Today was the first day of the month. Usually it is a good day for stocks. The word was that the trend was continuing because pay rolls were hitting mutual funds and then the cash dispersed into equity. Today we went against that trend. Why?
I think the Black Box Algorythem machines know the drill and wanted to get a jump on the fund managers, so the Algo Machines from Hell lowered prices while the managers were left footing the bill. If I am right we should see a big day tomorrow, as the Algorythems make their play with their fresh fiat. If not a few weeks of huge up moves, it will be a few days for sure. The moves in gold means the system has had to massively leverage itself, and why will it not go for broke?
Gold stole the show today, and the scene has just started. Bernanke may have been blind sided by corporate equity, but it will be the dollar that ends dead. This is not the end of the play, but there is about to be a climax. It is straight up from here.
Tuesday, March 1, 2011
Gold Bull Herd
Well, now, look what we have here! A real breakout in precious metals confirmed this morning, and then it is off to the races by the end of trading. Most noteably is the dollar move to the upside, and its subsequent sell off. See that lightning rod ontop the DXY? Yes, that is a selloff. We will see Dixie move back into today's trading range shortly.
Gold has made the move we were waiting for! It is time for the next move! Platinum is at its resistance level of $1840, silver is in some new range that has not confirmed support or resistance, and oil is right back to its resistance level of $100 (WTI). Gold has joined the fun, so it is time to get this party started!
Big cap corporate equity sold off today, in a last ditch effort to secure dollars which in turn will either be reinvested into big cap, precious metal, or oil. The next move will leave everyone not in the know in the dust. It will be the move that seperates the herd. Move with the front runners, do not get trampled under foot. Move with the gold bulls, they will not be run off any cliffs, as they alone have foresight.
Gold has made the move we were waiting for! It is time for the next move! Platinum is at its resistance level of $1840, silver is in some new range that has not confirmed support or resistance, and oil is right back to its resistance level of $100 (WTI). Gold has joined the fun, so it is time to get this party started!
Big cap corporate equity sold off today, in a last ditch effort to secure dollars which in turn will either be reinvested into big cap, precious metal, or oil. The next move will leave everyone not in the know in the dust. It will be the move that seperates the herd. Move with the front runners, do not get trampled under foot. Move with the gold bulls, they will not be run off any cliffs, as they alone have foresight.
Breakout Confirmed
Gold and silver broke important resistance this morning, and platinum has confirmed this breakout by moving to its resistance of $1830. Silver is now in very fresh territory, which means it has no resistance. Gold should next move to $1440 before a slight pause. After it breaks $1440, all bets are off, and we could see a huge move up.
The dollar is under full capitulation, adding fuel to the fire. Look at those up and down strikes. They are huge. WHACK! WHACK! WHACK! WHACK! Four of them so far; there has been four up and down moves across DXY 78, the current support level. So the dollar gets hit over the head with reality. Welcome to the real, doelarr (see Tracey R. Twyman).
And now with big cap corporate equity down, the world should see what the best investment is. Oil is up, and oil is a horseman in this ride to glory, but how will anyone trade oi? Oil will trade for precious metal, as for a currencie, with no fiat middleman.
Italian banks are the second to get wise now that they and Germany will use gold as official collateral for their liabilities. Of course, they did that before, and this is merely a charade. Gold is on bank sheets. It sit in vaults. It is the chief asset of the financial system, and has always been.
Yet the world does not know this. People say we are off the gold standard but do not understand the double speak. We are, but we aren't. As the US is at war with Af/Pak, but are not. We have pulled troops out of Baghdad, and so are pulling out of Iraq. Double speak is common since 1984.
Oil is in a light of its own and it is only a matter of time before there is a supply crunch. Oil demand will not lower with the billions of Chinese and Indians engaging in the global middle class. America will pay up to $4 per gallon before it breaks GDP, and they will drive; they have to.
The world failed to remember peak oil. They failed to remember because they knew and forgot. Everybody can understand that reserves have been established, but not everyone understands the earth is not filled with unlimited oil. There has been no major field found in forty years, the low hanging fruit has been picked, and technology only speeds production up. The other alternatives to replace oil are either old tools, like windmills, that have no room for growth, solar which is in an infant stage of development. hydroelectric which takes oil tools to create (cement, trucks, bulldozers), and dirty energy like coal. Natural gas has not been adequately brought to replace oil either. Also coal and natural gas will peak too, eventually.
So as always the Trinity finds herself alone on the top of the mountain, away from everyone and everything. The flood of fiat liquefies the world over, as people struggle for the truth. The Trinity watches from safety, wondering if anyone will make it up the mountain. They will find her there.
The dollar is under full capitulation, adding fuel to the fire. Look at those up and down strikes. They are huge. WHACK! WHACK! WHACK! WHACK! Four of them so far; there has been four up and down moves across DXY 78, the current support level. So the dollar gets hit over the head with reality. Welcome to the real, doelarr (see Tracey R. Twyman).
And now with big cap corporate equity down, the world should see what the best investment is. Oil is up, and oil is a horseman in this ride to glory, but how will anyone trade oi? Oil will trade for precious metal, as for a currencie, with no fiat middleman.
Italian banks are the second to get wise now that they and Germany will use gold as official collateral for their liabilities. Of course, they did that before, and this is merely a charade. Gold is on bank sheets. It sit in vaults. It is the chief asset of the financial system, and has always been.
Yet the world does not know this. People say we are off the gold standard but do not understand the double speak. We are, but we aren't. As the US is at war with Af/Pak, but are not. We have pulled troops out of Baghdad, and so are pulling out of Iraq. Double speak is common since 1984.
Oil is in a light of its own and it is only a matter of time before there is a supply crunch. Oil demand will not lower with the billions of Chinese and Indians engaging in the global middle class. America will pay up to $4 per gallon before it breaks GDP, and they will drive; they have to.
The world failed to remember peak oil. They failed to remember because they knew and forgot. Everybody can understand that reserves have been established, but not everyone understands the earth is not filled with unlimited oil. There has been no major field found in forty years, the low hanging fruit has been picked, and technology only speeds production up. The other alternatives to replace oil are either old tools, like windmills, that have no room for growth, solar which is in an infant stage of development. hydroelectric which takes oil tools to create (cement, trucks, bulldozers), and dirty energy like coal. Natural gas has not been adequately brought to replace oil either. Also coal and natural gas will peak too, eventually.
So as always the Trinity finds herself alone on the top of the mountain, away from everyone and everything. The flood of fiat liquefies the world over, as people struggle for the truth. The Trinity watches from safety, wondering if anyone will make it up the mountain. They will find her there.
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