Posted on 04/01/2013 11:02:07 PM PDT by dennisw
The actions of the Fed have contributed greatly to the rally. As long as they continue, the party will go on. They say they won’t back down until economic indicators like employment improves, so for the market, bad news is good news!
AKS is a steel company and it has fallen from over $90 to $3.17 all the while the dow has been climbing. If the economy is roaring, I guess steel is not part of it.
The Tues/Friday rally continues....
Practicall ALL of the increases in this latest bull run, have happened on Tuesday, or Friday.
Nothing unusual about that... I guess???
(gold down about $25 today)
JIM SINCLAIR post for today:
My Dear Extended Family,
This is a massive attempt to break gold in order to camouflage the weakening Western banking sector. Paid bashers are flooding in to all pro-gold sites and many other pro-gold sites are under attack in other ways.
Gold banks are flogging the paper market seeking to depress the price but without selling too much.
It is so obvious that this is a gold bank organized strategy to keep gold under $1600. Old lows will hold and the reversal will be at a spiritual level.
My strategy is to simply to do nothing.
Jim
https://www.google.com/finance?q=NASDAQ%3ASCHN&ei=gTVbUdDcEIeElwON8AE
Schnitzer is also way down since its 2008 peak when I followed it
http://www.freerepublic.com/focus/f-news/3003400/posts
Here is something on what higher interest rates will do to our present “boom”
Hilarious!
Thanks for linking this.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.