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You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.- Abraham Lincoln

Hope you are all enjoying the show the past couple of days. If they keep it going a bit longer, my hat is off to them. I really don't want to harp on the stock market rally and all the nonsense going on with other markets like Gold&Silver. All I will say is this, the same people that you see on TV and read through mass media that are pumping out how great the market is are the same ones that were telling you how great things were in 2007 just before the crash.Markets that are FREELY traded, do have their ups and downs, my friends the ride in stocks has been a one way ticket since the first of the year!

The next couple of days should be wild. Tomorrow we have the ECB and the Bank of England. These are two areas of the world that should be a reminder that all is not well, we shall see. On Friday we will get the unemployment number for the US. It seems that, for the past couple of years anyway that the only market that reacts to this number in a positive way is of course, the stock market. Unemployment is getting better, with much better paying BURGER-FLIPPING jobs. The nonfarm payroll # that comes out each month is the biggest BS # of all economic indicators. If you believe this number as it is touted and cheered, you are being taken as a fool.

I know it has been frustrating with Gold and Silver as of late, but things seem to be basing for the past week. I will post a chart on Gold so you can see the pattern and I will add my personal comment as well.

Gold's low from 2 weeks ago was 1554, we traded back above 1600 on Ben Bernanke's testimony last week up to 1620 and we are sitting @1580 currently. I notice the price capping at 1585 and buying has been coming in just below 1570. We should know if the bottom is in come Friday. A decent job # and you could expect another jab to the downside. We will just have to wait and see, I would not get all that excited until Friday-better to be safe than try to pick the exact bottom!

The dollar does look impressive, rallying on some better than expected numbers as of late, please understand that one months numbers do not set a trend. Do NOT trust the headlines you are seeing.
I am going to post a chart on the CAD dollar. Today was the Bank of Canada's turn, they did leave interest rates at 1% but took the opportunity to make a dovish statement. I mentioned the other day why I like the Aussie and CAD- because they did not participate in the printing of money like the US, Europe, Britain and Japan. However they can jawbone to halt the rise of their currency whenever they wish!

Please notice that the CAD did not break last weeks low and we are approaching, what appears to be a level of support around 96. If it breaks lower from here, it is a very bad sign for global growth and that should be a sign for all to see that we are approaching a top in the US Stock Markets! There have been a couple of times in the past few years where the Aussie and CAD were strong because there was no other currencies to put money in, keep your eyes on both of these currencies and again I will say that in my opinion, they are both at value levels.

There is a ton of distortments in these markets today with so much interference from the global central banks. Trading has never been easy nor was it ever meant to be. We need to be patient and keep a collective mind to survive.

Good Night and thanks for reading!
Martin