Gold Correction, Looking for Direction

What separates the men from the boys in investing is patience. Jesse Livermore always talked about how very few people kept their position for the duration of a bull market. Most people either sold too early to lock in profits or they sold too early after a shakeout. As I’ve said, 20%-30% corrections are normal; in bull markets all timing mistakes are forgiven as long as you hold your position.

Right now we’re in a sort of “no man’s land” in gold. A break below $1600 is bearish and suggests new lows are coming. But this is the preferred scenario because the upside volatility will tend to match the downside volatility. Would you rather have gold rally here to $1900-$2000 for a 15% gain or would you rather be a buyer at $1300 on the way to a rocket launch to $2500? Buying large cap miners at $1300 will be very similar to buying blue chips like Apple and Coca Cola anywhere between late 2008 to early 2009.

I expect significantly higher inflation readings as we move forward that will officially put all talks of deflation to rest. Part of the reason is entirely technical: the CPI will soon trade “low inflation” months for the most recent months, which are “high inflation” months. But anyway, here’s some food for thought for people who sympathize with the “credit destruction creates deflation” camp. If credit destruction creates massive deflation, then why didn’t massive credit creation all these years lead to hyperinflation?

Expect silence from most deflationists. Or perhaps a mention of housing and how prices have not recovered.

Anyway,  a word on housing. I am in Vegas now and let me tell you, it is very hard to lose money in housing here. The inventory is not as high as you think because banks are very deliberate about bringing homes back on the market. In effect, this is creating an artificial floor in housing that allows savvier investors to accumulate before household formation picks up. Think about it this way- if Western central banks kept on selling gold on rallies to suppress the price, wouldn’t you be happy? They are giving you an artificial window to accumulate gold until they run out of supply, which is when a rocket launch comes.

Real estate in select locations, stocks, and gold are the places to be, no doubt about it. As for bonds, I will add to my short position very soon because of some negative divergences I am seeing. Bonds are going to crater- this is a guarantee.

Anyway, just a reminder that I am still writing on an almost daily basis for newsletter subscribers. You can sign up on the right sidebar if interested. If you have any questions just shoot me an email at expectedreturnsblog@gmail.com

  • Trịnh Quang Vĩnh

    Gold price today would you rather have gold rally here to $1900-$2000 for a 15% gain

  • Trịnh Quang Vĩnh

    Gold price today would you rather have gold rally here to $1900-$2000 for a 15% gain

  • http://usb3gvn.com/ USB 3G

    Well, good news for me,
    thanks!

  • http://www.torontodefencelawyers.com Criminal Lawyers Toronto

    Real estate is the best field to invest the money as per me. But i have heard from many people that it is the worst investment in the US. And this statement confused me a lot. And this article make my doubt clear. So thanks for sharing this information with us.

  • http://www.torontodefencelawyers.com/drinking_driving.html Toronto dui lawyer

    Gold is very valuable at this time. In gold 20%-30% correction is the normal correction for everyone. Now new low coming in very short time because people can sale the gold in hire charges than the market value.

  • http://www.siomunzus74.com Andrew Pelt

    I simply want to mention I’m very new to blogging and site-building and really enjoyed this web site. Most likely I’m going to bookmark your site . You surely have tremendous well written articles. Thanks a bunch for sharing with us your website page.

  • http://lesbianporns.net made a post

    I’m impressed, I have to admit. Seldom do I come across a blog that’s equally educative and amusing, and without a doubt, you’ve hit the nail on the head. The problem is something that not enough people are speaking intelligently about. Now i’m very happy that I stumbled across this during my hunt for something concerning this.

  • http://www.dans-porn-links.com/65/cibersexo-con-una-soltera-con-ganas-de-masturbarse/ browse content

    I’m impressed, I have to admit. Seldom do I encounter a blog that’s equally educative and engaging, and let me tell you, you have hit the nail on the head. The issue is something that not enough people are speaking intelligently about. Now i’m very happy that I found this in my search for something regarding this.

  • Pingback: how to lose weight fast

  • http://pornarmy.net/54/haciendo-gozar-a-una-colegiala-caliente/ check page

    Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.

  • Pingback: Weight Loss

  • http://whatsnewlocally.com/invest-in-stocks/ penny stock egghead review

    My brother recommended I would possibly like this website. He was totally right. This publish truly made my day. You cann’t consider just how a lot time I had spent for this information! Thank you!

  • http://phillylabor.net/5074/weight-loss-tactics-in-your-case-and-to-make-a-nutritious-system/ teds woodworking reviews

    Hi there just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.

  • http://www.sexblogpimp.com/12/follando-con-una-morena-extranjera-tetuda/ great article

    I was pretty pleased to uncover this web site. I wanted to thank you for your time for this fantastic read!! I definitely loved every little bit of it and I have you book-marked to look at new information on your website.

