Don't get caught "goldless" when the debt boulder reaches the pinnacle. And by the worn-out looks of Greenspasm, Congress, the Banks, the financial press, and Joe Consumer, I'd say they are just about to reach that height, and as they do, the huge debt boulder will fall off the other side completely unexpected. They keep pushing it thinking that nirvana is at the top of the next hill . . . but just the opposite awaits the clueless. Sure, there are some near the top that absolutely KNOW they are fighting a losing battle, but they continue on the same path because there is no alternative, they hope to live beyond their means and on the backs of the masses as long as they can, and they want to take their destruction to as many people as they can since they know their fate is sealed. If you think about it, this is the same path Satan has been taking throughout the ages -- can't win the war, but loves causing as much grief in every battle as he can. It seems like the debt issue can go on forever, but remember, it can only go until it hits that critical peak. Read the link below and look at the exponential rise of debt during the past 20 years. It does not take higher math to see the epic and catastrophic implosion coming VERY soon.
The gold stocks LEAD the metal, so I think when we are close to that inflection point, we will see POG drop while the stocks keep rising. It would be great if we were at that point -- stocks not strong, gold strong, stocks continue to plod slowly higher while POG drops in chunks, stocks keep rising, gold drops slow, stocks begin rising in large waves, POG begins to rise, stocks reach mania stage, POG rockets in $50 moves, PM stocks reach dizzying heights that correlate with crying jags by Krudlow and Crammer as the Sheep begin to move into PM stocks thinking the regular market is coming to an end and metals/commodities are their only hope, CNBC goes off the air, we begin selling 10% a day to lock in gains of 100%, 300%, 600%, 1200%, 1800%, 2600%, 4500%, 10,000%, 20,000%, and finally, 50,000%, real estate is selling at 5-10% on the dollar, we buy up most of the country with PM profits, and you can figure out the rest of the story.
Remember, TA and other analysis is fine, but NOT when we get within that zone of the boulder reaching the top. We might not catch the exact bottom, but 90% of those waiting for that perfect position will MISS the top and when it unravels, it will be so furious they will not have the guts to take the leap and will eventually miss it entirely waiting for PM stocks to "come back" to earth.
I remain,
SOROS (strapped in my silver chair with shiny gold buttons and sitting on one big natural gas bubble)
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