Replies to post #144551 on Zeev's Turnips Patch-No Politics (ZEEV)

[plexxus]

mlsoft...sellers were basically non existant today overall...we ran up 172 pts during the past 3 weeks with about 50/60 of giveback on what looks to be very quiet volume...if we start to turn back up towards major resistance on the comp very good shot of it going this time. What better time to do it than during the seasonally weak period...p/c high all day.

[schloss_1]

I still think that if the market were to slip a little lower this week, he would like that very much. What better way to ensure the success of his Gambit than to offer the returning vacationers some "bargains?"

On another topic, I wonder how much control AG actually has over the gold market. Since I have some fairly good-sized posions in gold and silver, I am acutely attuned to the talk that he will fight fiercely to keep gold from getting over $370. I have even heard Fed governors like Bernanke quoted as saying they are quite comfortable with gold exactly where it is. This, while some truly knowledgable characters--like James Turk, the longtime editor of New Hampshire-based Freemarket Gold & Money Report-- believe that gold will go over $400 by the end of October this year. Hmmmmm.

schloss