Naufal Sanaullah

The Imminent Equity Implosion

i don't suggest precious metals are a barometer for economic growth-- they're a barometer for asset depreciation being socialized into currency depreciation by government spending, however. if we truly are turning around in credit markets, precious metals should be surging because last time i checked, spending money you don't have doesn't bring back real growth, it just transfers losses to other people (taxpayers).

yes, yes, i got stopped out very quickly everytime i tried shorting Goldman. maybe this prediction will make up for it.