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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (12896)	10/21/2011 9:12:34 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 33421

John, I can agree with much of what Mr. Grant says. High commodity prices are a deterrent to economic recovery, IMO. Of course, so are excessive gov't regulations (environmental impact statements.. etc). But right now the Europeans have "kicked the can" down the road for a few more days, on their weekend decision and it strikes me that, minus some other event risk, cash is looking for yield and it can't find it in the bond market. So the only recourse is equities. I smell a major short squeeze in the making, especially in the financials. Banks must lead economic recovery is the general rule and it strikes me that this sector will be the focus over the coming days. Hawk

To: John Pitera who wrote (12896)	10/29/2011 10:41:12 PM
From: richardred	Respond to of 33421

I'll Reiterate an old 2003 post I think was the first ever SI post to reference GOLD this way? I was intrigued by a very good poster at the Placer Dome board where I first heard it from him long ago. I've even heard the late Mark Haines use the statement. I miss Mark this year. Message 19479995 I still have to say to myself when the biggies want to sell some quantity of gold. IMO- Eventually they will. What will they want to do with their proceeds?