muses of the moment

July 5, 2011

Latest Letter from Martin Armstrong dated July 4, 2011

Filed under: Economic Confidence Model Cycle, Gold and Silver Investing, Martin Armstrong, Precious metals — Tags: — totallygroovygirlfriday @ 12:33 pm

Click here for Martin Armstrong’s latest letter entitled The Fate of Gold and Oil dated July 4, 2011 (16 pages).

This post from zerohedge and the connected report on CFTC trading, kind of confirming what Martin said in this article. Short-term day trading can skew short term trend predictions. Therefore, be careful in short-term trading. Click here.

For instance, Martin is saying we may have a breakdown in the fall, but other gold bugs are calling for higher prices later this year. Hard to know. GG is leaning towards a higher price from her look at the market last year, but is being cautious. Buying a little physical metal each month and seeing what the 6-mo trend shapes up to be.

One thing is for sure, the shadow market will trash anything…gold, dollar, Greek debt, the entire United States, to make a buck….once everyone is in. We are not in Hunt Brothers territory yet, but as Martin points out, that doesn’t mean short term correction and volatility in day trades. Things that gg is looking for closer to the final smash: 401k funds to offer gold and silver investing and investors move their money to those allocations (and fund managers talking it up), all pension funds  have at least 20% in metals, your next door neighbor has bought gold and silver and told you about it. These will be paper metals, not physical.

Groovygirl does not day trade anything, especially precious metals. She buys physical metal to hold long term. She uses shorter term trends to try to decide when to buy, but doesn’t sweat it if she is wrong. The long term trend is up, because of the coming currency collapse.

Gold Report

Filed under: Gold and Silver Investing, Precious metals, The Dollar Crisis — totallygroovygirlfriday @ 8:04 am

New gold report from Erste Group. Beware, it is 91 pages. Click here. Worth a skim at least. Good ratios showing real value toward the end.

I have not read the whole thing yet, but the parts I have read were informative for the long-term gold investor.

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