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View Diary: Does Wall Street come apart next week? (55 comments)

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  •  Gold and Silver (1+ / 0-)
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    Technical trading action. Why are they
    still buying stocks? Why are there still
    violent bear mkt rallies in the stocks?
    It's just a technical condition.

    When the stock market surged last week
    money moved out of all commodities. That's
    a technical action, taking off their hedge
    because of external interventions of non
    open nor free market activities by the central
    command planners ( communists ) is hard to
    measure and value.

    Gold hit a high level in the spring,
    dropped back to test $850 support level
    during the stock mkt recovery Mar-June.

    It's also called a wave 4 action which are
    volatile time consolidations.

    Once gold goes over the spring high will
    be a permanent support, they stair step.
    Gold is relatively high and there is apprehension
    and time involved to accept this trading level
    and move to a higher range over the spring high. All market psychology and trading phenomenon.
    No one really understands it but we try.

    I work in a supplier to truck manufacturers,
    truck manufacturers stopped ordering parts and our
    factory has regular shut downs, curtailments,
    temporary layoffs. But you know those truck manufacturer stocks havent crashed yet. Now some of that is inflation, they can report higher $ earnings on lower unit count and hide some damage. But in any case markets are not
    necessarily linear and are more a psychological
    phenomenon but eventually reprice to reality.

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