Thursday, May 24, 2012
It really says it all
'Full Sky Aurora Over Norway'
Image Credit & Copyright: Sebastian Voltmer: Higher than the highest building, higher than the highest mountain, higher than the highest airplane, lies the realm of the aurora. Auroras rarely reach below 60 kilometers, and can range up to 1000 kilometers. Aurora light results from energetic electrons and protons striking molecules in the Earth's atmosphere. Frequently, when viewed from space, a complete aurora will appear as a circle around one of the Earth's magnetic poles. The above wide angle image, horizontally compressed, captured an unexpected auroral display that stretched across the sky one month ago over eastern Norway.
It really says it all. We create war and argue the meaning of leadership or debt, while the world turns. The Face Book mess is now in legal channels; for example I own both puts and calls and actual stock, and it only shows up once in a while. Under or overvalued, FB is very much an integral of the new technology industry that is going to save us.
The market dropped another 156 points by 2.35 p.m., held at the support line, and we wait for where it breaks.
GLD is both a good long term buy right now, but a terrible short term trade. Nenner sees oil hitting 68.00, and that Copper should be sold if a close below 3.55.
SLV is not a good buy. Sadly there is little to buy, and we will not participate.
By the end of the day the market had hit even, and amazingly some call holders actually made profits, if they were buying shopping yesterday.
We believe there will be a rally.
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