bears should beware 4

Saturday 31st July Beer O'clock

On the 4th of July I posted 'Bears Should Beware'


"Whether you like it or not your CFE and other Aussie shares will go up and down with the US market. Unless something extraordinary happens with an individual company like CFE, we are attached by an umbilical chord to the S&P 500.

If you are feeling gloomy about your shares right now -- that is the way you are SUPPOSED to feel at a major bottom!

Now I haven't got crystal balls, but personally, I'm hanging in there!

http://www.financialsense.com/contributors/toby-connor/bears-should-beware "
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Since that time the price of CFE is up 10.76% and the S&P 500 is up 7.22%

Fear predominated in early July. This guy Toby Connor at Gold Scents called it and he got it right! That's cojones!!!

Here is a current chart of the S&P 500. Compare it with his BSB chart!

http://stockcharts.com/h-sc/ui?s=$spx

Toby is now saying we should watch the US Peso....errr....dollar! He is also saying he will buy gold -- which I did yesterday [just in time for a 12 buck rise overnight. I like KCN mucho!].

http://goldscents.blogspot.com/


He is saying maybe a couple more weeks UP for the markets and then a temporary turn. Now like I said I haven't got crystal balls but this guy has been pretty good so far. My boolsheet detectors tell me he is fair dinkum.

As for CFE, we are in a long-term uptrend here as the value is overwhelmingly compelling.

Happy Beer O'clock reading. Cheers,

Doomdog