Wow, so this is where everyone comes to get away from the SH daycare centre.  The only item that is better than this Valhalla is the quality of the posters that reside here.  Now I know why I have not posted here before because there is too much competition!

All joking aside, I have periodically lurked here so I am not totally oblivious to the discussion.  Even with this elite board though, there is still a bit of concern with the daily fluctuations in ECU’s share price.  Quite understandable by all means but this mega-compression does have a shelf-life. 

With the global financial system in chaos, worrying about the penny drops in ECU is like Hitler worrying about what dog food to feed his German Shepherd as paratroopers fall behind the Normandy beaches on D-Day.  A few respected traders have predicted that the trade of a generation is soon approaching, around March I last heard, as rather large bond investors begin to move into precious metals.  With the many failed bond auctions reported this week, one can see that preliminary actions may already be taking place.

Next week, we should probably see the resolution of the bond insurers and their pending downgrades.  This will add another element to the current fear.  Global banks are in huge trouble, which will only worsen as other dominoes begin to fall.  There are also a few rumours that Japan absorbed a few too many toxic bonds but are being tight lipped about it in respect for their American Emperor.  As in the past, excessive loyalty to the Emperor will only lead to suicide but this time of a monetary nature.  Japan’s hedge fund industry is also reported to be in dire shape.  I just wonder how China feels holding all those U.S. Treasuries while simultaneously witnessing the evaporation of the bond market?  If you do not believe me about the financial chaos, have someone ask sketch about the latest bank reserve data just released. 

Bit of a war theme today but that is what it feels like going against the cartel on a daily basis with today being no exception.  They are powerful no doubt but only one entity is all powerful.  The most important item to keep in mind through our journey is that ECU has and continues to develop a massive resource consisting of elements about to go ballistic in value.  Time is a bit tight for me but I will try to contribute occasionally to this fine forum. 

Back to changing diapers at SH - VHF

P.S.  Nice comment by Putin today about Hilary Clinton:  "At a minimum, a head of state should have a head."  Ouch!