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Re: Market on it's heels! Obama to speak at 1:00

By: lkorrow in CONSTITUTION | Recommend this post (0)
Mon, 08 Aug 11 11:54 PM | 21 view(s)
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Msg. 14297 of 21975
(This msg. is a reply to 14294 by DueDillinger)

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Nice of gold to rise while they were dumping it. Nearly 1720, another record. Neat chart.




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Re: Market on it's heels! Obama to speak at 1:00
By: DueDillinger
in CONSTITUTION
Mon, 08 Aug 11 10:05 PM
Msg. 14294 of 21975

The primary factor driving the market down is FEAR. What we're seeing now is a panic as investors' fear takes over and they scramble to save what they have gained. Of course the only way to do this is by selling, so the prices drive ever lower.

Volume spiked bigtime in the last half hour--a sign of capitulation and an indication of a possible reversal.

Remember that for every seller there is a buyer. Guess where the smart money is today. Right...selling gold and buying the market.

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