jsr Posted December 9, 2012 Report Share Posted December 9, 2012 Capitalist Pig's Market Observations #1: Gold, Silver and the Stock Market are done here! ========= Over the last two weeks, my stance on the whole market has become rather bearish. The Facts After a normal, and much anticipated correction which ended at the beginning of November, Gold has lost momentum at $1750, and fallen back to the November lows. There is technical damage. The SPX has lost momentum very near the all time previous highs. It will take huge momentum to break this. Over the coming months and weeks, this will be obvious to all. I see a number of market leaders (Apple, CMG, AZO,BIDU), are no longer leading. They are topping, and, or, have entered downtrends. I see market laggers, such as RIMM, Nokia, and the Steel producers are basing and showing strength. I have been inundated with newsletter writers stock picks recently. Most of these have been bearish for long time now. They have cracked! $40Bn Stimulus/Month. Is this really enough? What's more, I do not see the FED's balance sheet expanding. I think this could be hot air. Anyway, Obama in office for four more years. So who cares about falling asset prices right now? Charts to follow ... Link to comment Share on other sites More sharing options...
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