Eric Sprott warns that there are 'global shocks coming' in this interview at King World News. I think he is right.
I put a heavy hedge back on what is now a straight up long bullion position, sans miners.
"American history demonstrates that whenever commerce dominates all aspects of national life, a host of ills and atrocities have not just festered and spread, but become normal— enslavement, land grabs, war, ethnic cleansing, serfdom, child labor, abusive working conditions, corrupt political systems, environmental contamination, and immunity from the law for the privileged few." Ralph Nader, Breaking Through Power
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.