We got above $1350 last
week but we couldn't hold it. I think we
really need to go above $1400 to really
clear away this overhead resistance the
only trend that really continued was the
bond market continuing to go down it's
pretty much a daily affair.
Why
didn't the stock market follow the bond
market down? Of course it's because
the stock market didn't follow the bond
market down that the bond market kept
falling and if the stock market doesn't
fall then the bond market will keep
falling and interest rates will keep
rising until it does (make the stock market go down), that is the
dance that we're doing.
A $12 decline (in gold prices) turned into a $25 rally what is that showing that as the idiot morons
robotic sellers when they see higher
than expected inflation sell the dollar
people who use their brains are starting
to dip to think and actually come into
the market and say wait a minute I don't
care what these algorithms or computer
programs say inflation is good for gold.
The Republicans have
now succeeded in doing something that
you would have thought was impossible. They are making the Democrats look like
the fiscally responsible party.
The US Dollar is going to get slaughtered a lot
more and the bond market is going to get
slaughter a lot more in the days ahead. Maybe not exactly tomorrow but
they're going to be days that are going
to come that are going to be much worse
than today. This is just the beginning
this is the tip of a huge iceberg that
is going to be developing.