As I mentioned on my previous posts, I had to go back in time to catch up with the market. What I actually meant was I wanted to catch up with VIEWS of the market.

You can’t catch up with the market. The market is like a choo-choo train. It chugs along the track and if it stops on the station, you either get on it or you wait for the next train to arrive.

What I try to catch up is those who has gotten onto the train and are relating their thoughts and opinion about their ride.

So that is what I did. I went back 3 weeks ago and started to read and read and read. And I must say, it is pretty overwhelming.

I manage to break it down to categories base on my interests. And here it goes….

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It has almost been 3 weeks or rather 4 weeks since my last update… I have not been following the market this month because I am rather busy with other projects and market well… has been going up and down.

Not keeping with the market and articles for this long makes one loose touch of what is actually happening.

So, I have to time travel now to my last article and start moving fast forwarding and see what has been happening.

As of today, Gold has been as expected. Will need to post a graph. It is hovering just above $900 bucks and it is expected to move soon.

Oil, well, the trend is starting to move upwards… We shall see.

As for the market, as a whole. The sentiments are still bearish and pessimistic.

Now… I shall time travel back to early March to catch up with the market and see what I can find…

It’s all about timing isn’t it? If you were at the right place and at the right time. Or rather if you were inspired on the time day and time. You might be able to capture the market isn’t it?

This is as good as trying to buy a lottery and in turn become a success story if you punt correctly…

But I must say one things for sure, young people are bold and enthusiastic. They may and work on impulses. Imagine a 16 year old boy, got dumped, read a book to take of his mind of his heart ache… Go out and so the most crazy thing by dumping 650 into gold coins….

Anyway… the point is not about the boy… Rather the book which he read that probably inspire him and made him think about the situation as time passes by. Well since it was recommended… then… I’m on my way to purchase this book. And see what is it all about….

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By Tom Dyson

A 16-year old paperboy named Chris Weber from Phoenix, Arizona, had just been dumped by his girlfriend. It was a hot summer that year, and Chris thought he’d stay at home and read books. The first book he read was Harry Browne’s How You Can Profit from the Coming Devaluation.

This book was Browne’s first book, and it went on to become a national bestseller. (Browne revised it in 2005. Now it’s titled 99% of All You Need to Know About Money and Its Effect Upon the Economy. This is an absolutely fantastic book. It’s so enjoyable, I read it in three hours and then immediately re-read it.)

"It was a revelation," says Chris. "It is still the best explanation of what money is, and how it develops, that I have ever read. After that, it was ‘off to the races…’"

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By Tom Dyson

The media have given London a new nickname: Reykjavik-on-Thames.

Britain’s economy revolved around banking. British banks hold about $4.4 trillion in foreign debt. The total size of the UK economy is $2.1 trillion. This year, the British government nationalized major parts of the UK’s banking system. In total, the UK Treasury is on the hook for over $2 trillion in potential liabilities, according to an estimate by the Office of National Statistics.

But Britain is NOT going to be the world’s biggest national bankruptcy. The government debt of the United Kingdom is only around $950 billion… or about $15,000 per capita.

This week, the United States Treasury sunk another $30 billion into AIG… its fourth bailout. It also put another $25 billion into Citigroup. The Treasury is now on the hook for as much as $6 trillion in liabilities. Last week, the White House produced its new budget. President Obama wants to run a deficit of $1.75 trillion in 2009.

The Treasury will pay for these bailouts by borrowing money. The Treasury borrows money by issuing Treasury bonds. Tomorrow, for example, it will auction three-year, 10-year, and 30-year bonds. This auction should raise around $60 billion.

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Hmmm…. his table below does have a similar conclusion as the market analysis that spoke the other day. And yes, he did mention that we are in the giant cycle where stock market will continue to tumble over the next 5 years at least….till 2014 to really bottom out.

By the way, the analysis uses Eilliot Wave to simulate his conclusion.

Looking at Steve’s table, the analysis may be correct in his Eilliot Wave conclusion. He mentioned we are currently at the point of A B wave and it will be the C wave that will take us to the bottom. To bad I do not have the chart which he presented to show you what he meant.

But anyhow the table below you will be able to see a interesting trend. Oh… the analysis also did mention that the giant cycle is actually every 34 years a 9th Fibonacci number. If you divide it by 2(assuming the up and down trend are equal) you get 17 years!!

By golly!! Isn’t that what it is showing in the table below? 17 years up, 17 years down, 17 years up again, and 17 years down, so 1999 - 2016 is in the 17 years DOWN period!!!

So conclusion or rather prediction would be, you might see the bottom of the stock market sometime in 2015 (optimistic) or 2017 (pessimistic)…. Aie caramba!!!

Yes, great buying opportunity is coming… but I don’t think it will be soon…

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By Dr. Steve Sjuggerud

The moment we’re all waiting for is coming…

Our kids and grandkids will never have to worry. Stocks will be so cheap, it won’t even matter what you buy. As I’ll explain, it could be the start of a 17-year "tailwind" in stocks…

When I first came up with the table below many years ago, I didn’t actually think we had a chance of it coming true once again.

