GOLD SELLOFF: OVER RATED...NOT CREDIBLE

UNTIL THE CENTRAL BANKS QUIT PRINTING MONEY TO SUPPORT ASSET PRICES... GOLD WILL BE ONE OF THOSE ASSETS SUPPORTED...  

ITS JUST THAT SIMPLE...

THE BUBBLE DAZE MAGIC IS OVER...  NO LONGER CAN THE FED PRINT MONEY ONLY FOR PAPER ASSETS...

PAPER WAS DISCREDITED IN THE BIG COLLAPSE OF 2008...  PEOPLE WANT MORE THAN PAPER NOW ... THEY WANT REAL STUFF...HARD ASSETS...

GOLD WAS REALLY THE ONLY ASSET CLASS THAT DID NOT PARTICIPATE IN THE RECENT BUBBLE DAZE...

GOLD BUGS WHERE THOUGHT A LITTLE CRAZY...  AND EVEN NOW GOLD HAS TO BE KEPT OFF THE RADAR OF THE "RETAIL INVESTOR"....BECAUSE GOLD IS ESSENTIALLY A DOOMSDAY PLAY...  AND RETAIL INVESTORS HAVE TO BE KEPT AWAY FROM THAT NOTION AS LONG AS POSSIBLE...

AS LONG AS THE FED IS PRINTING MONEY TO STOP THE DEPRESSION...GOLD WILL BE A SOLID ASSET... 

IN A GENERAL DEFLATIONARY COLLAPSE...LIKELY THE FED WOULD JUST PRINT MORE MONEY...

BUT GOLD LOVES A LIQUIDITY TRAP!

THE ONLY NEGATIVE SCENARIO FOR GOLD IS A GENERAL DEFLATION THAT IS NOT CONTROLLED BY THE CENTRAL BANKS...BUT THAT IS NO WHERE NEAR HAPPENING NOW...OR EVER!

HYPER INFLATION IS THE MORE SOCIALLY AND POLITICALLY ACCEPTABLE COURSE OF ACTION ...

AND NOT HYPER-DEFLATION...