Monday, August 15, 2011

What's Next?

Food for Thought:

* The markets rise was on only 40% of average volume for the last 10 days.
* SP500 at crucial 1200 area resistance (maybe as high as 1250) .
* The Global Structure is Not stable to say least.
* Fed's promise to keep rates for 2 years...unprecedented (What do they know?).
* Massive CDS and derivatives exposure by the banks is a black hole.
* Someone had to blow-up the last couple weeks of trading-no word yet?
* Volatilty has collapsed the last few sessions.

What does this all mean? You can figure this one out.

We stay in GOLD, away, or wait to short again.