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Wednesday, August 13, 2008

Another Bear Wedge, Financials Overbought

No time for a detailed post.
Heads up: Rumors abound. Apparently Russian tanks are heading for Tiblisi (Georgia's capital) this morning despite the ceasefire. Both Russia and Georgia have denied these rumors... only to have the resurface repeatedly since early this morning... The rumor was just picked up and repeated by CNN.

19 comments:

Anonymous said...

I like your SMN call yesterday. I had been in there since 29. I will wait for that 33 level to get back in. I think it doubles at least over the next 12 months.

Anonymous said...

if they take Tblisi it will be extremely difficult for them to keep gold price suppressed and stocks inflated

Ben Bittrolff said...

Anonymous,

Forget Tblisi.

The big prize is the Ukraine.

The Russian Bear is likely to harass the Ukraine now. It is in Russia's best interest to cause some serious shit there before the December NATO membership review...

Guess how many ethnic Russians live in the Ukraine? Oh, about 11 MILLION.

Remember, Ukraine's president, Viktor Yushchenko, nearly died from dioxin poisoning in 2004 while running against a pro-Russian presidential candidate -- a poisoning that Mr. Yushchenko has linked to Russia.

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