"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, December 2, 2010

Speaking of moral hazards...

I have been levering IN to the bull, not out.  But it is vital that we remain lucid and aware of just how fragile things are.  I guess there is a fine line between being cautious and being hypnotized by fear while sitting there watching your cash's buying power getting frittered away by the ongoing inflation.  So here's the warning chart again.