THERE WAS CLEARLY A BIG MOVE AGAINST COMMODITIES THIS WEEK...PERHAPS AT THE REQUEST OF THE GOVERNMENT..
BECAUSE THE HEDGE FUNDS HAD A LOT OF RETAIL SUCKERS TO FLEECE...ESPECIALLY IN SLIVER ...AND THEY DID...
THE SILVER SITUATION WAS MASSIVELY OVER BROUGHT...AS HAPPENS ALL THE TIME ON WALL STREET WITH THE MOMO AND HIGH FREQUENCY TRADERS DOMINATING THE MARKETS...
BUT DOES IT MEAN ANYTHING LONGER TERM...? NO...
ITS JUST MORE OF THE SAME ...WE'VE HAD THESE SUPPOSEDLY "HOSANNA MOMENTS" BEFORE...BIG PLUNGES IN GOLD AND OIL...PROCLAIMING A "NEW ERA" OF EVERYTHING BEING PERFECT...AND "WORKING"... BUT IT NEVER QUITE HAPPENS...
THIS WEEK WAS A MARKET EVENT AND NOT A MACRO EVENT...YES THERE WILL BE ODD TRADING EVENTS AS THE HEDGE FUNDS AND THEIR VICTIMS THE RETAIL SUCKERS REGROUP...THERE WILL BE FIGHTS IN THE HEDGE FUND COMMUNITY OVER THE "NEXT BIG THING"...AND THAT WILL ALL TAKE A WHILE TO RESOLVE...
BUT WEAK DOLLAR ...HIGHER GOLD AND OIL IS BAKED INTO THE CAKE...ITS STRUCTURAL AND NO ONE IS TOUCHING THE STRUCTURAL SITUATION...IT COULD EVEN BE GETTING WORSE..
BASICALLY...PRETEND THIS WEEK DIDN'T HAPPEN AND YOU JUST GOT BACK FROM A ONE MONTH VACATION... EVERYTHING IS ABOUT THE SAME...
