To: roguedolphin who wrote (2953 ) 10/22/2006 10:46:11 PM From: roguedolphin Respond to of 50135 Excerpt from Bullwinkle's thread on IHUB...... (some nice charts and full commentary on the link....)investorshub.com OVERVIEW: The past week’s activity was a replay of the last 6-8 weeks, poor economic numbers and higher stock markets. This market continues to make new highs on the DJIA and SPX. The same cannot be said for their little brothers the COMP and R2K, at least not yet… A push of major proportions is still in the works. Be it the Fed, foreign purchases or what have you. Speaking of foreign purchases, these also hit an all-time high with an inflow of $116.8 Billion in August. That is a humongous amount of money and goes a long way towards explaining the push we have been witnessing. A nice trade off for the Oil cartel to make their money through the US stock market while they were suppressing oil prices for a leader they need in control? Could such a deal be set in motion by the powers that be? If you don’t think they are capable of pulling off such a move, then you have not been paying attention to who the major players are and their ties to one another. Besides the Fed pulling strings, there are G7 Central Bankers who may have an equitable interest in a certain election outcome. Then there’s Goldman Sachs, Henry Paulson, the Saudi’s and the Oval Office just to name a few. C’mon, it is more than possible. As a matter of fact it is quite plausible. Now we see OPEC has opted to cut production. Could this move have been more perfectly timed? Right before the election, I mean it fits the modus operandi like a glove. Also take into consideration the inventory numbers; crude numbers are up and gasoline inventories down. Seasonality? Refinery bottleneck? Short squeeze? The whole time oil prices have declined there was not a single drop added to the SPR. Why buy it at $58bbl when you can buy it at $70bbl? It would not surprise me in the least if they began adding to the reserve again real soon now that cuts are to be implemented. Either way, when I see these kinds of things it makes me suspicious to say the least. Having said that, for whatever reason and to who or what may be behind it, I sense the tide may be turning in the heavily beaten down area of commodities -- namely Oil and PM’s. While the jury is still out on Oil, which may or may not be under pressure due to a global slowdown, weary speculators, blah, blah, blah -- precious metals and miners have been gaining some momentum over the last couple of weeks… Seasonally speaking, it is Gold and Silver’s time to shine. As we approach the Holly Jolly time of year, we have been in a solid consolidation phase for nearly 6-months now and have seen similar phases in the past where an extended sideways move was followed by a formidable rally. While I think new highs would be quite a feat, never say never…investorshub.com Rogue