bkdc

Don't Miss the Coming Gold Bull

I'll very bullish on gold, but I am looking at another round of forced selling as we are about to face a second huge wave of mortgage writeoffs and losses in the financial industry. 2006-2007 saw the majority of subprime mortgate resets. The majority of Alt-A and ARM loan resets (50 to 70% of which are expected to default) occurs from late 2009 through 2011, and the magnitude of the losses will be just as impressive. Forced selling may yet keep gold prices low.