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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: carranza2 who wrote (78203)8/22/2011 8:30:59 PM
From: TobagoJack  Read Replies (1) of 218108
 
i am likely to take profit this day

in the mean time, just in

acting man updates:

1. Euro Area - the Pressure Remains On
The short selling ban in several European stock markets has failed to bring about the intended result - instead it has created a host of problems for arbitrageurs and hedgers. Meanwhile, euroland politicians continue to fail to reassure anyone, with wishful thinking and irrelevant blather alternating. A slight exception is provided by Mrs. Merkel who correctly analyzes the problem euro-bonds and other concessions would create. CDS markets and euro basis swaps remain on the edge. Charts updated.

acting-man.com

2. US Stock Market & Gold
In spite of last week's decline, some of the divergences we have pointed out previously have remained in place. Unfortunately the decline in stocks came a bit too fast to qualify as a genuine retest, but trading volume on the most recent sell-off has decreased and the t-note looks ripe for a pullback.

Gold meanwhile continues with its blow-off like move in spite of being quite overbought. We take a closer look at silver's behavior earlier this year, comparing the time periods when overbought readings appeared with the subsequent short term peaks. Interestingly, silver's post crash consolidation is now diverging markedly from that seen after the 1980 high, which indicates that the bull market has some life left in it.

The major currencies dollar and euro have put everyone to sleep lately - this is bound to change. Dull markets often give birth to big moves.

acting-man.com
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