hope.bleecker
Long

BUY GOLD MARKET FINDNG A FLOOR

AMEX:GLD   SPDR GOLD SHARES
212 5 10
OK I am looking for squeezes on gold             and encouraging ALL to buy physical gold             . Tomorrow the feds will not raise rates. And at the press conference tomorrow, whether Yellen is hawkish or dovish gold             wins. If Yellen is dovish, that is an inflationary signal. If she is hawkish, gold             wins too because GLD             will continue to be a safe haven. BUY IT... CALL KITCO or whoever you deal with.

There is a limited supply and the large majority of Gold             holders in the east are still holding it and they will not sell it. Additionally, there is also a high amount flowing back into England and also the west. In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa—violating the law of demand. For any good, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods. For most goods, the income effect (due to the effective decline in available income due to more being spent on existing units of this good) reinforces this decline in demand for the good. But a Giffen good is so strongly an inferior good (being more in demand at lower income) that this contrary income effect more than offsets the substitution effect, and the net effect of the good's price rise is to increase demand for it. BUY BUY BUY... 2200 first because we have found the floor. The look for $10,000 an ounce.
10k Hope? I'd go as far to say 3k or possibly possibly 5k in next 5+ yrs....but until it gets above 1500 can still see 900-700 first in my opinion. Anyways, just trading the swings.
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We are doing great on this!
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TTCSteve hope.bleecker
yes, certainly some strength...I'm just enjoying pieces of it not riding the long term at this point in time. Just working my way out of long term usdjpy and Nikkei shorts and will look at things then. Pivotal week ahead for a number of markets imo....DX high on my radar for a pop up into 97-97.50 if 95 holds; which could then see an inflection point to target down into 90-87 zone. Over 98.50 and the bull's have it. Anyways, my take on a couple of points into this key week.
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Support.. buying here. Welcome to the new week!
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