Tomorrow will be a very important day for the markets. If the Dow bounces back, we might be in for another long bit of bouncing around to bring us back to this potential turning point again. If the Dow continues down in earnest, I think everyone's in trouble. Of course, when everyone is in trouble, it's good to own gold and companies that have gold, so we should do better than just about everyone else. And this is key: It's a competition. Not everyone wins. In fact only a few people win. This idea that everyone can retire rich by investing in mutual funds is an utterly ludicrous fallacy. Throughout human history, in every society, a small percentage of people retire wealthy and the great majority of people retire into poverty. That's just he way it has always been, and without inflationary government benefit programs will always be. Only in 20th century America would we come up with something like, "No child left behind" despite the fact that anyone who has ever run a race knows that just about everyone gets left behind. It's the way it works in a world that values winners and losers differently. Therefore, you don't have to be right, you just have to be righter than most everyone else. So if the Dow takes another dive, this could be it, Kondratieff Winter in earnest, gold and silver rise, stocks go down, oil goes up and inflation runs wild. It won't be pretty, but it will be better for those who have some understanding of the nature of the game. Strive to be one of those people. Bull