Bovinski. Humble opinions have certainly been close cousins lately<G>.
Per your quite correct observation, "Any more 'strong dollar' nonsense will lead to a currency induced financial panic". Fact is, the panic as shown in the numerous Asian market stock charts I posted a couple of days ago indicate the panic has already started.
You did a great job with your extensive series of posts beginning OVER a year ago showing that Asia (as the high growth region of the world economy) is THE PLACE to watch for emerging trends in the world markets.
And, following that script, it's happening AGAIN, as the Asian market charts I posted last week clearly show. Danger signals have been flashing in all the Asian markets for weeks!
Finally, a few days ago, as diving markets in Asia spread to South America and then to Europe, the key CBers acted with intervention on the EURO. But once the train gets a roll'in she be lot harder to stop, by golly. So no question senior, A LOT MORE intervention is on the way.
And to wax political for just one moment<G>, all this intervention will do - or more precisely - all it's INTENDED TO DO (in the words most often heard in the halls of power) "just get us through the election".
Knowing that, it's important not to underestimate how much mischief the big gov/socialist politicos here and in Europe can do in the ST to our portfolios as they try and cover their sorry butts for years incompetence, neglect and outright destructive anti-enterprise policies!
Anyway, my advice to everybody long oil, NG and/or the precious metals is:
1. Don't trade with close sell stops. And hunker down for more ST market manipulation attempts by the dudes whose salaries our tax dollars pay, lol.
2. Keep some cash to buy dips induced by these politically inspired attempts by the various gov CBs to dampen oil, NG and gold in the next few weeks as part of a frantic effort to delay the INEVITABLE takeoff in inflation that is almost upon us.
Hang in there troops. After the election it'll be time to rake in the green!!<G>
Salud!
Isopatch |
