Monday, February 14, 2011

Grid Iron

This current mkt condition to me is at a serious point.  Both sides are fighting hard if you ask me, the bulls are still in control but the real data is starting to surface... but Uncle Ben and China are the controllers of it all if you ask me. The questions that are stirring in my mind is how bad is the Job situation in China? Is there a Bubble in their own Housing mkt. ?  China is low on food, water, and commodities in general... or are they?  could this be another run  that they are creating these false bubbles on purpose to make trillions of dollars back that the U.S. gov owes them, but can not pay? China is buying gold as I have stated before.. outbuying India.. and recently the British gov't in now considering the same flight... to gold... whats up with the precious metals??? flight from their own dollars???  I stated many yrs ago to buy as much silver as possible.. and if you did it is paying off... buttttttt  silver and gold could take a major drop in price again  and if it does... I really feel that it is another buying opportunity if you have the extra $$$  because I am looking at $100 on silver on the next round... inflation or deflationary situations this time... I feel that the precious metals will go up higher and higher.....  
Back to the Market..... again we need a nice correction and our friends at CNBC has been having alot of their buddies on saying a correction is wayyyyyyyyy over due.. well, yes but the 2yr time window is coming in March... and Uncle Mchugh has a bradley turn date on the 17th,, buttt his Phi mate turn date in TODAY.... we are overbought and have overextended this rally and it has been to wipe out all the bears and to get all their money... while getting others to overextend themselves to the long side and get more out of their pockets(yours and mine)...bens magic and 600 billion are still at work... pooffffffffff!!!!!!  Have a Nice Valentines day!   

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