NEW YORK (TheStreet) -- Scott Redler, chief strategic officer for T3Live.com, reveals whether gold is headed for another selloff or a rally, and how he's trading.
Gold rallied and then -- So do we peek speculation on gold war and get an -- joining me and other key strategic opposite keep you live dot com -- gold rally on Friday the beginning of a trend higher here or Friday capped out.
At this point it was a little bit more than that cut that's because he had what's going on Egypt and in the mideast OK and gold that was having had an identity crisis. Came back to be the fear trade. Now what we're gonna do is I'm gonna look at the low from last Thursday which about the -- no -- and Monday's low of thirteen 22. -- a bit higher. I think the world doesn't really know what to make of Egypt yet is -- can go to Saudi Arabia Yemen there's a lot of Romans that this type of -- could. Continuing and I do think that this will be the start of another leg higher but if all of a sudden things quiet down and -- are taking out those -- support -- points -- reference. Then gold continues to be on its move lower reverses a new uptrend.
Tuesday, February 1, 2011
Silver Price Up. Egypt Collapsing. Food Inflation Going Higher. Buy Silver!
Silver price is up right now, the situation in Egypt is not improving. If the Suez Canal gets taken and closed, oil prices will skyrocket which will raise the price of food. The flight will then be to the safety of precious metals. All base metals are up today as well. Buy silver. All that while standing in the blizzard.
Higher oil prices will hurt ant supposed recovery in the West and could lead to a full blown economic collapse or depression. Silver bullion at these prices will look cheap. We need to a new call to Protect, Provide, Prepare and Propagate. We need to take this to our own communities, not just on youtube.
People need to prepare with Silver bullion, food, sources of energy and home defense. Pray for better times but prepare for hard times. A dollar collapse would catch many off guard right now. Food riots in the middle east could become more wide spread.
Higher oil prices will hurt ant supposed recovery in the West and could lead to a full blown economic collapse or depression. Silver bullion at these prices will look cheap. We need to a new call to Protect, Provide, Prepare and Propagate. We need to take this to our own communities, not just on youtube.
People need to prepare with Silver bullion, food, sources of energy and home defense. Pray for better times but prepare for hard times. A dollar collapse would catch many off guard right now. Food riots in the middle east could become more wide spread.
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