Silver and Oil both are pointing to a depression. Oil and Oil service stocks have been murdered the last couple of days. Just look at CHK or HAL.

Only good news is that if we are entering a depression, they will hyperinflate to minimize it. In the end, gold will rise. We just bought early.... and it hurts.

I gotta now believe Brian Pretti had the scenario correct with deflation (and possible depression)followed by hyperinflation of monetary supply.

Rumor has it that JP has set sail to Asia to avoid the fund redemption calls from his Energy/PM fund.

SilverNut