My 1st Million At 33 - yes, you can do it too

I have thought that gold would have dropped and continued to drop after the 700 billion rescue in the short term, and I was expecting a much less subdued reaction in currency markets. But to my surprise, precious metal miners and physical markets continued their strength non-stop. Only the first day (or rather the first hour), the market reacted stupidly.

In currency markets, euro and commodity currencies (AUD & CAD) have been going up dramatically. US dollars are dropping very fast. Again, I thought that the markets are kind of stupid. But no, market participants are (suddenly) understanding the bullshits behind Paulson’s rescue agenda. Yes, the long term effect of the rescue plan is kind of obvious. And I have positioned my portfolio years ago in anticipation of a long term US dollar devaluation. Of course, markets in the recent past especially simply went stupid by a rising US dollar to almost 80 level. Is this a turning point and reckoning point for average market participants??

The precious metal markets should be entering the biggest third Elliot upwave (now or) in less than 6 months I believe. Again, let me repeat that in the middle of third wave, it is when majority of the market participants are more right. The sooner the average market participants start to truly understand the future impact on the US dollar, the sooner we will get thru the mid-point of the third wave.

I have also noticed more and more on TV and radio, whenever a rescue package is out, one of the frequently asked questions by viewers and listeners is that “where do they get alll that money?” Again, this past weekend on TV, TV hosts are asking “will there be tax increases because of the rescue package?” The average people are really starting to understand that “things are not free”. It is kind of obvious to me that both McCain & Obama simply won’t do much accounting for all these rescue packages, and United States simply cannot afford any tax increases on average people for any of the rescue packages. All the money for rescue will eventually manifest their effect as more US debts, more US inflation, and less US dollar valuation. US dollar is destined to be toast.

You can fool some people some time, but you can’t fool all people all the time. Eventually people realize the truth that US dollar is worth nothing. It looks like the snowball for US dollar decline has been set in an irreversible motion. Make sure you position yourself long term, and never lose sight at the final destination.