Thursday, October 15, 2009

WATCH EURO vs. GOLD....

ANY SELLOFF IN GOLD SHOULD BE "FACT CHECKED" AGAINST THE EURO...WHICH IS NEARING 150 ON THE DOLLAR.

THE MARKET MASTERS LIKE TO MANAGE SHARP DECLINES IN GOLD ... THEIR ABILITY TO CONTROL THE GOLD MARKET MAY BE WANING WITH THE RECENT RUSH INTO GOLD BY GLOBAL CENTRAL BANKS...AND BECAUSE OF THE DISMAL STATE OF THE "REAL" US ECONOMY.

ANY SHARP DECLINES IN GOLD WILL BE BUYING OPPORTUNITIES...

IF THE DOLLAR HITS 150 ON THE EURO...I'D EXPECT SOME SERIOUS THINKING TO KICK IN GLOBALLY ABOUT WHAT'S REALLY HAPPENING IN THE US ECONOMY...WHICH IS A LOT WORSE THAN MANY OF THE TV TOUTS THINK...

INDEED TOUT TV HAS ALMOST CREATED A "FANTASY AMERICAN ECONOMY" ...WHICH BEAR LITTLE RESEMBLENCE TO THE REAL ECONOMY ON MAIN STREET.

AS THE REGIONAL AND LARGE "CONSUMER" BANKS KNOW TOO WELL...!

LIKELY DOW 10,000 WILL BE VERY SHORT LIVED......BUT THE STATE OF THE DOLLAR IS KEY...

GAS AT $3 WILL SNAP THE US ECONOMY INTO A CATOTONIC STATE VERY QUICKLY...

AND THAT WILL OVERCOME THE HYPE ON WALL STREET ABOUT THE FED FINANCED MANIPULATIONS BY THE BIG INVESTMENT BANKS AND THEIR "PROFITS."