To: KyrosL who wrote (43649 ) 12/8/2008 8:04:47 PM From: TobagoJack Read Replies (2) | Respond to of 217574 hello kyrosl, a few minor details (i) the fed/capitol hill/obama will be wasting in place and for/on behalf of j6p, and doing so on $500 nuts, 1,000 bolts, and a few bridges to nowhere extended for far too long (ii) the states and municipalities will be doing same on the left, hiring road pavers, buying china steel, and funding mumbai programmers, and firing teachers and policemen on the right, so that net net i am not sure what will happen (iii) the printing press at the fed is running piping hot, and will at some juncture melt down, perhaps 5-7 years from now the script of inevitable collapse is running, about as expected gold? at 15% allocation, is wonderful therapy and fantastic assurance, that, come what may, all will still be ok j6p saving dollars? a good thing, all in all, for it will give us that much more time to accumulate gold, keeping allocation to 15%, maybe for as much as 7 more years, if we are lucky, before the demographic moon hit full on earth the last 7 years were wonderful for gold and nasty for s&p500 and real estate and ... and so on, basically a big round trip to nowhere, and pretty fast at that, because, fundamentally, we are playing the fiat money inflation game where false money gets served up as real wealth, sponsored by wastrel governments tolerated by wastrel electorates everywhere. the next 7 years? the dollar will fall and must fall, and when so, dollar moon crashes to earth. i will draft the script before xmas, while on tropical island, sound off on the thread, revise as appropriate, and use it as guidance going forward. between the demographic moon and the dollar moon crashes, something will destroy whatever is saved up from now, at the most inconvenient time. that is how the bible works. in the mean time let us enjoy the rally, get out what we had trapped before, and re-load the shorts when opportune, by and by. my guess is that 2009 low will be lower than 2008 low. cheers, tj