Because folks, there are a few possible plays in progress with, I think, a primary one that sucks in the d Boys (they're still in the game and they still email me about how wrong I am on bond yields) before some upside targets get hit in various asset markets.
Now, we have hit some solid targets in gold (1,370) and silver (24.50) so people depending on the Fed's ability/will to inflate and QE us to the inflationary heavens must be vigilant about the idea that in the age of 'inflate or die' Prechter could again become very right, seemingly out of nowhere.
Still, my playbook says not so fast Bob. First we get the more bombastic d Boys giving a few stern lectures only to be summarily lit up... again.
NFTRH does not really care what the play ends up being. It will do what it always does and interpret/adjust as needed to beat the herds by a country mile. It's in the indicators, man.
