With gold up more than 25 bucks, it’s easy to assume it will eclipse $1,000—shortly. In my opinion, the pervasive decline in the dollar, coupled with high commodity prices, will eventually wreak its havoc and put the market into a fucking sinkhole.
At the end of the day, finished food prices are out of control. The headline of $1,000 gold will resonate with the “worst case scenario” crowd, helping the market fuck itself in an expeditious fashion.
I think the easiest trade in the world, right now, is to be long [[GLD]] or [[DGP]] and short the dollar via [[UDN]].
In addition, I believe the market will finally fade the [[ABK]] news, causing a cascading panic “get the fuck out of the market now” effect.
NOTE: I hate that Wisdom Tree Indian ETF commercial. Every time it airs, I feel like throwing a bowl of hot soup at the television. However, unfortunately, I never have hot soup nearby.If you enjoy the content at iBankCoin, please follow us on Twitter