I showed the daily target of Goldman the other day based on a 'what if' breakout from a short term pattern. That target was 165 and it looks locked and loaded now. The weekly chart shows a retrace potential to above 170 into a thick resistance cluster. 'C' leg here we come.But does any of it really matter? I don't think so when you consider that the stock price of these Satanists is flying in the face of you (assuming you are not from the dark side) and anyone else not on the inside of the deal with the devil that sprung GS' rally.
Sure, we are going to bite our lip and make money by understanding what is happening here and in 1000 other gyrations going on in the financial markets, global economy and global fiat monetary system. We are going to bite our lip and make money and/or preserve capital. We are also going to have our minds as open as possible with regard to what is and is not money, what is and is not the basic essence of our society. In short, we are going to move forward given the cards they deal but on our own terms as long as we are free people.
But these cards, dealt by Hank Paulson, George Bush and now Mr. Obama, Timmy Geithner and Lyin' Larry Summers are being flung from the bottom of the deck. Since I began writing about this mess in 2004, I have had a tone about 'the people' being to blame as much as the actual mega wealthy evil-doers. That is because the public felt it more important to watch its new plasma TV with which to root on multi-millionaires (in my case the Pats, Red Sox and Rangers - hey, even overly sober bloggers need an escapist avenue too... no plasma TV however) or keep up with every mean but funny critique by the British guy on American Idol.
Biiwii.com has a page that auto-feeds content from LewRockwell.com and the DailyPaul.com and this morning I stopped in to check out the Daily Paul feed. One item was this audio of Glenn Beck interviewing Patrick Byrne and Ron Paul. Think what you will of Glenn Beck (I actually don't think much about him because I am not often tuned in with the major media) but what I have heard of his show has been more sober than the usual cartoons I flip through on CNN, MSNBC and FOX.
The theme is Goldman, the Fed, Wall Street's control of our government and the idea that we are headed for unimaginable inflation and perhaps a new currency down the road. Ron Paul soldiers on with his message and more and more people wake up every day.
What more do people need to wake up than the 'play' that has been put on them by the powerful entities that crashed their economy, lost their jobs or put them in peril, got them stuck in traffic every half mile (don't know about you but here in my state they are putting my tax dollars to work on every highway and an increasing number of side roads); the 'play' that sees Goldman Sachs, poster boy for the beneficiaries of Paulson's supposed panic, flying right in their faces?
What are we going to have, ever-strengthening financial behemoths and ever strengthening unions? Mmmm, now that's a society that sounds like a lot of fun. Thus ends another hybrid TA/stream of consciousness piece.
Have a good day.
