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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: basho who wrote (79638)	3/3/2007 8:36:37 AM
From: orkrious	Read Replies (2) of 110194

Basho, Here's the chart I was talking about. orkrious.com The only time in the last 17 years the ratio was much lower than it is today was at the end of a 20 year bear market. Admittedly, PoG may continue down the toilet, but odds are it isn't going to last much longer (note I'm not talking about hours, it certainly could be days), but the 2/10 yield curve inversion is rapidly shrinking. History shows it just needs to be steepening in an economic contraction for it to be the best of all worlds for PoG and miners. I know the market hasn't been anticipating anything for the last several years. Something has to be happening for it to matter. But we can't be far away. Short rates are going down, and with the mortgage market problems starting to spread to Alt-A, the Fed isn't going to stand by with its hands in its pants, it's going to cut. At whatever point market participants figure this out, gold (the next bubble) is going to soar like a Saturn 5 rocket.

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