Friday, August 3, 2012

Open Weekend Post 08/04-05/12

You know the drill, share the love and the knowledge.

I seriously believe, as you have repeatedly read over the past couple of days, that we're entering a time of possibly the worst and most blatant intervention we have ever seen. That's saying a lot. I think Friday morning's price action halting Thursday's slide is a first solid example of this.

As discussed Friday morning, there is a serious problem brewing between those that must have QE and those that must have high market prices. Either a wedge will be driven between those two powers, or they just ease here and just say screw it. Right now is possibly the most dangerous time to ever play in the markets.

Have a great weekend. I'll get some charts up tonight or tomorrow.

GL and GB.

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