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November Sector Review


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Just found out that my health insurance premiums are up 15% for 2004. I am freaking out a little here.

 

We're supposed to have 0% inflation rate in Germany. Socialised medicine is slashing benefits and hiking rates only marginally, I am privately insured and keep benefits but receive the tab (I do not have the option of reducing my benefits - so I cannot really say I am privately insured, but never mind that).

 

The interesting thing is that socialised medicine hasn't cut benefits by 15%, so those price increases are being "compensated for" somewhere. Probably the guys responsible for socialised medicine are planning to "catch up" somehow.

 

Conclusion: It is nearly impossible to stay out of the way of this freight train, even if you think you have insulated yourself well enough.

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Just found out that my health insurance premiums are up 15% for 2004. I am freaking out a little here.

 

We're supposed to have 0% inflation rate in Germany.

That's why there are Gold stocks.

 

They are up 60% this year.

 

Outrun inflation by buying gold or gold stocks.

 

Meanwhile, everyone else is falling behind....

 

Incomes unable to keep up with rising prices.

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There is always inflation somewhere in the economy.

 

Right now there is no question about where the most inflation is to be found.

 

Commodities, commodities and more commodities. Gold, copper, gas and cattle.

Maxxi:

 

How about posting some weekly gold stock charts up over the weekend.

 

Thanks......

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Guest The CoinGuy

I've been trading GSS for about 3 years..lots of fun and plenty of predictability. Likes to break the DT line and retest from above to complete its A-B-C. Will be watching this level on Monday.

 

Looks like one of you physical Goldbugs have been shopping recently.

 

First Gold Coins Found in Salvation Army Kettles

 

Also thought I'd mention premiums on semi-numismatic and numismatic coins are on the move. Will post a chart, if anyone is interested.

 

Best Regards,

 

TCG

 

EDIT: Will add it might just test the UT...will be watching closely...

post-7-1070665281_thumb.jpg

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More evidence of an upcoming energy and gold price explosion.

 

I wonder if Bill O'Neil at Riverboater's Daily will have this "Cup and Handle Breakout" chart posted with his assorted Hockey Sticks:

 

http://clearstation.etrade.com/cgi-bin/bbs?post_id=5028984

 

CRB could get really mean and nasty to the upside. Especially since the consolidation is right under the prior highs of the decade.

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Guest The CoinGuy
More evidence of an upcoming energy and gold price explosion.

 

I wonder if Bill O'Neil at Riverboater's Daily will have this "Cup and Handle Breakout" chart posted with his assorted Hockey Sticks:

 

http://clearstation.etrade.com/cgi-bin/bbs?post_id=5028984

 

CRB could get really mean and nasty to the upside. Especially since the consolidation is right under the prior highs of the decade.

I'll readily agree with the chartists prognistications, but will have to mention, I still haven't found a good way to play the CRB...I've been using nat gas as a sub. Anyone have any ideas?

 

Besides the Rogers Raw Material Fund, I'm already there....Any individual plays to look at? Mutual Funds?

 

Best Regards,

 

TCG

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Jet Blue also getting hit. 

The flood of oil expected from Iraq did not materialize this year.

Hard to believe that Jet Blue got whacked for 40% of its market cap just due to "lower fares due to capacity expansion" and "lower traffic due to fires in southern California" as the company claims.

 

I used to fly Jet Blue for its non-stop from N.Y. to that little Art Deco jewel in the heart of L.A. County, Long Beach Municipal Airport. But Jet Blue sold out its customer lists -- names, addresses, DOBs, even SSNs in some cases -- to a Homeland Security contractor for data mining purposes. The whole report was published by Wired. It deeply enraged me, since I was probably one of the data points run through the snoop computers.

 

On my next trip to Big Kali, I flew ATA. You have to stop in Chicago Midway (less of a traffic problem than O'Hare), but the fare was lower than Jet Blue, and the equipment, service and on-time performance were all acceptable.

 

So screw Jet Blue. Maybe the boycott by former customers such as myself is biting their sorry collaborationist ass. I hope so.

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Just Watching Crapvision:

 

Art Cashin said (paraphrasing): We're in a "Through the looking glass market...and if the dollar starts to drop more rapidly...anything is possible."

 

 

Then heard Rick Santolli of Barrons on gold:

 

They are now recommending that people purchase physical gold for investment purposes. Thinks gold stocks may have gotten ahead of themselves, but even Ron Insana made the point that all the gold companies stopped hedging, and that gold is breaking out into a full blown bull market.

 

Anybody enjoy S today?

 

Plunger

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For all you contrarian contrarians out there (i.e. dollar bears, but "first comes a big bounce"): EURUSD monthly. That thing has 140 written all over it. So what if it consolidates a bit and formes a "handle". Maybe it doesn't.

 

I personally have chucked the USD-index. Waste of time when you have the second largest currency and the oldest currency to compare against the Dollar.

post-7-1070666600_thumb.jpg

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Hard to believe that Jet Blue got whacked for 40% of its market cap just due to "lower fares due to capacity expansion" and "lower traffic due to fires in southern California" as the company claims.

The airlines are tanking for one reason...same reason the retailers, the chip stocks and every other mo-mo sector is going to tank...they were gamed so far beyond their realistic value that there is no possible chance they can earn enough to justify their trading levels...that's it...no buyers...period. Even if mortgage rates come down more, I can't picture a scenario where CFC and NCEN will be more profitable next year in the mortgage space than they were last year. There's simply less cash available to "cash out" in a refi, and the top is pretty close right here for those two.

 

The action that caused S (or SNDK...same game) to walk straight uphill for a year was purely criminal. The big players who were responsible for throwing massive amounts of other people's money at the tape every time it was rolling over, were the ones who knew to get short when they were going to stop playing that game.

 

It's been pretty damn obvious that nobody believes that the market is correclty valued for the past two weeks, as nobody was doing any actual buying...just crossing their fingers and wishing their bonus checks would arrive before the market collapses. With that type of mentality at work, what does that tell you we should expect the day after those bonus checks are cut?

 

With the Noreaster laying waste to the northeast coast for the entire weekend, watch CC and the rest of the retailers fall straight out of bed on Monday (Internet retailers on the other hand will benefit), since nobody will leave the house to shop...which will then result in massive discounting the following weekend. The retailers are TOAST!!!

 

Plunger

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