re: have we been had? +=+===+++
wake up you guys! Blackwolf is being sarcastic, he is making a little joke. of course things are crook & have been for a long time. Never mind Jim Puplava etc, this time around, it's no less an authority than Greenspan (where have you been, Uncle Alan?) coming out with some semblance of truth & reality.
<< Dr Greenspan also indicated that business should already be prepared to cover rate rises clearly flagged by the Fed. Financial markets were badly shaken by his comments. According to Bloomberg, the Federal Reserve chairman told the European Banking Congress in Frankfurt that "International investors will eventually adjust their accumulation of dollar assets or, alternatively, seek higher dollar returns to offset concentration risk, elevating the cost of financing the US current account deficit and rendering it increasingly less tenable." >>
my question is: how will our market, including of course oils & golds, react on monday? in the past, experience has shown that reactions over the weekend are unpredictable. next day is easy. more often than not, kneejerk reaction to the Dow, currency moves, commodity prices etc. but the two days of reflective thought & interpretation can lead to anything between a very massive reaction (in this case it would be downward, with an up for oil & gold) or a levelling-out of the "so-what, there is nothing new about all this" variation.
as I've said before, gold needs to make a much more decisive move to really set the world on fire. all this relentless climbing is admirable as far as it goes, but the adventurous trader wants more!!
the same goes for oil. I can't see anything else with similar potential on the horizon. entire sectors that is, not individual stocks.
