Stone

Just don't see how anyone can hope to predict the short term direction of markets which are so blatantly rigged. I know what I own (precious metals and energy stocks) is undervalued but whether it will become more so before the market values it fairly who can tell? I hold my position until until I'm proved right.

If I had to take a punt (and I guess an an investor I have to) then I'd agree with Faber that if the market goes down sharply the Fed etc will print money until it stops and starts going up again. They're going to keep papering over the cracks to keep the public fooled while they quietly move their wealth into precious metals and other tangibles.

EC