PM futures UP in Nov.

Massive buying of November 180, 185 and 200 calls, may portend a significant rally, perhaps even a super spike for gold. I hold some November calls and I acquired them in case Obama were to win the election. The public is skeptical of current policy and might feel it just prudent to be prepared for more debt and spending. The golden cross in silver is interesting, it maybe seasonal, certainly not industrial, or another hedge on political events. Islander.

Thanks for the post. Even more to worry about? I've long felt that freed of the need to pile money on his base Obama just might agree to stop spending us bust if re-elected. However, he isn't promising that so it's only idle speculation.

I suspect it's going to be a bad economy for whoever wins no matter what they do. That it's payback time for all the failed policies and massive deficit spending.

And I don't see how showering money on banks to pay for mortgages helps anything. Housing should go up because it's hit bottom and because we have a good economy. If we are artificially pushing it up, then those who still don't have jobs, are under-employed, or under paid will still not be able to buy a house in fact it will be more difficult to buy a house.

I see a good housing market as the symptom of a healthy economic expansion not as the creator of a good economic expansion. People who cannot afford to borrow for homes now will still not be able to afford to borrow to build a home once the bank is paid off. In fact, I'm hearing some banks were laying off people today.

Massive buying of November 180, 185 and 200 calls, may portend a significant rally, perhaps even a super spike for gold. I hold some November calls and I acquired them in case Obama were to win the election. The public is skeptical of current policy and might feel it just prudent to be prepared for more debt and spending.

The golden cross in silver is interesting, it maybe seasonal, certainly not industrial, or another hedge on political events.

Islander.

Edited by Sentient Being, 20 September 2012 - 04:48 PM.

Thanks for the post. Even more to worry about? I've long felt that freed of the need to pile money on his base Obama just might agree to stop spending us bust if re-elected. However, he isn't promising that so it's only idle speculation.

I suspect it's going to be a bad economy for whoever wins no matter what they do. That it's payback time for all the failed policies and massive deficit spending.

And I don't see how showering money on banks to pay for mortgages helps anything. Housing should go up because it's hit bottom and because we have a good economy. If we are artificially pushing it up, then those who still don't have jobs, are under-employed, or under paid will still not be able to buy a house in fact it will be more difficult to buy a house.

I see a good housing market as the symptom of a healthy economic expansion not as the creator of a good economic expansion. People who cannot afford to borrow for homes now will still not be able to afford to borrow to build a home once the bank is paid off. In fact, I'm hearing some banks were laying off people today.

Massive buying of November 180, 185 and 200 calls, may portend a significant rally, perhaps even a super spike for gold. I hold some November calls and I acquired them in case Obama were to win the election. The public is skeptical of current policy and might feel it just prudent to be prepared for more debt and spending.

The golden cross in silver is interesting, it maybe seasonal, certainly not industrial, or another hedge on political events.

Islander.

b of a will lay off 16k . the sole purpose of giving 40b minimum a month for housing, is liquify the banks. and bail them out of their poor loans.
its corporate cronyism. the average is getting poorer and poorer. debasing , stagflation =gold performs well . of course patience or nimbleness is needed . and very very very few will be nimble enough . surprises will occur
dharma

Looks like gold is overbought at 1792 and might pull back to 1775-80. look at the gold miner BP it has been rising wildly, but the prices have not moved much, this move looks to be in early stages for the miners. I like Rgold, NEM, AME, maybe GDXJ, here. With QE the dollar is weakening and gold is rising. This is the way to follow gold at present and maybe to 2015?

Timing, watch next Sunday evening for a clue, gold is reacting to the dollar and Fed speak. This next move up might be memorable.

Check the link: http://stockcharts.com/c-sc/sc?s=$BPG...r=1348242457731


Islander.

Edited by Islander, 21 September 2012 - 11:07 AM.

I should have said GOLD not Rgold. Sorry, Islander