Sold two computers today after a drought of almost 3 weeks.
1st one goes to foreclosure law firm. They are starting to buy again after buying 60 last year. Not a good sign IMO
2nd computer going to realty management firm who bought 5 last year. I asked office manager why the new computer. She said owner is buying vacant strip malls like no tomorrow. Now don't tell me it isn't a bubble in commercial realty too.
Fed Monetization breeds surprising results on trade gap, with new money supply only feeding the consumer bubble, while longterm bonds show opposite of intended response, making more clear over time the indirect result that the Fed is actually building the Chinese economy and resupplying its new Central Bank
* - direct line from the Fed printing press to China coffers has already been established * - despite Fed efforts, the dollar decline fallout first hits longbond yields * - soon the utter futility of Fed Monetization will be discussed in heated debate * - prob: 80% Gold price will accelerate as dollar, euro, yen are simultaneously debased, but by the end of year the new story will become silver's rise, as actual defaults on delivery occur on a scattered basis, raising big questions and attracting attention like blood in the water, with silver actually enjoying benefits from the next gold correction and catching up to gold, while gold and the dollar regularly swap roles leading each other as indicators
* - gold touching #370 confirms the continuation of the new longterm trend * - next will come a surprising upleg by the Japanese Yen, which so far has been quiet * - tests of COMEX precious metals will soon reveal their critical spot shortages * - both world reserves, gold and dollar will leapfrog each other in leading role * - prob: 90% Risk control programs for gold miners and bullion bankers progressively ratchet to higher "lines in sand," begetting less volatility than expected, while outsized short positions simply will not go away, which result in a steady unrelenting ascent of gold in a much more stable fashion than envisioned
* - already evidence that the #330 line was moved to #360, with little added volatility * - commercial shorts simply have not disappeared * - prob: 70% The Blanchard lawsuit reveals some surprising gold contracts and interconnected contracts within the gold cartel, all coming as a result of discovery process, as nothing is resolved but much is revealed, with the battle itself attracting more attention than gold cartel members would like
* - lawsuits are ugly, but evidence is forced into the open by the courts and lawyers * - vast network of contract and player participation will be very interesting * - prob: 80% At least one derivative event will occur, as a long and growing list of risks endanger highly leveraged positions which fiercely hold fort to the massive imbalances, with numerous identifiable actual threats, while systemic consequences are frightening, if not unimaginable
* - corporate spread over Trez yields remain high * - dollar decline puts bond positions at risk * - pressured energy price levels extend across commodities * - outsized short gold and silver commercial positions * - defaulting South American sovereign debt * - war posturing exposes delivery channels and pipelines, thus price shocks * - prob: 60% The foundation is laid for a Grand Gold Scandal, upon disclosure of the depleted nation gold reserves, whereby vast quantities of our gold supply was sold at the cycle low prices, and the collusion with JPMorgan and other gold cartel members is clarified during lawsuits and criminal prosecutions
* - Congress has the ultimate responsibility for monitoring our national gold treasure * - as the dollar decline intensifies, attention will turn to gold and our holdings * - as Trez bond yields rise, value falls, attention turns to its collateral * - certain press/media watchdogs will ferret out the gold cartel and reveal them * - prob: 40% Asia and the Middle East make strides toward becoming more gold-centric in commerce and banking, with petrodollars converting more to gold, and talk becoming action in forming gold-based central banks, gradually coalescing into a concerted pan-Islamic financial position against the USDollar
* - already in progress with Islamic Dinar and several bilateral commerce agreements * - further entrenchment is seen with Saudis leading in a multilateral movement * - evidence abounds that petrodollars have begun diversion into EuroBonds * - so far financial Islamic countermeasures are implied, soon to become explicit * - prob: 90%
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