it's going down the toilet, page-99

Hi there Andy,

Sounds like the fishing's good in the Whitsundays, do they have the internet there?

I hope not, otherwise the latest gold and silver numbers might ruin your vacation, if it keeps going like this Marc Faber won't be attending the conference in New Orleans, he'll be laid up after penniless goldbugs kick the Schiff out of him.

Actually I saw the F-35 doing a show over San Francisco harbour a few months back, pretty impressive, but getting back to the gold price you can forget all that other stuff about poverty, paper money, interest rates, USD's and debt because this implosion is gonna feed on itself once the warm-up's over and capitulation begins. Mutual and Hedge fund managers will push the sell button to protect their customers and their reputations and we can only guess what will happen when John Paulson pulls the pin and 21.8 million GLD hit the market.

The idea that gold is gonna protect your future purchasing power is a fantasy, the '5000 year store of value' is rapidly becoming a pig in a poke, too bad for the dopey Russian and Chinese central banksters who bought hundreds of tons at exorbitant prices.

Silver's down 3.37% overnite, what happens now? Will there be thousands of sickies today as goldbugs dig up the garden and head for the Perth Mint to cash in their kangaroos and Year of the Dragons? Will the Perth Mint open its doors, what will the premium be?

I'd love a dollar for every time I've read here that the bottom's in and it can only go up.

Anyway, enjoy the fishing and keep a stiff upper lip, it'll all go away one day, but could be a while.

Cheers,
Skol