You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

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Wednesday, March 26, 2008

Who woulda thunk it?......

Things aren't as grand as CNB Bullshit made it out to be last week. Who woulda thought durable goods would have sucked the way they did? Who woulda thought new home sales would blow chunks? Who woulda thought the dollar would be hovering near it's lows after they, the brilliant minds on TV, swore to us the dollar had bottomed. Who woulda thought that oil would come screaming back? Who woulda thought that gold would have snapped back so quickly? (But again, the old adage about the taking the stairs up and the elevator down is so true).

Who woulda thought that gold snapping back would barely get a mention on CNBC? Who woulda thought the Fast Money crowd would barely say a word about gold's advance? Who woulda thought no one on the show would have admitted they were wrong? (of course the most vicious critic of gold, my boy, Guy Adamai, is on vacation this week.) Who woulda thought that Dennis Gartman would flip flop?

Who woulda thought that gold actually had a follow through day? Who woulda thought the HUI would be higher when the market sucked? Who woulda thought that gold and the gold stocks rally when the overall market doesn't thus limiting the gains. (I am still awaiting for the trifecta).

Who woulda thought that all the stimulus the Fed has introduced over the last two weeks would be dollar bearish? Who woulda thought that cutting rates by .75 instead of 1 point is not restraint.

Who woulda thought that none of this would work as the problem is too far gone? Who woulda thought that all roads always have pointed to gold, no matter what the morons who have not a clue about gold, say.

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