Friday Nov 23 2012
I see several regular readers have been checking for updates. Rest assured we are already putting the weekend edition together. Not much else to say now, the rally has been a good start but I still expect a fall back into the end of month next week. Gold in particular has not vaulted past 1739 yet. We should see some higher lows and some lower lows. That would be typical Wave Two short term behavior. I see our picks of XME, GDXJ, SIL, XEES REMX are up today.
Thanks for checking at the TMP.
Again I see that student loan debt is front page news, ignored by most. A front page article in the WSJ today notes that students with college debt and no degree are really hung out to dry. By this time next year I expect this issue to be a roaring repeat of the sub prime meltdown. The trillion dollar debt is in the news, it is just not at the hand wringing we have to do something about this stage that brings forth the usual badly crafted Congressional solutions.
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