The peripatetic Mercenary Geologist Mickey Fulp covers a lot of territory in this Gold Report exclusive interview. He touches on why he looks forward to a correction in gold, how some of his favorites in the still-hot rare earth element (REE) sector are faring, which company is ready to step up as a leader among the next generation’s crop of REE juniors and what criteria he uses to evaluate the “best of the best” stocks that he presents in his periodic Musings. Among them—if he can’t see a double within 12 months, Mickey will walk on by.

Take a look at what’s happening around the world …

Washington is dead broke, drowning in $136 trillion of debt and unwilling to make meaningful spending cuts. But even if they were willing to make cuts, they simply could not make enough cuts to get out from under the crushing debt load, not to mention the interest on the debt. As a result …

Our Federal Reserve is printing a tsunami of dollars to try and patch together everything … to support current spending … to try and support our bond markets so they don’t collapse … and to inflate away our debt problems. Meanwhile …

Most U.S. states are dead broke. But unlike Washington, they can’t print money; they must slash spending.

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Commentary below from Mark Leibovit, TIMER DIGEST’s #1 Intermediate Market Timer for the 10-year period ending in 2007, the #2 Intermediate Market Timer for the 10-year period ending in 2009, AND the #3 Gold Timer for the Ten Year Period ending 12/31/10. Subscribe to the VRTrader Newsletter.

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Current TIMER DIGEST Signals:

Stocks – So much is news dependent day to day, but I remain bullish. Regardless of any cyclical or technical forecast, whether it is mine or Warren Buffet’s, outlier events can change forecasts and history in a split second. Technically, the market has broken first level of support at the key 50 day moving average that so many traders adhere to. We’re a long way from the 200 day moving average in all the major indexes, (for example, 1210 in the S&P 500), but that would be the ultimate line in the sand. For now, I am assuming we’re still in a bull market that got temporarily derailed and I’m awaiting clear evidence the ‘worm has turned’. So far, we’ve had a sharp wave lower on heavy volume and presumably a ‘dead-cat’ bounce on light volume. The 1249-1289 range (Wednesday’s low versus Friday’s recovery high) likely defines short-term direction.

Gold – Bull – Cycles indicate a further rally try ahead, but time is running out. New highs are still possible in Gold and Silver. I am still willing to hold my long-term positions because of my belief that with the ‘wind at our back’ and long-term cycles higher, we are best hanging in there!

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Bonds – Bearish – Fear is moving money into ‘safe’ areas and we’re getting a long overdue technical rally. My view is that this rally will afford us a inverse ETF opportunity to participate when bonds again resume their decline. We should get that opportunity sometime between now and the end of April.

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http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2011/03/21/the-seven-immutable-laws-of-investing.aspx