Hey Dreamer! XAU/Gold at All-Time Low
- Find an asset at an extreme (low or high) and determine if it's headed in the other direction anytime soon;
- Take a significant position and hold the fort while market forces play out.


- It's lower than the 2008 gold stock selloff;
- It's lower than the "nuclear winter" of the mid-'90s;
- It's lower than the very beginning of the gold bull market in 2001.
- If billions of Chinese, Indians, and other Asians finally realize that unbacked paper currencies are much more desirable to hold than physical gold and silver...
- If Ben Bernanke vows never to print another bloody greenback again, and neither does his successor...
- If Congress unanimously agrees to lower, instead of raise, the debt ceiling and drastically cut all but core spending, for the health of the country and its citizens (I know, don't make me laugh)...
- If solar panel manufacturers and dozens of other industries find a valid replacement for silver in their products...
- If the insane amount of $700 trillion in derivatives circling the world like a cloud of toxic particles suddenly evaporates...
- If Beijing calls a press conference and proclaims they were mistaken and now feel no need to diversify out of the US Dollar, that it's the one and only reserve currency the world will ever need...
- ...then we might see that happen. But I'm not holding my breath on any of these. (A phrase about snowballs and hot places comes to mind.)