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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (66021)9/12/2010 8:10:09 PM
From: carranza2  Read Replies (1) | Respond to of 217657
 
That would be my message, too.

Had a nice run, but the stuff can hit the fan without warning. Best to be prudent, to utterly avoid.

I thought until lately that the bubble in treasuries would take time to burst. No longer think so. The numbers are daunting, impossible to scale over, impossible to deny. They are in your face, screaming loudly. Every banker with sense knows this and is wondering why should he not sell.

All of this is excellent for gold, esp. for those of us who realize the POG correlates positively not with inflation or deflation but with growth in the monetary base, MZM and other measures of the amount of moolah in the system.

When the time comes, the Fed will buy and buy and buy Treasuries if it has to, and gold will respond accordingly.