retired, fwiw no one is 100% all the time. I think you are correct to be worried. Upon completing my weekend reading I see most all the board experts have said we have bottomed here. Maybe, maybe not.
If not gen markets go down a ways, quite a ways.
AND I think we could find out in rapid fashion if gold is turning into a currency. It looks to me like that could be what is taking place, and the rate at which gold is turning into a currency has suddenly shift up a gear. Additionally if gold is turning into a currency commodities could get walloped during a gen market meltdown, except gold (and silver).
This market seems to me at a juncture, perhaps a very important one. It could blow over, and move up. If it does I have to hand it to the bulls, and perhaps the manipulators (although I don't readily believe in the latter).
And as I write this the futs appear to be heading down.
Folks should not forget the currency aspect of gold. Never should they forget that, but in particular here.
Most have seen this, my own work indicates the probability rather great it comes to pass. Without explaining some of the graphical techniques I am trying to use to some extent encompass similar principles.
gold-eagle.com
Additionally, this article suggests the latest HUI count I recently posted is not an alternative, it is the real thing. The real thing is an HUI beyond what any of us ever dreamed. It could all become very clear, very soon. Or be undone, that is also a possibility.
gold-eagle.com |
