Gold has set a new all time nominal high in both pounds and euros this morning, touching £ 990 and €1,118/oz. The euro dropped as far as 1.383 vs the US dollar overnight, but has retraced some of those losses late in the London session.
Both Italy and Spain are nearing a rout in their respective 10 year bonds, as yields for both have climbed above the critical 6% today. For those who don't remember, in the spring of 2009, once the Greek 10 year crossed 6%, it was basically game, set, match as yields shot from 6% to over 10% in under 2 weeks.
Expect the wolves to attack Italian and Spanish debt in the same way as they engineer the crisis to make unworldly amounts of money by shorting the euro and Italian/Spanish debt.
Don't think for one second that they won't play the exact same game with US treasury debt once their smaller euro state prey has been ravished.
A coordinated attack on US treasuries is coming. The time to prepare for this is NOW, before the average citizen has any clue what is going on. The sheeple will receive an education soon enough.
