DJIA: Santa’s sleigh is on the move!

on Dec 5, 2014
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Better than expected US non-farm payrolls at 321,000 for November, and the jobless rate holding at 5.8%, sent the US dollar into orbit. It flew to over 121.60 against the Yen, while cable fell below 1.5600. 

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Needless to say, the Dow breached the 17900 level and left it for dust.  The major psychological level of 18000 is now in its sights.

There is no denying it is going to bust this and head to major all time highs before Santa docks to munch on his mince pies.

We have better than expected data coming from all sources and Friday’s solid job numbers were the icing on the cake.  Combine this with the time of year, when everyone is thinking they are richer than they really are, AND lower oil prices – jeez equities have only one place to go.

However, a very wise man once said; when others are greedy, be fearful, and be fearful when others are greedy.

What is everyone now?   They have been greedy for a while!

Moving forward to 2015…

It’s going to be very interesting, so it is just as well that I am personally storing physical Gold/Silver and selling my paper stock.  I do not want to be left holding the baby.

Please see this 22 minute video by James Rickards, one that I make myself watch at least once a week: https://www.youtube.com/watch?v=fVOmVbHtz1k

It sums up the economy as a whole and that we are hanging on by a thread.

I will leave you with that.

Have a fantastic Xmas   I will of course be trading right up to the 19 December and will then be back at my desk from 5 January.

Very Best 

Matt Shaw

Dragon8fx.com

 

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