Conspiracy

I do like a conspiracy theory and I just stumbled across an article pointing the finger at Goldmine Sachs, the architects of the credit crunch(allegedly) who are now making out like bandits and getting record bonuses on top of the record profits at everyone else's expense. Let's hope Americans have a pair where we in the UK do not. Let's see some real action against the Wall st banksters- after all if terrorists inflicted that much damage on the world we'd be spending billions bombing sand dunes.
Which brings me to the point of the article- everyone remembers being baffled as to why Gordon Brown sold off over half of the UKs' gold at rock bottom prices- well apparently Goldmines had a short position amounting to 1,000 tons, and they were about to be blown up. Broon being the banksters' pet poodle dutifully obliged, sending the gold price lower. True or false- it was a very odd decision, even in light of Labour's loony spending.
Well, not quick enough on Fri for a risk reversal- missed it by a whisker as I put the order in- sell 4550 calls buy 3900 puts, I only wanted a credit of 2, but FTSE was thinly up about 50 or so at 4300 -which is the new resistance. Last week I noted 4400 was it. Coincidentally it was pivot level R1 on the daily chart.
Wonder how much longer the markets are going to stay aloft- more importantly how will I trade whichever way it goes.
Lastly as I keep talking about legging in I was reminded of an ancient TV comedy- early Goodies perhaps, about the life of a great Russian composer, his name?






Yaputya Lefleggin. It still make me smile!