European bond
markets and daily conclusions by analysts who can do second-grade math
understand that Europe does isn't undergoing a liquidity crisis that is
manageable, but rather a solvency crisis that is not. Europe's crisis has made
a three-fold contribution to the market selloff – headlines on political
decisiveness triggering selling, margin calls on bondholders triggering selling,
and math that says this is going to last a long time, keeping buyers out of the
market. The U.S. Debt Crisis: The political theater leading up to the fake debt
crisis solution now on the table led to the downgrade of U.S. debt by S&P, and
this, in turn, served as a trigger for the market's big selloff. The decline
itself may accelerate the ultimately fruitless discussion about fixing the
deficit and debt issue and that will lead (maybe) to automatic spending cuts and
the messiest presidential election in memory. So Uncle Sam's politicians have
contributed three things to the crisis: the short-term trigger of the debt
downgrade; six months of uncertainty with a messy political debate; and a year
or more, depending on who wins, of more uncertainty about fiscal and tax policy.
The Double-Dip Recession: I have been predicting a double dip since I thought
the official end of the last recession was only on paper. We are essentially in
one now forget the statistics that will be revised anyway. Roughly one in four
Americans would work or would work more if there was a job available. At the
current rate of defaults and foreclosures, it will take another five or six
years to clear the housing mess, stabilize prices and kick off a material
increase in home building. Fiscal stimulus is ending and we are entering a
period of contraction at all levels of government. And the growing certainty
about a double dip is keeping many investors out of the market and chasing
others away at the same time, as they're uncertain about the impact of a
slowdown on corporate profits and market multiples. What do these three crises
have in common? Where do they intersect? Fear and uncertainty – and that is
the trade of the day, the week, the month, the quarter and perhaps all of 2012.
How to play uncertainty and fear You do it the old-fashioned way – precious
metals. I am in gold, silver and cash. Oh, and the gold miners. The ETFs here
are SPDR Gold Shares (NYSE: GLD ), the iShares Silver Trust (NYSE: SLV ), and
the Market Vectors Gold Miners (NYSE: GDX ). I have been recommending this for
subscribers for a long time. And there are two ways to play it. If you want to
protect capital – always my priority – and want consistent returns, either
buy the ETFs and sell covered calls or sell puts. If you want to speculate, you
buy those calls. I do both – I have pots of capital for each focus, monthly
cash and income or speculation. When does this trade end? The inflation adjusted
previous high for gold is roughly $2.400 – a 30% increase from here. The
miners will follow as will silver. If these numbers don't do it for you, ask
yourself the question: Does the next week, month quarter and year look more or
less uncertain than the past week, month quarter or year? The answer says it
all.