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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.27-0.2%Nov 21 4:00 PM EST

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To: carranza2 who wrote (35038)5/22/2008 12:56:02 AM
From: TobagoJack  Read Replies (1) of 217980
 
the problem, and it is a big problem, of reaching the high watermark is that in effect we are being given a second chance to maybe do the right or wrong thing again, the issue being what is the right thing?

the situation with oil, if continued, will cause major pain for all non-energy/non-pm stuff, which would be ok given my current stance

but if oil is squeezed up because some fund is in process to have an accident that would trigger market/exchange intervention by officialdom, then what is the nature of the accident and the flavor of the intervention?

something may be wrong, as gartman noted
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