Melt Down?

A picture speaks a thousand words – check this out: http://online.wsj.com/mdc/public/page/marketsdata.html?refresh=on 

It’s all red.

What’s happening? Is this the beginning of the end? I dunno – but what I do know is it pays naught to lose your head right now – be cool.

Yes, I know. Gold has nosed dived $20 bucks in the last two days alone. Bond positions seem to be on the sky rocketing and the US dollar seems to be chalking up. On the otherside of the world, money seems to moving out of the Shanghai market by the truck loads. The Japanese don’t seem to be too bothered by the deficits. Indians and Arabs seem to be holding out on physical gold purchases, which is strange as this is really the period when gold peaks as it’s the marriage season. Everything seems to be going South in the S & P, but for some weird reason BP seems to be holding up pretty well. Traders in the London Metal Exchange seem to be taking long positions on Palladium and Silver, but they don’t seem very hot on Gold. In the Ivory Coast Coffee traders seem to be shorting the market by betting against Sumatran beans – Russians don’t seem too bothered by what’s going on.

As for me, watch as I might. I have absolutely no idea what’s happening – another crazy night. All I know is 5 or is it 6 phones have been ringing since 3.00 am – and I am just watching them move around the table from the safety of the distance – one of them has a pretty powerful vibration and it has moved from one side of the table to the other, edging out a couple of weaker ones (I bet you didn’t know if you stuck a paperclip underneath one of those suckers, you could make them go around in circles) – not going pick any of them up; infact, I’ve put them all in a drawer and just hope they run out of batteries…while I look out of the window.

I need sometime to chew on this! Stay at easy………………

Darkness 2010