Chart usGOLD   Chart usSILVER  
 
Food for thought
There is no means of avoiding the final collapse of a boom brought about by credit expansion
Ludwig von Mises  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1230.900.34
Silver 17.17-0.02
Platinum 1243.50-2.00
Palladium 776.00-2.75
WORLD MARKETS
DOWJONES 16805128
NASDAQ 448431
NIKKEI 15292153
ASX 539929
CAC 40 4129-29
DAX 8988-60
HUI 184-1
XAU 760
CURRENCIES (€)
AUS $ 1.4416
CAN $ 1.4227
US $ 1.2667
GBP (£) 0.7874
Sw Fr 1.2061
YEN 137.0400
CURRENCIES ($)
AUS $ 1.1382
CAN $ 1.1232
Euro 0.7895
GBP (£) 0.6217
Sw Fr 0.9521
YEN 108.1100
RATIOS & INDEXES
Gold / Silver71.69
Gold / Oil15.17
Dowjones / Gold13.65
COMMODITIES
Copper 3.060.01
WTI Oil 81.14-0.61
Nat. Gas 3.60-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
The Last Bear Just Locked the Bunker Door
Published : June 10th, 2012
461 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Global | Hedge |

 

 

 

 

My wife forwarded this (A Terrifying Vision of the End Game) to me last week. It has gone viral after all (which is the only reason a finance-o-phobe like my wife - and like most normal people outside of geeks like you and me - would have seen it). It comes courtesy of Business Insider, which saw fit to pump the bear case at the exact moment that fear could not get any more palpable in US and global stocks markets.

Now
Zero Hedge is apparently still hung up on it. I generally like ZH and marvel at the shear volume of information that these guys churn out; but come on guys, enough already. Raoul Paul (a hedge fund manager no less; oooohhhhh) thinks the system is going to end and a new one will rise from its ashes. Wow, ya think?

Here is what I think; I think the American Association of Individual Investors puked in May and remains resistant to a rally right up to this minute. I had been looking for
potential on the S&P 500 down to 1200 or so, but news items like the now viral End Game report, sentiment data and some technicals shaping up across many markets make me wonder if the top of the 1260 to 1200 target was all we will get.

 


 

AAII sentiment courtesy Sentimentrader.com

 

Regardless, I am expecting generally bullish themes for much of the balance of 2012. If I am wrong, then I am wrong. The system is after all, going to end sometime because it has been choked with unsustainable inputs from meddling and egomaniacal monetary autocrats most intensely since the age of Inflation onDemand took hold in 2001 when a brand new bouncing baby credit bubble began to take shape.

 


 

The credit bubble was the funding mechanism of the mortgage and housing bubbles and Wall Street's 'leveraged products' bubble. These of course already wrecked the system. But now the bubble has morphed and embedded itself into US Treasury bonds. And what a bubble this is!

With seemingly limitless power to fund itself, the US can now leverage a critically over bought T bond and relatively strong US dollar to fund operations for a limited time period, like say into the election? It is the age of Inflation onDemand and the T bond says there is demand for inflation; whether this demand was cooked up by official Treasury yield 'operations' or not.

The bear phase in the markets has done its job. Business Insider has done its job. Zero Hedge is making sure that the last doomsday survivor is tucked away safe and sound in his bunker and all is aligned for some unexpected outcomes over the intermediate term.

Long term? Yeh, the system is going to end.

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Gary Tanashian
All articles by
Gary Tanashian
Next article by
Gary Tanashian
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Gary Tanashian

Gary Tanashian is the editor or www.Biwii.com
Gary Tanashian ArchiveWebsite
Most recent articles by Gary Tanashian
10/17/2014
10/9/2014
10/8/2014
10/6/2014
10/2/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer