glittering prospects - smh 13/11 - fml 17 cent, page-9

Showing some potential of a change in direction, seems to have broken on overhead resistance from the falling pitchfork but would still need to break the rising one to give any confidence to me.
Personally I'm still very wary that the market may still have a sizeable near term corrective up it's sleeve, market very hard to read with too many plausable interpretations ATM, probably explains the falling volume (nobody sure), a large break either direction due IMO, I am leaning toward downside for the market, I dont intend to sell into it, just accumulate on dips all the way, as IMO gold equities will either tread water or rise gently against the falling market, but when the gold price peaks, then we will all wish we'd been accumulating as we'll break hard to the upside.

I think the next 3 years are going to be telling, italy got to refinance 200mil by april, the next big elephant in the room...spain; nah...USA; not yet...IMO France & maybe Germany at the same time, Their banks are all exposed to massive losses as the smaller PIIGS default, organised or not, the bank shareholers are going to pay bigtime (naturally including superfunds) because of Basel forcing the banks to prop up the bond market in the guise of asset backing??? There is a big transfer of liability in play, & ha been all along IMO, this is why I back the slovenly greek populus in rejecting bail outs (despite their pollies), coz its bail outs of bond holders not bail out of greeks.
Ask yourself how many freinds do you know that own bonds..me none. So who is being protected, who owns the bonds, Governments, Mafia, The Vatican, yes gangsters all of them, trying to pass on the liability to Joe Soap.


PS I'm only on my 3rd beer, 4 & I'm anyones :)