Posted 01 April 2013 - 10:56 AM
i dont discount a scenario where gold breaks the paper wall @1520s
however it is not my top scenario, but i like to keep abreast of all possibilities
sentiment is still in the place where bottoms occur. seems hgnsi is stuck @-12.5%
folks talk about cpi(cost push inflation0 well the basics of life ie the food stuffs
corn, wheat, and soybeans all have giant topping patterns. if there is cpi it would be
represented in the food stuffs. which is not the case. the boys will make it rain in the
growing areas this year. i do think shenzo abe and co. will end the 20 year deflation in
japan, they will fire their rocket blasters. and join the party. as long as the paper market
is the dominant force for gold, then price will stagnate. miners are the worst and most
hated investment vehicle on the planet.
from 1946-1981 bonds were the worst investment on the planet. and from 1981-present
they have been one of the best. well bonds go into trends for a very long time. and the large
topping pattern in bonds will complete. no , i dont claim to know when.
i am in wait mode. the bearishness seems to be thick. its what 19months of correction/consolidation
does
dharma