I SERIOUSLY DOUBT THE GOLD BASH TRADE WILL WORK AS BEFORE... IT SEEMS THE CENTRAL BANKS HAVE A FULL PLATE...
BUT, I'D EXPECT THEM TO KEEP AN EYE ON GOLD...AS GOLD AT $1000 WOULD REALLY QUEER THE ENTIRE DEAL AS DEFINED SO FAR...
IE...ULTRA LOW INTEREST RATES.... AND JUST SHOVELING MONEY OUT THE DOOR FOR ANYONE WHO WANTS IT...!!
THIS RESCUE IS LIKE THE "LIAR LOANS" OF THE HOUSING BUBBLE...EXCEPT NOW FOR THE BANKS AND HEDGE FUNDS...
THE "RESCUE" WILL ONLY MAKE THINGS MUCH WORSE...AND PROBABLY SOONER RATHER THAN LATER...
WE ARE ONLY AT THE EARLY DAYS OF A MULTI-YEAR...PERHAPS MULTI-DECADE PROCESS...
THE CAT IS OUT OF THE BAG...AND IT HAS A BIG HEAD START ON US!!
