Once again the dollar was weak, and metals rallied, while stocks wallowed.
I am once again long metals, short stocks. Options Expiration on the Comex tomorrow. If they cannot bring prices down watch for a secondary bear raid into the weekend. This is how they played the last one.
Of course it is possible that the paper bears will be broken in their attempts to take on the bullion demand, and will be forced to retreat and attempt to defend a higher price level. This has also happened around an expiration.
The US is heading towards a crisis that very few understand, whether out of ignorance or arrogance. I have been a little surprised by this, but it is only to be expected, and is the hallmark of the really 'big events' in which God let's us have our way, if only to teach us that our ways are not His, and bear the taint of death.
"In this world there's room for everyone, and the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way. Greed has poisoned men's souls, has barricaded the world with hate, has goosestepped us into misery and bloodshed."
Charlie Chaplin
They'll never learn, it seems, except the hard way.
