- Small-Cap Value +.67%
- 1) Gold & Silver +2.15% 2) Homebuilders +1.09% 3) Banks +.89%
- NTLS, ANW, SZYM, IQNT, MAKO, ASNA, FU, XRS, SSNI, PCRX, UNXL, GSVC, AMBA, CTRP, GCAP and KERX
- 1) MAKO 2) MTG 3) ASNA 4) KERX 5) UNXL
- 1) SBUX 2) DFRG 3) ANR 4) CSC 5) WBMD
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On Wednesday, Silver Miners, SIL, and Gold Miners, GDX, and the Silver ETF, SLV, and Gold ETF, GLD, traded higher, as Spot Silver, $SILVER, traded higher to 21.78 and Spot Gold, $GOLD, traded higher to 1,333.
The Gold ETF, GLD, moved higher in its Elliott Wave 3 UP, that commenced in July 2013, as Gold started to rise from $1,200, as is seen its Weekly Chart, as Bloomberg reported US Budget Concerns Escalate. The Elliott Wave 3 Ups are the most dramatic of all economic waves, and create the bulk of wealth gains, of all of the five waves.
Liberalism was characterized by fiat investment wealth, specifically ETFs such as Gaming and Casinos, BJK, and Vice Stocks, such as those traded by the Fidelity Mutual Fund, VICEX, all of which were leveraged up by first the trade in debt, such as Eurozone Debt, EU, as well as the toxic debt taken in by the US Federal Reserve, such as that traded by the Fidelity Mutual Fund FAGIX, and secondly by carry trade investing, such as the EUR/JPY. The Fed be dead, and its twin Yen based Carry Trades be dead as well; both died the week ending September 20, 2013, on the climax on the No Taper Rally, which pivoted the world from Liberalism to Authoritarianism. Now, Authoritarianism is characterized by the diktat of statist regional nannycrats, as well as by the physical possession of gold bullion for wealth preservation, and physical possession of silver bullion for bartering.
GoldSilverWorlds reports CFTC Believes That Silver Is A Free Market After 5 Year Investigation. I comment that I hope this news puts to rest the ongoing debate as to potential of the price of silver to rise higher over the price of gold. Silver will never, ever, leverage higher over the price of gold. One of the reasons is because of the huge potential for production by Silver Standard Resources Inc, SSRI, which has been one of the most speculative and carry traded investments of all time. The company does not have a forward PE, and it has plenty of contracts to sell its production, so the result is that the price of silver will never, ever outperform gold. Silver Standard Resources is a dead investment, and serves as an epitaph on Liberalism’s age of speculative leveraged investment.
In the last month, Gold Mining Stocks, GG, ABX, and NEM, have been unable to leverage up over the price of Gold, GLD, as is seen in their combined ongoing Yahoo Finance Chart. Gold Mining Stocks are now lagging the price of Gold because their PE’s have topped out; for example, Goldcorp, GG, has a Forward PE of 20; American Barrick, ABX of 8, and Newmont Mining, NEM, of 15.
Solar Stocks, TAN, traded higher.
Aggregate Credit, AGG, traded higher as the Interest Rate, ^TNX, traded lower to close at 2.61%. Eurozone Debt, EU, traded lower.
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