Rick rounds out comments from The Three Musketeers on today’s market closes.
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The lesson is plain, nothing short of a major catastrophe is going to break the stock market. Again Bob M is right a black swan or possibly one we haven’t seen is sitting out there. Yesterday the Dow fell 237 points and today it is back up 242 points, based on mostly that The Fed has decided not to raise rates. Traders are not going to be shaken out of the market by anything short of a major disaster.
Absolutely an insane time Machine Gun!
The market started going up well before 2pm. Could it be the big banks get leaked information in advance? Gold was crushed by the gov’t men in advance to cap the gains that were coming.
Well of course they get leaked info………….they are in the system………TO BIG TO FAIL VIA CORRUPTION ……….
THE big banks tell the FED WHAT TO DO…………..
Soon Jerry, we are going to see a mighty fearful day in the markets, I wonder if their circuit breakers are backed with fuses, only with fuses can you get one time protection that can’t be reset.
A lot of us are feeling this way, Machine Gun.
Spoke on this subject just within the last couple of hours with Gary Christenson and Doc.
DT…You must still have one of those …..screw in the fuse boxes………circ…1920…..I am looking forward to a shock (in the system), when they lick their finger and stick it in the hole, to see if there is any current…cy…..
I think we have got a V shaped recovery and may have put in a low for a long time to come. I guess a final low are mostly V shaped. But v shape does not warrant a final low. This is the toughest PM market I have eve experienced.
Cannot disagree, Lawrence! Although the 80’s and 90’s were pretty tough for me!
Fortunately I started to buy PM in 2004. My wife was trading gold stocks in 1990s and I talked her out of it. She almost bought BreX and timbatu. Everyone of her co-wrokers lost their shirts.
Interestingly enough a lot of folks did very well TRADING BreX.
Don’t know why you can say nothing happened in gold Rick.
Hourly chart in GDX surpassed 4 prior peaks with record volume for the day.
Your system Rick. Comments please.
Regards
Peter