Fiends Charts

[DeepBlue1]

If the following article is correct...and it does make a lot of sense to me... then I think it means that silver will continue down as long as the market continues down and margin calls and redemptions continue coming in to the big hedgies and mutual funds.

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/10/10/financial/f160309D01.DTL

I'm not so sure that means it'll rebound even with a market reversal though since that margin call and redemption money is probably gone to money heaven. Also, if the market does make some positive moves at least a goodly portion of the remaining money will be chasing stocks in the hopes of a huge recovery based on some government inspired miracle move.

So far this weekend I've heard nothing about them agreeing to guarantee the LIBOR interbank loans which I think most agree is the best thing they can still do and what seems to be working pretty well in the UK. That's probably why they're dragging their feet on it. It's too good of an idea for this crooked and dimwitted Bushie bunch to understand.

So... I'm really not expecting a continuation of the upmove started on Friday because the market isn't getting what it really needs. And Cramer isn't helping either...Friday night he was saying he wouldn't be surprised if the market opened GAP DOWN at around 6000 on Monday, and he's recommending buying in traunches on Monday and then Tuesday when he thinks there MIGHT BE a big turn/bottom.

I DO THINK that serious inflation is in the cards at some point in the future, but a serious recession would seem to work against that in spite of all the liquidity being injected into the world although that is probably mitigating the deflation to some extent even now.

All of this is forcing me to change my earlier statement that "after this bounce up to 9500ish(if and when it happens) I'll be AGGRESSIVELY buying silver again".

Silver/gold will not imo be a buy again until INFLATION becomes the subject of concern in a bigger way.

On the bright side...I can think of two divy stocks I'm going to AGGRESIVELY INVESTIGATE in the VERY NEAR FUTURE. And thank you again for bringing those back to my attention. That seems like the ultimate solution for me and wifey for the next several years.










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