For a rise in both its lesser siblings, gold and silver.
Not like they haven't tried to keep up, but the liquidity crunch and manipulation crunch have kept them sidelined.
Don't even talk about the PM stocks - they are in ICU with clergy waiting in the winds.
That's just where we want everything. They launch when the last former bull has decided to trade in his horns and dawn the bear wear. Then the rumble will begin and the move toward a $900+ gold surge and perhaps an $18 print on silver will end.
Meanwhile, the SIV's, CDO', MBS's and all manner of faux securities are getting cut-off at the knees by rating agencies and even moreso, by the market.
Couldn't happen to a nicer bunch of guys...the Investment banks the nightmared these concoctions then Ponzi schemed them onto people who probably don't speak much english and certainly not the invented tongue of the IBanks. Whatever dictionary they look up these paper promises in, the translation is always the same. Massive Loss.
Much of the financial world will be crashing around us in about 18 months.
Almost any currency but the dollar - favoring CHF, Singapore $, CAN$, even the Yen if they get some juevos, or the Euro. The ultimate currency now as always, gold and silver.
Have some, get some sleep.
Monday, December 17, 2007
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