Market Vectors Junior Goldminers ETF (GDXJ)

[tootalljones]

Just got back in...avg price: 46.53. Here is the game the fed is playing:

They desperately want inflation in all asset prices, that is the game. If not, we die under a mountain of national and personal debt.

Jay is trying to downplay this, which is real threat: the debt bomb. He is delighted with 7% inflation, and will say he is "monitoring it."...and that any tightening "is still a ways off." ...he is a Bullsheat artist.

The government wants 7% inflation per year. (it is actually closer to 10%)

The government workers need money so desperately. This permits the housing market to soar, a big deal actually, so they can grab 10 to 13 grand a year from property taxes........This means in addition to their mortgages, americans need to fork out a grand a week to the government workers in the form of higher property taxes.

And then Joe will slam americans for more income taxes...a higher rate. Jay is thrilled with today's 7% number. Once Americans realize they are losing 7% of their money and homes every single year, (actually higher), they will pour into gold as a refuge.