Recession severe, Great Depression no way

ARNA releases positve study but the amount of weight loss not as much as wanted by market place--stock drops by 1/3 at open today. I still think this drug will be released after Sept phase 3 study report. I bought additional July call options today.

Follow this link for gold historical performance
http://seekingalpha.com/article/128358-as-history-repeats-itself-time-to-buy-gold-and-silver?source=article_sb_popular
I remain very bullish on silver and precious metal stocks.

God Bless and wishing you all a wonderful trading day.

Gold and Silver Stocks Safe Haven? Major Market rally

I took a 20 % position in SLW, AUY, RGLD,GSS. ALS:TSX remains on my watch list as does the biotech ARNA (Phase 3 weight loss pharmaceutical product results will be released at end of month). Tomorrow I will take an additonal 2% position in ARNA.
http://news.alibaba.com/article/detail/chemical/100072785-1-interview-arena-nears-final-hurdles-obesity.html

While institutions and central banks are increasingly looking to gold’s safe haven attributes as portfolio insurance, retail investor sentiment remains lukewarm with only a minority of the investment public having any allocation to gold whatsoever and the vast majority of the mainstream media almost completely ignoring gold’s continuing outperformance of other assets and extremely strong fundamentals.

Media coverage of gold continues to be lukewarm and focuses on the fact that gold has not yet surpassed its record nominal high of $1,030/oz, which is pointed out repeatedly.

What is rarely pointed out is that gold rose in nearly all currencies in 2007, in 2008 and is up some 8% in dollar terms (more in euro and sterling and far more in other smaller currencies many of which have fallen very sharply) so far in 2009 in stark contrast to equity markets (see Performance tables below).



Disclosure: none

Fed Rings Bell

http://finance.yahoo.com/news/Fed-launches-bold-12T-effort-apf-14683798.html

There is an old saying on Wall Street that no ones rings the bell--however todays action by the Fed comes as close to bell ringing that I have ever heard. I look for gold to soar and the dollar to tank. Buy april call options on SLW, RGLD, Auy. I prefer just out of the money options based on the underlying stocks price. This is a turning point--The FED is running the printing presses full tilt.