Tuesday Turmoil

Now we are going to get serious. All of the talk up to this point has been just noise. “Conspiracy” bullshit is just that….bullshit. Now we get to the part where you start to say OK …well maybe there is something to this. Maybe I had better pull my head out of my smug ass and pay attention to what is happening. Maybe all the smoke out there means there is something burning. We are on the verge of one of the biggest runs in precious metals history. The only question is how quickly we go parabolic. That’s right I’m telling you again…..Parabolic!!

I have told as many people as I could that the biggest danger in silver and gold investing was NOT owning a core of miners and physical holdings (such as PHYS and PSLV). This is a trade that most so-called “market experts” don’t have a clue how to play. This is a game that has at its very essence a balance of the economy/the geopolitical theater/the market/Fed/ and finally NATURE itself. In fact there is only one single factor that can stop the coming parabolic explosion and that is somehow we manage to grow this economy again with minimal inflation. In other words our world begins a long steady sustained growth again. That is like landing a 747 on an aircraft carrier…slightly difficult. Kind of like Joe walking into a redneck bar and not getting noticed.

We… and by we I am referring to most of the world are in some really deep shit tonight. We are entering into the danger zone that has been discussed numerous times by us on this forum as coming in this time frame. Are we right and can the piper be staved off until 2012….maybe…. but my confidence is waning….at least somewhat. Things truly are getting bad rapidly….contrary to the what the pundits on CNBS are trying to convey.

What we can count on is that one way or another Bernanke will have NO CHOICE but to continue QE 3. Contrary to what many are saying I believe that the pundits like Kudlow and the Faux hardliner pols will cave and cry like babies for QE. They will look like deer in the headlights when Ben starts to tank the market on them. What do you think these brave pols will do when the municipalities begin to buckle and Wisconsins start erupting all over the country….and they will.

We are in strange times. Black is white. Up is down. Bad news is good news. This is how a Globla Ponzi behaves in its death throws….but do not assume that its demise will be immediate. Don’t assume that PMs will go straight up as the Ponzi collapses in a sudden realization by the masses that it is all a facade. NO…..this game has a little further to go…..and we all have a little more time to prepare and play. Forget trying to enlighten the sheeple. If they don’t get it by now, they never will until its too late. There is no reason for you to yell about it or try and persuade them…just take care of those that want to listen.

I’m adding PSLV on pullbacks. I have some cash after profit taking and want to see how far they take my core up.

long ANV SLW PSLV PHYS EGO HL EXK GPL and a lotta others. gl and have fun.

Read more at Great Depression 2