Make hay while the sun shines

And so the markets rally. Globally markets are rallying on misplaced optimism that the worst is over and that the bottom has finally been reached on the Dow and S&P. Punditry generated on the mainstream financial news channels would have you believe,as the politicians would like that they have "saved" the world. These people are nuts! In the meantime,make hay while the sun shines but stick tight to your gold. Happily add some more even as the IMF readies itself to dispose. One wishes they'd dispose more so that gold bugs such as I can buy more to our holdings. There WILL be a currency event and gold will eventually enter a Phase Transition type move that will blast it towards 2500 or even..gasp 5000. Are you ready?

"When one looks behind the G20 spin, there would seem to be little substance for the euphoria which appears to have pushed markets up with the hope that the bottom has been reached and that now the only way is up! This total change in perception by investors has reduced the safe haven appeal of the precious metals and both gold and silver have been marked down over the past few trading days - gold by around 6% or more and the more volatile silver by around 10%....MORE