Wednesday, June 20, 2007

GOLD/STOCKS/BONDS doooown

At least for today, Dear Readers the A's of "ASSETS" are getting kicked off. That includes GOLD/STOCKS/BOND, HAHA... when was the last time these three went down together? Is the liquid leaking from the liquidity tank of world ECONOMIES?

Please understand my initial hesitation this morning. The markets have performed an incredible obfuscation. Most of the things were in the middle. Of course from here any direction was possible. But the chart of total( old + new ) breakouts was looking tired and that was giving away the secret. That is why I posted this chart today, for second time ever, to indicate that something bad was possibly in cards and it should happen quickly or not. Well it did. Gold losing altitude had only reinforced my thinking that we would see the leak in the liquidity machine...

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