So there has been considerable turmoil in the market and a lot of people are suggesting that the there is light at the end of the Credit tunnel and a recovery, after the write downs of Bear, Long Term and Gold/Silver dropping and the dollar rising, is about 10 -18months out. There was even a story in the NY times suggesting that job losses this year in NYC alone will be 20,000....wow!!...how undeserved....actually, in truth, you should add another 0...yes that's another ZERO to the end...I expect 10's of 1000's in losses....

So, looking in the crystal ball, if you will, i believe that the turmoil hasnt even begun yet. Actually interestingly, Goldman just came out with research saying that the credit losses can add up to $1.2 trillion today.

Ok, so now what? well here: Gold/Silver is rallying....people are now again fooled into buying, but a correction, a massive one will take gold down to 800s at that time, bond yields will also fall. All equity markets will fall or have fallen, the safety haven sought by investors to Bonds will be the final straw that breaks them and begins the upward movement into Gold/Silver. This will essentially begin the Mania phase of the Gold bull market. Taking the metals and the related mining companies into the stratosphere!