A potential sovereign debt crisis also looms. Housing is wobbling and commercial real estate is also very shaky. A credit crunch is also looming as banks "pull in the horns".
Like all Ponzi schemes, the epic fraud that has buttressed our economic lives and the illusion of vast prosperity for decades will continue to work as long as asset values are inflating.
Bear raiders are out and they are looking at everything (banking system). Gold's chart is bullish, the weekly chart showed the bullish crossover with..
Gold ownership has been less representative from what is was some 14 years ago. But now with growing sensitivity to bank blowups, the question becomes: is that 0.5% of portfolio Gold ownership to grow?
Despite gold soaring in recent weeks, the majority of speculators’ likely gold-futures buying is still yet to come. And the subsequent far-larger investment buying has barely started.
The Fed is cornered here. How far do you push things? How will the Fed respond to banks breaking? The safe-haven plays (Gold) lost some of its interest here. Gold can go any crazy way..
