Best Financial Tips And Info On Making Money In A Recession Economy
Economic Collapse Update Note – I mention a rising 50/100 day moving average on VIX. In order for the 100 day to hold it needs to close the following week above 30.03 and the 50 must hold the 25-26 area for the next little while. Many analysists would say that the averages are flat at best, because of the big move on the day of almost 24%. This is big that it gained this much, showing more signs of a potential top on the market. It is a matter of when this happens, which is why going long is …
25 Responses to Economy and Stock Market Update (October 30, 2009)
cultivatelife
November 30th, 2009 at 1:54 pm
webbot a failure or not, it doesn’t matter. Either way, it is dangerous. We already know thru facts and figures what lies ahead. Why do we need a confirmation from a system we do not and cannot wholly understand? Let’s stick to what we know and prepare for it. keep it simple and steer clear from the ego building, “I told you so”. It does nothing for us. Either you’re prepared or not. Thanks for you vids endlessmountain. peace.
drewd1987
November 30th, 2009 at 2:32 pm
Ron Paul > Web bot.
Donaldwar817
November 30th, 2009 at 2:34 pm
U.S. Mint is not making the 2009 American Eagle gold proof and uncirculated sets because of the demand for gold.
harveybirdmannequin
November 30th, 2009 at 3:21 pm
CIT files for bankruptcy today! Nov 1.
Also, people are catching on that unless you have physical gold in your hands, those gold futures contracts, ETF’s, and equities in mining companies are worthless.
Has anyone tried to buy physical gold? Have you seen the markups from spot gold prices even though in most countries gold is not taxed? They are realizing that there is only a fraction of physical gold in existence needed to redeem all that PAPER gold. Gold should be over $10,000/oz.
carmenlee87
November 30th, 2009 at 4:03 pm
Webbot is still interesting stuff. Im sure there are other programs out there that the military use. They got all these supercomputers
tesskansas
November 30th, 2009 at 5:00 pm
I heard that COMEX announced that they would accept gold to cover contracts. Please verify, as I do not recall the source.
JiveDadson
November 30th, 2009 at 5:02 pm
Webbot is nonsense.
Donaldwar817
November 30th, 2009 at 5:24 pm
Webbot made a similar prediction for September 19th 2007 and compared the event to sept 11th 2001.. People found little things that happened around that time to make the prediction seem valid just like they are now for the Oct 25th prediction. Wikipedia doesnt list anything significant happening on Sept 19th 2007.
Donaldwar817
November 30th, 2009 at 5:30 pm
have we started to narrow down any ideas of the Sept 25th prophecy? i’m still being open minded and giving it another week to play out.
iloveterriers
November 30th, 2009 at 6:28 pm
Good video endlessmountain.
MrZ421
November 30th, 2009 at 6:32 pm
Yeah, I do also like the Zimbabwe banknotes for demonstrating a FIAT currency.
Nice to see that you’r also one of the more 100 trillion dollar rich people in this world.
cosmicguerilla1
November 30th, 2009 at 7:07 pm
nice one , might short the $ too at 200 ma .
cheers
goodagofilms
November 30th, 2009 at 7:55 pm
The problem with this econoimic Collapse is it takes so long to work it’s way out. People have very short attention spans. Every event that happens, they have already forgot the last one.
Our grand children will read about these times in text books.
shawnaspen25
November 30th, 2009 at 7:57 pm
Because the S&P PE ratio is around a all time high of 136ish. Commercial real estate is collapsing and the people on CNBC are driving me fucking nuts! Also the markets are showing all the signs of topping.
matushka78
November 30th, 2009 at 8:01 pm
3 things happened on and around oct 25
1. BHO declared swine flu national emergency
2. Capmark filed for Chap 11 bankruptcy, commercial real estate is starting to unravel now
3. the biggest under the radar story – Saudi Arabia dropped WTI as price benchmark for U.S. crude – this is HUGE…
deadman12078
November 30th, 2009 at 8:42 pm
Thank you.
kilo199999999
November 30th, 2009 at 8:50 pm
I wish I had SKF today..doh.
kevink040
November 30th, 2009 at 9:49 pm
it’s hard to say what the future holds for PM’s, but one thing I know is, even if the price drops precipitously you still have the physical product – and the good chance that the price will recover
in time.
unlike paper investments and stocks- when they bottom out, theyre gone for good!
kevink040
November 30th, 2009 at 9:50 pm
the BIG difference between the Deflation of the 1930’s and today is the fact that U.S. currency wasbacked by silver and the coinage was 90% silver.
today U.S. currency is backed by nothing, and the coinage is clad.
that is why they can print endless mountains (no pun intended) of currency with no worry of ever having to back it with anything real.
yugster78
November 30th, 2009 at 10:05 pm
maybe the powers that be threw that 3.5% GDP figure in becuase they knew things were going like fart in a fire storm and they needed some desparte good news.
brendandylanmaloney
November 30th, 2009 at 10:46 pm
I read that all people of the world in government, etc. will be replaced with light beings pretty soon,that is why we dont really know what the hell is going to happen in the future.I mean I definately know things will change significantly.There are so many posibilities it is endless.
huskie767
November 30th, 2009 at 11:03 pm
folks be careful with PM’s….don’t get creamed by the biggest period of deflation (long term) since FDR’s great depression delivered to you by BHO. BHO is FDR all over again!
endlessmountain
November 30th, 2009 at 11:54 pm
If I have a $1K Silver poster, which is the final prize I think Silver has before it dies, what does that say?
I am bullish LONG RUN for all assets that are usable and in demand. Silver is one of them for many great reasons of its uses and its supply levels.
POSSUMTOHIDE
December 1st, 2009 at 12:27 am
Thank you for the information! Many large movements are going on behind the scenes- 100% in agreement!
kevink040
December 1st, 2009 at 1:05 am
Hi Derek, are you still Bullish on Silver?
I havent heard any new info from you lately, just wondering what your long outlook is? thanks.