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Massive breakout above a thirty year consolidation and everyone is scared to death?
Maybe if the chart was flipped upside down.
S&P Gold (Formerly Precious Metals Mining)* Turned Upside Down
Secular bull market, exhibiting massive breakout above multi-year resistance, end within the context of greed and euphoria,
Continue reading Bull Market Tops Form In the Context of Greed and Euphoria, Not Fear and Despair
A mistake for whom? There is only one side of the trade here – the right side. Success or failure will be determined by market forces not bureaucrats.
While certain groups will always setup the mark(s), their operations will never alter the secular trends. The Euro will reverse as the dollar inevitably weakens when
Continue reading Absolute Flushing of the "Marks" by the Sharks
A lesson from Jesse Livermore’s Reminiscences of a Stock Operator:
" There I was, short five thousand shares of UP (Union Pacific). on a hunch. That was a much as I sell in Harding’s office with the margin I had up. It was too much stock for me to be short of, on vacation;
Continue reading Be Right and Sit Tight
December 10, 2010, at 7:36 pm by Eric De Groot in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
Think about this: US banks have the ability to value their assets however they choose, making their balance sheets a total cartoon.
The problem with falsification of legal forms on foreclosures is not resolved. Yet the rating agencies are totally silent on US banks.
The shorting of the euro operation is
Continue reading In the News
Do you think the Fed’s decision to move ahead with QE2, despite the strengthening economy rhetoric, was coincidence with the rollover in "the Formula" and "Leading Formula" in November? Don’t think so. When the formula rolls over, it begins to feed on itself as described by Jim.
Identification of the real secular trends shows
Continue reading The Timing of QE2 Was No Accident
Dear Jim,
We are taught very earily in life that there are two sides of everything. The battle between good and evil, cartels versus free markets, bulls and bears etc. Unfortuantely, embracing this life lesson will pick the pockets of many men and women in the markets. There is only one side to the
Continue reading Life’s Lessons
I’ve (Real Retail Sales) Fallen And Cannot Get Up
The real up trend in retail sales broke in 2007. For lack of a better description, they have fallen and cannot get up since 1999. This trend, reflective of waning demand, deteriorating credit creation, and currency devaluation, cannot be repaired by stimulus or QE.
S&P
Continue reading Real Estate Sales Reflect Waning Demand
December 5, 2010, at 7:33 pm by Eric De Groot in the category In The News | Print This Post | Email This Post
Following the lead of QE to infinity, so it will be. While often quite entertaining, headline explanations are basically useless. You won’t make a dime chasing the headlines. Follow the money for the real news.
EU rescue fund should be increased: Belgian finance minister
Reuters, Sat, Dec 4 2010
By Justyna Pawlak
BRUSSELS (Reuters)
Continue reading You Won’t Make A Dime Chasing the Headlines
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