chris fords - guru meditation number thursday, page-3

Hi, gold, oil, euro, Dow all tanked after Twist was extended, with "live site" IGM Markets saying gold and oil "extend their losses". Meanwhile, gold, euro and Dow have all bounced back strongly to where they were before.

The reason for the $267 billion extension of Twist is that if they don't US bonds crash and the US Govt goes broke the next day due to their unpayable debt. Therefore Twist will go on forever, until bonds crash because of a massive loss of confidence by investors in the ability of the US to repay its debts. And that's not far away. QE3 is around the corner.

This is why, and what it looks like... cheers