Sunday, October 21, 2012
Sorry to disappoint you but NOTHING has changed. We know the Fed is going to print. We know the Eurozone is going to print. There is NO CHOICE. That's right.......NO CHOICE. The debt is so high that if they allow a default then you will see the shear chaos and it will NOT be pretty. What do you think is funding all of your pensions. What do you think is funding those police pensions....those teacher pensions...those GM worker pensions......etc etc etc........Its the bond and equity market.......THEY HAVE TO BE LEVITATED. GET IT???? They will choose the path of least resistance. THEY'VE ALREADY TOLD YOU, and they've already done it. Ben is trying to make this as painless as possible as he debases the currency. If you are holding fixed income or savings......YOU ARE SCREWED......at least over time you are going to be eaten alive. They're going to try some austerity on many of these state and municipal and private pensions......and YOU will get doubly screwed by the debased currency AND the ratcheting down of your monthly pension payments. Its coming COUNT ON IT. That's called STAGFLATION. Austerity and currency debasement. Its called deleveraging with money printing. The result for us is there is going to be the most gawd awful market you have ever traded with volatility here. PMs and PM equities is a CROWDED TRADE. Do not listen to the pundits. There are a lot of schmucks in this trade. THEY KNOW WHAT'S COMIN'. The big boyz want you out .....at least as many of you as possible. I don't know how many they can get out but THEY do. So I will watch and just marvel at their power and cunning. I know that my game is to pick some spots to try and trade on the margin of my position but overall I'm holding tight and just enjoying the greatest casino on earth.
Posted by kliguy38 at 8:01 PM