  • Pingback: Soulful Deep

  • http://www.all4scrapebox.com Auto approve list

    I like this post, enjoyed this one thank you for posting. “No trumpets sound when the important decisions of our life are made. Destiny is made known silently.” by Agnes de Mille.

  • Pingback: great company

  • http://tresym3dia.net/conocenos/ russian hackers

    I’m not certain your location taking your information and facts, having said that good subject matter. I can devote some time examining a lot more and also comprehending extra. Thanks for wonderful info I used to be looking for this info for my assignment.

  • http://tiny.cc/sugaring Sugaring

    Attempted it for the very first time (microwave recipe and created only 1/2 on the recipe). LOVED IT! Worked great. The first application I did not utilize the corn starch and ended up with some bruising. Employed cornstarch for that rest and it worked flawlessly without any brusing. Definitely a keeper. I will be employing this from now on.

  • http://tiny.cc/sugaringzuerich Waxing Zurich

    I gave this a whirl nowadays! I love it!! Didn’t harm in any respect! Thank you for this fantastic post!!!!! I use to acquire the shop variety of wax (I’ve constantly had a hard time excepting the high price of going the salon to have this accomplished), however it usually appeared like it would dry out so quickly. This is certainly also good idea for gifts to close friends that I understand that wax. The many undesirable hair that I wanted removed was gone!

  • Pingback: URL

  • http://seofornown4eva.com search engine optimization

    I’m not that much of a internet reader to be honest but your blogs really nice, keep it up!
    I’ll go ahead and bookmark your site to come back later
    on. All the best

  • http://www.cNWlI42.biz x3hCV3ETy

    921729 557711magnificent submit, quite informative. I ponder why the opposite experts of this sector don

  • http://ow.ly/yav1q Sugaring Zurich

    Properly, killing the root May be harmful and dangerous At times. It causes dry skin and occasionally bleeding also! It may well be additional discomfort absolutely free than this, I nearly pulled my skin off while striving this a single! lol

  • http://www.reydepicas.com/2011/03/sunday-million-5-aniversario-de_07.html Tobie Augustyn

    But wanna comment that you have a very decent web site , I like the layout it actually stands out.

  • http://pa.ikli.in/homestdtest67970 over the counter std test

    It is generally tied to current issues, whilst the Major Arcana is tied to larger, lengthy lasting problems. Some stated that this capability is inborn other people said that they had their 3rd eye opened.

  • http://www.tuxmachines.org/node/66712 Wei Almaraz

    Excellent post, properly put together. Thanks. I will likely be back soon to take a look at for updates. Cheers

  • http://www.youtube.com/watch?v=pGhkpBgGeTc how to make beat

    below you

  • http://getallporn.com/12/haciendo-gemir-a-una-jovencita-muy-guarra/ check post

    Very good article. I certainly love this site. Keep it up!

  • http://led.lamp.capital/ LED Lamp

    good Kharma keeps the wheel turning…

  • http://www.nexopia.com/my/blog/new/freeform dalej

    But a smiling visitor here to disclose the love (:, btw outstanding layout. “Competition is a painful fixation, nevertheless it produces vast results.” by Jerry Flint.

  • http://saputraurl.cf/stdhometest96992 over the counter std test

    Also, there are numerous artists and designers on EBay promoting retro greeting playing cards. Mercury will be passing by a star these days, a power that blends intellect with integrity. Individuals will be creating sound dependable choices.

  • http://www.youtube.com/watch?v=LH5koAPe2SI funny commercials 2014

    always a significant fan of linking to bloggers that I like but really don’t get a good deal of link love from

  • Pingback: iherb coupon code

  • http://www.wkraku.com/pokaz_sz_ogl.php?idogl=12827 gotowe spółki poznań

    Thanks for another informative site. Wherever as well possibly will I get that kindly of info written in such a perfect way? I’ve a impel that I’m just instantly effective proceeding, and I have been by the look absent representing such info.

  • http://arthritisreduction.com/node/327615 Maudie Weaklend

    Hey there. I want to to ask a little something…is this a wordpress web log as we are planning to be transferring more than to WP. Moreover did you make this template all by yourself? Several thanks.

  • http://www.youtube.com/watch?v=0-JBc001nXY painful fail

    please check out the sites we adhere to, which includes this one, as it represents our picks through the web

  • http://LesbianCams.org/ live lesbian sex

    To sum it up, the film works in its dark manner, as Horrible Bosses in no way requires itself seriously, but you’ll be also deep into laughter to discover the distinction.

