[youtube:http://www.youtube.com/watch?v=vSwJlv0Bljg 450 300]

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Let’s not forget what it’s all about, okay?

What’s that? You forgot?

It’s all about “Quantitive Easing,” the jim-fuggery way of saying, “printing zeroes, lots of ’em, to get us outta this perma-jam til we think of somethin’ better!”

Know this now and forever, however:

There is no Recovery Only Zuul, and Zuul is cents on the dollar, which is going to turn back to its old ways here, soon enough. Or sooner. Look where we are on the monthly which gives a nice ten year plus eyeful:

 That  38.2% fibonacci retrace line illustrated above is a Golden Ratio line — one of the strongest (along with it’s inverse 61.8%) in the psychologically uncanny mathematical metric .

Not unusually in the least, that same exact line shows up — almost to the penny — in our weekly chart as well, this time as the 100% fibonacci retrace in the intermediate term.   Note —

So, as the activity in gold and silver, platinum and even oil and the lesser metals to some extent (TIE, RTI)  has been telling us for about a week now, it looks like “they” — the Fed, the ECB and the Japanese MOF have been hitting the liquidity enema solution one more time.  

That’s one big hammer Bernanke is flailing about.

I sure hope he doesn’t hurt anyone.

Best to you all, and stay with the rockets.   Also, GSS and EXK looked good today. 

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