The Richebacher post...
not only, if correct, are most US markets in the shit, but it makes much more likely that the administration, who do know the true state of the economy- will be inclined to machinate wars to bring a curtain over any possible Government involvement or blame, in the fall of the economy.
Is it war on two fronts, Rumsfeldt style? ( except by now this fossil will have forgotten which two countries he referred to a week ago).
Gold $372 in 8 weeks..possibly, but there will be real fall-backs on the road. It wont happen in a few weeks.. but by March very possibly. I'm a buyer from $442-4 level. I remain short however, at $375 Feb calls. That, is 9 weeks away.