Custom Search  Monday, March 30, 2009  Gold and Silver: If Not
Up, Then Down  Gold (GLD) and Silver (SLV) could not go up even
as Ben "Helicopter" Bernanke finally lived up to his name. Gold
put in a major intraday reversal the day the Bernanke announced
$300 billion in debt monetization... and then quickly faded. GLD
has now broken a rising trendline. If not up, then done.  The
fact that Bernanke actually decided to monetize debt should be
interpreted as a sign of fear and extreme economic weakness.
Clearly the Fed knows something. They've stared into the eyes of
the Deflation Monster and blinked. If there was even the
slightest possibility of inflation the Fed would NEVER dare
monetize any debt. The fact that they are probably means that
the global economy and the global financial system have actually
deteriorated further. The prolonged deflation threat is now very
very serious.  It may be time to ADD to the short Gold and
Silver exposure.   Anonymous said...  Why make a directional bet
when you can short g