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2012 WWE Royal Rumble Live-Blog

2012-01-29T00:51:00.000-07:00

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Silver ratio charts (28 January 2012)

2012-01-28T00:56:00.000-07:00

The gold/silver ratio broke down in favor of silver. I have a specific initial target of 2166 (gold) and 69 (silver) in mind. Is it possible that they will go beyond those prices this year? Yes, it is. Why silver is initially going to at least 69: Silver to DJIA ratio: Finally I want to look at the relationship between silver and Silver Wheaton (SLW). It revolves around the neckline of the

Silver is poised for fantastic gains

2012-01-26T14:06:00.000-07:00

My previous concerns that gold could drop as low as 1275 and silver to 17 were based on the idea that the market could irrationally panic amid 'deflation' concerns. At no point did I say that gold and silver should drop to those prices, nor did I say that the deflation concerns were justified. Bernanke finally satisfied the market yesterday. While he did not announce QE3, he basically extended

One-minute silver chart

2012-01-25T10:44:00.001-07:00

Silver gained 3% in nine minutes and gapped up 30 cents in the middle of the day. Disclosure: Long physical gold/silver. Loading...

Gold will probably top at 1680 and get smashed down again

2012-01-11T12:10:00.001-07:00

Options expiration is on 26 January, and gold usually gets smashed down before then. Chinese New Year begins on 23 January, and so they won't be around to buy. Finally, the FOMC is on 25 January, and they will likely disappoint the market again. Gold and silver should continue to rally until the end of this week or Tuesday next week. Gold should hit 1680 and silver should get to about 31.50.

Charts (8 January 2012)

2012-01-08T23:12:00.000-07:00

Gold Gold 2006 Silver HUI US Dollar Euro Oil Dow Jones Disclosure: Long physical gold/silver.

Solution to the trolley problem

2012-01-07T14:13:00.000-07:00

I have a totally worthless philosophy degree. But it isn't the pursuit of philosophy that's worthless. When philosophy is done properly, it is perhaps the most important element of education. What is worthless is the writings of most philosophers. Ethics is a branch of philosophy that has some particularly terrible viewpoints. Ethics isn't too different from political philosophy: it consists

Gold now looks more like 2006 than 2008

2012-01-02T22:54:00.001-07:00

It's possible that we will never see prices as low as 1523 and 26.14 in gold and silver again. I believe that they will spend 2012 moving back toward their all-time highs, and then in 2013-2016 they will start making huge moves upward. If they do fall from here for whatever reason, the first target would be 1480 and 24. Below there, look out for 1250 and 17. But I now consider those prices

Gold and silver either explode or crash from here

2012-01-01T00:01:00.000-07:00

Gold, silver, and the HUI are near the bottom of their long-term trendlines. They are still within them, for now. Within the next month, it seems likely that gold will rally back to 1680 and silver to 31. Important dates to watch are 25 January 2012 and 13 March 2012, because those are the next Federal Open Market Committee meeting dates. The market treats the Federal Reserve's quantitative

Where might silver bottom?

2011-12-28T14:59:00.000-07:00

Don't bother asking why silver dropped 7.4% in one day on no volume and no news. The answer is always 'technicals,' 'correlation algorithms,' or 'US bankers.' For now I think that 24-25 will be very strong support if silver falls that far, based on the following five charts. Also the COTs are very bullish; JPM isn't adding new shorts. Gold and silver are both oversold on the RSI right now.

Detailed silver chart

2011-12-26T22:26:00.000-07:00

Silver should have good support at 25-26 if it falls there again. I'm not sure that it will considering how much effort it took to drive gold prices down so hard. Also in favor of silver is the COT report that hasn't been this bullish since silver bottomed at US$4.34 in 2003! Yes, that means the COT is even more bullish than it was in October 2008. But, be warned that it can go even lower. If

Five predictions for 2012

2011-12-26T18:13:00.002-07:00

Here we go again. Let's review last year's predictions. 1. ECONOMICS: Silver will end the year above US$40. Minimum. L, 0-1. At the start of the year, gold was 1421 and silver was 30.94. Today gold is 1600 and silver is 29. The end. 2. POLITICS: The year of the police state. W, 1-1. Oh how unfortunately true this one is. Please review my article about how America became a police state. My

