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4/20/11

You Can Quote Me On That

What is propped up most go down....

Gold is skyrocketing and so is the US Stock Market. Why is that? Both are bubbles but one is likely to last longer and if I were a betting man it would be on gold as well as silver. Gold and silver still have real value and the dollar no longer does. The US dollar has been so devalued by overprinting that it sends the wrong message to cash savers, interest rates are too low.
Fund traders are investing in the stock market for short term returns on the investments the average person has placed money in for a better return. Once the Federal Reserve quits Quantitative Easing and withdrawing from the capital markets in June there will be trouble. Look for the beginning signs on April 27 after Bernanke gives his first press conference after the next Fed meeting.