Stocks down.
Gold down.
Silver down.
the Jeffolie Bummer of a Summer got started early this year.
even the dollar is down.
and if this chart is right then some fat-fingered dollar bear had a big move on the market.
check out the temporary spike down to 82.
link: http://jsmineset.com/
The $1,187 mark was hit on gold today. Jim Sinclair has that as a support area. So let's see if that can hold. Time will tell. So let's watch and see. And go out and buy the new Jeffolie Death Watch from Timex! Takes a lickin', keeps on tickin', unless you're dead...
GLL the double inverse gold ETF is doing well, but it has come off the intraday highs. but are we gonna see a small wave v now, or is it headed lower? that could tell the story of gold.
Fiat Metals holding up well.
We are still on a Fiat Metals standard.
But for how long?
da bear
... or is it the Jeffolie Debt Watch?
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GLL can go either way here
ReplyDeleteda bear
GLL drifted lower for a failed fifth.
ReplyDeleteShort-term gold is oversold and due for a bounce.
Could see the underside of $1,224 soon.
da bear