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Panda, I showed my parents those gold coins, they told me it's actually not that easy to buy those in China since it's considered a collector's item, and those will appreciate faster than regular "paper gold". But if you really want to pick up a couple sets, let me know.

New Home Sales fall "unexpected" and mortgage application slides as $8000 tax credit expiring. Again, NASDAQ is playing catching up to the downside of Dow and S&P, guess it's time for them to pump those govt zombies to (BAC, AIG, C...) because the tech leadership is gone. Some quick facts...

Some quick observations: 1) The market now has overhead resistance around 1075. "They" couldn't trigger a short squeeze because likely the shorts were timid and there was nothing to squeeze to help power things upward. 2) The focus is on the GDP report this Thursday might...

Just wanna inform everyone I got the ax..... I will try my best to keep this tread going and I'm interviewing for another position with my current employer.

It could be that the buying power has now exhausted itself. In a very short time span, the Dow lost 170 points yesterday (the intraday high was 10,119), to close at 9,949, and the S&P 500 hit a new intraday high of 1,101, but closed at 1,081. To be sure, there is plenty of technical...

<strong>EMPLOYMENT STILL TANKING</strong> The state by state U.S. employment data were just released and showed that the aggregate job loss in September was 451,600 (recall that the initial nonfarm payroll release revealed a 263,000 decline). New record highs for the unemployment rate...

<strong>COULD IT BE THAT HOUSING IS SPUTTERING AGAIN?</strong> No sooner did we see the October National Association of Home Builders? housing market index disappoint but the September U.S. housing start data also came in light, at 590k units at an annual rate (were 587k in August) and...

<strong>CASH RATIOS FOR EQUITY PMs DOWN TO 4%</strong> When we are talking about cash on the sidelines, it begs the question as to how much liquidity is sitting in equity mutual funds. As Chart 3 illustrates, we have gone from around a 6% liquidity ratio when the market was testing its...

Around 78 will be my best guess.

Bank of American lost $2bn in Q3!! Early in the week, I mentioned that the only bank?s earning I?m not certain about is BAC. But it still surprised me this morning how bad it is. One will have to imagine how bad/stinky BOA?s balance sheet is and how much more write downs it will have to take...

About 10yrs ago Dow at 10k, <strong>Gold at $280/ounce Oil at $15/barrel</strong> Today Dow at 10k again, <strong>Gold at $1050/ounce Oil at $75/barrel</strong> Our govt and wall street did a good job destorying the dollar over the long run and create inflation. We...

<strong>U.S. RETAIL SALES CAME IN BETTER THAN EXPECTED</strong> Looking at the details of the retail sales report nearly two thirds of the components posted gains in September and it was beyond just ?staples?, discretionary items was also in demand in September. The ?staples...

It's about time to start this topic, Currently S&P - 1092 Dollar Index - 76 Gold - $1060/ounce My projection for the next 12 months, mainly based on technical indicators, S&P - 700 or lower Dollar Index - 85 or higher Gold - $750/ounce I'm in the deflation...