Cdn Retail Sales Falter

[LWeber]

The whole derivative trading ponzi air scheme will implode someday, Errol.

It is the OTC unregulated markets that will take out the monetary system as we know it.

Asset bases that you can touch and feel is where I want to be - but not housing.

[errolanderson]

Markets continue to react to yesterday's
Bernanke glow on getting rates
exceptionally low until 2014. This is
not a surprise, but markets are acting
like it is. To us, stock markets appear
quite overvalued right now.

U.S. Fed has cut their inflation
estimate to 2% which is effectively
deflation in several sectors. U.S. Fed
inflation estimates have been too high
for many months now.

Errol

[cottonpicken]

inflation estimates to high?

the fed just said it would show up at
the bond auctions if need be ie qe

this is the only way to keep a lid on
rates

what are the deflationist going to say
when they cant buy gold at any price?

whoops?

[Cattleman]

Cotton, in 2012, what is your estimate on the probability of having $2500 or more gold? What probability would you put on having $5.00 OR less corn?