On The Chopping Block
from TF Metals Report
While it seems that “everybody and their brother” is now expecting a sharp pullback, I’m not on that bandwagon.
Please don’t accuse me of having my head in the sand. I mean, seriously, if anyone knows about The Cartels, the CoTs, the charts and the lease rates…it’s me. I know all about it and you, as a Turdite, likely learned a few things from me. And who knows, maybe all this short-term bearishness will turn into a sort of self-fulfilling prophecy? If enough people pull their bids (especially for physical) because they expect a pullback, a pullback will then develop. However, there’s also potential for quite a few people to get caught flat-footed and if a breakout rally develops, many will be left chasing.
Continue Reading at TFMetalsReport.com…
2012-10-09 10:22:47
Source: http://financialsurvivalnetwork.com/2012/10/on-the-chopping-block/
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