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Global Stock Markets: The Deleveraging Process Continues

It's time we all question the basic assumptions again. The bailout, taking shape under whatever guise, will NOT work. It will serve the one purpose for which it was intended, the rescue of the Federal Reserve System. If you actually think that is worth raising the tax burden on every American, their children, and their children's children, THINK AGAIN. We actually have a chance to cut the chains of bondage from the Fed, get back onto a system of real money (gold standard). It will be hard for a while, but companies fail all the time. Banks are no different. Don't believe the lie, there is no such thing as too big to fail (part of the fear-mongering). A bailout will make us all tax slaves forever, we will suffer a period of deflation as they unwind their self-created bubble, then they will turn on the cash printing press and hyperinflation will follow, and the plan still might not work and could plunge us into war with creditor nations! Call Congress and tell them:

NO DEAL, NO WAY, NO HOW

Gold Technicals: Will We See a Correction or $1,080?

Well I cashed out at 910. I based my opinion on the leveling out I saw in the $INDU:$GOLD ratio. It seemed that people think stocks are a value play at these numbers and the downside risk is relatively low compared to gold. Just gamblin'.

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