A weak rally for the week in markets, the Dow giving some back on Friday. We expect another probable rally this week at 33900ish max or any close below 32900 will usher in the next wave three selling phase.
It seems forever this bear market, bulls believe the worst is over, yet bears just can't pull this market down. It will sort itself proper when it's good and ready, all by design to fool the most.
2008 was horrendous for many countries, some of you may be too young to know a real recession, but what's coming is part two...a stay of execution probable depression.
We believe that many more worldwide banks than admitted are in a serious and vulnerable position, could be higher than 60% of all banks will go bust on a fast online transfer run. This 60% figure could well prove very wrong and much underestimated, only time and contagion will give us a clearer picture.
Buffet dumped 13 Billion of stocks in the first three months of this year, he knows more than you and I through his connections...getting out before the stampede, better months early than a week too late.
The US debt ceiling clown show has it's annual theatre just now, expect the same result. Gold and silver were pretty weak the past week, we said last week to expect this, and it's an opportunity to accumulate more bullion at bargain prices, buyers are flocking to PM's, even with price weakness. Once the sheep recognise what's being hidden and manipulated, they will run from cash towards gold and silver.
Patience will be rewarded for those who trust and know that this fraud of a market will disintegrate itself. Like 2007, the first bear strikes were repelled until later in 2008, then in September that year, the dam broke very violently and the sheep were slaughtered, this dam is 10 times bigger.
Appreciate a thumbs up, Good Trading & God Bless you all!
It seems forever this bear market, bulls believe the worst is over, yet bears just can't pull this market down. It will sort itself proper when it's good and ready, all by design to fool the most.
2008 was horrendous for many countries, some of you may be too young to know a real recession, but what's coming is part two...a stay of execution probable depression.
We believe that many more worldwide banks than admitted are in a serious and vulnerable position, could be higher than 60% of all banks will go bust on a fast online transfer run. This 60% figure could well prove very wrong and much underestimated, only time and contagion will give us a clearer picture.
Buffet dumped 13 Billion of stocks in the first three months of this year, he knows more than you and I through his connections...getting out before the stampede, better months early than a week too late.
The US debt ceiling clown show has it's annual theatre just now, expect the same result. Gold and silver were pretty weak the past week, we said last week to expect this, and it's an opportunity to accumulate more bullion at bargain prices, buyers are flocking to PM's, even with price weakness. Once the sheep recognise what's being hidden and manipulated, they will run from cash towards gold and silver.
Patience will be rewarded for those who trust and know that this fraud of a market will disintegrate itself. Like 2007, the first bear strikes were repelled until later in 2008, then in September that year, the dam broke very violently and the sheep were slaughtered, this dam is 10 times bigger.
Appreciate a thumbs up, Good Trading & God Bless you all!
Comment:
Possible temporary bottom in the Dow.