Here are some charts from a special report I sent to my subscribers today …
First, a chart showing how gold has been acting against the euro and the U.S. dollar. Note how gold used to track the euro, and is now tracking the greenback?

Now for a chart showing states’ projected budget shortfalls. Is this going to be important to the economy? You better believe it.

Now, here is a chart showing (basically) how indebted American are. We are probably going to go through a period of severe deleveraging. Previous bouts of deleveraging lasted on average 10 quarters.

Do you think this recession is average, or worse than average? My views, as well as the effects I think these and other factors will have on various markets, are in today’s special report.
The report is available to subscribers to my Red-Hot Global Small-Caps. Also, my Red-Hot Commodity ETFs subscribers got it as well.
Oh, and I have a new MoneyandMarkets column today, “Blessing in Disguise“
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