Another weekend, another bailout. Is anyone else catching on to this trend? No, not that bailouts always happen over weekends. The trend that if anything starts going wrong in the economy, or there is an earthquake or the word "default" starts being used, the solution is always the same: create more fiat via loans, and gold goes up. Central banks can do little else.
Europe is still trying the "get rich doing bailouts or die trying" method. The never ending circus continues. I guess the modern generation is the generation of needing immediate results as we get from text messaging, email, and the internet. It appears there is little thought dedicated to what will happen three months to three years from now.
Hold-long has some room to rally in the medium term, but it has been weaker in general the last four months.
Hold-long in the short term is nearly overbought. It looks like futures are going to gap up tomorrow. With the VIX on long-term support and this already fairly high, it will be interesting to see if it can gap and run or if it will slowly crumble throughout the day.
"The only thing we learn from history is that we learn nothing from history."
-- Friedrich Hegel
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