Markets, Metals Flat As VIX Spikes
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Investors digest mixed economic reports, latest fiscal crisis
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Bob Hoye
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The monthly publication for financial institutions was started in January 1982. This competently covers the stock market, the yield curve, credit spreads as well as metal and energy prices. Bob, as chief financial strategist, writes the weekly overview - Pivotal Events
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1) How many times do we have to hear the same story about that report when Bob was a young lad?
2) We always hear about that “RSI warning” that was issued in SEP 2012. Granted; what about all those “if you buy now you will be up in a year from now” that were proclaimed throughout 2010, 2011, 2012.
3) Bob always seems to buy ” a little bit this morning”. Is it by coincidence he buys on the day of the report? What about all the other days the metals are getting pummeled?
At least once in a while make the show interesting by holding Bob up to a standard where his past calls should be addressed, both good and bad, although I have not heard of any good ones except for the RSI in September we keep hearing about.
HUI going to 150. DO NOT BUY ANYTHING GOLD RELATED.
Just an observation Frank.
I think most people looking at the chart of the hui, is expecting the massive head and shoulders to play itself out to the downside.
The target is approx 150.
The caveat to that happening is what I wrote in the first sentence, I.e. everybody is on that side of the boat, waiting for it to sink.
I happen to have the opposite view.
I think we are now well oversold, and agree with Bob Hoye and Ross clark, that we are going up from here.
We will soon see who is right.
We have a lot of unhappy bunnies out in the goldbug community!
yep, sure. You nailed it , again.
market is slightly down -0.05% and gold stocks – 1.2%
There is no buying , whatsoever.
you know the meaning of the word zero ?
I know Bob takes lots of grief for some of his calls. Well in fairness some have been very good. In 2008 he called the decline in the general stock market as well as gold, and called almost to the day the low in the gold market in his Pivotal Events dated Oct 23 2008. I enjoy his thinking on the big picture. Certainly no other analysts has the depth and breath of market history that Bob does. Are the markets going his way? Not really but I would not bet that in the end his is very right.