Thursday, July 16, 2015

The Sarcasm Report v.220

July 16, 2015
CNBC: Gold on cusp of 'major breakdown': Technician

And according to one technical analyst, it could be on the "cusp of a major breakdown."

I'm shortin' the bejesus out of gold! Half my life savings!

July 16, 2015
Worlds largest bullish Cup & Handle pattern could be in play

If the monster cup & handle pattern read would happen to be correct, a big upside move in Silver would be in the cards.

I'm buyin' the bejesus out of silver! The other half of my life savings!

And why would I do this?

1. Faith in technical analysis.
2. Faith in CNBC.
3. Faith in "Silver", capitalized just like a God!
4. Faith in "cards", Tarot in particular.
5. Faith in "worlds" (clearly missing the possessive apostrophe for a reason) such as Pluto and Charon. Seen the pictures. Amazing!

Technical analysis, baby. That's what I'm talking about. Can't go through life without it. Should be taught in kindergarten. The sooner people learn to use squiggly lines on charts to predict the future, the better.


Troy said...

yellow is hours of US labor per oz, 1990 = 100
blue is MZM, 1990 = 100

inflationistas expected gold to track the printing

('Where's the kaboom? There was supposed to be . . .')

but I guess China and Japan have better uses of their trillion-dollar USD accounts than buying more gold.

Troy said...

if you've got a billion dollars, you can save storage costs by just buying the mine itself, LOL.

we live on a Monopoly board, sigh

Stagflationary Mark said...


we live on a Monopoly board, sigh.

Many are hanging out in jail, not passing Go, not collecting their $200. :(