Wednesday, July 11, 2012
How did you like the action in the metals today. Astounding movement that left you gasping and on the edge of your seat. Thank goodness I didn't have the time to spend monitoring much of the last two days action. An absolute waste of time and totally expected. Of course I may get a surprise but I expect the current range to be maintained for at least a few more weeks now. Maybe we will get some of the boyz slipping into the trade before the Hamptons close down but I think they will try and maintain the schedule. After all its there casino and any violation is not tolerated.
Step out of the club and your fate is sealed just ask the latest MF global team. Whoops ......I guess "suicide" is one way to resolve loose ends. If you don't believe the warnings of Red that the end game is to strip away all your flesh before they fly off to their bugout locales then just read the PFG story. JPM cleaned out the players with prejudice.
Next on the agenda is the latest country to strip and primarily I believe gold bullion is their target so if you are a sovereign with a nice store of gold then you are vulnerable. After all what good is the greatest military force ever assembled if you can't rob another country blind. Go back and check out General Smedley Butler's conclusions. Nothing has really changed.
We are all rearranging the deck chairs on the Titanic right now, and that provides my distraction from the reality of the game. Even perfect timing will not provide you a win, but you can always hope the light at the end of that tunnel is not a train. Unfortunately the conclusion is much nearer now than it was three years ago.
Posted by kliguy38 at 10:33 PM