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Re: basserdan post# 14929

Thursday, 07/02/2009 12:15:09 PM

Thursday, July 02, 2009 12:15:09 PM

Post# of 35736
It's hard to bet against the deflation thesis. If he called PM's down, specifically gold, then he was of course obviously wrong. Sounds like he knows some of what's going on and the dynamics that may and/or should play out, but not all.

I also expect deflation, down markets and base metals to go down and/or be under heavy pressure until the govt finally comes clean on all the toxic balance sheets, which could be years.

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