In 2005, $750 billion in mortgage-equity withdrawals came out of people's homes. Place that into the context of a $13 trillion economy, and it represents 5.8%. About 50% of mortgage withdrawals is estimated to end up back in the economy. There's a five-month supply of housing inventory for sale.
in an interview in Barron's May 29 issue, GoldMoney.com founder James Turk cited the ultimate -- and eye-popping -- possibility of $8,000 per ounce.
If you do a weekly spot prices of gold over the past 4½ years, you'll note that parabolic rally has taken gold well above its bull-market trend channel. A channel is simply two parallel trendlines that support and resist a bull marke. One is able to predict how far prices can move above this channel. But when they do eventually correct lower, we can look for that channel to provide at least an initial target -- around $600.
Doc, What empirical evidence do you have that the phyical will comply with technical analysis, of which you seem so fond? I am surprised a doctor would believe in such stuff--there's hardly a double blind study proving it.
I urge you to inspect the MTA's literature. I think you may have to be a current memeber to view their articles. Anyhow, there exist prospective as well as retrospective research in the form of trials on how particular market indicators/chart patterns have fared with success. Lawrance McMillan, a legendary option trader, has done quite a few of those on patterns such "double and triple top reversals".
It has indeed retreated from the 70.55, habitually. The US incentives and open talks with Iran is not good for high oil prices. But, I bought 1 block at 66.21 and wrote 100 June 65.00 at 2.40/contract.
I like the 6-months support at 35...And the pullback from a recent high of 42 provides an opportunity. Nontheless, since I'm all about as much asset preservation as I can possibly be, I like the deep in the money July 35 calls; that said, I bought 2 blocks at 38.40 and wrote 200 July 35.00 for 4.80/contract. If theshares get taken away, the premium on the calls provides a good monthly return...and if I end up keeping both the shares and the premium, the stock is an excellent accumulate at that price.
Today's upgrade in the wake of an SEC inquiry is just nuts! Shorted 1/2 a block at 8.37 and will dollar cost average if need to. Folks, this play is not for the weak-hand... hedge yourselves accordingly.