Gold (chart and Quote) is going crazy!
-------- Original Message --------
| Subject: | The SCAM Market: Complacency Suggests That a Bottom Is Nowhere Near |
|---|---|
| Date: | Thu, 18 Aug 2011 13:43:56 -0700 |
| From: | Jas Jain < |
The SCAM Market: Complacency Suggests That a Bottom Is Nowhere Near
Here I am talking only about an intermediate-term bottom for 2011. The bottom itself would be lower than the 666 on the SPX reached in 2009. There are way too many dopes, especially Baby Doomers, who have hung on to Scams, for the 2009 bottom to be a long-term bottom.
Dopes don't understand, can't even conceive of, deflationary depression that is unavoidable. Pushing it father in the future, over the past few years, has only made the future outcome lot worse. Dopes that have faith in manipulators, e.g., Bernanke would never allow deflation, have a surprise waiting for them. There is a better chance that Michele Bachmann would divorce her husband than for Bernanke to not let deflation happen. You wouldn't have to wait for long to find out which one happens first.
Kirk Here: Jas, what about all the people buying Gold? Are they dopes? People don't usually buy gold when they expect deflation.
Charts for
Today's Closing Values:
| Dow | 10,990.58 | -419.63 | -3.68% |
| Nasdaq | 2,380.43 | -131.05 | -5.22% |
| S&P 500 | 1,140.65 | -53.24 | -4.46% |
| 10 Yr Bond(%) | 2.0830% | -0.0820 | |
| Oil | 81.73 | -5.85 | -6.68% |
| Gold | 1,823.20 | +32.00 | +1.79% |
If you want to buy gold for your portfolio as an investment or to trade , my recommendation has been to buy the exchange traded fund, GLD (chart and quote).
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