Lots of juicy news items today indicate just how close we are to the cusp of a big downturn (or several). The rally was driven by the emergency stimulus, so much so that even the possibility of withdrawing the housing tax credit is enough to make the stock market very nervous. Meanwhile, the debt we're incurring with gimmicks like that housing credit is making the bond market nervous.
The housing market isn't faring much better and has yet to return to a realistic historical norm specifically because of government intervention.
All of this nervousness afflicting big asset classes should be good news for gold. I'm seriously considering unwinding some of my gold holdings to have more cash available if these other asset classes crash. Only time will tell whether that's a wise move on my part.
