Watch for....many things to take place next week. The PMs and JPMs have just gone trhough their usual "option expiry", monthly bludgeoning; JP Morgan and the usual culprit bullion banks have done their paper shorting in the futures markets to bring gold under $1200call options expiry Tuesday...so that they are not in loss territory. They simply cannot deliver any gold or silver to speak of because it does not exist. Also, the very same culprits are most likely positioning long right now in the PM and JPM stocks as gold and silver will most likely see a V shaped recovery beginning next week. Watch for PM stocks to fly. What a great time to position yourself....after this orchestrated, interventional sell off in the PM and JPM sector. The criminals have been relentless on all levels as the PMs had to be trashed as much as possible to maintain the lie that the US economy and dollar are the best choices to be invested in.
There has as been a Washington and Wall St. orchestrated attack on the Euro which, in the short term, has been successful. All of this is to take the heat off the fact that the US recovery is now faultering seriously and the stimulus effects are wearing off. All efforts have been made to falsely maintain the $US as the world's reserve currency at the expense of the Euro...which, in six months will be favoured over the coming demise of the $US. There are ominous signs that the US economy is now in very deep trouble and one notes that Dunn and Bradstreet has lowered ratings of 80,000 US businesses in the first Q of this year. The US Fed now owns $2.3 trillion US mortgage debt that is being falsely claimed as an asset on the balance sheets with an imaginary value placed on them that have no bearng on the real market value of thse assets. Tax revenues are down. Rising corporate profits mask falling sales and accounting tricks. US households are mired in debt and a whole new wave of mortgage resets are on deck. It goes on and on.
So, next week will be a good week to be in the PM sector..and espeiailly I should think...SFMI. With all the concrete progress and the forthcoming, positive news stream...I am looking for a very nice reaction to the upside in the stock price...above recent highs.