The Long Roll-IN

This is another day when I have nothing new to add to the assessment of economic and market conditions. A combination of a dysfunctional congress and European austerity is setting up the markets for a precipitous decline.  Market volume is light on the extended rally and the bulls point out correctly that markets rarely end with a whimper.  What if this is a rare time? 

We remain 80 percent short gold and 40 percent short stocks which totals a 1.2 leverage ratio on the short side. 

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