Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
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Box theory, do the research, it will help you to understand the market.
Reading following article will give you insight:The US market is the most manipulated market. The US government is on record saying they will use all the means at their disposal to support the market. But they did not say what exactly they are are going to support.
We has a taste of what the US government did in the fall of 2006. This is just another rehearsal of the same thing. US$ is going to the moon even though money supplied has almost doubled ie they have almost printed twice the amount of money in a short 2 months period. Physical gold and silver is very hard to buy because it is out of stock. Paper gold price in the futures market and physical gold price differs by almost $100.
There were rumours of deals made with Iran that oil price will be down for the election in return for turning down the heat on Iran. In southern USA like Georgia and South Carolina gasoline shortage means gas station closing down but refinery margin is so small that it is almost non-existent. Normally when there is a shortage of gasoline, refinery margin expands. But it does not work that way just before election.
Technicals and fundamentals do not make sense anymore just before the election. With enormous amount of money, markets can be manipulated for a period of time but not forever. Chances are that all these manipulation will be reversed after the election by 04Nov2008. In the mean time do not bet the house on anything.
500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K