JDH Commentary: Time To Start Raising Cash?

[Croaker]

I am with you JDH.  I took my profits on GG.  Even though gold and silver is heading higher, I still believe a pull back is coming and I will jump back in then. I am back to 50% cash and waiting...... to jump back in or cry for getting out too early.

[sunseeker]

I am with you JDH.  I took my profits on GG.  Even though gold and silver is heading higher, I still believe a pull back is coming and I will jump back in then. I am back to 50% cash and waiting...... to jump back in or cry for getting out too early.

With you both. Currently 35% cash. Though the gradual process of implementing a rolling stop loss /lock in gains regime.

An orderly withdrawal rather than an all out retreat.

ATB 

[MetalMeister]

Cash is going to be a bad place to be.  Really soon!

Get your physical gold and silver!!!

[JDH]

I agree that cash will eventually be worthless, but it probably won't be worthless tomorrow.  And yes, I agree that physical gold and silver is an asset worth having; I'll have more to say on that in my ramblings on Saturday.  I'm pleased that the selling program is working; one of my targets on Agnico-Eagle was hit today, so the selling has begun.

[MetalMeister]

My best guess is be out of cash by the end of the year and into hard assets.

Hard assets includes a couple of year's worth of food and water in the basement.

Get off the electric, water, sewer, gas grids if possible (I am).

Make sure you have land far from big cities.

And if you can't afford to build something on that land then get a good tent.

Buy scooters now!

I'm looking at a 3 wheeler that gets about 90 miles a gallon and does about 80-85 on the high end.

Almost have my garden planted for this season.

Have looked at water cisterns and ordered one so I will use rain water and water from my sump pump only.

Looking at a 3 cap sewer system.

Also have priced inside and outside wood burning stoves (I have lots of trees).

Get you guns and ammo!

Take up cycling!

Have been looking at a bio diesel system as well.

Thinking about trading in my gas guzzling Dodge Ram '95 for a new 4 door/long bed diesel truck.

What else?

Planted 11 fruit trees on Tuesday.

These are things I am doing with my cash. 

[onlooker]

Casey Research not counting on QE-3 for now
2011-APR-12

However, Galland believes that the dollar is bottoming, and that if the Fed decides to temporarily end its bond purchasing programme, the dollar could rally strongly against other major currencies. This would likely put downward pressure on the precious metals sector.

Galland´s forecast is based on the assumption that a large number of global investors will, as happened in autumn 2008, flee to US government bonds in the event of sharp-drop in equities. Recent comments from several leading members of the Fed’s Open Market Committee have been successful in sowing confusion in investors’ minds. The minutes from the Fed´s April meeting, which will be published at the beginning of May, will likely point to the fact that QE-3 isn’t going to happen – yet.

But in the long term, Galland expects the bull market in precious metals to continue. Based on his expectation that the Fed will temporarily stop its QE measures, Galland expects financial markets to again be rocked by strong turbulence. But since the underlying structural problems in the global economy have not been solved by QE, Galland expects that the Fed will – after a prolonged waiting period and a new intensification of global economic problems – finally announce QE-3 so that it can continue monetising outstanding American debts.

In the meantime, however, investors should brace themselves for a strong correction in stocks, and especially in the commodity markets. Investors should also be hedged in the gold and silver sector as well.

See:  http://www.goldmoney.com/gold-research/casey-research-not-counting-on-qe-3-for-now.html

So, yeah, I am with Croaker, SS, JDH; I think there will be a pull back coming up.  It will be nice to have cash on hand in order to buy the drip.

[sunseeker]

Casey Research not counting on QE-3 for now
2011-APR-12

However, Galland believes that the dollar is bottoming, and that if the Fed decides to temporarily end its bond purchasing programme, the dollar could rally strongly against other major currencies. This would likely put downward pressure on the precious metals sector.

Galland´s forecast is based on the assumption that a large number of global investors will, as happened in autumn 2008, flee to US government bonds in the event of sharp-drop in equities. Recent comments from several leading members of the Fed’s Open Market Committee have been successful in sowing confusion in investors’ minds. The minutes from the Fed´s April meeting, which will be published at the beginning of May, will likely point to the fact that QE-3 isn’t going to happen – yet.

But in the long term, Galland expects the bull market in precious metals to continue. Based on his expectation that the Fed will temporarily stop its QE measures, Galland expects financial markets to again be rocked by strong turbulence. But since the underlying structural problems in the global economy have not been solved by QE, Galland expects that the Fed will – after a prolonged waiting period and a new intensification of global economic problems – finally announce QE-3 so that it can continue monetising outstanding American debts.

In the meantime, however, investors should brace themselves for a strong correction in stocks, and especially in the commodity markets. Investors should also be hedged in the gold and silver sector as well.

See:  http://www.goldmoney.com/gold-research/casey-research-not-counting-on-qe-3-for-now.html

So, yeah, I am with Croaker, SS, JDH; I think there will be a pull back coming up.  It will be nice to have cash on hand in order to buy the drip.

To be honest that wouldn't surprise me at all. FED mind games. Send out strong signals that your going to do something and then don't do it (yet). QE-3 will be announced without a fanfare at the sneakiest possible moment. Summer doldrums and the market closed?
               
                     

                     


The Emperor still has no clothes.

http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/

U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.

ATB 

[sunseeker]

               

The Emperor still has no clothes.

http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/

U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.

http://www.dailymarkets.com/economy/2011/04/22/24-signs-of-economic-decline-in-america/

ATB 

[MetalMeister]

Hahahaha!  Buy the drip?

There is going to be NO pullback unless you were watching silver go up over 5% last night in Asia then the manipulators took it down...

Almost hit $50 last night.  It will not be much longer.

Now the race is on the May options expiry.

Now, take some advice everyone.  Sell everything you have and buy physical silver.  Hold no cash except for a little to eat with...  Trust me.

Haven't I been correct every step of the way since silver was $9 in November 2008?

And it almost hit $50 last night....

Sittin' here with almost 400% gains in just over 2.5 years.

Trust me. 

Silver is very likely to double in the next couple of months.  China is taking the U.S. down economically and they have the dollars to do it and hardly even notice a shred of cash missing.

 

So, yeah, I am with Croaker, SS, JDH; I think there will be a pull back coming up.  It will be nice to have cash on hand in order to buy the drip.