- advertisements -
More like "Gold Plated" state.
The iron pyrite state.
Silver just broke out of its trading range.
Look out above.
Now that's a Silver Woodie if ever I saw one.
Ben giveth. JPM taketh away.
Yes, heading up thru 39.13 as I write this.
However I rather doubt TPTB will let the paper market go much higher. I fully expect another huge smack-down as it gets up around 40 or crosses 40.
They're just not going to let the paper silver market break out into a full natural runup.
...which is fine with me, more opportunity to buy it cheap ...physical that is.
Considering JPM is sitting at 40.78, you could be right. That is if JPM indeed did collateralize their stock for their naked short position on the paper silver markets.
Not sure about that. They have bigger fish to fry, than attempting to suppress silver in the face of massive asian and domestic buying... all to protect an institutional perception that is collapsing?
Once we get to 'abbandon ship, bankers and financiers first', and the suits and pig men trample over their grandmothers to get to the lifeboats, this whole menagerie could drop...
"TPTB" may have to prioritize their resources.
The clock is definitely ticking on "buying it cheap" my friend. Local brokers are already scalping the physical Ag and many larger brokers are raising premiums as well.
Nice, well done!
...or the Golden Shower state.
"It's time to eat our pee."
<double post, no additional charge>
Please anyone could share a list of
ETF´s related to Munibonds, and tickers of Most Tradeable Equity;Funds, Munibonds?...
TO get short
The Golden State is so desperate for money that they stopped issuing 60 day notices for vehicle registration so they can collect on late fees.
so you had a late fee...
why not blame the mailman?
time to make it state number 32 - for Mexico
California situation is very easy to fix
In 1-2 years, CA will have a large state budget surplus
Additionally, California is working to set up its own bank, so that it won't have to pay so much interest when it borrows. Cut the banks out, and we all have more.
Paging Meridith Whitney...
Don't worry, Bill...I've got your back. Is 10% good for you?
Gotta love that Meredith and her macro calls. Like duh! Very bifurcated market. The good shit is
getting major bids while the rest hangs fire.
It's all Meredith's fault
JPM posted better than expected earnings. No worries.
Rockin! Wheres the need for QE?
Just decrease your loan loss allowances and, bingo, earnings look great. Bonuses all around, bitches.
bridge to nowhere , bitchezzzz!
While in the real news... SP : miss any payment on anything and you get downgraded.
Standard & Poor's has privately told U.S. lawmakers and top business groups that it might cut the U.S. credit rating if the government fails to make any of its expected payments -- including Social Security checks -- even if it makes all its debt payments, the Wall Street Journal reported citing people familiar with the matter.
OH, checkmate to petulant Obama, 'You miss any payments, we downgrade you'.
I am glad to see the sleepy ratings agencies suddenly alert and frisky like a pitbull now downgrading everything in sight after completely MISSING everything up to this point.
ALL ACTORS ON A STAGE...
There is better acting in porn.
That is what I hear.
[Doorbell rings, girl opens door]
Moody Steel: Hello, miss, did you order a ratings downgrade?
Pet Chulent: Why yes I did. Come on in.
Moody Steel: Do you want a long downgrade?
Pet Chulent: Ooooh! Really, I just want a little one until my sugar daddy comes back with another big stimulus package.
Moody Steel: Well, all I have is this AA.
Pet Chulent: Wow...it's so big and threatening. It's perfect!
Moody Steel: I thought you might like it.
Pet Chulent: Can you just wave it around without actually..you know...finishing the job?
Moody Steel: Well, we run the risk of making a mess of things, but I can give it a shot.
Pet Chulent: Let me open the curtains...I want everyone to see it.
Moody Steel: Well, aren't you a naughty little bitch?
[Cue music http://www.youtube.com/watch?v=4fYfdlKIon4 ]
Good work here! It ends up a bondage flick, doesn't it?
That is SHOCKING coming from S&P.
Looks like the rating agencies have come to Jesus!
I would love to know what their ulterior motive is. There has to be one. There always is. There is no way they are doing this to actually be honest ratings agencies. As we all know, honesty doesn't pay very well in the world of the financial mafia.
It's simple. Wall Street wants to push Obummer over his reluctance to start looting 401k and other pension assets, so they have their (completely owned) rating agencies turn up the heat.
yep them and the banksters want it ALL NOW.
Never let a good cry go to waste.
Indeed it is. Maybe the elite has finally decided to destroy it all.
Don't send money, just more of the Governator.
Hey.. isn't that Mickey Rourke ??
Looks like Mickey Rourke, except not bizarre enough lookin. Like an 80's Harley Davidson and Marlboro Man Rourke.
Is that Harrison Ford? The sign now makes sense!
Tuco Benedicto Pacifico Juan Maria Ramirez
He's probaly just going to spend it fuel...
Are we at the point where the pirates turn on themselves and start killing and stealing each others loot because theres no one else left to plunder?
'We'll pay you back when we plunder the taxpayer more later in the year', yea right.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.