25th August 2010 -- Slipstream Trader Market Update

[roc260]

Great call, but the market is working higher thanks to Bubbles Ben - didn't see that one!!

[JPMInvestmentGroup]

MindStream - Not neccessarily a good hedge. Commodities such as gold and silver are hard assets and a protection against inflation/fiat currencies. We were bullish in Gold but not now... deflation is what governments are trying to avoid - not inflation. Long term you are right about USD but short-term, the flight to Treasuries whent the market breaks is the key - look at 10year bond yeilds.. Have dropped significantly and this represents deflation.

[lcmslutheran]

BrianWheatley69

surely you have been an observer long enough to know that most (excluding Fox Business News) are mouthpieces for the DNC first and foremost. As such they must always put forth a "little Johnny Sunshine" outlook for the economy to avoid making the current administration look bad. The moral: don't watch the TV shows for anything except the current market numbers. I always have the sound off so I can watch the bottom-of-the-screen crawlers.

[sdb1066]

Awesome summary, thanks Murray

[JPMInvestmentGroup]

Firstly BrianW69, the guys at Daily Reckoning are very good, but push Gold too much - we are in a total deleverage/deflation process and we expect a significant decline in the markets back to lows in March 2009. Our privates are heavily weighted defensively, along with US currency holdings and short positions on the market.

Mindstream, we use Elliott Wave as part of technical analysis and yes, the 3rd wave count is under way and will come with force. Recovery will not occur!!

[mlndstream]

@JPMInvestmentGroup It seems gold/silver is good to be in when the Aussie dollar drops heavily, gold hit a heady high in Aussie dollar terms around the March lows, particularly handy as a hedge against my AUD savings(my local currency) I think, or do you see a problem with this strategy in the event of a full 5 wave down Grand Super Cycle 'Depression' scenario?, I just don't feel comfortable holding any USD's, default or hyperinflation seem inevitable and I don't trust my timing:)

[BrianWheatley69]

What is it with the media and with the Financial commentators?

They constantly talk up a recovery, yet people like Murray Dawes, Krys Skase and Dan Denning ( Not to mention Bill Bonner) are saying that the world's governments have not addressed the cause of the recent financial disasters.

[GoCo77]

@BrianWheatley69 Mainstream media is all about making you feel good and when something bad happens they all start crying together in sympathy.

[daveco1968]

Brilliant stuff Murray

[mlndstream]

strange to see 403 views with no comments,but good video though,nice to see such a good analysis from an Australian view. Interesting that your view is generally bearish without seeming to include elliotwave theory in your analysis,I know of a fairly prominent Elliotwave pundit who is adamant the 3rd wave down of an alleged 5 wave down bear market is due to start soon if not already.

What sort of gains have you found to be the average that a new subscriber should expect from your newsletter?