  • http://www.gettinghitchedphotography.com You Can Try Here

    cheap tiffany and co jewelryaddresses many jewelry for your big event; engagement sterling silver necklaces, anklet bracelets, groups etc. Wedding ceremony outfits precious jewelry is undoubtedly items in a variety of items and also tone collaboration; precious metal plated or simply magic plated utilizing diamonds and then rocks,http://www.timedancercorporation.com,in a different coloration formula which in turn placing a contented magnificence for you.

  • http://indirim-kuponu.weebly.com/ lidyana

    Is it possible to share it on my blog if i do show source ?

  • http://pushbuttonbuyers.com/entry.php?w=onlinestorey&e_id=134827 ray ban sunglasses aviator

    Tiffany Fine jewelry accessible.You then can easily choose in excess 1 you could be predisposed to help to build. Tiffany includes motivated various to remain on the information of those Bracelets making motifs coming from famous developing? Tiffany sterling silver bracelets an amazing wonderful company.Fine jewelry empowered by merely Tiffany hopes and dreams to repeat some sort of style plus luxury during the reliable Tiffany pieces,find out more for homepage

  • Pingback: Dating

  • http://LiveGirls.ws/ SexCams69.com

    incredibly great post, i undoubtedly adore this site, continue it

  • https://www.youtube.com/watch?v=JMl6_0jPaGk&hd=1 keratosis pilaris laser treatment

    Keratosis Pilaris (KP) is a anatomical skin color condition of which impacts 40% of the the planet’s inhabitants. KP shows up to be a group connected with smaller reddish bumps that are most commonly located on the higher area of your hands, thighs and leg, bottom and fewer typically for the deal with, which may be mistaken regarding zits. Even though there is no remedy pertaining to KP, you’ll find solutions to treat it. We shall teach you just how.

  • http://hungryscent.edublogs.org/2014/06/22/who-else-desires-xbox-dance-pad-on-incredible-price-online/ videolar

    Is it possible to share it on my blog if i do show source ?

  • http://CamGirls.ws/ live cam girl

    made use of trucks are sometimes expensive and it is actually really tricky to locate an excellent bargain when you do not search heavily”

  • http://www.whereto-buygarciniacambogia.com where to buy garcinia cambogia extract

    Howdy! I read your web page everynight, just soon after I water my plants

  • http://techlore.jfkakes.com/node/79040 subway surfers generator

    Woah! I’m really loving the template/theme
    of this blog. It’s simple, yet effective. A lot of
    times it’s very hard to get that “perfect balance” between usability and visual appearance.

    I must say that you’ve done a great job with this.

    Also, the blog loads very fast for me on Opera.
    Outstanding Blog!

  • http://xunmeng.org Click Here To Investigate

    tiffany discount jewelleryaddresses quite a few pieces of jewelry with regards to your bridal; engagement pendants, bracelets, jewelry and so on. Wedding planning dress-up costume jewelry is normally crafts within the wide array of components and colors mix; platinum coated and / or rare metal plated with the help of diamonds plus rocks,http://www.timedancercorporation.com,in several color conjunction that will attaching a contented elegance to your.

  • http://www.connectdirector.com/articles/business-opportunity-in-interim-management online portal

    My compliments, beneficial post and an excellent web site. Also your post has inspired me to commence writing on problems comparable to what you are carrying out. We are making a premium on-line portal a specially-designed web site that brings details with every other from diverse sources in an uniform way. The Connectdirector Online Portal – advertising networks & match making group portal is professional networking on the Connectdirector “all in a single” premium on-line portal offering business networking & social networking, contacts, matching, on web content material, (internet) advertising & (enterprise help) solutions. An special multi-language net portal notion with a international exposure and a neighborhood concentrate on each wealthy higher best top quality on-line content material and dynamic database generated listings for matching private interest, enterprise interests and social interests and requirements. We at Connectdirector advertising networks and neighborhood portal are an match creating authority in guiding and lowering barriers by direct linking enterprise and social interests and requirements interests on the principles of joint result, integrity, compliance and excellence. Summarized Connectdirector is Networking, Contacts, Matching, Content, Advertising & Solutions.If you did not visit our website however and/or you are not a member, then please sign up as we really want to know your thoughts so we can improve our on-line portal. On our web site you can start straightforward to grow your network contacts!

  • http://www.mmkoszalin.eu/autor/patryczka dalej

    Hi there! Perform you know qualification they compose one plugins to evade with Search Engine Optimization? I’m irritating to get my blog to rank for some targeted keywords nevertheless I’m not considering very sunny domino effect. Condition you get of any satisfy distribute. Thanks!

  • http://benefis.kz/user/AnnettesissCeax/ jakikantor

    As I site possessor I believe the content matter here is rattling wonderful , appreciate it for your efforts. You should keep it up forever! Good Luck.

