Spooz, dollars a bore.
Amazon, gold, Priceline will soar.
Parlaying gains more.

Priceline - Daily

Market Rap 9.November.2009

The risk on trade was
on. Stocks strong, dollar weak as
gold keeps shining on.

S&P 500 - Daily

Spot Gold - Daily

Communicating with Delivvery, Controvversy and The Timer last night over my own private wire, we discussed the repositioning of the trading accounts into massive amounts of gold and silver. I told them we need more, as I’d like to corner the silver market at some point. I haven’t been this bullish on the precious metals since the 1970’s. Controvversy asked why I felt so strongly. I answered him with an ancient proverb: “Different paths can take one to the same goal.”

Then I paused and added, “All roads lead to Rome.”

For the reason imbued in this wisdom and many more, the precious metals must go far, far higher. They can’t not.

Q: Vinnie, if you think the environment is deflationary, why are you so bullish on gold and precious metals?

A: Inflation is inevitable, at some point. For now, prices are deflating. Relative to all the global money printing, there is a massive shortage of gold–which is why gold is so strongly bid here.

Gold is a buy buy buy and we are still deflating. At some point, inflation abounds. Imagine how high it will go when we hit that tipping point.

Like the 70’s, we are right smack in front of a 10x move higher in gold.

And the beat goes on.

I was long gold last year. Recently, I noted the yellow metal in a range. Now, I am a raging bull on gold. The new high in gold is akin to the new high internet stocks–EBAY, YHOO, AMZN, et.al. circa 1997.

In the years to come someone will ask me, “what about 2009-2019, what was the hot market then?”

To which I will reply, “Yes. The decade where all that glittered was gold.”

It was just like the 70’s.

And the beat goes on.

Trader Art - Gold - Oil on canvas surrounded by silver frame