seeking a bottom!
#31
Posted 23 December 2011 - 07:30 AM
johngeorge
#32
Posted 23 December 2011 - 11:38 AM
#33
Posted 23 December 2011 - 11:58 AM
One more thought near-term - looks to me like we are setting up for an island reversal in the mining indices
stubaby
http://stockcharts.c...466338&r=92.png
#34
Posted 23 December 2011 - 02:04 PM
#35
Posted 25 December 2011 - 02:01 PM
#36
Posted 26 December 2011 - 10:07 AM
#37
Posted 26 December 2011 - 11:57 AM
Speaking of sovereign debt two articles I found interesting this am at Zero Hedge:
Japan Will Raise More Cash From Debt Issuance Than Taxes For Fourth Year In A Row
China Insolvency Wave Begins As Nation's Biggest Provincial Borrowers "Defer" Loan Payments
I wish everyone here a Happy, Healthy, and Prosperous New Year.
johngeorge
#38
Posted 27 December 2011 - 11:04 AM
#39
Posted 27 December 2011 - 11:23 AM
johngeorge
#40
Posted 27 December 2011 - 11:37 AM
it remains to be seen what the dominant themes for 12 are . time will tell
With the Mayan calender "in play" - the masses will begin to take more risk (the WTF factor) - we saw the same thing around Y2K.
Chinese have been "quiet" for a while here - that should change in the year forward.
In addition the miners are in a much better fundamental position today, unlike 2008 when the run-up before the drop was not suppported by improving fundamentals.
I'm looking for the miners to run off of this corrective into 2013, even with range-bound gold price.
stubaby