Greece Placed On Death Watch!!

Fitch placed Greece debt in the toilet tripple Z negative about 3am and the futures tanked. They quickly had the brakes put on them and the news was whitewashed as to its effects. Obama met with members of the European Union about the same time and was literally told their entire debt problems were only Greece and to go foch himself and sit down. And I thought for a moment in the middle of the night we had a problem…….never mind. I almost have to laugh when I watch these machinations. Its comical to realize you are watching a swarm of rats swimming upstream in a torrent of raging debt water. You know they’re not going to make it but you are mesmerized by their paddling and just can’t stop watching the action wondering and waiting when the carnage begins.

Its similar to watching the precious metal trade except in reverse. You know the cabal is furiously beating every rally back on the metals trade to protect the fiat CONfidence game. After all if they can’t devalue the currency then they can’t keep cutting the mutton off the sheep. Its just amazing to see how many of the sheep still don’t get the precious metals game. They have been so effectively conditioned to view this as an anachronistic trade that some even ANTI-ponzi traders fight the gold game. Somehow they view it as part of the ponzi. You would think with all the information out there they would take the time to study this. Apparently they are too busy looking at the same charts and EW that the ponzi is using to stick up their asses and not analyzing the trade that could sustain them through this meatgrinder of a market. Oh well… you can lead some people to the water but blah blah blah.

Where are we today? That’s easy…the same place we were yesterday and the day before. We’re in a trader’s market. Its being sustained by the monetization to kick the can down the road so that a political promise to the current administration is kept. They could really care less about the promise but the do care about the “deal”. The deal is this. You do not prosecute. You pour all your country’s future into the financial industry and military industrial complex. You create a level of debt for your populace that is the maximum sustainable level and we will take your last drop of blood. THEN and only THEN…will we turn off the spigot of liquidity. AND you can COUNT on that happening. It will get turned off. When it does YES my friends GOLD will correct as will ALL of the commods and equities. THEY will crash. It will be very ugly and you will not be cheering any of this.

For now however you are playing the game so keep on enjoying this time. Its running out just as the charade of a recovery is running on borrowed time. In fact CNBS has reached the point of absurdity with its constant attempts to put lipstick on this pig.

Remember they have another limiting factor besides nature…..and that is the price of essentials. The last year was only a prelude for what is coming. We’ve had a nice manufactured and expected respite in prices……not nearly enough but at least a little breathing room. It won’t last long. Ben has no choice. Monetization must and WILL continue. As it does and this reality sinks in then you will find a continued migration to the PM trade. Energy plays in ATPG SGY NBR WPRT HNR etc will continue to be havens.

I’ll be watching EGO GFI ANV GORO SSRI SLW HL AG EXK PZG GPL in the miners and I suggest you have your core here. If you don’t like these plays go to PHYS PSLV……you should be fine at the end of the year. You get NO guarantees but it beats the hell out of this devaluation game… gl

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