Very interesting article by by Christopher Laird of PrudentSquirrel.com posted on FinancialSense.com:
HUGE GOLD ACTION and EARTH-SHAKING CHANGE IMMINENT
http://www.financialsense.com/fsu/ed...2006/0516.html
Quote:
In 2006, a consensus has now formed that all of the above events are about to happen, and gold has risen $200 as a result.
The correction in gold this week is merely speculators taking money off the table and is not going to continue. Rather, gold will continue to rise in 2006, and worse, we are going to have a world energy war and very probably a collapse of the USD SYSTEM and all the economic collapses that would follow that.
If I were to say one thing it is this: being in any market today is hugely risky. Be in precious metals. I would not necessarily be in USD positions either, or in USD cash.
The last time there was an economic depression, there was flight INTO the USD in the 1930’s. This time, there is probably going to be flight OUT of the USD. But I think that our economic woes are going to be the smaller worry…rather war and huge energy disruptions are the biggest problem we face in 2006.
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