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


To: Robin Plunder who wrote (96780)11/29/2012 12:00:46 AM
From: Hawkmoon  Read Replies (1) | Respond to of 217588
 
Interesting that Ron Rosen is seeing some of the same stuff I'm seeing..

Posted this last night:

Message 28571690

And I think his comment that the market may trend higher for the next 30 days seems possible.. But hit that upper Bollinger Band line on that quarterly chart and we're likely to see major consolidation, if not potential return to the lower BB arm..

But normally seems unusual that a market collapse would result in a major move in PMs. But if Grahmn Summers is correct, and the shadow banking system is depending on backstopping their unregulated credit and derivatives with Sovereign Debt "collateral" (like debt should ever be considered as collateral), any chain of defaults may lead to a default back to PMs as the only valid collateral.

It's the most valid argument I've yet seen for being in PMs.

Hawk



To: Robin Plunder who wrote (96780)11/29/2012 12:32:22 PM
From: Maurice Winn1 Recommendation  Respond to of 217588
 
The trends he's describing are certainly looking Greek: < nvestors cannot get off of the main trend and make money, and the main trend is up for gold, up for silver, and the mining shares, and down for the general stock markets.”

Rosen also added: “There is no painless way out of the mess the world is in today. We are in the final death throes of a mess that started 100 years ago with the creation of the Federal Reserve and there is no painless way out.

The solution to solve the problem is very, very painful and it is politically impossible to accomplish. Therefore, the markets will do the work that nobody else will do and the markets work is up for gold and silver and down for the common stocks and the industrial shares. The market will do the work that the politicians won’t do.”

>

Politically impossible? That's not certain. In NZ in 1984 and 1987 people voted en masse for deregulatory financial freedom. Large changes were made.

It can happen. People intuitively know that everyone can't live on welfare or in a cushy government sinecure on the tax payer.

But alcohol, drugs, spending, borrowing and hoping are notoriously difficult habits for some people.. Plenty do carry on, all the way down the gurgler.

Perhaps the USA will go Greek. They are well on the way with no end in sight. At present, they are simply seeking another fix, "Please buddy, can you spare a dime? I need a fix fast." Argentina is going Greek again.

A couple of years ago, my gold price predictions were difficult because a lot might have happened. In fact, it's right on the sooth line. Big dramas did not happen. Negotiations are on as we speak regarding the fiscal cliff.

I will give a considered opinion after 31 Dec 2012.

Mqurice