My take on the commodity supercycle and stock market zeitgeist...and the new era of precious metals, uranium (just bottoming, btw)and alternate energy. As I have said here since 2005 "Get ready for peak everything, the repricing of the planet and "black swan" markets all over the place".
10 August 2008
Stay with gold!
Think: the core of the world's financial engine since 1985 has just been exposed as a couple of dead chipmunks on a fly wheel...there are no new chipmunks to replace the old and, if there were, it wouldn't restore any confidence now that the world has seen the inner trappings. The world's financial engine is DEAD...even if most of the world hasn't noticed just yet. And now the paper (MUCH less important than the financial shenanigans pretending to support it) is supposed to gain value? Hahahahahahaahaha!!!! How stupid does one have to be to believe that?
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