Letter Re: It Looks Like the End is Beginning
James, A few interesting things happened in the market [on Tuesday]. This wasn’t in the market, but is relevant. Hearing lots of chatter generally about things moving to “the final phase”. “Gold is moving as the last phase of the crisis appears to have started,” said Martin Hennecke, associate director with Tyche Group in Hong Kong. I’m assuming that the last phase starts out with gold, silver, Treasury notes, and the dollar all moving up, together. (It is quite unusual for the dollar and gold to move together, even though that’s been the case recently.) Then at some point – …