Bad Moon Rising

Tomorrow will be a strong day in the metals and Saturday’s moon….the largest and brightest of the moon will unleash its celestial powers upon the evil gold manipulators. Perhaps that may be a bit hyperbolic, but one can dream. Certainly our pagan masters will try and gain strength from this spectacle of nature.

I didn’t think I could here more crying on the PM trade but the internet sentiment survey has reached a new level of bleakness. One cannot be too happy with the slaughter unless you were able to be in heavy cash and buying at these levels…..I cannot say I am one of those…so if you are miserable with this beatdown then you may include me in the badly leaking portfolio…….but do not include me in the crying. ALWAYS this has been the game of the PTB and surprise by their ability is admitting complete lack of awareness of the game. Cheerleading for metals and miners is NOT going to help your trade…..but patience at these levels will. Lose your emotions and recognize your choices here. We are in the midst of a complete economic collapse with our pundits and politicians whistling past the graveyard. Bernanke, contrary to many pundits, is NOT stupid and is engineering the final years of the great supercycle collapse. Don’t fall into the trap of believing the talk they are not printing. They are and they will continue to print. They will continue to put out the false fed speak of holding back printing, but they cannot stop…..the debt is unserviceable otherwise. They also need to keep the gold price controlled to keep from advertising their printing and to protect their fiat printing. Good luck with that one.

Spains bonds blew up 100bps today…this cannot be sustained without some major intervention. They are in depression and austerity at 50% unemployment in young workers is NOT an option……GET READY!

Italy is going to burn too this summer and that fire has to be put out…..PREPARE!

Egypt is about to blow……..gl all.

Read more at Great Depression 2