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.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery."There is a vision to remake the world's economy according to the neo-liberal agenda, and to rule it with an 'iron rod' and the US dollar. It would be under the control, described as benevolent guidance, of an oligarchy of the self-proclaimed wisest and most powerful of the multinational elite. The key goal now is to subdue any effective competition, and to gain the full cooperation of the other major powers. They are now testing their model of a confederation of nations under central control in Europe."