The catastrophic plunge continues! If anything the weekend hype about war crimes only diverted attention from the really serious problems in the market.
THE PLUNGE IN CLOSED END FUNDS WAS TRULY HISTORIC! CLOSED END FUNDS ARE ALL IN THE NEW LOWS LIST; AND MANY ARE SELLING AT HUGE DISCOUNTS AND HUGE YEILDS! THEY MIGHT BE OVER-SOLD NOW! AND THAT'S A GOOD TIME TO "SELL THE RALLY!"
EVERYTHING SHOULD BE SOLD. WITH THE POSSIBLE EXCEPTION OF GOLD AND OIL!
The notion that the DOLLAR IS STRONGER ON PLUNGING BONDS is just looney!
HOW CAN THE DOLLAR BE TRULY STRONG, WHEN EVERYONE IS DUMPING THE US BOND? IT'S NUTS......
Of course, what's happening is the BOND SELLERS ARE "BUYING" DOLLARS, JUST TO GET OUT OF THEIR BOND POSITIONS. AND THE MOMO GUYS ARE SELLING GOLD TO PLAY THE "OTHER SIDE" OF THE GOLD/DOLLAR TRADE.
BUT THAT'S ALL TEMPORARY.
BELIEVE THIS: IF US STOCKS AND US BONDS CRASH, THE DOLLAR WILL NOT BE STRONG! AND IT IS DOUBTFUL THAT "HIGHER RATES" WILL HELP! THE FUNDAMENTALS OF THE US ECONOMY ARE SO OVER-LOADED WITH DEBT AND SPECULATION THAT NOTHING CAN SAVE THE DOLLAR LONGER TERM!
STILL, LET THE XAU CRASH! HOW LOW CAN IT GO? PLUNGE BABY PLUNGE!
A MAJOR ONCE IN A GENERATION BUYING OPPORTUNITY IN GOLD, SILVER AND METALS STOCKS IS NEAR!!
LIKE ROTHCHILD SAID: BUY WHEN THERE IS BLOOD IN THE STREETS!
THINGS ARE BAD NOW! BUT THEY ARE GOING TO GET WORSE! MUCH WORSE! DOW 7000 SEEMS REAL NOW...............
HOARD CASH! GET TO KNOW THE "ZEN OF CASH!" CASH WILL BUY A WHOLE LOT OF "CHEAP STUFF" BEFORE THIS PLUNGE IS OVER.
