Time to kick some a#%, folks.
Hey now, you're an all star get your game on, go trade
Hey now, you're a trad-er get the show on, get paid
All that glitters is gold
Only shooting stars break the mold...
JI
jimkane
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Posts: 33,089
Well, as much as I really, really wanted gold (and especially silver) to break down from their areas, I think they are now in explosive moves up that will sustain, possibly right into the collapse. If the ECB appears to be able to do even a fraction of what they said, I can see gold smokin' past $2,000 like it wasn't even there, and soon. I'm probably totally wrong, but I feel like the endgame may have just begun. It's just a creepy feeling I'm getting. Note the 'pun intended' name of the band.


JI
jimkane
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So, they sure do look like they want to take out those all-time highs before the election, as previously mentioned. Amazing. I guess we are looking at four more years of O'Bummer. I'd say 'Darn', but in this case I am 100% sure we are doomed with either candidate...
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, it closes cash at a new HOD, but no burst up yet. I guess they will do that in the AH session. Now the big question is, another big up tomorrow on the sure to be blowout jobs report (I see the odds greater than 99%, literally, it will be an upside blowout)? I can't see how the market could be flat on a jobs blowout. Remember the rules: bad report, more QE, market up, great report, economy doing great, corporate profits up, market up.
Since a disappointment in the jobs report is unlikely, nothing negative can come of it. And, as the rules already state, even if it was a bad report, that's good for the market. So, even though this is at new 'bull' market highs, again, I am 1,000% bullish. Like I said, and even Tim Knight mused about today, we may literally not see another bear market in our lifetimes, or until the collapse. Seriously, I think that is possible.
Since a disappointment in the jobs report is unlikely, nothing negative can come of it. And, as the rules already state, even if it was a bad report, that's good for the market. So, even though this is at new 'bull' market highs, again, I am 1,000% bullish. Like I said, and even Tim Knight mused about today, we may literally not see another bear market in our lifetimes, or until the collapse. Seriously, I think that is possible.
JI
jimkane
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Posts: 33,089
An interesting comment.
http://www.zerohedge.com/news/new-normal-investing-bonds-price-equities-yield#comment-2769145
http://www.zerohedge.com/news/new-normal-investing-bonds-price-equities-yield#comment-2769145
JI
jimkane
Rep: 3,058
Posts: 33,089
So, I agree here with how effective 'Dragh Queen's' new 'plan' will be. Same old, same old.
http://www.zerohedge.com/contributed/2012-09-07/marios-shock-and-awe
http://www.zerohedge.com/contributed/2012-09-07/marios-shock-and-awe

