Zeev's Turnips Patch-No Politics (ZEEV)

[Frank Pembleton]

My point in this entire morass of bearishness-- is that the markets don't go straight down. As for the yeller dawg -- I haven't seen panic buying from Japan like it was reported 6 months ago-- even after 20 year lows on the Nikkei, even after the reduction of deposit insurance at their banks. Are we seeing panic buying in place where gold and silver is money? India's imports are down year over year -- and gold as a commodity ain't so hot either, being that we are in a recession, jewelry demand around the world is down.

...and gold as a universal currency? lol! Gold as a momentum traders dream, oh yeah. There's no doubt that gold is being controlled by the bulls, if it weren't-- it would fall to Goldcorp's cost of production.

Regards,
Michael