You might argue there's no urgency to sell, so proceeding is a technical trade greased with hyperinflationary happiness from lunatic keepers of beans so rotten they can't be counted, but weighed the burden is great. ("Unthinkable!," the mad monkeys scream.) Thus does a technical trade leave the market appearing vulnerable to falling of its own weight...
If you're not shaking your head back and forth, you just might be dead. 'Nuff said.
As for today's gold thumping and its relation to Ebenezer Bernanke, chief monkey at the Fed, the connection rather serves those who know when push comes to shove, dollar liquidity always will be made abundant by bankrupt central banks across the globe whenever it is needed, and this no matter its effect in quickening the pace of the physical economy's shutdown. So, per Fast Money traders thinking today's monthly gold reversal a seminal event, theirs likely will be among supply fed to strong hands who today took gold down to rest above its rising 50-day moving average, which, itself, is above its still rising 200-day moving average. Judging by today's increasing gold price volatility, though, things could get interesting fast.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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