Gold, Silver and Stocks all tried to rally today and gave back most of their gains towards the close.  AGQ is on side TYH is offside.  Tomorrow is a day to add to positions or stop out - it all depends on what the Fed comes up with.

They usually have something say:    http://www.pimco.com/EN/Insights/Pages/yagottabelieve.aspx
So does Martin Armstrong :   http://armstrongeconomics.files.wordpress.com/2011/09/armstrongeconomics-socialism-collapse-where-to-invest-091811.pdf
While you read this go to the Telegraph link as well.  This talks about China not buying T Bills or Bonds.

It all points to a big move into Stocks gold silver and Real estate

The stock market has already gone up. It is not normally good to chase it but I am buying a little TYH to get my feet wet as we could be about to break to the upside.  We may be entering into a period when assets of any type are a good buy (including real estate).  China has to put their money somewhere and they do not like Treasury Bills and Bonds.  That leaves Gold, Silver, Stocks and Real estate as buys but keep close stops incase Europe implodes.

I still have a little AGQ and might buy some more.  If silver moves under $ 39 I will take a loss.  This is a very leveraged product - so be warned.  Stocks might also move up and I am looking to take a position but will see how today goes.  I am out of EUO and do not see anything there at the moment.

This is a blogger that I have a huge amount of respect for.  He isn't always right but he is always thoughtful and intelligent.  His long term comments on gold and silver are worth a look.  Again the market for someone who has made purchases at much lower levels is different from the market of a person who is looking to initiate a position.
Posted by Jesse at 3:18 PM Email This BlogThis! Share to Twitter Share to Facebook Category: NAV of precious metal funds if (window['tickAboveFold']) {window['tickAboveFold'](document.getElementById("latency-8286285232243339231")); } 18 September 2011 A Closer Look at the Gold Continuation Triangle, and the Coming Breakout to 2100
The Gold Daily and Silver Weekly charts are growing rather large since the key breakouts that mark this leg of their bull markets. It does give the big picture, but it could make things a little more difficult to see for the short term movements. Here is a closer look at daily gold.

Although there are a number of possibilities, some of which have been promoted by other 'name' chartists which people have sent to me, it seems most likely that gold is in a short term consolidation pattern, as a pronounced symmetrical triangle. A breakout to the upside seems most likely. That breakout will target 2100.

Notice that gold seems to find resistance and support roughly every $100 higher, at the 80's. So we might expect some hesitation and resistance at the 2080 level should the break out occur.

Barring a major intervention by the central banks, or a liquidation selloff, I fully expect gold to continue to move higher. Rumour has it that China has responded with its terms to remain neutral during such an intervention, and they were draconian indeed. And there is no controlling the mass buying by the peoples of Asia which is still just awakening. Actual buying repression, as opposed to simple price manipulation, is most likely in continental Europe if bank runs occur.

Other forms of general political repression which are already underway in the Mideast, are most likely to make their appearances in at least a few Western countries seeking their Orwellian fulfillment. This depends on some variables which are understandably difficult to forecast. Who will be the first Nato member to declare martial law? .

This is not over, not by a long shot. There is no resolution to the global currency and financing situation which is in a multi-decade change from one system to another. So I would say that we are roughly half way there. My long term target for gold has been in the $4000 to $5000 area, although a spike panic could take us as high as $6700. If it reaches that point I will be a seller of at least a portion of my long term holdings.

My longer term target for silver is in the $250 area, although its volatility could take it above $400 in a buying panic or exchange signal failure. I would consider selling long term silver holdings at the $400 level.

All these levels are obviously reviewed as more data becomes available. What else would an intelligent person do?

Watching the intermediate trend on the second chart, the dip towards 1700 was most likely a significant buying opportunity. I hope so as I took it, and in some size, although I have added and subtracted to that position as the trading fluctuations have suggested in this short term pattern.

I own no stocks, and have a slight short position on the SP.

As a reminder, there is a two day FOMC meeting this week, with their announcement on the 21st. There is also a Comex option expiration next week on the 27th.

Keeping safe is never easy when power is in the hands of the self-interested.

I think we are facing some fundamental changes but the old system doesn't go down without a fight and this is still early in the game.  I would expect to see the general economy of the US and even Europe to start to improve with band-aids but you never know.  Bloggers like this might be correct.  I think the 2016 time frame is more likely for the bigc

I have been watching the market back and fill for a couple of days.  If we are to enter the "deflationary" period all the tabloids are calling for we will need gold and silver to break the support here.  Gold 1750 - 80 Silver 39. A few days ago I thought this was a certainty but now I am not sure.  This options maturity week and we can expect some big moves in both directions.  I still like EUO but we have had a big move and it is one thing to hold positions initiated at much better levels and completely another thing to enter into a new position.  I am buying  AGQ around these levels with a close stop in case the market collapses but it is heavily leaveraged and not something for widows and orphans. 

One day all this money will come home and then you will an explosive rally in hard US assets. :  http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100011987/china-to-liquidate-us-treasuries-not-dollars/

I took my profits in ZSL today.  That doesn't mean the market won't continue to go down but I did expect it to break a little harder than it has.  I am looking for an opportunity to go back into EUO and watching for the potential of a rally in silver as it is possible that a lot of the big money has been short for this move.  Next week is options expiration week and we usually see the dealers play games