time to get in or out, page-15

Early jan sell off as expected seems to arrived...

Gold has not held that all important level of 1400 usd and moved to the promoted, 1500 1600 level as expected buy many in Dec

Obvious leverAge in the system with that sell down constantly pulling in more stops,,,insane moves in asian markets in both directions also indicate insane leverage

Info out of china was was great but would indicate they are going to have to tighten and restrict even more and soon as gdp was still way over expectation as well as industrial output,,,,,expecting even further loan restrictions,bank reserve ratio increases and interest rate movements in china to counter inflation and souring input costs....on a side note im in asia again doing a tour, was here four months ago and inflation is very strong,,,regardless of aud rise

Break out point for ncm was 36 so still expecting it to sit there until gold desides a direction, at present gold seems to be trending down for a test of the 1355/1350 area,,,failure there should see it go back 1317 which was the point it suddenly reversed in trade on low volume in nov i think following its first tumble from 1425...

Its basically sitting where it was after that dramatic close in august when everyone was reweighting because of the msci index,,,,,you will recall it was a lift from 36.50 ish in trade to 3720ish in the auction and it then went nuts from there,,,,interesting times and i think 36 is close

Remaining short