Breather Time While the Markets Implode

Just a few moments ago, a smartly dressed, confident sounding woman with last name of Bennett running a fund by that name sounded almost exactly like yours truly on CNBC.

The Yen carry trade is the thing to watch.
Commodities are the place to be - along with fixed income (this part I disagree with).
The U.S. is imploding from every angle, and gaining speed.

Both Gold and Silver are tucking tails in and running this morning - down. Strange considering the upside signal from the futures, but in a market with declining liquidity, perhaps not so strange.

With the Yen carry trade unwinding with the rise in the Yen's relative value, along with the Europeans pounding the table on the Yuan revaluation, we have all the makings of a dollar route. The stock market may just take the bait and route along side the dollar as everybody loves to kick a market or a nation when it is down.

While I never like to see gold and silver head south, I do like a bargain!
There are bargains a'plenty in the junior mining stocks and they will seemingly become more inexpensive as they follow the tide to lower lows. Rough business that mining world is. The only time these guys - and most of them are guys - get to clean up is when they are begging Wall Street to recognize they exist, and then they are invited to the toniest clubs because the Streeter's never quite want those around who are doing real work. Mining is as real as work gets.

So we will patiently wait while the market recorrects - even those sectors where the correction lies to the upside, not the downside - taking everything lower. Possibly in a month or two, we can sweep in a grab handful of silver, gold, and the stocks that produce them.

Meanwhile, get yourself ready for the economic earthquake of all time.
With Citi begging worldwide for some stay-afloat funding and getting it from Abu Dhabi, this signals the end of the U.S. financial clout post haste.
Hopefully we will be cleansed of our sinners, leaving only saints. But that's not the way to bet...
Gold and silver care less who sins or claims to be a saint. They are 100% guaranteed either way. Kinda makes you sleep better, yes?