This table shows you how stocks go through generational cycles, lasting roughly 17 years… One generation learns to love stocks. The next generation learns to be disgusted by them.

* Data starts in 1914
^ If you adjust this number for inflation, it’s negative.

My grandparents lived through the Great Depression. The experience scarred them so dramatically, they never bought stocks, ever.

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This trick is not new… but this trick should be more apparent if you want to trade in the market these days. Yes, at times time of uncertainty, we need to be thinking about TRADING stocks and not investing.

A couple of months ago I was thinking of switching my mindset to investing. Looking for investment opportunities because price were low. But one market analysis gave me such a shady outlook till 2011 to 2014 that I thought it was not a good idea at the moment to look for INVESTMENTS.

This guy who is a fund manager said to me, this is a GOOD time to TRADE stocks. They are not volatile, they are cheap, which makes risk low… All the three ingredient are the source for trading.

Dr Steve just echoed a trick that must ever be used as in these trying times. If you are an investors, you must CUT your LOSSES if it’s a losing trade. The number one mantra in trading but this is not the mantra of an investor.  Most investors these days like the fund manager I was spoke too continue to mentioned this phrase and he does practice what he preaches. (I’ve seen his trades/portfolio)

Anyhow, if I want to make money from the market, I don’t think I will ever get tired of this reminder.

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By Dr. Steve Sjuggerud

I can’t believe I did it…

In hindsight, it was so foolish. But at the time, it made so much sense.

A year ago, I bought shares of banks and homebuilders. I admit it, I was a fool. But they had the three things I want to see in an investment…

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Interesting news from Bloomberg : Gold Most Favored Investment This Year..

A study of investment advisers shows that gold is the most favored investment this year ahead of investment-grade bonds.

We are just two months into the year 2009. It’s no surprise. Still why am I not gravitated towards investing in gold at the moment?

So will let’s see if Louis Basenese is correct about his prediction. Most of the sign and been tale telling.

It is pretty difficult to switch from a trader to an investor’s mindset. I have been trading for quite sometime, and as a trader, I look for sign to short gold. But as an investor, I should not worry about price and buy to keep.

Being a trader and an investor can sometimes contradict my thoughts and action. One of the reason why I want to see gold drop is because I want to buy gold at a lower price with hope that the price would continue to run upwards.

See the dilemma that I am in? Within that sentences, it is all about trading, but my goal is to invest. Hope I can get some clarity out of all this articles…

Currently Gold is still testing the resistance of $1000. (966.20 at the time of writing) I guess if it does break the high of 1032.30 then I guess it would continue to run still the steam runs out.

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By Tom Dyson

Business was so good, Empire Diamond and Gold Buying Service had to hire a security guard to handle the crowd in their office.

"We’ve been serving about 100 cups of coffee a day, going through three or four pounds daily," said an assistant, hurrying away to fill the empty pot.

In January 1980, gold formed a speculative bubble. Gold rose from $225 in December 1978 to $480 in December 1979. It peaked at $870 intraday on January 20, 1980.

I found Empire Diamond and Gold Buying Service’s story in the New York Times, archives from January 1980. When the gold price soared, Empire Diamond and Gold Buying Service was suddenly inundated with people looking to sell gold trinkets.

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By Dr. Steve Sjuggerud

In January, I told my subscribers why stocks could do well. Unfortunately, things just took a dramatic turn for the worse.

Let me explain briefly…

In the January True Wealth, I told subscribers why I thought stocks could do extremely well:

The world is at relative peace… Prices of assets are the cheapest in a generation… And you can borrow money at the lowest interest rates in as long as anyone can remember. Plus, the government is throwing the kitchen sink at the problem. That is the best recipe I know of for a stock-market boom.

When I wrote that for my January issue, stocks had rallied nicely after their November low. That rally was a good sign…

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Should I be very worried?

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By Brian Hunt

It’s time for an update on one of the most important charts in the world right now… the iShares Financial Fund (IYF).

This ETF is made up of the biggest names in American finance. Goldman Sachs, Bank of America, Wells Faro, American Express, and JPMorgan are all large holdings. The action in this fund tells us more about the economy in one second than hours of political speeches and CNBC rants ever could.

This week, the IYF punched through $30 per share. Giant credit-card companies American Express and Capital One are plunging right now. Bank of America and Citigroup both sell for less than $5 a share.

We’re optimists here at DailyWealth. After all, American stocks, bonds, and GDP have been in one of history’s strongest long-term uptrends. But right now, the market is saying there is a real problem with the "guts" of our financial system. Loans aren’t being paid back. Assets folks thought were worth $100,000 a few years ago are selling for $30,000. And the government’s attempt to "do something" hasn’t even budged the downtrend you see below. This fund needs to rise above $35 and stay there before anyone can say, "the worst is behind us ."