Just one more piece of evidence for the gold-bear disposition. I'm more bearish than ever. Target: ~$720 on gold.
Oh, and for those of you who might of thought I dont' know what G. Gordon Liddy looks like. Come on. Give me more credit than that.
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Just one more piece of evidence for the gold-bear disposition. I'm more bearish than ever. Target: ~$720 on gold.
Oh, and for those of you who might of thought I dont' know what G. Gordon Liddy looks like. Come on. Give me more credit than that.
My gold shorts are doing fantastically well. Now that $900 is broken, the odds are better than ever. I am holding on to every single one of these shorts.
FAZ, as the kids say, not so much. Obviously I wish I had the FAS (instead!) which I sold at $3.50 and has nearly doubled since then. The rallies in C and BAC will end, but Bank of America, for example, could get as high as $10 before collapsing again. Perhaps we should have paid more attention when everyone was clucking about C being a "penny stock." That day was the bottom (so far) for C.
A trio of announcements to begin the day.
Let's take a look at a chart,shall we?
We have to keep an open mind about a variety of possibilities. Here are my thoughts about each of these:
So there you have it: a declaration on my part that the market is going to move up or down. And that, my friends, is the kind of bold statement which had made me the the bad boy of charting I am today.
Hey, some pretty encouraging news here from Citigroup's top U.S. equity analyst!
Oh, wait a second. Never mind.