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11/12/09 11:55am - Market may turn lower for a few days - Economy Update

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  • Did you here about the 400oz gold bars that the banks have been selling with tungsten cores?

  • Lou,

    Good call on shorting. There are some calling a top at SPX 1100, including Bob Prechter. I have been building up a short position, buying at highs for a while, but it has been painful, especially this week. This artificial "rally" came out of nowhere as they often seem to. I think the Russell 2000 is going to deliver better performance on shorting than the Dow, which seems more out of sync with reality.

    Happy shorting.

  • thanks lou check out bob chapmans latest audio he says dont short the metals dont wait for a dip.maybe he is just to deep in the pockets with the metal dealers whos to no what to believe anymore.

  • good work

  • nice one lou ,

    i'm gonna short it too .

    gl

  • Hey Lou, thought you'd been in hiding

    Keep up the news mate

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