Sell!

I've been reading Mish Shedlock, and agree with his analysis, and between Shedlock and Gary North I am tempted to take their advice and and close out my positions. Their arguments are strong. Except, I think there is a problem they are not considering.

There is no question, at least since 1987, there has been a "plunge protection team" designed to manipulate to the market ostensibly to keep it on a relatively even keel. Naturally over time, there would be "mission creep" and they would experiment with a wider and wider range of interventions. I was surprised a while back reading a discussion of something called "triple witching," a regular market event, and a fellow's comment on how this event was used by the FED to crush shortsellers. If so, that is some serious mission creep.

North and Shedlock advise an awful lot of people. They both have forgotten more about the markets than I will ever know. They both know gold trades high Jan Feb, and other market patterns "everyone knows" about. At the same time, Mish Shedlock and North write exposes on some very wicked maneuvers by the powers that be.

So my question is, if "they" will work the system to our disadvantage, don't "they" also use the information "everyone knows" to our disadvantage as well? So I did not take their advice. I think they will get taken, since they are obliged to act on their best knowledge. They will be held to account on their actions based on their best knowledge.

They obviously have no knowledge of any shenanigans at the fundamental market pattern level, so they cannot take any such thing into account as they give advice, and act on the advice they give. Being obliged to act on what what information they have rather constrains them, rather exposes them, no?

I've made no changes. For all of the market gyrations the last few days, and the gold market shocks, the Dow is still down about 2000 points from October and gold is down exactly 1.5 percent in the last 30 days (up over 40% in the last year).

I am betting the manipulation is far wider than believed. Happily my opinions do not matter, but as Rosa Parks said, "I ain't movin."






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