First - I hope a Happy Holiday celebration was had by all. You might want to check out the real story of Thanksgiving on www.dailypaul.com It's a lesson in the power of real capitalism for putting food on the table versus the starvation caused by socialism back in the 1620's.
That they want to rocket higher!
The crooks are home getting even fatter, and the real market plays out at least a bit.
Today, gold launched around $20 and silver stepped up around $0.25. These numbers represent a 2.37% and 1.65% increases respectively. Gold outscaling silver now means that big money was moving the market, money from foreigners possibly, or money that was seeking safety more than appreciation as silver holds the fireworks excitement on the upside, but gold is the bedrock of the precious metals market because of it monetary role. Silver has a monetary role to play, and that will later, if it comes at all.
Opposite movements that we see in gold and silver also play out often in the main stock market indices - for more or less the same reason.
Stocks head down when the Plunge Protection Team takes a break. Sometimes aggressively down.
The message I get is that trends will pull the various markets dictated from the wise ones focused on their portfolios during the slow trading days.
During the rush days, with huge trading volume, the masses are more involved as are the big banks and the criminal manipulators from the government or their henchmen.
Ways to trade this:
Catch a quick price rise on the slow days in the metal market.
Catch a quick price drop for your short sales on the major stock markets.
Richard Russell, the 80 year old analyst who has seen it all and more importantly - foreseen it all - says that he has never witnessed a more disjointed stock market.
Both the Dow transports and industrials registered Dow Theory bear signals, but the S&P 500 and Wilshire have not confirmed this.
Manipulation does not even explain it. A sick financial patient - the U.S. - explains it.
Make the most of your resources and invest in - hard metal resources.
Saturday, November 24, 2007
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