Silver cup-and-handle fractals

2011-12-24T22:29:00.000-07:00

Silver has gone parabolic before. I'm not talking about 1980. Nor am I talking about 2010-2011. Take a look at my silvermania chart again: I said that it contained four cup-and-handle patterns within each other. Let's look at the charts. We'll start with the parabolic moves. 2004: 2006: 2008: 2011: Yes, all of these charts look almost exactly the same. The prices always went parabolic when

Dow Jones Fractal

2011-12-23T10:34:00.000-07:00

The Silvermania Chart

2011-12-20T11:35:00.000-07:00

All of my previous arguments in support of silver have been fundamental in nature. There will be hyperinflation, sovereign debt cannot be repaid, industrial and investor silver demand is soaring, physical supply is diminishing rapidly, SLV is a fraud, mining is increasingly difficult, and a COMEX default is likely. But I have not presented a technical argument in favor of silver. Until now. I

Now fearing the worst

2011-12-18T19:28:00.000-07:00

There are just too many indications that we're now in WAVE 4 DOWN of the bull market. What put me over the top was this chart: Further analysis leads to the conclusion that we're at the deflation scare. 2012 might start very badly. Using technical targets and the 2008 model, I believe gold will bottom in the 1250 support area by February or March 2012. That would also, coincidentally, mirror

Gonzalo Lira hates your freedoms

2011-12-17T23:58:00.000-07:00

Chile bitchez I actually like Gonzalo Lira. We're similar. He's a philosopher and a hyperinflationist. If I didn't respect him I'd just ignore him. But this 2700-word argument against why homosexuals "shouldn't be allowed to marry" is silly. I know he's not "anti-gay," I just think it's a stupid argument. I'll summarize his points. -"Homosexuals should not receive certain privileges that

The ominous HUI broadening top

2011-12-17T13:18:00.000-07:00

Take a look at the major top that the HUI formed in 2007-2008: Now take a look at the HUI chart in 2010-2011: I think that a bounce up to the 561 level might be the last chance, for the intermediate term, for longs to get out of gold and silver mining stocks. It also would present a possibly fantastic opportunity to short mining stocks with DUST. A broadening formation (also called the jaws

Gold fractals, part II

2011-12-16T23:25:00.000-07:00

Let's take a look at the gold chart: Hey, that's the gold chart from 2009. Remember that? People were calling that move the parabolic blow-off and the end of the gold bull market. Gold was wildly overbought. It made a 20% gain to 1227 in 25 trading days. The ensuing sell-off took it back near its previous high (1075) and then, after the B-wave up, the C-wave down settled near a complete

Gold has triple support near 1620

2011-12-13T21:40:00.000-07:00

It was another bad day for gold as it completes its C-wave down, and the market responded exactly as expected when the Fed again did not deliver more QE heroin. I didn't want to be short overnight because I figured gold would find good (if temporary) support at the 200 DMA in the 1615 area. I was a bit curious, though, as to why gold made a double bottom at 1622. I then noticed that when you

Everybody panic again

2011-12-12T23:37:00.000-07:00

They're all on the edge of the cliff now. USD Euro Gold Silver HUI There are three possibilities here: 1. It's all not really a big deal. The banks are just trying to trigger as many gold stops as they can. Maybe gold holds in the 1600s and that's it. Then it starts the move back up. 2. The Fed announces nothing of significance tomorrow, and it triggers another sell-off like we saw in

The Precious Metals Symmetrical Triangles

2011-12-12T09:05:00.000-07:00

In a symmetrical triangle pattern, two lines are converging toward each other, with the price range narrowing. This pattern occurs when the market is uncertain about the future direction of the product. It is certainly understandable why the market is uncertain, in the short term, about the future of precious metals. The market rushes to sell whenever it appears that central banks (especially the

Gold fractals

2011-12-08T11:16:00.001-07:00

It looks like the same old game we've seen before. A parabolic gold move up. Western banks sell gold to stop it. It turns into a symmetrical triangle to keep it from breaking out upside. The triangle breaks down and makes a lower low. Then it starts rising again. Notice where gold was about a year later on both charts. We're just witnessing gold's transfer from the West to the East (and the

