thanx Alex, one of, if not the most important posts ever on this thread, imo. Since nature will not be permitted to take its course, that is, deflation, hyper inflation will likely be the resulting force, i believe it may be the largest pressure cooker situations of all time. The high dollar is essentially choking the US to death. One can put all the technicals aside, oversold this, commercial short that, fact is, we are very likely in the early stages of a run away market of a lifetime. All you have to do is keep your eye firmly on the buck as it will tell you all you need to know.
This is where Frank Veneroso's work may have a chance to shine. If there truly are over four years of gold production leased, shorted, sold forward, whatever, this sucker could make all the other squeezes, throughout history, look like child's play. Gov'ts and CBer's could be helpless even with the IMF and US reserves at hand. |
