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Well, like Rick I’m not concerned either, since I’m absolutely sure that any and every market is managed, manipulated and rigged; Mostly by the US P(lunge), P(rotection), T(eam) – the PPT installed by the Powers that be (Presidential Powers given to Alan Greenspan) back after the 1987 October Crash – while a private federal reserve system has been syphoning any and all interest payments of US tsy and fed bonds – to credit their real owners.
And even that’s only part of the game; The reality as i see it is that the PTB is as conversant to the TA, than most of the gurus; A situation, which may has done more harm to functioning of equitable markets than anything else.
TA can’t ever survive in a fraudulent system, and therefor my only advice is not go with the flow … no, never – go with your own convictions.
… And if there is a pot of gold at the end of rainbow – I’m sure it was already claimed by the same guys offering the latest bonanza.
Well, I attended the free piublic webinar at coghlancapital.com today and it was pretty good. Paul Coghlan does not like to trade gold and silver. He trades mainly currencies. What I took home was that he thinks gold and silver are a bit of a nightmare to trade! Maybe he leaves it to Andrew Maguire then.
I did not take home any bullish sentiment on anything that we are interested in, gold, silver or conventional stocks.
Perhaps this webinar will go on YouTube sometime, I don’t know – but there are others on there that are worth a look. I am wondering whether to join his service or maybe Rick’s Picks!
Al, presumably you are referring to the shutdown/gridlock when you speak of the farce in DC. The shutdown which is relatively peaceful is no farce. Indeed, it is the hallmark of a free country. Obama and the totalitarians are spending trillions to build a slave state and the people as expressed through the House are simply trying to check a profligate executive. This sort of thing would never happen in China or North Korea or any other dictatorship either of one man or an oligarchy. Therefore, let us rejoice that the savage chief in a three piece suit, our Kenyan-born and would-be dictator, is not able to exercise the power he is so obviously lusting after.
Thanks Wayne. Great point! And I happen to agree with you, my friend.