I felt I must add these four items to the site today and the only efficient way to do it is to start a new thread. My risk in doing so is that everyone will move onto this thread and ignore the two from yesterday. Please don't. The two from yesterday are very important and require your attention.
First of all, please go back and re-read this post from last weekend:
The latest CoT has moderated some in its bullishness, particularly in gold. It doesn't signal the end of this historic rise in the price of gold but, maybe, you can begin to see it coming over the horizon. The silver CoT is still very strong. This is part of the reason silver rose about 50c on the Friday afternoon Globex. The Globex rise was equal parts CoT reaction and buyers front-running W.O.P.R. for Monday.
Next, ZH posted this yesterday and you should be sure to read it. This guy, Kastring, clearly "gets it" and he writes in a way that we all can understand.
Having read that, I need you to read this:
The general thesis makes a lot of sense and I can certainly see the central planning keynesians adopting this strategy as another way to perpetuate The Great Ponzi and buy additional time. Note that in comment #1 below, reader "The Hat Tip" provided us with a link to the GATA presentation made by this same author. If you've ever wondered what the heck "the end of the great keynesian experiment" means, click this link and take 10 minutes to read. Very well done.
That's all for now. I'm off to watch LT#2 play some soccer. Tonight, the nice folks at webbotforum have asked me to participate in an interview of the great Jim Rogers. Needless to say, The Turd is very excited. If I have any earth-shattering nuggets to pass along, I will post them later. The full interview will likely be available on their site by mid-week.
Just five hours and 10 minutes till the Globex open! TF