[MC2]

If you're long gold or other PM commodoties, you might have taken some notice from today's action. Helicopter Ben spread his cheeks and gave birth to another 50 BP, making it a full point and a quarter in a week - and gold barely budged. My screen says up 4.3 to 929. You can fairly reliably count on this being on, or very near, the high water mark for this commodity. Inflation is NOT going to be the way this plays out, folks.
This is probably your last best chance to GTHO of your positions.
Just a friendly advisory from your resident deflationista!

[Twilight]

And remember... their positions are probably bigger than yours.

[roccman]

$this->bbcode_second_pass_quote('MC2', ' ')My screen says up 4.3 to 929.

[MrBill]

I am not sure about gold because the US dollar is still weak against the euro ($1.4850), but looking at crude, the S&P500 and the S&P Energy Index, for example, I see a very disappointing (for the bulls) close/pattern on the heels of the last Fed capitulation.

It looks like the Fed has shot his wad and we're still in a bear market. If there was any real demand this rate cut should have sent prices through the roof. As it is the market is suffering from brewer's droop despite invibing too much and wanting to get it up! ; - )

[efarmer]

In the words of the father of former U.S. Congressman J.C. Watts
of Oklahoma:

"When your outgo exceeds your income, your uplift becomes your downfall."

It really is that simple. Peak oil is going to be our dessert after we
clean our plate of stewed economics and sop up all the greed gravy.
If you ask for seconds, you're a hog.

[cube]

http://www.youtube.com/watch?v=NkEwdg1VP_c

I Love Subprime

[MrBill]

$this->bbcode_second_pass_quote('cube', 'h')ttp://www.youtube.com/watch?v=NkEwdg1VP_c

I Love Subprime

[phaster]

$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('cube', 'h')ttp://www.youtube.com/watch?v=NkEwdg1VP_c

I Love Subprime

[MrBill]

Ya, I love humor! There is often a great deal of seriousness said in jest! ; - )

[Kez]

I agree with Puplava simply because I see no way the US can pay off its debts without inflating its money. If delation comes along, then our debts are even bigger and interest on the debt is even harder to pay, correct? The US government surely isn't for deflation.

It's the same logic people pay ridiculous interest payments on a house because they can "sell it for more in a few years" - they are expecting inflation to come along and make their debts seem not so bad.

[Brock]

Can the U.S. whip out all it's world depts, by whipping out the dollar, and switching to a new currency?

[MC2]

Maybe Puplava was a bit early, eh?

How's that gold working out for ya Rocc? Hope you didn't buy too much at 930, or 1000

I do believe they will TRY to inflate this thing; what remains to be seen is if they will be successful in that attempt.

[copious.abundance]

$this->bbcode_second_pass_quote('roccman', '[')url=http://www.financialsense.com/fsn/main.html]3rd hour[/url]

A quick summmary:

2008 will be "like an oreo cookie." First quarter will be volatile
and very rough. The Fed will rescue us one last time so the 2nd and
3rd quarters will be good. He could see the DOW going to 15,000 or
higher. He believes $ will go into commodities and tech and energy
stocks. However, by the 4th quarter "inflation will return with a
vengeance."

2009 the Fed will be raising interest rates to combat inflation, but
they'll be too late and political maneuvering will further damage the
economy so that by 2010 we will be in a hyper-inflationary depression.

[MrBill]

The barbell strategy to predicting the markets and investing is kinda hit or miss. You're either a hero or a zero.

[GeneralGreen]

Puplova has been calling doom since I listened to him first in 2001. he is a goldbug...Though I do agree with most of what he says I think his time line is off...