we are in a period of low inflation, rising dollar, and investors dont seem that fearful. and yet, gold still holds above the round #(1700). 1773 is in the rear view mirror for now. it seems we may test 1724=.382 or 1708=.5 correction. the mining indexes oversold on the hourlies. slowly, i am putting cash to work. the sovereign debt is not going to go away. like it or not the eu and fed will print. or we go down the rabbit hole.
on the horizon lies another 2008 event , w/ a weaker financial fabric then in 2008. my work shows that in 2012. where i think a deeper correction takes place. now , we are in the seasonally strongest period of the year. could it happen now? sure anything is possible. i am an investor not a trader, i hold 0leverage. all my positions are fully paid for. heroes like celente got caught holding leveraged positions. and he says that he lost 6figures. expert more news like this along the way. sure he is a professional w/ years of experience. we are in desperate times here. and dishonesty is rampant. its why i have my eye on mf global, i mean these people have segregated accounts and they somehow went in there and took folks assets. on 2 other boards where i post, 2 guys that i know also had that experience. the executives of mf global should go to jail. lets see what happens! the moral fabric of the country is in the toilet
anyway watching the #s. watching jag and ng -the latter finally, it seems , decided to sell assets to build out donlin.
tuesday is a turn date. 80 is resistance on the dollar. of course the value of the dollar is against other fiats.
watching , and waiting bulls go higher, but in their own time. i can and will wait.
dharma
forecasting is one thing , responding to the market is where the money is made
Edited by dharma, 17 November 2011 - 10:34 AM.