Posted: Feb 24 2009 By: Jim Sinclair Post Edited: February 24, 2009 at 7:17 pm
Filed under: In The News
Dear Friends,
Nothing has changed in the last 12 hours.
The Chairman of the Fed is speaking.
Tonight President Obama gives a major address, that is if major means to be concluded by the time involved to deliver it.
The equity market is in a deep oversold condition so a rally is not hard to produce in the index and then into the Dow.
Gold guys are so scared of $1000 that the traders who think they can trade gold and gold shares for insurance are out.
The “Oh my God! $1000 did not hold!” is the war cry of the gold guy dumping. Thank God this is not an army – so many of their tanks only have a reverse gear.
The negative PR flows in the Euro are to help the major hedge funds in their effort to financially break Middle Europe. These flows are now reaching spiritual levels.
Nothing has changed in the last 12 hours so emailing Trader Dan, Monty or myself asking is wasting your time and ours.
Respectfully,
Jim
