good read on why gold stocks about to rally, page-12

insane short term moves in both directions market wide,,,no matter what happens to FX/USD, no matter what marco economic news that comes out that points to concensus being way off, today its all systems go...sadly im not fast enough to be a day trader :(

Remaining short and adding to long term short positions on XJO......

At some stage the market has to wake up accept

Japan now in recession, number out way off experts numbers
Portigual in recession
Euro overvalued given insane debt problems with PIGGS and the exposure of France and Germany
UK GDP lower than experts
USA way way way off experts numbers
USA job data way off experts
USA housing numbers way off expert predictions
Empire manufacturing index showsactivity way way way off experts numbers
OZ data on unemployment a shock
Oil back over $100 a barrel which is a negative to growth
OZ Growth may have contracted , RBA
Oz banks downgraded and customer deliquencies rising
The list goes on and on, yet the market a forward looking mechanism is currently just looking very short term..

100 point bounce on XJO , not bad,,,,still seeing it grinf lower once volume comes in based soley on economic data worldwide which is deteriorating....


Back to Cave :)......