"We went from open outcry to just crying in open that the markets aren't going to ever be like they were"I said the financial press was silent which is not really accurate as it was on CNBC, but there are more and more folks seeing the situation for what it is. My favorite question for all my friends working in financial services is along the lines of what would happen to the economy if it was forced off the fed tit? Seems that simple connection to reality causes many to obviously realize via facial expression something is not right, but they cannot admit it because they realize at the same moment they too are financially dependent on the same tit.
Good one Rick.
Woodrow Wilson may go down as the worst president in US history and his signatory legislative signing will be creation of the Fed.
"We went from open outcry to just crying in open that the markets aren't going to ever be like they were"
Good one Rick.
Good one Rick.
Might be rolling over now meaning the up signal lasted 3 days.
More indication the end is approaching with an article on the move from market price determination to price fixing in the repo market between Fed, Treasury, large institutions and primary dealers. Very troubling that financial press is silent on this important development. ABSURD
So I have evolved my charting into short term trading now which has been super profitable for me. Its really hard to insert an image in this post b/c there is no attachments here so here's a link, One of the advice's I have listened to in the past was... you make money going up and down but holding you lose.Try right click, "Copy image address" then the fith icon from the right in the bottom row, it looks like a little picture in a frame, then paste into the box.
So I have evolved my charting into short term trading now which has been super profitable for me. Its really hard to insert an image in this post b/c there is no attachments here so here's a link, One of the advice's I have listened to in the past was... you make money going up and down but holding you lose.
There has been a lot of chin music on the web about PM's going lower over the next couple weeks maybe months based on a lot of charting and fundamentally on commercials who are nearly always correct being very short on the COT and sentiment needing to get much lower for a convincing turn. All that is probably correct, but a very short term indicator, the STO curves are below 20 and poised to cross positive, so a very short term counter trend move may be in the works. Ten and 20 day moving averages are not pretty and will probably get worse as higher 20 day numbers are coming off the calculation and even higher numbers for the 10 day. Maybe the counter trend move if it develops will be short. That said, I have lightened up considerably.
Into the third day following posting the above chart, things are playing out as expected and should continue for a short while; not sure aterward.
I doubt anybody who frequents this site believes long term PM's are a poor investment, but just in case, or if you may be getting weak kneed, Here is a great article comparing stocks to gold and silver. Enjoy!