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"Could it be different this time?"


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Crude oil is creeping back over $32.00.

 

Gold over $400 and crude oil over $32.50 will drive Wall Street to its knees.

 

Why would anybody accept worthless paper for valuable gold and oil?

Uh, they won't be doing much of that anymore. From Dow Jones Newswires:

 

He reported massive hedge fund buying, while a dealer at a U.K. bank in New York reported big buying early in the move up from short-term speculative accounts.

 

Others said a large Asian central bank were buying huge amounts of euros.

 

"We've seen them in - they've been a big buyer," said the senior dealer at a Japanese bank in New York.

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Some Inverted Fed Bullhorning.....

 

(REUTERS) FED'S SANTOMERO REPEATS THAT US MONETARY POLICY CANNOT STAY STIMULATIVE FOR EVER

 

Talk about overstating the obvious.....

 

 

Ag

No more than a drunk can keep drinking without passing out . . . and oh that hangover. B)

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If the bull has been broken, then this move up should be an ABC and we are bottoming out on the B now with one more move up? Late today or early tomorrow top.

Bunch of Bradley pivot dates end of this week?

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I am hoping for ABC move so far that is what we may be getting.

Descending triangles tend to break south, no?

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