Have some cash on hand......
 

....gold up, bond yields up, bond auctions ramping up in earnest.

If there is as much as a hiccup in the bond market auctions (37 billion on the short end today I believe) the blood will flow.

Imo, in a bond market hiccup/massive currency crisis, the banks will inevitably close their doors at some time in the future to protect thier reserves.

I think that can happen soon.

Re: Have some cash on hand......
 

Got it covered, BB! Gold looks strong this am, something is up.

Re: Have some cash on hand......
 

I think these auctions are getting tense. How could they not. They're borrowing the equivelent of past total yearly budget deficits every couple of months. Who's buying???

The party's coming to an end.....