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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Secret_Agent_Man who wrote (45861)10/18/2011 11:42:17 AM
From: TH  Read Replies (1) of 119361
 
SAM,

Nice.

What pisses me off is that we have a market that completely ignores all the, "real" rules, until it is so blatenly obvious that the, "rule" must be followed.

Take a look at the PPI. That is a scary monster print. And the, "new" Wall Street logic is that the Fed MUST do something about this. And so they sell their gold and silver, because they are just so far ahead of the curve, yada, yada. But then, a week, a month, whenever, they realize that Bernanke is not going to do ANYTHING to stop it (and you even have super idiot clowns like Evans talking about jacking up the inflation target so they can fix unemployment...yea, like anything they have done so far as worked).

So, we get knee jerk selling based on a fantasy that Bernanke is going to do what Volker did. The world is completely different and Bernanke simply cannot stop unless he was to accept total implosion of the system. And gold knows it. Soon the clowns that sold this morning will know it too.

GT
TH
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