this is from gene arensberg's latest got gold report:

Gold at $1,300, silver at $22, Big Mining Stocks within inches of breaking out; the buck gets gutted (and skinned), oil pops above $80, copper above $3.65 and the Fed is worried about deflation? Really?

Hey, wait a minute. Isn’t this the scenario we thought would happen in 2008 when the dollar was under so much pressure then? You know, just before the July Massacre and the world plunged into the 2008 panic from hell?

We are witnessing the process of liquidity fleeing the dollar and trying to find some kind of “stuff” that will hold its value. This, as confidence in paper and in the governments that print that paper evaporates as the global sovereign race to cheapen most all fiat currencies accelerates. It’s just great for gold and silver mavens to be alive.

We worry though, as we probably should, that there is not a happy ending to this movie. To stretch that metaphor, we seem to be in the frantic car chase scene right now, barreling headlong toward a sign up ahead… Let’s just hope the sign doesn’t say “Bridge Out.”

http://news.goldseek.com/GoldSeek/1286172300.php