For what it's worth, I think the call by Nick Laird in today's Ed Steer report is pretty possible on gold but he is dead wrong on stocks both for precious metals and general equities. It's really pretty simple, printing money and world record low rates for as far as the eye can see with competitive debasement of currencies between most countries is equities positive (with some minor corrections along the way of course), even a Presidential election year tends to be positive even if both sides are totally at odds with each other. This is normally a good thing because nothing gets done by politicians, the time tested positive outcome of gridlock as some would argue intended by the founders and framers of the constitution.

The negative and risk is that the US has created such a mess with 40 years of fiat creation and monetary/fiscal profligacy without any discipline while holding, printing and inflating the reserve currency of the world to such an extent that dollar debt is everywhere and wildly excessive. This will be a crisis that increases as the world wishes less dollars and demonstrates this by using them less creating a huge monetary problem for the US and for that matter for everyone else who holds large reserves in USdollars which is most countries. For now it's everyones problem so I see continued printing, low rates and currency wars meaning this can go on for quite sometime yet before the piper must be paid, probably far longer than any of us can imagine.

But be assured that no or few problems are being solved (nor will they likely be except through inflation or massive deflationary writedowns on debt assets as in Greece, etc.) and actually all things are getting worse and will for likely quite a few years before this comes to a head. I personally have little to no confidence in the PTB at the FED/US government or anywhere else to be able to stop the eventual very nasty outcome but I have high confidence in their ability to kick the can down the road much farther than most bears are presently predicting, create inflation, destroy credit/debt instruments making gold a great investment before it becomes the only investment at which point I will hopefully be selling gold or if there is a new quasi gold standard setting up a gold savings account that can be converted for transaction currency.