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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%4:00 PM EST

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To: TobagoJack who wrote (90704)5/29/2012 10:48:13 AM
From: carranza2  Read Replies (1) of 217868
 
From every spectrum, from the simply factual to the academic to the simply experienced and astute, the crash of the EU is now being predicted by folks and facts I read and trust, e.g., Richard Russell, Simon Johnson, the ten year's yield, etc. Russell also believes the US markets are headed down in a big way.

Time to put the helmet on for it is about to hit the fan within the month or so because if the US markets go down precipitously, then the European stuff will get hit hard(er) too.

The Simon Johnson piece I posted is particularly worthwhile because it suggests that capital flight to Germany and other Target2 countries simply finances further capital flight, which obviously cannot be sustained on any kind of basis. If capital controls are enacted, gold should go absolutely ballistic.

I am usually early with my fears, a good thing.

I am thinking of selling a good chunk of my miner stock, though it is a very good one with excellent long term prospects as all shares get hit in a crash.

I feel the tingle of fear which is a rare thing but has served well.
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