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Commodity Complex Pummeled In Preparation For QE 3
Not at all surprising, the entire commodity complex just swooned, supposedly on the latest DOE inventories data, which saw a surge to 2878K versus expectations of -1600K, up from 616K previously (same surge in gasoline inventories, which surged to 2553K on expectations of 900K). We say not surprising, because crude, and thus all the other uber-correlated commodities, needs to drop at least $10-15 from here before the Fed can then proceed to triple its price once the money from QE 3 start sloshing around. We expect significant more downside weakness in Crude as the realization that QE 3 is inevitable finally dawns on Wall Street. Remember the Catch 22: everything (commodities, stocks, etc) has to go far lower, before everything surges yet again post the next monetary easing episode.
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actually the commodity complex is moving in relative harmony (in a sell off),,, with the exception of gold
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s233940535]&disp=P
commodities are clearly being treated as risk.. with a (now) a long term psar sell signal
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s232689475]&disp=P
well...ISM shows industrial activity falling rapidly.
Any industrial commodity should fall accordingly. Oil supplies are relatively tight, so it will hold up. Gold is a reserve asset and will hold up generally better.
But the speculative margin premia on anything like this will have to burn off.
QEx is a foregone conclusion unless the government is going to eliminate a $1.5T deficit. Without Fed monetization, they simply cannot have a nonfailed auction.
With QE3 I wonder what the next volitility spike on the NYSE will look like?
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s163761243]&disp=P
Skynet loves to harvest cash from the markets with volitility....
"Skynet loves to harvest cash from the markets with volitility".
Chartcruzer knows the game.
Well stated.
commodities are clearly being treated as risk.. with a (now) a long term psar sell signal
Just need to get a few more bought into the illusion and Ben + Timmy's homemade ice-fiat is set to launch its newest flavor (QE3)
P.S. The antidote for the illusion is to rub two ASEs together...
-in my sopwith camel
http://www.kitco.com/charts/livegold.html
http://www.kitco.com/charts/livesilver.html
those two just dropping off like that.. $1 buck silver and $10 bucks gold.. is such a normal drop.. a striaght line down.. it happens all the time.. when the FED price cut team comes in..
what a joke.. so am I supposed to trust that the people printing.. have my best interests at heart?
no way to save money, without getting run over by inflation.. no way to Not! spend it! but the tangibles that are fantastic.. are getting knocked down?
I will buy the Fucking Dip and say Thank! You!! for the chance to buy low here in America for a change instead of China always getting the cheap prices!
Didn't you guys say the silver base was 33? Now all of a sudden copomods have to go much much lower?
No! IT IS $5 DOLLARS!! to dig it out of the mountain! or ground..
$5 Bucks.. more rare than gold.. and No! you can NOT! eat it!
sell you silver to me! I am buying at $6 dollars! tha tis $1 dollar more than its worth!
this should tell you what the real credibility of pumpers is.
They were stuck clock right so long as the price was rising. Now, all of a sudden, AFTER a big drop, you see them all coming out saying "glad I waited," even as on an up day they were happily parroting that COMEX was going to "run out" and that major upside price moves were imminent.
Some of them even put absurd price targets out there which fell flat on their faces and now they just pretend like such things never happened. Ignore them as they are really just trolls.
Yeah, like the guy who SERIOUSLY wants to sterilize between half and 97% of the human population isn't a troll.
I've been right for YEARS, bitch. I also predicted this paradigm change back in February. But your rage controls you, and doesn't allow you to see it. All you see is minorities everywhere--minorities with inferior IQs whom you MUST WIPE FROM THE FACE OF THE PLANET, HEIL TRAV, DUR FURUR!
wow, I didn't even mention you by name and yet the description was so accurate that you chimed right in with the first response. You are like a fucking squirrel walking under a box propped up by a stick with a string attached. I am holding the string.
You dance for me, bitch.
Wow, you certainly are an arrogant little bitch.
Just like all the other trolls, you think you are a unique little snowflake. What a loser.
