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Strange Action in Gold ETF Chart

If I were China, I would be buying as much gold as I could get, and doing it through as many intermediaries as I could, to obfiscate those purchases as much as possible. Why? Because at the first solid sign that the US stimulas/recovery scheme is failing, I would know that I am going to be selling my Treasuries, if only gradually at first, but certainly accellerating those sales as much as possible. If China can have no resonable expectation of Americans being able to adequetly support enough of the export component of their economy, their motivation to help support our efforts (by lending to us) is going to diminish precipitously. At that point, the gold reserve currency paradigm goes into full force and effect. Anybody not increasing their PM position by at least 2X for the next year, probably two years, is nuts. If only for the hedge factor, never mind the huge potential upside in price.
Long gold, silver, TBT, oil.

Is Hyperinflation on the Horizon?

Yeah. What he said. But then, what we have to do is, what has to happen, is we develop the molecular transmogrification technologies to transport the raw materials. But only after the coming pandemic. See, then we can make the necessary Soylant Green, and monetize it, but only on credit. It has to happen! All left over Soylant Orange will have to be left to rot, in a separate pile. Or be sent to the non-particirating debtor nation-states.

Tuesday Outlook: Commodities, Emerging Markets

royial: Not to be facetious, but, Duuhh! ;-)
Wonder if I'll pick the right reentry point for EEV, EFU, SDS, QID, SRS, SKF. Sold today in anticipation of typical big dip - follow up rally. Looking forward to recouping some losses between now and election day.

Who's to Blame for the Commodities Boom?

The Socialist/borderline Marxist nature of some of the replies here illustrate the mentality that will make it possible for someone like Obama to become President. Everything old is new again, eventually. Even when it's been shown to be a miserable failure. But, that's what happens when enough of the population make the same mistakes they were doomed to make, from failing to know history, let alone learn from it.

Wednesday Outlook: Commodities, Emerging Markets

The bears are less exhausted than some might think. Range trading is boring, but .5%-1% per day profit adds up quick. When the spindoctors' spiel finally gets blown out, and reality is driven into the bull's face, us bears are gonna eat some lunches.
Love your reports, David! It's my favorite read on SA.