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Politics : Welcome to Slider's Dugout
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To: nspolar who wrote (5651)7/25/2007 10:58:33 AM
From: RonMerks   of 50288
 
Deflation caused by a debt & credit collapse?

Can't be ruled out.

Now I remember back in the great depression when I was a young whippersnapper <vbg>, gold and gold stocks didn't do too well in the first stages of the deflationary collapse. Later they did well. And that's what's troubled me the most about gold and silver of late. They have sold off along with everything else- whenever the market has tanked.

If we get a broad market sell off- the metals will hold up MUCH better than the stocks. I've stopped out of most of my stocks already here.

Profits- bank them while you got them.

Still holding a nice chunk of the metal. I think once we see what the BOJ does in August, that Silver will just breakout and run like a scalded dog come September. My 'WAG' prediction for Silver- is that it significantly outperforms gold (because of the CB capping/dumping/silencing) and it hits $18 by year end.

Deflation can NOT be sneared at imo. Not with derivatives held by banks being a multiple of their capitalization. Countrywide held onto their best paper and stufffed the shit up Fannie & Freddie's ass. If Mozillo is scared- think what the hell Fannie & Freddie are holding!

TOILET PAPER.

You know what else spooks me? All this CYA leaking coming out of homeland security. It's almost like they KNOW something is coming- but can't tell us- and want to have their asses covered and not end up being the fall guy for "W" when 911 part deux hits.

I smell a rat in the guberment on this.

I said this a while back on this thread- the Bush/Cheney NeoCon Oil Cartel can ONLY hang onto power if we get hit with another terrorist act prior to the 2008 Presidential Elections.

And even if they lose- they'll have papered their exit with a final oil spike.

Ron
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