Hi Reiner and all
oppppssss....
or is it what is seems?
from my point of view
one word from FED "moderate" change the market sentiment
coupled with Greece deal pushing through
and the CDS worked out
market breath a sigh of relief
and suddenly found confidence and decide to take risk
and many that took gold as hedge
quickly abandoned their position
and follow all the analysts
for "riskier" equities
thats what I hear from the market
and pog reacting is a healthy sign for me
at least the herd mentality is still going strong
(of which I used as contrarian and guidance for social mood)
this is what the bots use
this is what we can use the bot use
yet I am happier than ever
because this confirm my paradigm and theory
its abit late to write too long
and I am somewhat surprise anyone read my post at all
yet I hope those who read
may benefit in any way you can use it
im going very simplify and short here
need to hug me bed soon
pls forgive my incompleteness if any
when Lehman strike the financial world meltdown
and FED swing into action printing money
and was hail as hero
europe soon when into boohoo
and timmy G when to europe several trips
to convince them US knows best
and they bought it
and now they are in boohoo
and china is now in boohoo
but china refuse to play USA-imitated
so they buy gold and assets around the world
so far we agree?
the problem started in US was deflation
and FED came in to ... say control it
and the market temporarily went back to inflation
(may need Infose to correct me here)
inflation is good for gold
deflation is bad for everything
all this short position and hedge position on gold
did spike the price somewhat
but as far as I can see inflation is
a bigger problem now
not smaller
after all i am looking for central bank to buy gold
to protect sovereign position
not just mere market
i am look too world gold council data as well
cb is still the biggest buyer on gold market
p/s read the gold posting on HC here - very interesting stuff there
how soon do you think market will snap
and switch back to gold?
when they realized inflation is getting sky high?
and printing money is bad idea?
FED is being use as crutch (my view)
and by one word the world is going to change?
also pog we refer to in comex future
fml has many days still to make adjustment where needed
fml is cash positive
hypothetically they stop work for a month
what would happen then?
also gold has strange effects
I am still very hopeful pog will come back
my timing was off
as I didnt take into account of FED's one word
yet 1700 and climbing 1800 and 2300 is still my firm LT view
this is no more than market pms
people are so wired still on 2007 high
they think their glory day are still alive
or trying to keep it alive
by whatever means
and often then could mean
jumping to which ever boat that promise quick return
hence volatility and distorted charts and data
now that the dust is settling
and the global financial market bought some time
all assest class including gold
can be more properly valued
the volume to buy gold has been increasing
I dont see it reversed
question: name one country that is no tackling high inflation?
im glad deflation is contained somewhat by central banks
by injecting massive liquidity
now politicians need to step up and fix inflation
btw i am still punting for QE3 in 4th Q
but this is good for goldies
there is always the possibility still
gold standard may come back to play
anyhow that my 2 cent mumble jumble
probably contain many error
so pls pick whatever that is useful to you
Oh as for fml sp
now that the world seems more stable
the big fish may feel more comfortable to take large position
big fish have capital
but they hate volatility and uncertainty
once they work out their position against the world
they will buy growth assets
we may see sp more north
notice there are several large off-market XT started already - what do they see?
kinda reverse psychology stuff
all i hope to share here
is some data and indicators
so some of us can take and lock in our position
before the market gets swipe off
thats means we need to get in early take some risk
and abit more patience
which should come to an end soon - payday
:)
after all if you are not the herd
you are likely the herd handler
you control your destiny
:)
***PLS DYOR
again my brain is not clear atm
need sleep so pls DYOR seriously
good lick to all
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