Gold Could Hit $1,400 This Year

The gold rally is far from over and the price of the precious metal could hit $1,400 per troy ounce by the end of the year and keep rising from there, James Turk, chairman and founder of GoldMoney, told CNBC.

"In this current run I think you're going to see 1,200 to 1,400 (dollars per troy ounce) by the end of this year, and next year I think it's going to continue," Turk said.

Investors are moving out of paper gold and into physical gold due to increased risk aversion and that's what's been driving the price higher over recent months, Turk said.

BUY GLD @ $113.25 or buy Call Options or GOLD @ $82.50 NOW









The slump in equities continues today as further details of Dubai World’s debt burden come to the fore; dragging risk sentiment lower across asset classes. Asian indices are down 3-5% across the board ...

Asians indices are down 3_5%across the board and US equity futures point to an equally unsavoury open after yesterday's public holiday.

STOCKS OVER EXTENDED

Friday is the expiration of OPTIONS, take a short position before the end of the Day. I can not
fine anything to buy, everything has went up to much.

The Banking stocks are a OK buy.


STOCKS to buy on a pull back.

GOLD STOCKS
GE
APPLE
UNG
FORD

Ford close under its 50 day moving avg @ $ 6.92 on heavy volume for to days in a row.
Sell Short for move to $ 6.00 or Buy put options.

Sell short the QQQQs before close especially on another rally.

CITGROUP ( C ) UPDATE

What did i say? This stock hit first the target of $ 5.00 per share. I am looking for a new BUY point at the following:

For the 7 day moving average it Would be great if we could get back in @ $4.48. For the
13 day get in @ $4.20, 21 day avg @ $ 3.80. As a example you can buy a $5.00 Jan 2010 call opton for $750.00/100 shares.

Next target to look at is $6.50 With the highest target coming in at @ 7.50 PER SHARE.

UNG

YOU SHOULD BE OUT OF UNG @ $11.80 0N A STOP. TOO MUCH SUPPY PRICES COULD GO MUCH
LOWER.

CITIGROUP (C) COULD GO MUCH HIGHER, JUST STARTING TO BREAK OUT. BUY $5.00 DOLLAR CALL OPTIONS. I WAS POSITIVE ON THIS STOCK BEFORE CRAMER WAS @ $3.44 WE ARE NOW ONE DOLLAR HIGHER NOW.

8/05/09 STOCKS

THE BANK STOCKS ARE VERY HOT BUY BUY BUY CITGROUP (c). I BOUGHT SOME HERE @3.44 A SHARE.

LOOKS LIKE ANOTHER FORD STOCK FIRST STOP @ $4.50 AND THEN $ 7.50, CHECK OUT THE CHARTS.

STOCKS

WE HAVE A GAP ON THE CHARTS ON FORD (F) @ $6.56 THE STOCK SHOULD GO STRAIGHT UP T0
$8.00 AFTER A VERY GOOD EARNINGS REPORT PLUS THE TRADE IN FOR CLUNKERS BILL, THAT
SHOULD GO VERY FAST IF PEOPLE ARE PAYING ATTENTION. I KNOW I WELL BUYING A NEW
CAR YOU CANT LOSE. IF YOU HAVE A PROBLEM VEHICLE.


AIRTRAN AIRLINES (aai) IS STILL A BUY @6.50 A SHARE WITH NEW HIGHS TO COME @9.00 A
SHARE BECAUSE THE ECONOMY IS RECOVERING.

07/06/09 INVESTING FOR PROFITS

Now is the time to buy Alcoa (AA) $9.10.

I also suggest that you buy (UNG) at $12.39 or lower, I took a small position and will continue to add to my position as the stock goes lower. EVERYONE HATES THIS ONE,

Looking at the airline stocks, I like Airtran (AAI) which is the best performing airline stock This past year.

Regarding banking stocks, I like Bank of America which is moving toward the 50 day moving average, around $11.70.


HOWEVER FOR THE SHORT RUN I DO SEE 7500 ON THE DOW. BUY BUY BUY