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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (78239)	8/22/2011 9:59:27 PM
From: TobagoJack	1 Recommendation Respond to of 218107

paper profit is a burden realized profit is a responsibility Martin Armstrong: The US Treasurys are headed to record lows while gold is going up above $1800 coming close to this week’s projected resistance at 1860-1900 followed by 2050-60, which moves up to 1910-1960 followed by 2085-2105 for next week. These are NORMAL projections and still not a PHASE TRANSITION type of move just yet. Those projections stand at 2400-2600 level this month and become possible should gold rise above 2100. Support in gold is now beginning to form at 1730 and holding that on a daily closing basis will keep gold in a bullish position. A closing above 1818 today (which was achieved), will warn that gold can still press higher into tomorrow. A closing tomorrow for the week above 1900 would signal an explosive run next week. Gold and US Treasurys trading together illustrate the point that the BIG money has not begun to move and is still parking. Corporations are at record highs with over $2 trillion in cash holdings also parking in Treasurys fearful of investing with the future so uncertain. Those who try to predict the future with fundamentals get their head handed to them without exception because they become fixated largely on a couple of issues that are more often than not too domestic. Lacking worldly experience, they become just deer in headlights. A closing tomorrow on the Dow BELOW 10906 will warn that next week we may again drop sharply. Even a closing BELOW 11280 will keep the Dow in a weak position (which was achieved today). There is support down to 10320. However, a monthly closing BELOW that level will then point to a retest of the of the 2009 low with support picking up again at the 6952 level. Those who keep praying for a 90% decline as it was in 1929-1932, fail to realize HOW that took place and WHY. It is NOT the private sector that is the problem – it is the public sector. Some stocks are paying great dividends that you cannot obtain in bonds, or any that you might think of buying. So it is just not as plain and simple as some portray buying gold and nothing else. The time is not ready for a stock market recovery just yet. That is certainly true of the economy as well. We have the collapse of SOCIALISM and that means that unemployment will rise, but largely from the collapse in government employment at all echelons right down to the local municipal level. The longer politicians refuse to reform, the worse this will get.