Gold, Oil & Indices (Equity & Bond Indices)

Hey Pipped-- Thought you would love this that I just found coming across the newswire.

2134 GMT [Dow Jones] Few technical levels are standing in AUD's way,
especially after another gain overnight, say strategists at NAB. With GBP and
EUR weighed down once again overnight by sovereign debt concerns, AUD/GBP hit a
fresh 25-year high just above 0.6100, while AUD/EUR rose to a new decade high
of 0.6730. Against USD, NAB strategists say their model's "fair value" estimate
is currently around 0.9450, making AUD/USD cross "the 'cheapest' in over a
year." AUD/USD recently at 0.9138. (geoffrey.rogow@dowjones.com)

Each of the past two trading days, in the 1/2 hour after U.S. equities received their final PPT goose of the day and close, and 1/2 hour before trading in gold is suspended for an hour, the RBA has come in and goosed gold for $2 plus in a shameless act to push AUD even higher.

What a National Pastime!!! A little odd though. The past two days I've read WEATHERMAN and HOMER anlysts reports on the AUD actually stating AUD would struggle here and pull back. What was the RBA's response? Those analysts have been terminated, and the RBA sold even more and more non-AUD currencies in the open FX market to prop their beloved National Pastime AUD higher and higher.

Games over soon though. After the RBA is forced to pay their premiums at 5 pm NYT, AUD headed immediately to 0.9020, where it was before the PPT entered in the U.S. equity markets.

The only question will be: what will the RBA's response be?

The candle is somewhat bearish in the sense that we made a lower low & a lower high. This after several days of higher highs and higher lows (much the same as I mentioned on oil earlier). This can be an indication of reversing trend.

Dude, you're not allowed to go on CNBC is you have anything negative to say about equities. They just put up a chart showing small caps are up 100% yoy. Instead of encouraging the masses to perhaps pull some off the table for another day, they exhalt the masses to continually buy.

The problem is, the masses got wiped out a year ago and have not bought this rally. This is nothing but a PPT generated rouse devised to get Mr. and Mrs. Jones to put their hard earned cash back into the markets and the market makers (Goldman) pockets.

You saw today when the PPT stepped out to lunch, the market dropped 60 points in no time. AUD dropped 22 points and put the RBA scurrying like rats to protect the value of Australia's National Pastime. What happened? Stevens found out where the PPT was eating lunch, made the call, and begged the PPT to goose the spoos and gold, guaranteeing all players who were doing the goosing against loss, in a frantic effort to prop AUD back to the highs of the day, even after the RBA engaged in a four-hour buy program on AUD, and to get U.S. equities back in black.

There is tremendous fear in the states that if equities have consecutive down days, the PPT will lose control of the mindless rally they have been orchestrating the past month.

Hence, idiots rush back into risk like fools, and buy trash euro and GBPUSD, and gorge themselves on overpriced and overstuffed items like gold and AUD.

The writing is on the wall though.

Every single talking head they put on CNBC lately does nothing but say that they are very bullish and emphatically say that the market is going higher. They desperately want to take the S&P to 1200.