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

To: prosperous who wrote (85172)	12/28/2011 4:48:04 PM
From: pater tenebrarum	6 Recommendations Read Replies (4) \| Respond to of 219835

I posted something on pm's a little while back, with alternate wave counts and projections included: acting-man.com I should add, sentiment seems pretty much shot by now (those 'public opinion' sentiment amalgamation charts are now below the 2008 low in silver and just above it in gold). Also, there is something one needs to keep in mind, namely the fact that US true money supply growth currently (as of end November) clocks in at 15.4% year-on-year, among the strongest annual rates of monetary inflation of the post WW2 era, with so far no signs of slowing down. Euro area money supply inflation was on the other hand extremely subdued over the past year, but with the ECB's latest inflationary measures that is bound to change. So there is actually a fairly gold-friendly monetary backdrop, my guess would therefore be that the current downturn is a correction of the overbought condition encountered not so long ago - provided these fundamentals don't change in a hurry.