Tuesday, December 1, 2009

So much for the Dubai "contagion" story

Looks like the bears who laid out shorts on the Dubai news, are already getting squeezed. And while we are talking about getting squeezed, where is the joker that sold gold at $1140 on Friday morning?

Wait--Wasn't the Friday sell-off just another Black Friday sale? Once again, it was just the early morning shoppers that got paid!

And once again, we have the end of the latest selloff, and once again, we are off heading to new highs!

And once again the bears couldn't pull the trigger. Because they were the ones being hunted!
Markit- Dubai Contagion Overdone?                                                                                                                                                       

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