We are of course inflating continually against a deflationary impulse or need to correct. I am not a dBoy because they get blown up in their stance periodically. I am not an iBoy because of the same condition. I am an idBoy.
So those that despise Prechter - truly one of the 3 or 4 people who helped create me - can turn off the blog for the day, or forever. Up to you. But as we enter witching season, don't say you could not have been prepared.
Video removed due to glitch
I am on the gold mining case because fundamentals tell me I should be. These funda's are not readily apparent to the average tout or commodity/inflation hump. They are not even apparent to Prechter from what I can see. But there is deflation and there is the inflation used to try to stem it. Disregard daddy d Boy if you want, but he has been on the theme of creation and fated contraction of credit since I began reading him a decade ago. Anyway, here's Bob on Junk Bonds and the contraction of credit in general.
Prechter is going to be a sub-theme here on the blog going forward and as long as the deflation phase persists because as noted back in 2008, there are times you (or at least I) definitely want to know where he's at. And yes, I receive a commission for any new business EWI receives through this site and that does not change my view a bit.