Wednesday, September 9, 2009

WARNING SIGNS

Several indicators have pointed towards the third week in September as a critical market time. And this subject has managed to linger under the surface but like magic......it emerges. If there is a preemptive strike on Iran it would certainly trigger a dollar strengthening fear trade event. Unfortunately the stock market will tank........but that is going to occur with a dollar rally . Also we may get an oil spike ...so not sure this strike will be a reality but you must keep it in mind....the effect on gold could also be negative with a strong dollar rally. Or it could also rally hard......oh well keep your eyes on this news..I do not like the tone of this news and it could really create further problems globally. But certainly the drumbeat to war will have some airtime in the days to come.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0IZLmYI8trA

9 comments:

  1. You can't go by the warning signs today because there won't be any. Tonight is Obama's speech to Congress so we all know that with the kind help of GS we will see a lot of lipstick put on this pig of a market, the dollar and stocks will rally and gold and silver will fall. It's just that simple. So if you are looking for a pull back in miners and gold you should see it today unless this whole thing is out of control. Just the toughts of a midwestern chicken plucker..

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  2. good point.......you are right market will not be down hard for close....unless they want to REALLY paint it green tomorrow

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  3. Kli - if O's healthcare plan fails, I would expect the odds of a strike to increase a lot....nothing like a war to rally people around the pres....

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  4. you guys need to check out this article.

    http://tradingwithtoastmaster.blogspot.com/2009/09/circumstantial-theories-on-markets.html

    talks about PPT complex and how they are now manipulating precious metals to prevent P3 collapse.

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  5. It's is so interesting to see this 1,000 dollar gold playing out. What a fight we are talking BIG players here just look at the action on the charts at 1,000 it's insane. I'm staying out of the way.

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  6. still holding as ceiling.....if it cant break 1000 and hold my scenario of a gold pullback soon holds......hehehhe......but this is just frkn....amazin stuff

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  7. And hold 1,000 it did. Wash rinse and repeat.
    Right? ;o) Can't have gold over a Grand before Obama's speech now can we.. Gold is plunging fast now in after market trading.. Chop Chop..
    Thanks Kil for the work you do here it's a great service..

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  8. thnx bro but I have help not alone....try'n to help all of us get thru this with a dollar left in our pocket...........we NEED a pullback as palmejoe tells me so we get to REALLY buy the miners heavy.....be patient my brother

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  9. This is sounding more & more like the spy novel I just read where a war on Iran is engineered with "proof" of Wmds this time.

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