Sunday, December 2, 2012

Coins for my cup and handles

Just two charts this week.  I see multi month breakouts coming in gold and silver.  Look at these cups and handles.  Also, twist is ending and the Fed MUST add bank credit to fund our deficits or we dive into a deflationary collapse.  We have Obama, a socialist, and Bernanke, a Keynesian, what are the odds of the latter?

As long as food and energy behave reasonably well, they will continue to juice the system.  I am thinking about ratio trades on both GLD a SLV so I can get in cheaply and ignore these wiggles.

I'd seriously like some feedback if you think my scenario is delusional.  Thanks.  Bob

No comments:

Post a Comment