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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (162543)	1/18/2012 6:13:53 PM
From: MIRU	1 Recommendation Respond to of 206159

"The risk-on trade appears to be back, but why?" CC, I have read that the FED's swaps with Europe are functioning as kind of a back door QE-3. (I don't fully understand the financial mechanics) Also there is an inverse head and shoulders in the S&P measuring to 1370 or so. And the explosive rally in semiconductors today indicates that some big money thinks the much warned about inevitable world-wide recession is over-advertised. The POO doesn't seem to be signaling weakness yet or even causing it for that matter.

To: CommanderCricket who wrote (162543)	1/18/2012 6:15:55 PM
From: Salt'n'Peppa	1 Recommendation Respond to of 206159

Well, what I see is stubborn unemployment in the official US rate (we won't even talk about the actual US unemployment numbers!), Europe going into a mild recession for most of 2012, China slowing rapidly, banks still not lending to one another, stubbornly high oil prices and an insane US energy policy. Backdropping all this are markets that are nearer their all-time highs than the 2008 lows. It all has me very nervous. Oh, and add to this the Iran and North Korea risks. I continue to hold a select few oil companies and have a select few option positions but I have a heck of a lot of dry powder (80% of pf) just in case of "an event". I'm in the "Debt Free" camp for now. S&P