I have all the respect in the world for Puplava for opening me up to themes I never would have previously thought of.

However, the true contrarian in me has been waiting to see when even Puplava -- who, perhaps along with Peter Schiff as the die-hard inflationists -- capitulates, even in the short-term. I believe that happened a few weeks ago when I started to hear on FSN from Puplava that he was, "getting defensive," and "has been raising cash," and was recommending, "corporate bonds. How does someone recommend such a strategy AFTER a 80% crash in gold and oil stocks?

To me, this indicated that the final round of selling had probably been happening in the gold and oil equities, and it was probably a bottom.

I love Puplava for the macro and Austrian education he has provided over the years. Yet for someone who claims not to try to be a market-timer, I have heard an aweful lot of attempted-timing going on over the last few months.

That is not my game, which is a reason why I do not subscribe to Frank Barbera. Love their macro analysis, but I have a broader view in mind, and have used the entire fall crash to get my average positions at about 1/4 to 1/3 of the previous highs for most gold miners. I'm happy with that and sitting tight.

Hysteria