dewcon
Quality Control Expert
I may have a TINY bit of gold put in da safe, but you know how i break things and get on a buying spree. I could get you working 40 hour weeks id get a little more of that yellow stuff Tim.
take a look at the labor force participation rates over the same time period. That "decline" in food stamp recipients is blip or, possibly just a totally made up stat. Lets face it...the govt has a habit of goal seeking with their numbers.
All I can say is I like the rise....
Enjoy it while it lasts OBN. On Tuesday if Draghi goes "all in" on ECB QE (which is looking very likely), watch gold sell off I'm probably gonna regret not cashing in a little gold on this peak.
I may have a TINY bit of gold put in da safe, but you know how i break things and get on a buying spree. I could get you working 40 hour weeks id get a little more of that yellow stuff Tim.
I will be watching any sizable pullbacks closely. Anyone that can read and understand charts would be able to clearly see the up pattern being developed.... except on the monthly chart of course
Your absolutely right Steve...which proves my point. Just when you think you got it figured out (studied charts, trends), it goes 180 on you and your like We'll just have to wait and see how next week pans out.
Thursday afternoon headlines..."US stock market posts huge rally in late trading thanks to ECB QE rumors, gold tanks"!
or
"Stock Market loses mounting on bad China data, red metal meltdown and Draghi dovishness".
Packers vs. Patriots Feb 1st?
Well well..... $1300 and going up. Love to see another run up the ladder just before tax time....
Yeah and look at that gut punch metals took after the ECB "leaked" cough cough TRIAL balloon regarding tomorrows QE announcement. So stocks rally on news that super Mario is going to try something that has already proven not to work. They will try to defend the $1300 level with paper price attacks just like they did at 1200.