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Message: Rough Market

DEGH/Fuse hanging in there quite well considering the Market. Might test the 0.28'ish support next week as Market conditions could worsen. Should be low volumes today, being a summer Friday. Could use a good PR, like maybe sign Betty White as a sponsor.

Big Jackson Hole meeting next week, Friday. Not much the Fed can do, so may not help the Market. Plus, it will happen on Friday. Friday news notorious for being bad, or so the saying goes.

Clue stick here is Gold and Silver up big overnight. Market down to open, then looked to turnaround and was up quite a bit. But, that Gold/Silver indicator did not waver much. Market back down. Just Too Many bad things out there, most of which is the US-EU bank problems, followed by high unemployment, bad housing market, Gaza-Israel terrorism/tensions, and China having high inflation and fear of worldwide recession. May see some relief Monday, but suggest using up Markets to sell into and maybe get a position in GLD/SLV (on pull back), which seem to be the only safe bets going in this rough Market.

Gold miners should begin their annual run at end of August or early September. Well, most of them should. Ok, the ones with good balance sheets and management will. Rising tide floats all ships? Anyway, should last through February, next year. Only miner I have is a spec/takeover play - SGCNF, along with my commemorative KRY/CRYXF shares.

Tech will get going in mid to late September, in anticipation of the holiday season. Maybe even RIMM (consider it a spec play) will move beginning at that time. Only tech that works most of the time are Amazon and Apple. Otherwise, wait until late September.

As mentioned earlier, Gold and Silver still running. Silver may have the edge in the short term and should play catch-up through December. Personally, am in SLV heavy since the, "head and shoulders," warning and looking for double-nickels, or better, by end of year. Market is a rough one and may test the recent lows again, during next week.

Be careful out there.

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