This is a video explaining Keynesian Economics, in case anyone was curious to see the rationality behind the government spending and why they will continue to spend.
John, John, John,
Do you want out? I feel it in the air. It’s about to get ugly.
No shame (well, maybe a little) Let me know.
J
Golds taking a decent hit today, the overseas markets should be interesting tonight. Tho it is only 1 right now still have 4 hours to go.
Looks like I took the lead this week. Where’s my yellow jersey John!
I expect a little retracement in both the dollar and gold early next week, then a continuation. Down for gold. Up for the dollar. We’ll see.
[quote]JEATON wrote:
Looks like I took the lead this week. Where’s my yellow jersey John!
I expect a little retracement in both the dollar and gold early next week, then a continuation. Down for gold. Up for the dollar. We’ll see.[/quote]
While yes gold fell its still at 991.70. I think gold will fall next week, maybe even the week after that. Then after that the rally in the dollar will be over, giving me 3 weeks of gold rising.
I posted a video before your post, It explains my thoughts on it.
[quote]John S. wrote:
I posted a video before your post, It explains my thoughts on it.[/quote]
He Lies!!!
Watch these vids, John. Citi and a lot of other banks are lying about how bad their balance sheets are:
Why is the DOW booming?
http://www.bloomberg.com/apps/news?pid=20601091&sid=aXqBvULNoHIM
This is way to soon to say, but maybe this dollar rally is much weaker then I ever thought it could be.
Gold down, dollar up, markets down.
There are always corrections and counter rally’s, but this is the overriding trend I see for the near future.
Are you still there John?
Yes, but I could have posted yesterday, Gold up Dollar down. I like to look at things on a week to week basis, if gold closes tomorrow at anything above 990, then I win this week.
Edit*
Something tells me that gold is going to fluctuate around a thousand for a while. this debate may end up turning into a draw, tho after this week we are only half way through the bet.
I win this week. golds at over a thousand again.
Concession:
Gold has exceeded my top range. The dollar is still within, but does not look good. The DJIA and SPX have exceeded the retracements I had set.
Conclusion, the Dow and S&P have higher highs to reach before the turn. You can’t fight the market, so I am stepping aside until the indicators show that we are at a turning point.
John, you and Shiff win for now. The only consolation I take away is that the market is becoming so overextended that when it finally breaks, hopefully I will have all my shorts in place. Until then, my only advice is be careful.
I accept your concession.