Go castrate a gibbon, you dumb fuck.
keep dancing, bitch
"Hurp a durp. Me has no argument, so me pretend me is da masta."
hilarious.
So what? It's not the worst idea I've ever heard. Quite honestly, I think females should be reversible-sterilized at puberty. Later, if they decide they wish to have children, they can apply. A prospective mother should demonstrate that she is in a stable relationship with a decent mate, and that the two of them can adequately provide for a child and give it a good quality of life. No, you don't get to have 12 kids that you can't afford to take care of and dump the cost onto the taxpayers. Personally I am quite sick of having to pay for other people's children when I had no say in the decision to create them. By all means, bring on the sterilization.
Right, so you want men with guns to break down your door in the middle of the night and assault your 12 year old girl?
What the fuck is wrong with you?
Oh that's right, you are just another member of the death cult, jumping to the defense of Trav the high priest.
How's about instead of assaulting our children for being poor, and doing hundreds of millions of unnecessary surgeries, we just abolish the welfare state?
Is that the way childhood immunizations are done? By armed men who break down doors?
Apparently, simply that I don't agree with you.
I don't know anything about a death cult, and I'm not jumping to the defense of anyone. What I said was that sterlization is not the worst idea I've ever heard, followed by some opinions of my own.
I like that idea, too. I guess now I'm a tmosley defender and a member of your cult.
Childhood immunizations PROTECT children, and are submitted to VOLUNTARILY by parents. You really think parents are going to happily submit their children for sterilization by the state, because they MIGHT not be able to support children they may or may not have? How do you intend to enforce this mass sterilization mandate?
No-one will submit to this, any more than anyone would submit to being executed at 30 years of age.
While childhood immunizations are basically voluntary, in order to be enrolled in a public school it is not. This is like saying that federal money that is given to states is voluntary as well, except its not.
What about the states that are heavily against home schooling and alternative schooling forcing parents to do public education?
Right, but there is a subtle difference between being immunized from diseases and being assaulted and rendered sterile surgically. The complication rate from surgeries are such that mandatory use on everyone, there would be many thousands of deaths per year, not to mention that the reversal might not work, and poses additional hazard.
I was purely commenting on your statement saying it was voluntary.
And I think your statement that it is "protecting" children can be used against you. Do you really think they wouldn't spin this to protect your childrens economic futures?
I already make the argument that abstinence (not necessarily till marriage but till you find the right person, whether you get married or not is irrelevant, mostly you're in a relative stable position) is without a doubt the best strategy today as it relates to "sex information" to "kids". I argue that due to today's community and family erosion and the extremely tight competitive atmosphere (not to mention extremely weak economic future) having a kid at the wrong time could figuratively blow your own legs off, and I thank the fact my retarded past didn't put an extreme anchor on my life like other people I know.
In saying this, do you not think some "liberal" politician suggests that if you sterilize your kids they'll have a much greater success chance in life, and therefore protect them? (They could be "right" at least how they will measure success). Abortions are already conducted with this in mind. While they aren't MANDATORY, who says that "those who are on welfare with kids, in order to continue to get benefits, must sterilize their kids"?
They apparently know best. In otherwords, "protecting kids" can be used for sterilizing for their "own good."
Edit: Also one more thing, you think that unintended deaths due to liberal policies are going to stop these fools? Good intention government forced policies have killed more than enough people to refute your statement.
Cliff wants to keep feeding the stray dogs in his neighborhood until they population saturate. When he can no longer feed them, their population will crash in starvation, disease, and misery.
The stragglers from the "starving masses" he hopes will find their way to his bugout ranch and worship him for his stacks of silver.
Less population at this point is in everyone's benefit. Pay the intelligent to have more kids; we simply don't need more of the stupid and violent.
I wouldn't force everyone to become sterilized, I would PAY THEM to be. Then, they can pay for the reversal should they choose. Subsidize the fee of those who pass a test.
NOTHING compulsory about it. I am all about carrots, not sticks. Mosely-claven is just too stupid to bother with explaining all this to.
No, I feed no-one. Apparently you have missed the part where I want to do away with all government feeding. Doing so stops people (in this case dogs) from becoming dependent.
