djia crumbling

toward next target 9800 (IMO) as financials burn ..... djia down 357, Morgan Stanley down 40%, Goldman sachs down 28% as I post.

Meanwhile gold is up 60 whilst AUD is down 2% to 0.78 as RBA does the right thing to keep the Ozzie mining industry alive and well ... unusual decoupling from gold hey ? AUD-POG is actually up about 100 bucks/oz last few days.

GORM asset deflation phase in play ... gold is going up on flight to safety, not inflation fear.

Cash is king (but where do u keep it) this phase of the megabear but gold is king of cash .... we got 2 mill ozs in the kitty as well (?) In paper burn phase later, gold is emperor of the universe.

My point .... we gotta keep assessing what is real and what is smoke and mirrors and why we hold any particular stock in our portfolio and what strategies for the portfolio.

Mine are repeated ad infinitum in here and sticking with the GORM.

Meanwhile margin calls will mean babies get thrown out with the bathwater to repay the debt of the market losses.

Paper burn phase follows the asset deflation phase ... sticking with that and hence picking away at the resources arks.

Reminsicent of period leading to 87 crash but them days "derivatives" wasnt in the lexicon and nowadays the FED prefers death of a thousand cuts.

GORM megapivotal base is at DJIA 9500 - 9800 for mine tho they have changed the DJ components so often not sure if can align with the old.

I stick with the "opportunity" side of the half glass of course .......

May Zeus keep us all safe as Rome burns and the true definition of globalisation ..... socialism .....emerges.

IMBOOC