"Gold will be the "last man standing" and will attract so much demand that sellers will evaporate afraid that they are selling something real for something that is worth nothing. The move so far from $250 to the current level is absolutely NOTHING compared to where it will be when untold $ Trillions upon $ Trillions flee paper into REAL SAFETY!"

MF Global? France? ...OUNCES!

The news this morning is that MF global has been suspended as 1 of the 22 primary dealers in Treasury securities by The NY Fed. CME group has limited them to "liquidation only", this is a death sentence.

Are they another Lehman Brothers? How big and what type of counterparty risk do they have? Who do they have it with? Should they fail, what sort of "ring fence" is or can be set up around them. Lots of questions and I guess we will find out the answers in due (short?) time.

Across the pond, it looks like Portugal and Spain have been leapfrogged by the speculators spotlight and Italy has now come into the crosshairs. Their yields on sovereign debt paper have jumped to new highs and thus new lows on their bonds (their stock market is down 3.5%). Italian CDS rates have blown out but we all know this is a mugs game because as we have seen, the 50% haircut in Greek bonds is not a "default event". The "cashier's window" is permanently closed so why even enter this casino? Italy is multiple times the size of Greece and truly a blasting cap for the the nuclear banking system. Why? Because the French banks have such huge exposure there! I don't believe we even need to see Italy get as far down fantasy lane as Greece before the French banking system and thus the ENTIRE Western banking system begins to cascade.

As in WWI, France is the "maginot line" that if crossed is the end. The French banks, (sovereign French paper) CANNOT become the primary target of speculators. Once the speculative sights are set on Paris "too big to save" will become the operative words. In reality it is now only a matter of time! ...And market reactions to MF Golbal and Italy? Dollar up...Gold down. Again, how can no one see "it" and do the math and logic? Actually I am sure they are, Mother Nature is being masked by "unofficial, official trading". The math and logic? Where it all ends? All you need to do is follow the dominoes. Logically the "last domino" is where the Ponzi scheme all began, The United States.

The cascading collapse will occur very rapidly and terminate in a global financial holiday. Today's computerization will make the "end" happen overnite.

Of course the Dollar is now (as always) catching bids in "safe haven fashion". How stupid!

The U.S. is now at 100% debt to GDP (with on books obligations), Lord knows what it is when all obligations are included, 6, 7, 8, to one or more? The U.S. is in no way a safe haven, Gold and Gold alone is.

Gold IS money and IS/WILL BE liquid when the roof comes down.

Gold will be the "last man standing" and will attract so much demand that sellers will evaporate afraid that they are selling something real for something that is worth nothing. The move so far from $250 to the current level is absolutely NOTHING compared to where it will be when untold $ Trillions upon $ Trillions flee paper into REAL SAFETY!

We are truly cursed and blessed at the same time, we must live through what is mathematically coming. We will suffer the consequences yet be able to be witness to what surely will be remembered in history books as we remember the Roman Empire today.

Fortunes will be lost and gained. These fortunes depend entirely upon how you are positioned into the "holiday".

Yes, you can try to trade and gain Dollars in the short run, or you can be fully invested in precious metal investments and come out "the other end" of the holiday with maximum OUNCES! Ounces will be what are counted, not Dollars, Euros, Yen or Pounds.

Ounces will be liquid,... acres, barrels, bushels etc. will be less liquid. No matter what occurs "from here to there", DO NOT get scared out of your positions, THIS is exactly what "they" are trying to do. DO NOT TRADE! Maximum "ounces" in hand and in the ground are what will matter!

Be smart and do not let volatility make you re enter the casino, you have already been to and paid at the cashiers window...DON'T go back inside!

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