For the moment, the trend seems pretty clear. Money from far and
wide rushes into the US stock markets because every other
conceivable place to stash money produces no return, no
interest, no increase, at a time when the value of central bank
currencies is slip-slidin' somewhere south of Palookaville. The
rush into equities gooses equities increasing the rush, goosing
the goose. Consider, however, that trends by their nature must
last longer than the moment to be trends in the first place. One
thing you can be sure of: the trend will end.     Another region
of the trend concerns the recent peculiar behavior of gold and
silver. Fear and greed may rule the trade in paper instruments,
but something else rules the trade in hard metals: uncertainty.
These days the uncertainty is very keen, not so much about the
direction of the trade in paper - because the trend is up, up,
and away - but whether the placeholders for the paper are for
real, or whether you get to keep any of them when the dust
settles at every dust-