20090223 PM

Dow 7,114.78 -250.89 (3.41%)
Nasdaq 1,387.72 -53.51 (3.71%)
S&P 500 743.33 -26.72 (3.47%)
10-Yr Bond 2.78% +.0050
Indices opened up and oil was up. Indices and oil sold off and support levels were taken out. Though volume has not been excessive the past week, no buyers are on the horizon. While the market is drastically oversold, it keeps going lower and oil looks to go lower. A vicious bear rally is going to happen ... sometime.
Gold is at all time highs in almost every currency. If (when) the US dollar rapidly devalues, look for a violent squeeze in the precious metals. In addition to continuing to move out of the US dollar and into gold/silver/platinum/fuel/food/ammo, will look at the Yen and the Swiss Franc for a small position. Protect yourselves and your families.
The US government, and in particular tax cheat Geithner of the Treasury (formerly of the NY Fed) and Bernanke of the Fed, apparently are out of tricks and out of talking points. Either they directly print money, socialize the banks, or continue to talk around the issues. This mess has been created in part by those in power - SEC lax oversight to allow Madoff fraud, Paulson lobbying for lax leverage limits while running Goldman, mortgage appraisal and rating fraud, etc. We need an army of white collar fraudsters to go to prison and disgorge their illicit gains.

GLD 97.73 -.07.
SLV 14.34 +.09. Started position. Intend to scale in much more.
DGP 23.03 -.05. Started small position. Intend to scale in more.

FAS 4.41 -.49. Closed long for big percentage loss.
BGU 19.87 -2.16. Closed long for big percentage loss.
ZYXI 1.20 +0. Closed today to realize loss from several months ago.

AA 5.81 -.48. Closed at 52 week low.
SRS 82.39 +10.11.
JAVA 4.58 -.26.