RE:RE:gold to hit 1700 before year end
I totally agree that Mr Edward Snowdon is a HERO to freespeechers every where. The fact that the uber righteous USA spied on allies ,even tapping the German Chancellor's phone since 2002 speaks to me that the axis of evil begins in Alaska and ends in Florida.
Mark my words. The rest of the world will DROP
the notion of the US dollar as reserve currency in light of this spy scandal. This behaviour by the USA is nothing short of reprehensible and I have chosen not to travel to the USA until the Canadian dollar is at least 15 % higher than the US greenback now known in currency terms as the spybot.
I watched Squawk Box on CNBC this morning and watched Joe Kernan aka ( the kernel, because of the sizeof his miniscule brain) talk about how Angela Merkel is feigning deep indignation, perhaps the French also. The other minion Sorkin chimed in and Becky Quick offerred an opinion but once again Becky is never heard' shes just there to be seen for the glorious eye candy she is !!!!! The fact that CNBC is trying to downplay this ,while at the same time there has been a quiet revolution into gold, aluminum, metals and materials tells me that the US dollar is about to be gangbanged by Europe, China, Canada ( I hope ) and the developing world .
As mentioned before the market never tells u when the bottom is, only VPO can be trusted for his skill in timing the market and analyzing the politics, and sifting thru the spin of the mainstream media.
I look for metals to climb albeit stealthily so as not to show up in trading algos so that the retailers arent clued in until the rise is meteoric. There has been a shift lately out of the garbage high fliers into precious metals, mining, manufacturing, energy and materials.When Goldman upgrades gold to 1500 then get in because it will go alot higher than that.
It should also be noted that these stocks typically are perceived as laggards or dullards or even slow moving. Look at the rise of AA this month off the bottom. The surest sign was when Deustche Bank downgraded Alcoa to SELL 3 weeks before earnings with a 5 dollar target. At the same time Goldman was prreaching 1050 gold. Goldman Sachs is never your freind. Remember Lloyd Blankfein says they are doing " God's work " !! I never knew God was interested in Goldman advising the Greek government how to live on a credit card for generations . The end game was that Goldman made a killing on the Greek crash by doing what it often does. It advises clients on long untenable positions while ruthlessly shorting on the other side of the trade.
VPO encourages all other Canadians to follow his lead. That same lead is what Goldman is doing now in REALITY, not the position it states to CNBC. Go long gold, silver, copper, metals, oil, gas, emerging markets. Short American regional banks, high fliers, and all US equities that derive most of their business 60 to 70 % in the USA!!!!!1
I dont care if China spies on me , I'd rather they spy on me than the USA because at least China pays a fair market price and decent premiums on any take over assets.In other words the villain wrestler is easier to understand than the fan favorite who is really a villain.