Cobra's Market View

Gold spike...

wayne0708 wrote:Can the trend fail soon?

it can be today... "Fed Seen Slowing Stimulus With QE Cut by End of This Year" http://www.bloomberg.com/news/2013-05-0 ... -year.html

Cobra, what is your "wild-est-est-est guess" for GLD and miners? Thank you

[quote="TWT"]REVERSAL OF THE SHORT TERM TREND

Wow, Thank you TWT, good job...

Bernanke also can lift the market by make more people die, look what we have on burials... scary... Each year, 22,500 cemeteries across the United States bury approximately: 827,060 gallons of embalming fluid, which includes formaldehyde 90,272 tons of steel 2,700 tons of copper and bronze 30–plus m...

Out of Bounds wrote:Closed short - Bear is dead.

and it's going to buried in GLD coffin...

Any thoughts on GLD, NUGT ? Thanks Good way to lose money so far this year. as of now, you right, I improved my account with it but still in red... bought NUGT for a swing again ... Are you crazy? Gold is going down, even GS recommended a short today. And I guess you are aware of the Paulson issue....

MrMiyagi wrote:

victorm wrote:Any thoughts on GLD, NUGT ? Thanks

Good way to lose money so far this year.

as of now, you right, I improved my account with it but still in red... bought NUGT for a swing again ...

Any thoughts on GLD, NUGT ? Thanks

If you have some free minuts please read, German elections should change the picture drastically...
George Soros urges Angela Merkel to consider quitting euro... http://www.guardian.co.uk/business/2013 ... -quit-euro

Cobra wrote:need decisively break the blue line to prevent 3 Push Up (rising wedge) pattern.

Cobra, could you please look at NUGT, not sure if it come to 20$ again... Thanks

Cobra wrote:volume surge, must be some news, wait.

10:30 Benmanke speaks...

[quote="KeiZai"]Euro index : Target I had for this retrace have been met, now we will see if euro found the ST/MT bottom or not

What do you see in gold KeiZai? Good day to you.

gold spot on a rise but NUGT ignoring it...?

Hi cobra you Think we could go to 1565 with FeD announcment ? But after all we could go to New short term pullback? Claudio, now why should Cobra know? In such a situation anything can happen, anything. Not even God knows :mrgreen: Obviously, because there's no such thing as God :lol: you would bet...

If anything, this is going to make the case even stronger for hard assets, particularly gold and silver. I would miners will benefit from this.. GDX could see a very sharp rally. If I were under the euro umbrella you'd be damn sure I would have gold and silver stashed someplace safe. I'm in the USA...

10Bil needed, that's pocket change, not even half day of bond buying here. BTFD Boss, General Bonkers says the Cyprus Govt has gone cuckoo nuts Stealing from you own people is one thing :cry: Messing with the Russians is an entirely different thing :o gen bonkers.png that's o'k, many officials resp...

In case somebody didn't notice upcoming splits ... http://finance.yahoo.com/news/direxion- ... 00760.html

BullBear52x wrote:

Mark wrote:It should be a top on DOW weekly chart, low should be in May.

DOW and Qs are weakest link today but they seem to bounce back and forth on 5dma (futures /YM and /NQ)

Here's a scary one from Sid ...

geeeezzzz I was just hella lucky on that quickie PAGING OUR RESIDENT COMPUTER GENIUSES So I’ve re-installed JAVA about six times this week and without fail every time I go down and come back up that faulking little box in the right bottom corner says “new upgrade JAVA ready to install” or some shit...