Hi folks:

Well, let's hope the filing gets done or I will vociferously join in questioning why. Thanks for the update LongSFMI.

As for being positioned, here is yet another article via MIDAS suggesting that when the dam breaks, it will be difficult to buy in anywhere close to these ludicrously low prices of the JPMs.

"Roger sent a great correspondence about the unfolding economic disaster brewing. He cited the LEAP 2020 forecast of 3 rogue waves which will hit this fall. I will preface this by saying that LEAP 2020 has been quite accurate in the past few years of forecasting general trends. Also, one of rogue waves includes a default by the U.S. Govt on Treasuries. I do not believe we will default on our debt, but only because the Fed will print enough money to keep the massive refinancings/new issuance rolling along. THIS, however, can be considered a de facto default, as the Obama team ultimately devalues the dollar into nothing. Paying off something with nothing is default. Anyway, I found a freebie posting of a summary of the LEAP 2020 analysis. Here's the rogue waves:

1. Wave of massive unemployment: Three different dates of impact according to the countries in
America, Europe, Asia, the Middle East and Africa
2. Wave of serial corporate bankruptcies: companies, banks, housing, states, counties, towns
3. Wave of terminal crisis for the US Dollar, US T-Bond and GBP, and the return of inflation

It is pretty easy to those coming. Here's a link to the summary:

http://www.321gold.com/editorials/leap2020/leap2020_063009.html

I would recommend everyone move as much as they can into physical bullion and mining stocks, because once the metals start gapping higher as these waves hit, everyone not in them will be waiting for a pullback to enter that won't happen until gold/silver/mining stocks are significantly higher.