Unlike dogs, humans have technology, science, and deductive reasoning (well, some humans). We can create ionic liquids to reopen vast numbers of oil wells, and to harvest oil sands with practiacally no energy input. We can mass produce graphene to build space elevators to take us to the stars. We can mass produce doped graphene to harvest enormous quantities of solar energy. We can genetically engineer microbes to produce fuel from sunlight and CO2.
But you don't want to hear about any of that. You just want to castrate blacks. You want them as slaves. You want to use the government to rule over the "lesser" people, and flaunt the infinite power you have appropriated for yourself.
All you do is jack off to your dumbshit Mad Max fantasies. I have some land, where I grow some crops, sure. I don't need anyone to worship me. What I need are intelligent, good people to be wealthy, and help me to build a better world after our current government collapses. That does not include you, you God damn mass murdering sociopath.
Graphene elevators to the stars....ROTFL
Dude, while you're up, why not just fly there on a unicorn?
Yeah, I know you don't believe in science, which is why you live in a cave and eat twigs and berries, and whatever dead thing you can find.
Nevermind that graphene has now demonstrated mass production methods, and its tensile strength has been measured to be some 30% higher than that required for a space elevator.
they push shots a lot at the VA.
i tell them, thanks but no thanks.
they don't like it but so what. no shots here, not now, not ever.
certainly you are not so stupid as to try to refute a point by the difficulty of its implementation, are you?
That's a strawman. then you veer off into ignoratio elenchi and false dilemma.
Try again. This time, find a smart person to help you write your post.
submitted to voluntarily? are you kidding?
when is the last time you had a child at the hospital? can you tell us what happened then? do you remember when the nurse came running in and wanted you to sign a bunch of papers? did you read those papers? what you did was sign over your child, to the state. sad but true. we are not a nation of laws, but a nation of rules and regulations and agencies.......
Do you really think you will be allowed to have opinions in a political regime that force sterilizes?
Yes so you have to bribe or be buddy buddy with the ones who make the decisions on your behalf.
All this BS about sterilization of the weak, shouldn’t it be the smartest in society, the elite who we should neuter, since they always put us in the shit? If you are going to go to the trouble of engineering the human race, shouldn’t you aim at equilibrium?
huh??
Weak and the smart? Is this the false dilemma now?
How about we follow your plan and sterilize all the smart people...how about everyone with an IQ over 80 and we'll see how well society runs going forward. How about we put chimps in charge? Have your pet drive you home tonight; he loves you.
http://www.splcenter.org/get-informed/case-docket/relf-v-weinberger
Relf v. Weinberger
mandatory sterilization of welfare recipients halted.
Its not a dilemma for me mate, I don’t think there are many people that concern themselves with it to be honest. But since you bothered to answer, I was flippantly suggesting(laughably) that we take everyone in positions of power that have made poor decisions and influenced bad outcomes across the gamut of society - bankers, politicians, financial and social engineers, criminals, artists, inventors, corporate heads, media moguls, PR gurus, psychiatrists, scientists, buccaneer’s etc and sterilize them…they obviously come from a dominant gene pool of above average intelligence and are responsible for most of societies huge fuck ups. You get the idea; I never heard of lil Wayne from the hood designing an atomic bomb and dropping it on the yellow people etc…stuff like that.
When you look at how things stand, all societies true evils past and present are the creation of peoples with above average intelligence regardless of race. Is it evil you want banished, or just black people? And what makes you think that we need to get any smarter? Aren’t we smart enough to be plumbing new depths of stupidity every fucking day? Do me a favour.
Don’t look at it as people dumbing you down Trav, look at it as though you are helping people to become more intelligent. Maybe if highly intelligent people werent so specific and choosey about who they fucked, we could get to your nirvana a lot quicker. Get out there and get that little white dick into everything you can lay your hands on. Get out there and put some notches on the nations IQ median, be a good American.
wtf did race have to do with this?
I said IQ, not race. It happens that the distribution curves between races are different, so the outcome would be disproportionate. That is the only impact with race.
