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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Saturday, 13 March 2010

Bullish blogspot



Here is an interesting blogspot I found today,expounding my worst fears.........a continuing liquidity-fuelled explosion of asset prices that surprises even the bulls,causes commodity price inflation and sets the stage for an even bigger bust-up than 2008............lets hope he's wrong (but buy some more gold anyway !)

http://www.goldscents.blogspot.com/

On the s&p chart we can monitor the long term mvg aves to determine whether a correction is just a correction in a bull market or whether a new bear phase is developing.In 2007 after the 2nd top the market broke below the ma's and made a high below them as they crossed.If this happens again we can anticipate a bear phase,but if we correct and hold above the ma's the bull trend is not over.

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