Heads up: our Crash Alert flag is flying again. More about that in a minute. But the worst may not be over for this market.

Worldwide real estate markets are beginning to experience symtoms of the bust which has helped crippled the US economy. “The housing news is ugly not just in the U.S., but in other countries like Britain, Ireland and Spain. (Recent Economist headline: “Britain’s property boom turns to bust: prepare for a hard landing.”) This means the flood of printing press stimulus will also grow more global, as we saw with the Bank of England slashing rates this week. Bad news for paper currencies; good news for gold.” says Justice Litle.