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.