RE: RE: RE: PTQOnly offering one man's opinion. I've learned to be cautious when i see red flags, it's simply my personal comfort level. I rode the silver bull since 2005, and when it reached 49.00 i sold for the first time in 6 years. Not because i don't believe higher prices are coming, just that i believed a set up was in the making and it was going to be ugly, i chose to stand aside and wait it out until at least early/mid June and possibly into august/september.
Keep something in mind. Goldman warns of Oil top, then oil drops around 20%, then within weeks Goldman states 120.00 oil. How does this go unquestioned? It reeks of insidious motive. So now the mindless herd jumps back in because the almighty Goldman decrees the opposite of it's last decree weeks ago. This decree coincided beautifully with Bernanke's infamous transitory inflation speeches. Goldman wields the treasury/Fed sword, how convenient. OK, maybe the correction just might be over, but think this through without any preconceived notion and ask yourself WHY?!?!? What suddenly changed from a few weeks ago? It reeks with the stench of abuse of power. I only point out why do they want people back in commodities so quickly after this very severe, but very brief correction? What benefits the treasury and the Fed? A three week correction and then back up up and away? No way, absolutely the opposite. So let the price rise and then another hard tug of the carpet to really kill the money flowing in, and make those investors think twice about running in to the metals. How do you buck investors off the bull? SCARE THEM OUT!
They need an orderly dollar decline not a free fall, they don't want bankers hanging from the trees by a noose, they need order and a slow burn. They can't control the overall long term markets, but short term they do have tools, money, power and the ear of the talking heads to affect popular opinion. We the people are easily bandied back and forth and they know that very well.
Finally, remember when the US was debating the TAARP bailouts? 95 plus percent of the populace was screaming absolutely NOT. Then suddenly the market tanks, people start losing boat loads of money and retirement accounts dwindle. In the blink of an eye that outrage over bailing out the banks suddenly became support. See how quickly we can be swayed?
I only offer be very cautious as something is not right here, and maybe it is over, but i would be very watchful and not get to comfortable just yet. This will end soon enough whether it be now or June or end of summer, it's only a blink of an eye in the big picture and once it indeed is over, the most powerful up leg will begin. JMO.