My point re treasuries is that they are running out of room as an investment. They simply don't pay anything to accept the risk. If they go higher in price they will pay still less. They will continue to be used as a safe haven play until the almost certain to come awakening that there is no way in the world that the debt can ever be repaid except in depreciated (as in inflated) dollars. Even the treasuries that are being bought by foreigners are suspected to be being bought with freshly printed dollars given to them for that purpose. So they will continue as a "safe haven play" until the long, long term trend line (which is being vigouously defended) is broken.

Then because they pay no interest (relatively speaking) they will be dumped like the tea leaves at the "Boston Tea Party." As soon as that line is broken and these things start to get dumped, the U.S A. will never be able to sell another one. They will at some time default on all that treasury debt; they have to. Unless they are able to do a currency revaluation as part of a "fix it" deal. How are they going to fund themselves since they need like $3 billion a day beyond taxes they can't collect from their citizens to function. The citizenry is being taxed and regulated to death; the local police everywhere are issuing more and more nuisance tickets in order to fund their departments. The populace simply can't do anymore and what's more they are getting angry.

"Hey how's that for passion."

PRINT PRINT PRINT PRINT To me it is an inevitability.

Re your "B" wave question I don't have an answer. I have never even considered a negative view count for gold because it is and has remained above its inclining long term moving average throught the entire bull market except for its major wave 1 correction. I use EMA 325 daily or EMA 65 weekly for most analysis. Since precious metals are so volatile I cut them a little slack and use EMA 400 and EMA 80. That one indicator throws his analysis out the window. A person simply can't argue with a solid trend like the metals have unless they are obstinate beyond all reason.

P.