  • http://www.macaubirthdays.com/__media__/js/netsoltrademark.php?d=fulhamlocksmith.webnode.com 24 hour locksmith fulham

    Right now it looks like Drupal is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?

  • Pingback: plumber in rock hill south carolino

  • http://what-is-is.blogspot.fr/2012/09/lancet-how-to-achieve-universal-health.html Mariann Delashmutt

    Thanks for helping out, fantastic info .

  • http://dfsafsakjfhdsfjdgsdgfsd.com read at this website

    Everyone loves your writing style, wonderful info , appreciate it for putting up : D.

  • http://www.mundoknet.com Seguidores

    It is constantly so nice and also packed with amusement for me and my office acquaintances to visit your web site at the pretty least thrice weekly to read via the newest guidance you might have.

  • http://forum.e-beagle.pl/profile.php?mode=viewprofile&u=19541 Alvin Chamnanphony

    I imagine you ended a couple of relatively fascinating points. Not too countless individuals would really assume into consideration this the way you simply did. I’m correctly impressed that there’s a lot in relation to this subject that has been revealed and you did it hence as it should be, with hence by far grade. Top-notch one, be grateful you.

  • http://medycznief4.blog.onet.pl/ Daniell Myree

    This is not

  • http://lekarzeq9.crazylife.pl/ Numbers Neblett

    I similar to this send, enjoyed this one thankyou for putting up.

  • http://rysunkie1.blogujaca.pl/ Shaina Blackner

    Hello! Solve you know qualification they compose a few plugins to avoid with Search Engine Optimization? I’m difficult to get my blog to rank used for approximately under attack keywords nevertheless I’m not since vastly nice gains. Rider you identify of any please share. Welcome it!

  • http://www.youtube.com/watch?v=BIzzC-nbX2k top commercials 2014

    that may be the finish of this post. Right here you

  • http://kawa-lavazza.eu/jakikantor.html ranking kantorow online

    Thanks for another excellent post. Where else could anyone get that kind of info in such a perfect way of writing? I have a presentation next week, and I’m on the look for such information.

  • http://pliggme.goldenmidas.net/story.php?title=quick-tips-to-make-the-net-work-for-you-and-your-business Teodora Goeller

    I appreciate you for coming up with such an great website. I am most definitely gonna subscribe to the website because your posts are great!

  • http://www.youtube.com/watch?v=Dtp-0MmQVNE extreme trucks

    one of our guests a short while ago recommended the following website

  • http://www.interiordezine.co.uk/ray-ban-c-726.html ray ban sunglasses men

    Coloration works a significant purpose in a prom dress during the exclusive night time. It has to supplement the skin skin tone. For this complementing picture, you are able to emphasize the shape with the use of weight management hues just like wine, deep greyish, woodlands green, late night pink, burgundy, cocoa, and the neutral shades involving beige, black, gray, silver, gold, and also taupe. Prom dresses are likely to be elegant celebration robes, long and also smoothly spectacular. cheap white prom dresses could be in accordance with the motif in the occasion or maybe they might you should be classic tennis ball clothes. There is no standard way to define the particular “best party dress”. It is the one who could make you feel lovely and create the proper image-sweet, harmless, captivating or even spectacular. The most popular prom dresses are usually satin, sequined, old-fashioned ways, the limited black dress, this irregular ankle rehab ebook dress, the particular hanky sprained ankle injury and the classic Cinderella basketball costume.

  • http://www.acai.com.sg/where-to-buy-acai-berry-singapore-60-capsule-bottle.html where to buy acai berry singapore

    Spot on with this write-up, I truly assume this website desires much far more consideration. I’ll possibly be as soon as extra to study considerably a lot more, thanks for that info.

  • http://www.youtube.com/watch?v=NIubdaCjNW8 Denver CO Real Estate Listings

    When I originally commented I clicked the -Notify me when new surveys are added- checkbox and today anytime a comment is added I receive 4 emails working with exactly the same comment. Possibly there’s however you’ll be able to remove me from that service? Thanks!

  • http://hostgatorkuponu.jimdo.com/ hostgator 2014

    Is it possible to share it on my blog if i do show source ?

  • http://robot-world.ru/user/FelicianisMurl/ kawa ziarnista cena

    Coming from my research, shopping for electronic products online can for sure be expensive, nevertheless there are some tips that you can use to acquire the best discounts. There are constantly ways to uncover discount promotions that could help to make one to possess the best technology products at the lowest prices. Thanks for your blog post.

  • http://www.petsmart.com/dog/waste-disposal/cat-36-catid-100113 buy viagra

    Sites of interest we’ve a link to

  • Pingback: Crete Carrier Corporation