The elephants are dancing....................from Rico

There is an expression that goes "be careful when the elephants are dancing"...and boy, they certainly are!

- It seems that the Cartel has returned to making a concerted effort post-Cyprus to manipulate the paper bullion market. Today's activity is certainly an 'impressive' display of what massive unbacked paper can do to spot prices when 'blessed' by the Central Bank.

One wonders what the guys who get to 'see' the real numbers are so scared absolutely witless of?

- Is it the quadrillion in sham derivatives that threaten to 'blow up' the global financial system imminently? Maybe.

Or, is the fact that there has been NO 'recovery' at all, and there never was one (except in the fantasies of Central Planners and Central Bankers anxious to keep the scam running a bit longer), with today's American average real disposable income of $32,663 running just under the number from Dec 2006, which was $32,729?

- Better hurry and raise taxes before that one slips out!

It could also be abject FEAR of the masses actually discovering that the 'era of fiat' ushered-in by the FED has NOT been one of "stability, prosperity, and growth" as ANY Keynsian PhD or faux-Nobel Laureate will readily tell you (while quite ignoring two World Wars, the Great Depression and the current Son of the Great Depression).

I think Jim Rogers (who was smart enough to end his partnership with that rotten Hungarian) is absolutely correct when he says it's time to "head for the hills."

- Better early, than a day too late when the elephants are dancing.