Archive - Jun 1, 2012 - Blog entry

Headlines & stories from the day

Clusterfukushima ... Part Deux

Folks if you’re buying into the whole QE 3 is coming on June 6^th  argument you’re out of your minds. This is an election year. If the Fed announces QE 3 now, Obama is done. Do you really think this is going to happen when even the Fed’s biggest doves are noting that the consequences of QE outweigh the benefits?

German taxpayers still have an opportunity to just say no

Yes we can't...0000000000000000000000000000000000000000000

Gold’s London PM fix today was USD 1606.00, EUR 1292.763, and GBP 1041.775 per ounce.

Gold lost 0.17% or $2.70 in New York yesterday and closed at $1,562.10/oz. Gold initially traded sideways in Asia then dipped and began to recover at the open in European trading prior to further slight weakness saw it touch $1,550/oz. 

We finally get to continue what we started in 2008. Becuase the TPTB insisted on kicking the can down the road, the resulting pain will be excruciatingly devastating versus simply horrible! Alas, once you get you short positions/puts/futures in before the inevitably ill-informed short ban, money can still be made. 

All you need to read.