sdavid0419

Weekly Outlook: Reading the Market Tea Leaves

I've been watching the GLD loop with great interest as it has become the only predictable thing in all of finance. Those that have recognized the loop and set buy and sell indicators near the top and bottom have had many successful trips and have not had to wait to awfully long for each cycle. I know that right now is the time when the government cheaters come in and sell short GLD that they don't have intent on taming the gold bull. Along with their shorts they set their bloggers loose with fear mongering commodity swing warnings as a smoke and mirrors cover up to their ill doings. Should you, me, or Martha Stewart do this (pump and dump) we go to jail but who's going to send the government to jail? But wait a second, I believe the time has come when the Fed's insistance on keeping interest rates artifically low making CD's, Tbills, and money markets impossible places to survive the sidelines. I say sidelines because I am predicting another 20-25% down on the dow over 8-24 months before the recovery could possibly begin. Throw in the larded up bill the house passed last week with 8 years of liberal democrats pent up tax and spend projects and hyperinflation is guaranteed. GLD is the only answer I can come up with and you know when the average guy on the street starts looking to get on the bandwagon the pump and dumpers are going to get burned big time. This could start as soon as the signature goes on the final version of the giveaway taxpayer money bill.

What Is Going On With Gold?

Those of us that are conspiracists are in 2 categories "us" and "them". The writer of this article isn't one of "us". Under the guise of facility of trade and control of the masses the dollar was removed from being backed by gold. The demise of the world economic system began with computers not G W Bush so I won't blame all of it on him. My roots are in IT so when I tell you no matter what your bank or government tells you about the safety of online banking and trading they are lieing. Just like the "Spy vs. Spy" segment of MAD magazine us techies play a game in which one of us will try to devise a security system and the rest of us will be timed as to how long it takes to compromise it. Not to get too far off track the part I do want to blame on Bush and Enron was also pre Bush is the deliberate lack of any control over the economic markets that used to hold the faith and trust of everyone. I am rambling and I hate to do that so I will end by referring the writer of this arcticle to the Bloomberg freedom of information requests concerning the trading of gold. More so focusing on the timed shorting of the market beyond ones holdings to control this commodity from doing what our writer can't understand why it isn't doing other than to think his worthless dollar is better than anyone else's. No matter what is currently driving world markets, they will never fully recover until full disclosure and restoration of trading rules are clearly being enforced. This will take more than one high profile CEO going to jail.

Fed Rate Cuts Backfire, Lift Gold and Oil into Orbit

I agree with most of the above. As to TonyC's indication of baby boomers retiring I would like to add some points of view. I think his 1/3 takers will not be that high with runaway inflation an early retirement is tough to make work. Also, thanks to Clinton the way the government calculates inflation for Social Security COLA's is 1/3 or actual inflation thus burning the old folks who need this fixed income to live on. I believe the current economic policy is the final leg of the conspiracy to disolve the sovereignity of the United States and form the North American Union on way to the One World Government. Lay offs have just begun and already we have teachers and air traffic controlers arguing for raises to help offset this rediculous inflation. The next phase will be extended stagflation with demand to extend unemployment benefits. The way I see it either Clinton or McCain will continue the march towards the one world goal. I believe they are covering their bases by goading O'bama into takin Clinton as a VP as an insurance policy. I truly believe if he takes Clinton as his VP he will be signing his own death warrant.