Let's start the week with this funny article. My answer to the question, laugh or cry, is definitely cry. I have seen a similar article about Greenspan, and it was equally pathetic. How we ever get to the point where we worship characters like this, and put them in charge, I can't even fathom a guess. Or how the 'citizens' just tolerate it and keep worshiping...

http://theeconomiccollapseblog.com/archives/say-what-30-ben-bernanke-quotes-that-are-so-stupid-that-you-wont-know-whether-to-laugh-or-cry


Understand, this article was posted in Dec 2010, but is till quite valid. I wonder how many more bad reads he has done since then?

To me, that locks it down for O'Bummer, they'll repress oil for a bit if they can because gas at $6, $7, $8 will lose him the election, then they'll let it go and we'll see $10 shortly after, in my opinion. I'd like to be wrong on all this, but we are looking at O'Bummer for another four years, gas at $8 to $10 soon, and 40%+ per year inflation for staples. Houses may stay flat or still fall a little. The stock market (and gold) will be headed way up. That's what I see. Let's hope on dead wrong on every last concept...

End Game.

That was a very short-term ES buy signal there. Now, let's test my theory. Normally, after being up 30+ I would not even glance at something like this. Now, I think new highs will be coming soon. Let's see.

Watch the bullish ABCD here...

Crude making its play on 100. New high for the move.

I think this is conservative, at least as far as the timeline. I see this well before year end. Or maybe just after the start of the year. Once the election is past, O'Bummer is in, the 'fiscal cliff' hits, the debt ceiling issue comes back (and 'con'gress said this time they may not make a deal), we could see some panic into gold and oil.

http://www.zerohedge.com/news/what-does-4-trillion-fed-balance-sheet-mean-gold-and-oil

Crude 99.74... ES ready for the next leg up...

it may not be a short, but to me it's a sell...

Anyone play that? 18.25 points low to high. Amazing.

Originally posted by jimkane

Watch the bullish ABCD here...

Crude got its 100, and then some.

Originally posted by jimkane

Crude making its play on 100. New high for the move.

But the story of the day is that Euro. Is that something, or what? They can't get enough Euros. The ECB says they will print to infinity, and the Euro goes up. Fed says he will print to infinity, and the dollar goes down, and the Euro (obviously) goes up way more. Insane.

And here's a closer view to real-world inflation already:

http://www.verifythecpi.blogspot.com/