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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday 24 October 2014

SPX

looks like 5 was a matching wave with 1. My guess is that  this whole wave from 1820 is a B wave,with C down to start soon


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4 comments:

  1. Anonymous25 October 2014 at 02:24

    Jim Willie discusses the implications of a Deutche Bank failure. http://www.youtube.com/watch?v=Y9w1lo-X7ts

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  2. Anonymous25 October 2014 at 03:50

    Do you have an opinion on what Gold or the metals in general will do? I could see where a new high would cancel all fear again which should be bearish for Gold.

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    Replies
    1. Chartrambler25 October 2014 at 14:44

      Ive just done a post on gold.I think the 20 and 40 dma's are as good a giuide as any.There seems to be a disconnect caused by government manipulation and the strong dollar.I am fundamentally very bullish on gold for the next few years. Was Jim Rogers saying he would buy at $1000 recently ? We could certainly fall lower if 1200 breaks again

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    2. Anonymous25 October 2014 at 17:19

      People who understand the "paper price" of gold vs the actual value of Gold get it. What the paper price does is irrelevant for LT holders. What a great opportunity to load up. Marginal cost of production ~ 1200 Au, 24 Ag. No take no genius to analyze. W

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