Three-Ring Circus

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While commodity supercycles have been generally only been associated with periods of global-scale warfare, many a speculator has jumped on the China/India bandwagon over the past few years amid expectations that demand for "stuff" from these countries and others is effectively insatiable. Ummm, right. Just like the real estate mania in the US made the front page of every magazine one could lay their eyes on in any airport newsstand just last summer. Before that, you may recall the dotcom/biotech/high-tech/IPO stock mania that came to and end as the new millennium dawned. The three ring circus moves from one ring to another as clowns usher in the next act. The most recent trapeze act was also known as "The Armageddon Now Trade."

The next act is warming up. Follow the money. It's that simple. But do not venture anywhere without your core gold insurance in place.

Happy Trading.