It was clear from the get go that tonight's debate was going to be different. Obama and Romney went at each other early and often about many topics that are on the voters minds. We would love to hear your thoughts on tonight's debate along with your vote on the poll below.
Loading ...Please vote and leave us a comment.
Every Success,
Jeremy
The Gold Report: When we last spoke in February, you were predicting a new round of quantitative easing (QE), which we've been seeing the last few weeks. Where do you think this is all going to end up?
Greg McCoach: The latest QE3 is open-ended, allowing the Federal Reserve to create money every month, indefinitely. QE3 was announced just a few weeks ago and already there is talk about QE4. So, in my opinion, this is the death spiral of the U.S. dollar.
The same thing is going on in Europe and Japan. It's very troubling and, in my opinion, totally unsustainable. But, trying to predict a timeline for the ultimate demise is almost impossible. This stuff could last another couple of years. Adding in the derivative problems on top of all this debt, it's just sheer insanity. So, where is gold going? It's going way higher because this is the ultimate dynamic that will guide the investment world for the coming years.
TGR: Is there any realistic solution, or are they just getting us deeper into the hole, and ultimately everything is just going to cave in on top of us?
"At some point I know gold and silver prices are going to go way higher than where they are now."
GM: The days of being able to fix this are long past. I had a chance conversation with a U.S. senator and, when I asked him about the debts and deficit spending, he admitted that everybody in Washington and New York knows that there's no possible way to pay this back. So, essentially all the politicians are hoping it doesn't blow up on their watch. Continue reading "When Greg McCoach Picks Mining Stocks, It's Location, Location, Location"
November crude oil was slightly higher overnight as it extends the trading range of the past four days. Stochastics and the RSI remain neutral to bullish hinting that a short-term low might be in or is near. Closes above last Wednesday's high crossing at 93.66 are needed to confirm that a short-term low has been posted. If November renews the decline off September's high, the 62% retracement level of the June-September rally crossing at 87.19 is the next downside target. First resistance is last Wednesday's high crossing at 93.66. Second resistance is the reaction high crossing at 98.60. First support is the 62% retracement level of the June-September rally crossing at 87.19. Second support is the 75% retracement level of the June-September rally crossing at 84.29. Continue reading "Morning Energy Commentary"
Each week Lo
ngleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
Weekly Gold Report (October 15 through October 19)
I stand corrected and I do not mind admitting it. The past few weeks, I have been suggesting that December Gold would see short dips being bought and would likely rally through $1800 an ounce in the near future. We begin this week trading below $1750 an ounce and I am somewhat surprised. While today’s low is seen as a decent support level off of the September 26th price, I am still left questioning whether Gold’s hangover will continue.
Normally I try to fill this report with a review of last week’s fundamentals to explain the trade, but I will spare you the boredom. Here is a “Cliff’s Notes” version of the reports and action last week from the United States, Europe, and China. In the United States, the idea of QE3 (printing US Dollars and purchasing debt) has now officially faded as most markets have corrected the move up. On top of that, the huge Michigan Consumer Confidence number only resulted in a thirty second rally, followed by a selloff to finish the week. In Europe, there is one thing only to report. That is that for the sixth week straight, the market continues to worry about whether or not Spain will request a bailout and allow the ECB to buy Spanish debt and reduce borrowing costs. Thankfully, none of the traders that I know are holding their breath waiting for a final answer from Spain. And in China, the reports continue to be one question mark after the next. So what are we left with? We are left trading technicals in lighter volume that are still driven by HFT programs. I believe that if we do not hear about a formal request for a bailout from Spain soon, that we may have to wait until after the US Presidential Elections before the market environment changes. Continue reading "Gold Chart of the Week"
The Life Sciences Report: At Casey Research's "Navigating the Politicized Economy" summit, you talked about the difference between the speed of science and the speed of technology, and how quickly the time to market and cost of products in the life sciences space is decreasing. Can you provide some examples?
Alex Daley: Many technologies, like the touch-screen tablets and smartphones that now dominate the market, seem to come out of nowhere, perpetuating the myth of technology as almost magical. But you only have to look as far as the as-yet-unfulfilled promises of recent years to see the slow development curve that leads to explosive growth. This has been most noticeable in the advent of genetic medicine.
We all remember the sequencing of the human genome as a scientific milestone. Announced in 2000, just at the turn of the millennium, it was followed by much media fanfare about the dawn of genetic medicine. Every untreatable disease was going to be cured. Every person was going to receive medicine tailored to his or her unique makeup. Continue reading "Casey Analyst Forecasts Explosive Biotech Growth"
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
