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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: TH10/2/2008 11:23:59 AM
3 Recommendations  Read Replies (3) of 110194
 
Crazy, crazy, crazy.

I'll make a bold prediction, you are about to see one of the most stunning reversals in gold, miners, and the dollar ever seen. I say less than four trading days, but I think it may start as early as tomorrow afternoon.

I watch gold getting wacked today, and the dollar in rocket rally mode and I ask why? Is it because the US is so much more honest and has been to confessional first and thus will be first out of the gate to recovery? I don't think so.

I think it is just pure desperation. And this is the shake-out of shake-outs.

Let us see, but fundamentals do not support today's activity. Or I am completely mistaken about the real reason I loaded with gold five years ago. And it had nothing to do with <price inflation>.

Good Trading
TH
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