The long gold-short stocks trade worked again today, and the switch from the financial sector to a short on the broad equity index worked well.
Silver is showing some weakness here based on its industrial component. That at some point will not matter if the Comex really does default on its silver contracts based on a shortage of real bullion.
I thought the dollar weakness today was remarkable especially considering the bid that the bonds caught.
Big things are happening. This sometimes seems like watching a tsunami approaching in slow motion, while most of the people are still playing on the beach, without a clue as to what is coming for them.
"Just as it was in the days of Noah, so also will it be in the days of the Son of Man. People were eating, drinking, marrying and being given in marriage up to the day Noah entered the ark. Then the flood came and destroyed them, sweeping them all away." Luke 17:26-28
