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Re: JustForFun7 post# 19147

Monday, 12/31/2012 11:54:09 AM

Monday, December 31, 2012 11:54:09 AM

Post# of 26631
I agree that the politicans/central bankers are going to continue to kick the can, but at some point in time the can kicking has to stop and the Piper will have to be paid. I have been reading that Japan is coming close to their "end game" and with a quadrillion Yen in debt they are coming to the end of their "can kicking". Some event like Japan going down might be the catlyst for a domino-effect failing in financial markets. I don't know if you follow a guy named Kyle Bass, but he speaks to Japan as being probably the first big shoe to drop. I think we'll see a big flight to the PM's when the crap hits the fan on a default like Japan may experience. There's no doubt the various central banks around the world are competitively amongst themselves devaluing their currencies. The big question is how long can it continue before one or more default on their debt? That's going to be when all hell breaks loose IMO. That's when we'll see a panic into gold and silver.

I would add that IMO if we see a stock market sell-off that this time the PM's and mining stocks might go higher instead of lower in a contrarian-type move. Mining stocks how been consolidating now for over two years and are due for move higher.

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