| Search by tag or site | Login to my blog ▪ Start my own blog |
 |
A Global PerspectiveThe New Global Standard for Wealth Creation |
Gold, Silver Copper and Stocks Soar
Posted on 09/25/2006 16:38:43 | Link | Post Comment
0915 EST Friday November 18
Good Morning: Whenever Gold and Stocks go up together, we feel very comfortable being long both markets. When all the metals are soaring along with Stocks, our comfort level increases even more and when the broadest of indices are close to setting new all time record highs and leading indices such as the Dow Jones Transportation are doing the same, it just doesn't get any better...
Why? Because for all these markets to be participating in a unified advance, it signals that monetary policy is working well and that in the background the Fed is supplying the right mix of ingredients to stimulate economic growth, or as is the case right now, international investments in our Treasury markets and monetary movements in general Worldwide, including the massive re-cycling of petro-dollars back into the leading industrial economies and Gold, are fomenting the near perfect conditions that exist today.
It's like a health check on the economy: Its vital signs have quite frankly, never been better. Back in January 2004, we christened this: "The Best Economy Ever" and with all kinds of corporate profits and liquidity records being set, it's hard to argue against this notion, even though to many it may not feel like the best economy ever, it is. We've never had it so good. C'mon. As Jack Welch, former head of GE said the other day, what this economy has accomplished since 9/11 is nothing short of astonishing. He should know. Jeffrey Immelt current head of GE, declared it was the best economy in 20 years for GE, what he didn't say, but what Jack Welch did was to make GE 100 times larger today, than that of yesteryear, and therefore by definition, the economies of yesteryear pale into insignificance compared to the monster high tech, ultra-productive economy of today. And with stock markets around the World including Mexico, Brazil and most of our Latin Neighbors, India, Russia, Japan et all and most likely pretty soon China setting all time record high, the outlook remains very optimistic, just as we have been saying for some time and in due course, the Emperor of all markets, the Dow Jones Industrial Average will be re-crowned with new all time record highs and even eventually, the Nasdaq will redeem itself as it is trying very hard to do now on the way to our target of 2,800 to 3,000, we projected, over a year ago back in August 2004, calling for new multi-year highs and this year at the end of April, re-iterating our upside objectives or new interim highs again, 2,500 and 2,800.
We will elaborate some more on this theme this weekend ahead of Monday's report, meantime have a great day and weekend.
Trade Well
From the Desk of Savant
Good Morning: Whenever Gold and Stocks go up together, we feel very comfortable being long both markets. When all the metals are soaring along with Stocks, our comfort level increases even more and when the broadest of indices are close to setting new all time record highs and leading indices such as the Dow Jones Transportation are doing the same, it just doesn't get any better...
Why? Because for all these markets to be participating in a unified advance, it signals that monetary policy is working well and that in the background the Fed is supplying the right mix of ingredients to stimulate economic growth, or as is the case right now, international investments in our Treasury markets and monetary movements in general Worldwide, including the massive re-cycling of petro-dollars back into the leading industrial economies and Gold, are fomenting the near perfect conditions that exist today.
It's like a health check on the economy: Its vital signs have quite frankly, never been better. Back in January 2004, we christened this: "The Best Economy Ever" and with all kinds of corporate profits and liquidity records being set, it's hard to argue against this notion, even though to many it may not feel like the best economy ever, it is. We've never had it so good. C'mon. As Jack Welch, former head of GE said the other day, what this economy has accomplished since 9/11 is nothing short of astonishing. He should know. Jeffrey Immelt current head of GE, declared it was the best economy in 20 years for GE, what he didn't say, but what Jack Welch did was to make GE 100 times larger today, than that of yesteryear, and therefore by definition, the economies of yesteryear pale into insignificance compared to the monster high tech, ultra-productive economy of today. And with stock markets around the World including Mexico, Brazil and most of our Latin Neighbors, India, Russia, Japan et all and most likely pretty soon China setting all time record high, the outlook remains very optimistic, just as we have been saying for some time and in due course, the Emperor of all markets, the Dow Jones Industrial Average will be re-crowned with new all time record highs and even eventually, the Nasdaq will redeem itself as it is trying very hard to do now on the way to our target of 2,800 to 3,000, we projected, over a year ago back in August 2004, calling for new multi-year highs and this year at the end of April, re-iterating our upside objectives or new interim highs again, 2,500 and 2,800.
We will elaborate some more on this theme this weekend ahead of Monday's report, meantime have a great day and weekend.
Trade Well
From the Desk of Savant
- The Ultimate Gold Hedge
- The Ride Of Your Life
- A Pre-valentine's Day Rally
- Gold Soars As Wall Street Falters
- Dreamtime On Wall Street
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- Ludwig von Mises Institute
- Credit Bloggers
- Wishing Wealth
- Don't Mess With Taxes
- Poor and Stupid
- Windy City Blues
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
<< My Home | TheMoneyBlogs Home