Dear Extended Family,

Stay Focused.

The first fallout casualty of the Flu panic today is a $50 billion dollar request to the IMF by Mexico. Quantitative Easing is going to shift into high 8th gear everywhere.

COT are such a lucky bunch perfectly positioned to hammer gold from unchanged to minus $3 hard since about 5am today.

If you throw away your gold protection, as some of you are right now, you might as well take off your mask on the Swiss train car with the exploding virus vials or run up to someone in Mexico City and say please sneeze on me a few times.

Keep your eye on the ball.

Respectfully yours,
Jim