I think being in cash or more cash at this times is not a bad idea, sometime preserving capital is the smartest play. I am watching for a breakout here to 1500/1600 and silver 40 or more going into may timeframe and will have a look then, likely going to more cash at that time. Those with cash if we get the smackdown will do very well, usually only 10% are still in by the time the big move comes. I am not even really a silver bug, i just find opportunity and silver has been that the last month or so and even before. Any smackdown will have to happen far enough away from elections in o 12 so they can stabilize things so it is not an election issue.

We're nearing the end of QE2 (June) and Bill Gross gets completely out of treasuries. As he so succinctly puts it: Who will buy Treasuries when the Fed doesn’t?

(aside - I'm fed up with lack of formatting control on this site. This software is a real POS.)

OK, then.... either the Fed really means it, or they come up with some new excuse for QE3.

That's would be the second time they've gone back on their word, so how long does the market go on believing this crap? Not forever, I'm sure of that, and with the leverage already in the system, it's not hard to imagine another crash NO MATTER WHAT THEY DO.

I know.... Don't fight the Fed. Personally I think that should read: don't fight the stupid monkeys that actually believe that crap and make outsized bets on that basis, because one of these days Toto is going to show up, pull back the curtain, and it really will be game over.

I'm (oh hey look at that - text color and font changed again... feh) not smart enough to time that call, so I just stay out of the way. if I'm wrong, I get nibbled away at by inflation, but I can manage it. Better than being wiped out.

ebear