Wednesday, December 14, 2011

Gold 'best' target of 1590 blown through...

And now the game begins.  And yes, in the weirdest way I am relieved.

People please, safety first.  Activity within the PM's will indicate.  Tell me now how the GSR is just noise.  If Bernanke wants to, he can blow up the GSR at any moment it decides to look too bullish (BEARISH FOR MARKET LIQUIDITY).  He did so in 2010 and the playbook would have us believe he'll do it again. 

But here's the thing, he has not done it yet and the GSR continues to threaten.  Hence I continue to watch it like a hawk, just like last week and the week before that and the week before that and the week before that and the...












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