i dont entirely rule out some pretty logarithmic outcomes - but im more worried about winning today;s fight and then the next one
cyclically i think we're echoing 1929/30 - so i suspect we've got a blow off top in stocks, bonds and bullion - then a shakedown as equities start to correct hard
Pms and pm miners will fall with market at first sharpest falls but then boom - off to the races while equities start grinding into a bear
thats my theory - but we will see.
the one thing that seems guaranteed is any market shock will be met with a fierce money hose - which is why I cant discount any of the really lofty PM price targets people talk about
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-59
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