GOLD BUGS.....RAID!!!!

There has been tons of positive sentiment on Wall Street driving Gold higher in recent months, just like in 2007 at the height of the market, there was a lot of sentiment saying the DOW could run to 20k. I guess we'll coin a new phrase, "A Listing Boat" to refer to overwhelming retail sentiment. Remember that the media is either openly in on the Wall Street scam or their just too lazy to do anything but swallow the hook, line and sinker of their Wall Street sources. Cramer talked openly about manipulating the media to manipulate a stock's price, I think back then he referred directly to Bob Pissani from CNBC (SP?) and telling him that AT&T wasn't interested in the phone right before MAC-WORLD knowing that AAPL doesn't come out and refute press stories or comment on them.

In any case, the GLD boat is severely listing to one side and 3C is showing the institutional response to that. Take a look at the charts and consider GLD as it will appear on my September short list. It's in good position right now.

For those of you who haven't heard this video before, HERE IT IS. It used to be everywhere, now you can only find it here and I suspect Cramer wishes he didn't put this out and openly admits he's never say this on Mad Money-Aaron Task seems more then a little uncomfortable with how much detail Cramer goes into and seems to really be proud of his brilliance and relish in the moment. One of Cramer's most enlightening quotes is when he says, if you are a Hedge Fund manager and you are not willing to do this, you shouldn't be in the game. Cramer was a hedge fund manager and implicates himself, by implication of course and directly. Then he goes out on Mad Money and talks about being for the little guys and once in awhile berates short sellers. Hypocritical? You be the judge. Like I said, I bet he wishes he could take it back.