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

To: No Mo Mo who wrote (84540)	12/13/2011 8:41:12 PM
From: bart13	2 Recommendations Read Replies (6) \| Respond to of 218030

The ~$1520 number is based on the nearby futures low of $1523.90 on Aug 23rd, close enough to the longer term trend line from '08 for horseshoes. US M3 (mine, not John Williams, since it always leads his on turns and has since 4/2006) also broke its uptrend some time ago, CPI is dropping, the ECB isn't printing much, lots of false 'noise' about how much the Fed has printed, the PBoC money supply & credit growth rate has been shrinking for some time, sentiment is very high (still way too many bulls), the dollar has bottomed and the ESF has been intervening (both w/e 11/25 and 12/2) per my work to hold it down, there's that lease rate move on the 8th, Roger's observation about a bull that doesn't break much for 11 years, the Fed's SecLend OMO is working well holding interest rates down, etc. We could see as low as the low $1300s or so... and who knows. I'll be following the short/intermediate trend and will turn on a dime & give change on 'QE3'. I do show a fairly major turn per my eclectic work around Jan 8th but have little clue what will turn... yet. I am bummed and a bit rattled that Gartman & I are on the same side though. <g>