As for the crooks, fuck sterilizing them...execute them.
Lil Wayne never invented the refrigerator either...you want a society run by little fucking Wayne now? Really? They have that, it's called Africa. I'll take scandinavia.
Oh you never meant race? Shit Trav, i completely misunderstood you, it turns out that you are just a critical thinking, hard-nosed anthropologist with totally benign theories of genocide by proxy. Forgive me.
So what is your opinion on implanting inferior races with selective sperm to make them as intelligent as whites? If we were really pushed into action on the matter, wouldn’t that be easier on the human collective conscience than consigning a race of peoples to history for our own benefit?
Hey cxl9,
Depopulation starts with you bud. We'll follow your lead, trust me :)
right, we absolutely have to make sure Jews, blacks, gypsies and gay people are the first to be sterilised.
If they can prove later that they are hardworking slaves that won't put up a fight we can allow them to have children.
<sarc off>
I'm just as appalled as you by having to pay for someone else's welfare, but the solution should be to remove the welfare state, not give the government more power to sterilise people... we all know where that leads to.
we have some gypsies around here. they are in the asphalt business. the usual sales pitch is like this.
excuse me sir, but we just finished this job and we have some access asphalt left over and we would like to give you a real good deal on a driveway....ha ha ha
oh and another thing they do is spray that white stuff on the tops of houses and tell people that it will save them lots of money on electricity cooling bills......
ahh, another dick-centric logic fail.
I had this one-sided "conversation" with Trav months ago - what none of you take into consideration is the FACT that females can only birth one child per year, while males can impregnate dozens of females per WEEK. . . so, if you're really really concerned about all those "other people's children" you "pay taxes" on - sterilise the seed planters, not the ground.
here's an easy proposition - paternity test EVERY "fatherless" kid on the dole, and hold the FATHER equally responsible for FATHERING, and providing for their offspring. Three strikes (unsupported children) and yer out - quick snip!
I'm guessing once males have to take into consideration the consequences of refusing to wear condoms, etc. - there will be fewer children on "taxpayer" benefits.
nah...given the sterilization rates by race, you'll end up having the NAACP crawling up your ass. Your proposal has the same obstacles as mine has, people like mosely-claven.
not exactly clear on your "sterilization rates by race" statement, but I am not referencing "race" at all here, merely sexed (male/female) humans, and their deteriorating sense of response-ability overall, including the fact that having sex needs to include the notion of fertility - and either adjust the act with that in mind, or avoid it.
my point is that currently all the "blame" for having children is disproportionately skewed towards the female, rarely is the meme inclusive of the sperm-donor(s), and the system that was created to "assist" has actually fostered single-parent "families" by denying assistance when two parents live in the "home" - of course this is exploited, it would be "human nature" again, right? like the gov't. & banking class, etc. - always with the damn handouts.
No shit.
You know what I say? Stop support and you'll see lack of responsibility change. And if there isn't responsibility they'll pay the natural concequences of it.
Yes, I do stand in your way. I'll fucking kill you if you try to implement this genocide upon the human race. Not that I'll need to. I'm sure the first time you try to sterilize some homeboy you'll have you face beaten into the back of your skull.
Who the fuck are you talking about?
Yea Trav just like there are no bagholders from yesterdays 1st of the month 'BTFD equities guaranteed to close green' all-in long day. On record hi margin BTW.
after summer , comes the fall and the winter. we go into correction and we are told this and that. then a year later, many look and say, wow, i wish i had bought it then. it never ends......
a lot of people use average moving averages across years to determine someting like that. Silver hit it's all time high, or played with it not too long ago. I think $30 is where a lot of people see it bottoming out at.
That's kind of like saying Jesus loves you, though. Who the fuck knows after all's said and done, they could probably batter that bitch down to $14-$20 w/ economic "slowdown" and a bunch of other news. I bet they're setting up to create a massive sell off.
Just hang on for the ride. You gotta gain momentum on the way down to ride that bitch all the way to the top.
Geez, Trav I hope I'm a bagholder on PM's because it's insurance and it will mean all is well in the economy.
i love bags. bags are cool...
