I'm glad I stayed out for the past week or two. Work has been to busy anyway, but there's a peace that comes with living life almost normally rather than fret over the whims of the indices, the ups and downs and ups and downs of FAS and FAZ and gold and silver.
FAZ's run to 48 today was a stunner to see on the chart when I finally let myself look at it a few minutes ago. I didn't think it would trade out of its range (35-44) this soon. I'm not tempted one bit to nibble here. No amount of occupying will save the fractional reserve banking system in the long run, but that's still a ways off. No way the banksters relinquish power anytime soon, but I sure think FAZ eventually rockets to 81 again, then 100. I'll wait for a retest of 35 first.
Quite the ride
Monster volume yesterday (Thursday)
Time for a dip in the 44 & below pool?
The recent run has been bushwacked, hasn't it?
That's a whole lotta bailing out of a sinking ship
This can't be going to 52 or 44, can it?
Maybe yesterday was the blowoff sell day to end
this drop, but it sure doesn't feel like it
Freaky view of this gold 2x ETF
Simpler view isn't necessarily more bullish at all
Quite ugly, but clean in a sorta neat way
Due for another mini dip? Charts at this point
are nothing but visual candy because Euro
monetary chaos is out of control
I remain completely seated and satiated in the bleachers. No playing in this farce of a market.