Collapse!

The face of recovery. Not such a nice poster for green shoots is it? You know of course this is how a “recovery” looks according to CNBS and its army of pumpers. Noise is noise……on both sides during this “recovery”. The endless printing machine still has plenty of power to maintain the ultimate financial juggernaut in the face of an obvious collapse in CONfidence. The Eurozone can limp along much further than many can imagine. Ben can snap his finger and PRESTO we have an overnite infusion of  2 Trillion in digital cocaine. Its magic………

One thing I want to remind you is not to get too caught up in the day to day trading of the miners at this level. You should be accumulating and holdin here and avoiding the daily gyrations. Some of you are savvy enough to play the options but that is entering into the devil’s cauldron for most of you. If you want to lose a finger go ahead and try it, but we are in one helluva dangerous market now so enter those options at your own risk.

Next on the agenda is a reminder on bullion. Also the advice is to accumulate on all pullbacks. When you hear that PIMCO is buying gold heavy and Rogers and Soros again and Einhorn and Bass are taking possession then you know what some very heavy hitters think of the economic situation AND what they think of gold as a “barbaric relic”.

Tune in and tune out. I apologize for that one. Something is going to have to happen this weekend. Europe is breaking apart. Maybe they can hold it together with some stealth QE for a few more weeks until the FOMC in June but the bank runs are on in Spain and Italy too, so I wouldn’t be surprised to see an announcement on Sunday or maybe even after the market closes Friday. Whatever it is, it will be temporizing to get through to June. Forget the noise and accumulate. Plan and prepare. Tighten up your network of friends and don’t leverage at this stage of the game.

Read more at Great Depression 2