Parisian Family Office, CEO. Began Wall Street, 82. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative, raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, Dean trades from Ghost Ranch, on the Yellowstone River in MT, TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Chase your dreams!

Thursday, February 02, 2012

Groundhog Day at mid-day............

Beginning just before 10 am, or the moment Ben Bernanke's prepared remarks went off embargo, gold and silver have been on a relentless tear, with Gold passing $1760/ounce and now just $150 from its all time nominal highs. And while risk is on elsewhere, stocks priced in gold are down 0.9% since their highs yesterday and at their lows in real terms, even as they hit new nominal highs, confirming that fear of the coming monetary tsunami will benefit precious metals.

So while the lemmings focus on meaningless nominal gains, their real purchasing power just lost another 1%.

Thank you very much Ben - you are a good man.

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