These are indeed dangerous markets! Probably the most dangerous ever. We live in truly amazing times now.

The buys I made today certainly have risk below. I did not hestitate to grab them however, as I had already been looking closely at the pm’s and the extent of the carnage up thru yesterday. There is always risk, at any time in any place. There is only relative safety no absolutes.

The market chaos we are seeing is really churning things up. The past 8 years were a coma induce stupor for most people. Lambs were pacified and led to the slaughter - en-masse. I tried so hard to warn loved ones and friends, but almost without exception all of them have been wacked, and hard.

There were already signs the metals were getting sold out. Heck yesterday, as I was picking up some Jrs, one of them I had been wanting to take a position in for a long time was Running Fox (a canadian that has a few interesting projects, energy, uranium, gold, debt free). I bought 35000 yesterday @0.15 cents or just under. I looked at the chart for the end of day, the volume was 35000 - I was the sole buyer on that day. A good omen for a contrarian, even though the storm is raging in full strength.

I would never have expected to see this. Running Fox is hardly a big company either - but it is quite well known and it has been up around 1.30 or so, healthy volumes too, at normal times. However these are not normal times. I could have paid $5000 for 5000 shares a year ago. Or yesterday I bagged 35000 for the same amount. Could it go lower? I guess it could, but at this stage, if it gets even more insane I think we’re going to a place in hell on earth where the stock market will be the least of our concerns.

All one can do is act in the world and be ready to do so without fear or panic.

I know it might seem premature, and it could be but I think the metals are ready to move higher right here. The timing of the raid today makes perfect sense to me, even though of course I did not expect to see it, one just has to deal with events as they happen.

Sell strength, buy weakness. Well, today we had weakness in spades after a gruelling period of extreme weakness. So how much better does it get?

We have seen this kind of thing before in less extreme circumstances, where the gold market and stock will get bombed just when they should have made a break higher. I do not play the short side on the metals at all, but from the way that shorts tend to talk about some of their fun and games in the markets, this move does make sense. Bomb the metals in the comex, pound hard on the shares. Try to cover and obtain ridiculously discounted position ahead of the bull move, at levels way lower than most players remaining. All of this fits with the mindset we’re up against. The PPT must have been only too happy to assist.

However, all that said and done, they’ve pushed it to extremes now, on multiple timescales and degrees of measure. In my humble opinion they already pushed it way too far, but we are likely dealing with the same 20 somethings that spend the last few years sowing the seeds of mass financial destruction in the credit markets.

In the moments where rational sober analysis produces a favourable low risk entry point, the prices are never bargains. Such situations are too easy and obvious to have much appeal. That which is obvious and predictable is priced into a market, even with all the noise and chaos overlayed on top.

I feel that sometimes one has to jump in and take a little risk now and again for really good long term profits and low entry points. Sometimes it doesn’t work, but on a day like today, I think the risk/reward is favorable.