GOLDBUGS AMEX Goldbugs Index (GOLD)

[the cork]

Just watch. It could get there this year LoL!

The Euro is on it's lips, Greece is ready to blow, Ukraine already has, is Venezuela, and Argentina, are approaching the hyperinflation stage, Spain, Portugal, and Italy are gonna need bail outs, and France isn't far behind.

Guess who has underwritten all that toxic debt via credit default swaps and assorted derivatives of mass destruction....?

In the meantime the Chinese have foreclosed on a default of "some kind" by virtue of the fact they just took possession of JPM's headquarters building and Gold Vault (you know, the one right adjacent to the Fed's) for half price. Right. Half the going rate.

That ain't business as usual.

Folks can laugh all they want, the fundamentals will reassert themselves with a vengeance. It ain't about a "trade" anymore. Physical is king. Investors who mock the fundamentals may just have to find out the hard way. GLTA