2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

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To: 2MAR$ who wrote (77416)	8/8/2011 11:53:35 AM
From: TobagoJack	Read Replies (1) of 217840

I adore Stanley area of un-hong kong, and am really happy to be back. France is for holidays, but hong kong is for living. Re gold and the ramp, I do not want to piss away the paper gains, and do not want to be left behind, so must zig then zag very ... Luckily. In the mean time, just in in-tray acting man update: Praying for a Luxury Miracle A look at the markets again in view of the recent rout - to our astonishment, Wall Street strategists are as complacent as ever. Not one of the strategists interviewed by Bloomberg thinks a recession or a bear market likely - all insist one should stay long. What they are hoping for is what we like to call the 'potent directors fallacy' - the idea that the jack-in-the-box in the form of monetary and fiscal authorities will jump out and save us. This is a mug's game, as countless historical examples show. While monetary inflation no doubt has a big effect on nominal stock prices, no intervention has yet managed to actually stop a market move from unfolding. We also look at some of the interventions that have been planned over the weekend in more detail - from the vague (G7) to the concrete (the ECB's new and improved bond market manipulation program). Now that US treasury debt has been hit by a downgrade as well, gold has become the 'only game in town' - the go to market for anyone looking for insurance. Pity that only about 2.7 Olympic sized swimming pools of the stuff exist in the world. Lastly, the way the crisis has played out thus far is fatally reminiscent of the early 1930's - there are differences, but also many disturbing parallels. Creditanstalt - the Austrian bank the collapse of which started the European banking crisis of 1931 - is today part of Italy's largest bank Unicredito. Gulp. acting-man.com

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