Hello Ray, exceedingly few folks are predicting the demise of the American economy, and with it, the USD.
Given the bounce of the USD in recent days, the vigor can really only be taken as the crowds, meaning the many, rushing out of niche pools of danger, to escape into the morass of the swamp.
Gold remains the absolutely safest exit from the as yet not played out but soon to be bigger turmoil and higher level of fear.
The entry cost of gold, even at current price level, may be a sudden 20% hair cut, but, we can feel fairly sure, that the hair will grow back.
As to <<If the US gets phucked the rest of the world is phucked in spades!>>
... bingo, for how else would the market phuck the greatest number of people in the nastiest of way?
And so, I figure worldmarket.blogspot.com we must add Dark Matter, for the fun just got started, and the progression ought to be predictable, or if not, at least guarded against.
I remind myself, in nature, ignoring the unusual behavior of creatures big and small immediately before pre-tremors may not be well advised, and writing off the pre-tremors themselves may lead to unhappy events.
Chugs, J |
