Saturday, April 20, 2013
Others to consider are new highs, railroads all turned up.
"The Fed is currently buying $85 billion worth of U.S. Treasury and mortgage-backed bonds every month, and is expected to vote to maintain that pace at its upcoming meeting on April 30-May 1. "
I will rework this chart when time permits.
Copper is out of control, with other metals that
surpport a robust ecomony not happening I can get sober.
There is talk of a housing bubble as we speak.
Posted by Jerry at 10:54 PM
Sunday, April 14, 2013
How can it be going down if we are having a strong housing market and cars are selling like crazy??? Don't know but it's not good.
Gold has broken support but as yet SLV is hanging on. ( no chart)
I don't see how SLV can diverge the SPX with out a pull down.
I consider SLV more of an industrial metal.
Posted by Jerry at 9:40 PM