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<p>[QUOTE=&quot;Juan Blanco, post: 1576979, member: 41665&quot;]The &quot;Fiscal Cliff&quot; will NOT herald Armageddon, folks. Sure, it may well precipitate a -20% decline in stocks (and likewise, a-15% in PMs) but that&#039;s nothing to panic over. This kind of correction or retrace is NOT a &#039;Bear Mkt&#039; NOR a &#039;Crash&#039; - it&#039;s just the &#039;New Normal&#039; for Paper investment and asset-class volatility. </p><p><br /></p><p>You all remember how GLD retraced -25% from 7/11/08-10/31/08? Check the charts: SPY (US eqty) fell -22% in that period. <b>But SLV tanked -50!!!! </b></p><p><b></b>Approx rule of thumb: in shart declines, <b>Ag is twice as volatile as Au, and alot scarier than stocks! </b>Anyone &#039;freaking out of stocks in 2012&#039; really ought to know this already. More risk lies ahead!</p><p><br /></p><p><i>Because </i>asset classes are STILL highly correlated, <b>don&#039;t buy into the &#039;de-coupling myth&#039; </b>... just yet. The bullionist discipline will pay off - but much, much later.[/QUOTE]</p><p><br /></p>

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