[quote=TheBreeze]Gold is up $2 to 1050.60 overnight. This could be the big one.
You guys know that it doesn’t have to be the end of the world right? Things can just get gradually worse. Jimmy Rogers likes to talk about when the British pound collapsed but it didn’t lead to the end of British society.
The dollar has already gone[/quote]
Breezy, I would like anyone to correct me if I’m wrong on this, but I really believe that this is the first time that a reserve currency has collapsed. So we’re in uncharted territory here. Comparisons to the Pound, Weimar mark, the Argentine peso or the Zimbabwe dollar are really not appropriate.
My growing concern now is that this collapse could happen with lightning speed (in a matter of months or even weeks), and I say that because in all my years observing gold action I have NEVER seen movements like this.
I think we may have seen the end of “gradual” unwinding in this crisis. You need to brace yourself for impact. Keep watching gold – every day – every hour, even. Gold will tell you everything, even if you don’t have all the facts or know all the details. And right now gold is screaming,”Red alert”.
