Sunday, December 05, 2004

"The Greatest Bull Market of all Time is about to Commence"

Nigel has got it quite right, despite all the
incomprehensible letters behind his name, but I
expect silver to be a better buy. It's now at $7.99
per ounce. How do you get change when you're buying
a loaf of bread with a gold coin that's trading for
$850? Will there be bread?

See here.

As the dollar continues its steep descent to 75
on the Dollar Index, and the syndicated US
propaganda machine's hacks, and talking heads,
continue in their shallow "analysis" of the
markets, the momentous importance of the world
reserve currency's demise, and the underpinning
fundamentals behind it, are all but glossed over,
in order that Joe Public does not really
understand the fate that will shortly overwhelm
him. The DJIA, SPX and NASDAQ enjoy their pre-
festive season bear market rally, and everyone is
provided with the apparent impression that all is
just fine and dandy on the good ship "USS
America". The key thing is that consumers must
not lose confidence in the all-important
Christmas - New Year spending spree, and suddenly
start to demonstrate a modicum of financial
prudence.