New stock plan

2011-12-05T20:34:00.001-07:00

I tend to have trouble narrowing down which stocks I want to buy and what tactics I want to use. I've formulated this plan. 1. One-third investing in Royal Gold (RGLD). It's my favorite gold company, because they are a royalty/streaming company instead of direct miner, similar to Franco-Nevada (FNV) and Silver Wheaton (SLW). They also pay a dividend with 0.76% yield. (Next quarterly date is 6

I love Tim Tebow

2011-12-05T09:29:00.001-07:00

Why do I love Tim Tebow? Let's start with Tebow as a person. Tebow is genuinely the sweetest person in the world. I despise when people fake kindness. When they're faking, they're doing it for social approval or because they expect something in return. With Tebow, you can tell that he's doing it solely because it is what he wants to do. Continuing that thought, Tebow is, like all charismatic

NCAA conference realignment that would make sense geographically

2011-11-27T09:57:00.001-07:00

Conference realignment interests me because it's more fun than any other logic puzzle. In this chart, I attempt to properly place schools by geography while also maintaining rivalries and competitive balance. It works out perfectly. Someone send this image to the NCAA or ABC, please. To see the actual realignment chart, see the updated conference realignment post. Loading... Loading... Loading.

2011 NFL victories over/under

2011-08-22T21:17:00.000-07:00

2010: 17-15 2009: 18-14 It is time for the annual NFL team regular season over/under betting. Now I know that you win football games by having a QB and defense. Maybe it will help me go 32-0. 1. Arizona Cardinals (6.5) - Over. Kolb should be waaaay better than the QBs they had last season. 2. Atlanta Falcons (10.5) - Over. One of the NFC's best teams. 3. Baltimore Ravens (10.5) - Over. Until

Gold Rage

2011-08-22T19:42:00.001-07:00

For @mcassano: Disclosure: Long physical gold/silver; long AGQ. Loading... Loading...

Cromartie Silver Weekly #5: Silver and Austrian Economics

2011-05-14T15:11:00.004-07:00

Before I get to silver, I'd like to share some thoughts about picking stocks. Most Americans seem to fall into one of three types of buyers. The first type of buyer is the obedient patriot. These people do whatever the government-bank-media unholy trinity wants them to do. It's a real-life example of the Milgram experiment in action. The authorities are criminal psychopaths, and the people are

Understanding anarcho-capitalism

2011-05-09T12:40:00.004-07:00

I went to a philosophy group meetup in Tempe last week. Suddenly, I find myself leading the next discussion after I suggested that we talk about politics and economics. I've mashed together the following speech by drawing from the works of Mises, Rothbard, Chodorov, and Tannehill. Feedback is welcome. MONEY What is money? Money is a commodity. Money must be durable, divisible, consistent,

Cromartie Silver Weekly #4: The silver trolls crawl out

2011-05-07T20:35:00.003-07:00

Let's talk about another eventful week in silver. I fully expected a correction. The question was how deep it would be. I expected US$40 as a floor and US$37 as a possibility. US$33 would almost be a panic. But, I underestimated JP Morgan. They went all out this time, triggering automated sales, and they splattered a lot of blood. They successfully cleaned out just about everyone who could be

Xavier Cromartie Emotion Chart (30 Day)

2011-05-06T09:12:00.000-07:00

Made with ChartGo and GIMP. Loading...

Mass-Murderer Murdered by Mass-Murderer

2011-05-03T10:29:00.001-07:00

Before reading this article, I suggest that you read Doug Casey's "Waiting for WW III" essay about Islam. Usama bin Laden was a horrible person. He murdered thousands of innocent people around the world. He attempted to coercively force Sharia law on other people. I do not object to death as a punishment for his crimes. However, it is not up to me to decide what his punishment is. I am not a

Cromartie Silver Weekly #3: The silver price is about to make a sharp move... upward.

2011-04-30T13:18:00.002-07:00

How can I possibly say that silver is going upward further? "Silver has clearly gone parabolic," most people are thinking. Indeed it has. Since mid-March, silver has gone almost straight up from US$35/oz to US$49/oz. US$50 is a clear psychological barrier. Why not expect a major correction? Because silver is like a basketball that has been held underwater for 25 years. But JP Morgan and the