Confluence of some trend lines thru 10334-10500. begins with 50% FIB retracement of Bear Market losses.
G20 promises of stim, US employment weakness is seen as FED and friends will STAY with program, here is a sad case of bad news is good news.
It's all about ASSET INFLATION and this can go on even with weak US backdrop, it will however be a painful adjustment when withdrawn, my guess the MArch 2010 timeframe.
Debasement of things in terms of $'s continues, so many feel your best DEFENSE is an offense by riding US and FOREIGN equities higher.
WHile non of this may make any sense to anyone, onging WAR SPENDING and GOV deficits have taken the place of productive investment.
IMHO we are stuck in a SECULAR trend, and until we meet the true problems head on, we will continue to experience BOOM to BUST action.
GOLD at $1,100 an ounce doesn't seem to bother neither GOV's nor FED and WE here in the US are much off the worse for it, as our values in terms of foreign currencies and gold has been plummeting
D
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