For what it's worth...
and that shouldn't be too much... Dollar looks like it will have a few more sessions of strength and I believe the guy who pointed out that Gold will continue to trade with the dollar eventhough it hasn't been in lock step over last little while. I don't understand the principles of manipulating Gold / Oil / or the Dollar on behalf of the US Government so I can't even offer a theory on that action - if it exists and I suspect it does when it suits the bigger purpose...
Bernanke wants to spend his way out of deflation but that hasn't gotten traction yet. It will soon but I don't know when - maybe after Obama is in the command chair.
I decided to short Gold / Oil / TSX at the close. Running tight stop losses - which is kind of stupid but I will check them in the morning before opening...
I think we have a few days of pain in everything as punishment for the recent runup only to be iced by all the bad news and the wonderful forward looking projections from our fearless leaders...
"The immediate future does not look good and we expect things to get worse before they get better..."
Still trying to figure out which sector I can run to to wait it out... haven't got a clue... sure impressed with those of you who are predicting the future accurately... still not good enough for me to bet my money on it... like I say, will watch the pre-market like a hawk...
I suspect oil and Gold will recover in the near-term ( if not tomorrow morning first thing - LOL ) but again, I don't have a thesis that I can backup with good arguments or incredibly reliable TA...
GLTA