Thursday, September 20, 2012
The rest of the sharks are watching the grand old shark start to gorge itself on corruption and are looking for the right moment to strike. Putin is very aware of who is running the show and so is China. They know that positioning now will be crucial for survival and entering the next phase of the World power game. Both are accumulating precious metals in an ever increasing pace. China has accumulated a massive amount of natural resources and access to them through alliances with developing nations rich in natural resources. They could never have been that successful without our own complicity in our demise. We betrayed one too many of OUR dictators. We betrayed one too many developing democracies. To paraphrase Smedley Butler.....we screwed one too many of our friends for the International Fruit Company owners. You can get away with the game for a long time but eventually the truth becomes just too obvious. CONfidence....eventually it will have to be restored if there is any chance to avoid utter catastrophe.
We need a pullback in PMs but don't count on it before another move over 1800. A nice rollback to about 1740 should provide a really nice base. I really don't care and don't have enough cash to trade much. Just watching with a full load.
Posted by kliguy38 at 9:03 PM