major sell off coming, page-3

pecora

That is an interesting side issue actually.

Good will, will imo be marked down to near zero levels as a depression takes hold globaly.

The only thing that may save commodity prices, in particular gold and crude, is a major international incident that makes what is happening in Gaza look like a tea party.

I mean by that, a major development in the mid east involving the US and Iran with other players coming into the mix.

The Obama 7th heaven will be short lived.

I have recalculated my previous prediction for the aussie dollar and short to medium term, I see imo a sell off back to around .60 cents, possibly lower.

I have taken this view generally after reviewing all the data and charts at my disposal.

Sentiment is going to hit rock bottom and this is going to take momentous events to pull us out.

Who and what to blame?

Greedy bankers and market speculators. Hedge funds, Wall St crooks and inept regulators who were caught asleep at the wheel.

Good luck folks.
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WITH MY OPINION AS STATED IN THE ABOVE TEXT