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The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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June 20, 2012

A Tad Overbought Short Term

Wednesday June 20, 2012

Most commodity plays are now overbought on the daily charts. It would be advisable to place a succession of orders under the market for your favorites. 

XME Metals and Mining 

Screen shot 2012-06-20 at 9.01.42 AM
The near vertical position of the parabolic indicator, the blue dots, emphasizes the launch these markets are undergoing,
This is happening in spite of rather all the blather about Europe. The public that left the stock market will be dragged back in.
But for now, Whoa Big Fellow as the Lone Ranger used to say. The FED announcement is also due to day. 
Let's try to add on pullbacks.....

Posted at 10:07 AM in Commodities |

Tags: XME

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