Tuesday, May 03, 2011

The Market Whisperer

Admittedly, it took more than a Cesar Millan "tsst" to stop Silver (and Gold and Oil) in its tracks.  Raising the margin requirements (details of which are most ably covered by Jesse at his Café Américain), killing Osam bin Laden, and continuing to promise an end to debt monetization helped, especially given the context- a highly leveraged market apparently overloaded with new longs.

Of course, as The Dog Whisperer himself will warn, he is a trained professional.  Don't try these techniques at home.

Whether this proves a permanent rehabilitation or simply a pause that refreshes remains to be seen.

It is, as I plan to discuss in my next post, most difficult for the ship of state to change direction.