Gold accumulation pattern

Gold is at the same level it was back in mid-October of 2010. A 4 month sideways trending pattern is something to keep a close eye on. Generally this type of accumulation is setting the stage for a significant move. Considering the fundamentals of gold, I am guessing the move would be a powerful one to the upside very soon. Technical indicators flashed a buy as of last 2/12/2011.

Silver technicals have maintained their bullishness right through the recent rally. As of today silver broke to new high of $31.74. Keep in mind James Turk's view that silver only recently begun phase 2 of its bull market, whereas gold is already in phase 3. Silver therefore has a long way to go and its performance in the years to come should be truly spectacular and easily dwarf that of gold.

Recommended read

I highly recommend reading the following article titled "A Disillusioned 99'ere Shares His Disappointment With The American Dream, Welcomes Death"

It is a raw insight into the soul of those most severely affected by the current crisis. If Bernanke, the US government, and the banksters aren't criminals for creating this kind of a pathetic destiny for a human being, I don't know who is.

Note on egypt revolution

The revolution currently taking place in Egypt is truly spectacular. The implications of its result will have a significant impact on so many different aspects from geopolitical strategy, global economy, islamic fundamentalism, US interests, and the destiny of the entire Middle East. Autocrats, corrupt Middle Eastern dictators, and Mullahs must be keeping a close eye on this. As must as they like to pretend they support the Egyptian protesters in their 'right' to fight against the pro-US Mubarak, they must know deep inside their hearts that a triumph for the demonstrators will mean a green light for all pro-democracy and pro-freedom activists throughout the Middle East. It will set an important precedent. It will be a signal to the suppressed, disillusioned, and disadvantaged populace of the Middle East that they too have a shot at actively campaigning for a change in their destiny no matter how suppressive their leaders may be.

Some Notes from Martin Armstrong's reports

I highly recommend those who seek a true and clear view of the markets to read the writing of jailed cycles expert Martin Armstrong. I will provide more of an in depth opinion and summary of his writing and beliefs, but I just want to mention one important point that he made in one of his recent reports. Markets are very logical. They needn't be efficient, but their movements are complete logical. The problem is with us observers of the market, who fail to interpret market movements. The problem is our interpretation. Markets movements are a reflection of capital movements. Capital is super intelligent. It is able to allocate itself effectively and efficiently, to reflect the most appropriate foundation for future events. Market movements are simply a reflection of this capital allocation. Capital will always move intelligently into an area where it will work best.