Heinz, i knew it was in the buy zone, thats why i'd been adding over the last couple of trading days, but if i would have seen this indicator, I would have gone full boat.
anyway, i made a bundle on gold stocks today.
on inflation - ya i heard a new era fund manager who is loaded on doubleclick, exodus, yadda yadda, say there is no inflation, the internet and computing has taken care of that with productivity gains,
My feeling is that there is a ceiling on productivity gains, and i believe most of those gains we've seen in this computer era driven bull market since 1982 are behind us, not ahead of us as most of these new era twerps think, who believe the internet will go doody for you.
tell the internet to fill up your SUV with a tank of gas -ggg-
the crb had a similar head and shoulder's invert off the 6 year cycle low caused by the early 90's recession - which preceded the commodity bull market into the 96 top.
this time we had an even deeper washout - a great depression type of washout.
i believe we are going to see much higher prices across the board on the crb. |
