Am I the only one here who finds the predictions and machinations described by Ferguson as extremely confusing? While I have been reading about the specs and the commercials for months in Ed Steer's postings I have always wondered how these "cycles" can be repeated if, as I understand it, one side manipulates the market so that the other side scrambles to minimize its losses. If Ferguson can foresee these events so clearly why would the specs or commercials not be able to see them even more clearly and thereby avoid the financial carnage that is being predicted? After all, that appears to be "their business."

Another thought involves Ferguson's target of $17.30. While it sounds better than $16.87 it won't do much for the AUM bottom line or for the long-suffering share price and shareholder.