Gold, Oil & Indices (Equity & Bond Indices)

@Catnip

Here I agree with you regarding oil/WTI. I also expect huge sell-off after dust settles.

@Tony

I still expect ES to top at 1430 in late April/early May. So far the -2 daily sigma channel is again containing the correction in ES as was the case each time since the Aug'10 start of the current rally phase. Until proven otherwise, trend is up. My cycle research says: top is expected end of April/beginning of May. Fib extension targets 1430 level.

S&P has been going sideways for last couple of weeks. It's really touch and go now whether we go lower from here. My bias is still lower to 1280s this week then a bounce to 1303, followed by a further sell-off.

Bush was blamed for war for oil . But after war for oil, Iraq produces less crude then before when Saddam led Iraq-Iran war. I think its all about the price of oil, and hence about petrodollar.
Don't think FED is out of ammunition.

China spent more on its internal police force than on its armed forces in 2010, and plans to do the same this year, as the government deployed security forces around the country to control growing social unrest.

China spent 548.6 billion yuan ($83.5 billion) on internal security last year, 6.7 percent more than budgeted and a 15.6 percent increase over 2009, the Finance Ministry said in a report released yesterday. Last year China spent 533.5 billion yuan on national defense, or 0.3 percent more than budgeted, according to the Finance Ministry.

The surge in public security spending comes as so-called mass incidents, everything from strikes to riots and demonstrations, are on the rise. There were at least 180,000 such incidents in 2010, twice as many as in 2006, Sun Liping, a professor of sociology at Beijings Tsinghua University, said in a Feb. 25 article in the Economic Observer.

I'll stay with my conclusion the target behind the US triggered NWO with all those "riots for democracy" in ME is China. Russia will fall as windfall profit.
Take care. Dr. Ben clever man.

what a disgrace. All that money the FED has printed to create a miserly 190k jobs.