I’ve been following the sinking of assets around the world with great interest. Precious metals, in particular, which I’ve been jumping-up-and-down bearish about for many months, are getting absolutely ravaged, and my oft-cited target of “between $1250 and $1300” is already here. I haven’t had a chance to see if we can go further, but I’m happy with the chart, obviously.
I’ve made a point that merits repeating, which is that as hated as I have made myself out to be by being a bear, I doubled-down the wrath by going against precious metals, whose kooky followers – especially those on ZeroHedge – make religious zealots look sensible.
Dealing with the hate mail from the ZeroHedge crowd definitely cooled my interest in cross-posting over there, in spite of its large audience………..such as this gem, sent to me on almost exactly the day that precious metals peaked across the board:
Of course, my beloved Slope+ subscribers (HINT HINT Mr. Doesn’t Want To Pay For Anything) get my unvarnished views on such things………
So it should be another interesting day. I decided to stay cuddled up with Mrs. Bear, even though I got up at 4 a.m. and wanted to do this post…………but I decided to stay put.
Good luck out there today……….oh, as for the whole “Get Physical!” thing (on which I’ve really been holding my tongue). Errr, fellers, the asset is still worth less than it was. I get what you’re saying, but……….seriously.
