To: TobagoJack who wrote (85309 ) 12/30/2011 6:53:26 AM From: 2MAR$ 1 Recommendation Read Replies (2) | Respond to of 217996 Gold recieved the bounce yesterday off 1522 now trading up against 1rst resistance @ $1575 , if still in correction mode this will prove some resistance , traded GLD heavily yesterday just respecting the KISS/oversold readings rather than the overly bearish sentiments...same could be said of AMZN that sold off early premarket but buying that dip found a bounce all the way back to even from 5pts down ..was just too oversold ...now to see if this Au=$1575 behaves as a wall or not today , seems to so far . Following this deal made with the independent Kurds and XOM for Oil developement in the northern territory of Iraq which is going to cause much friction with central gov't in Bahgdad and agree that Iran's being backed into a nuclear corner & this latest threat is the fruit of 75 yrs of careful strategic planning by the US & the Brit's "higher intelligence" of attempting to seclurarize the region backfiring in their faces . How Iraq fairs on its own with the withdrawal of troop prescence , is as usual anybody's guess now its in their hands. Who ever "they" are <g France's unemployment now the highest in 12yrs , job numbers here first indication are rising back up toward 400k Ford says the amount of money spent on gas is now 8.4% of the average family’s budget. It’s the highest in 30 years. http://bit.ly/t9EG8p The trades i mentioned bottoming in the fertilizers $MOS $CF $POT 2wks ago have been really performed well with the latest bottoming/bounce in the $Corn Futs , and yes the Oil Refiners COP MRO XOM & CVX have been real bulls lately on the ME friction. MCD and the defensives divi stocks MO LO PM RAI SBUX etc have all been bidding up to new all time highs . MON is the first biggie to report 1/5 , then we get the real picture of the Banks with flurry of their earnings all starting in the middle of the month along with AAPL , IBM, GOOG, INTC etc .