Seems to me anyone with some real credentials and experience in investing over the longer term are pretty guarded about the market's prospect ... they don't want to predict it is going down ... but it does appear to be its expectation.

Smart money know that gold is going up ... I have said we might get caught in the downdraft .... but not likely ... I am more likely to think now that the next capitulation .... those who thought the US economy and $ could be salvaged now know it will not be.

I suspect they are quietly accumulating gold now and gold will have a good run as it the floodgates open and they transfer even their "high" quality assets out of US denominated stocks and into gold.

We may not be in the first run up with gold ... but we will as it is relentless and the big players in gold get slightly overbought.

The dumb money will be wiped out later (the last capitulation) .... I have been somewhat bearish with this and all juniors .... I am becoming mildly bullish on CSG and would buy now on weakness.

Orgy