I have a feeling that ultimately $20 is the goal for TPTB. Whether they get there or not is a different story. Just buy what you can and when you are relatively confident of a dip. Severely limit your leverage and exposure.
I'm predicting a new Ben term: "inflationary headroom"
As suggested by a certain ex-IMF big wig?
Hadn't seen/heard it - wasn't trying to crib someone's spin...
Gold/Silver at 30 seems like a distant memory. We are at 42.6 and rising.
I'm not fussed about the spot price.... I'm interested to see how this affects physical prices and margin prices...
My "Formula" remains 100% correct.
Dow 10,000 = Gold $950
Gold $1,650 = Dow 15,000
Unfortunately, you've got J.R. Hildebrand driving your formula...
Really hows your formula doing on your HD, VZ, and banking stocks?
Your so full of it, you used to be good, had real good analysis, now it seems you do this to rile people. just 2 days ago you said we wouldn't see 1300 on SP rest of year and here we are 2 days later.
Go fuck yourself.
++++
He's a troll and that's what trolls do, wind up people.
And yes, he can go fuck himself.
how can your formula be 100% correct when it hasn't happened ...
You still managing to pay bills for an internet connection at home or are you down the municipal library hogging the only desktop? This week must have torched your portfolio.
Now let Granny have the computer, she needs to check her 401k.
Your "Formula" and you remain 100% full of shit.
The Fed corrupt, much?
A toss up between the Mafia, the Fed and the CFTC as which is the most corrupt group in the US. But I err in thinking they are seperate entities.
I mean it is so blatant, they no longer bother to hide their deep corruption of all markets, just come out when they feel like and masturbate on national television and make out it never happened.
Need S&P close to 900, and crude under $80 (preferable under $75) for bernanke to greenlight QE3
The issue that deserves more attention is what will he buy in this chapter of QE.
Where is the David Tepper voiceboard?
what? animal spirits unleashed?
SPY and CL, of course...
Well the ultimate good news for this is the deflation you will see shortly should translate into huge runups in share prices for the PM producers since their input costs just collapsed and they now are the most profitable businesses around.
Watch the next 3 months.
Homestake Mining 1935 (2.0) in da house
Let them take it down. Buy the dip. The bounce will be a thing of beauty.
Price schlepping.
Only paper silver being sold.
I have another purchase of physical silver lined up for Monday.
The physical silver buyers are legion and we have $35.60/oz right now so that makes for an extra 1 oz when buying 9 oz today as opposed to last week.
The CRIMEX is giving us the rope by which we will hang them.
HaHaHaHaHa
No - actually they are giving you rope to hang yourself.
Nahnaaah! You're dumb! Der-di-der-di-derrr!
So buy the miners but avoid physical?
You are completely full of shit.
I think this is the ultimate end. If they don't start a major war before the whole show turns to shit then they know they will all be dragged onto the streets for public executions.
The Banksters, Fed and CFTC and others should remember the name Robespierre . There are cells with chalk marks on them and enraged crowds waiting without for the payment in blood of the criminals that destroyed the US.
The alternative is a US slave society.
Everyone just crunching numbers and economy gazing? Or is anyone factoring in the WW3 thats kicking off right under everyones noses?
Man it really looks like everything is gonna take a dump just like 08
I bought silver at $14 and sold at an average price of $40 so I can't complain
I will not sell my gold tho, I will ride that out since I could not sleep well at night without any, and you never know maybe Mr Market actually learned a lesson from the last downturn and may actually buy gold in another recession. Fact is no one knows what will happen here. I hope to pick up more gold around $1,200 and if silver gets to $25 I would buy it again.
Oh christ are you gonna get junked. Whaddamean they don't know shit? Put em up!!!
Boring. this reflation story is about 10-years old and leaves out some not-very-pretty things. Though historically accurate (ccyles and all), its time for a new drug...
Gold and Silver vs a 10 year less than 3% bond.......the bond is winning....its the new Charlie Sheen type of investing....strange very strange...
Methinks it is a hammer down to buy before the NATO forces launch their ground operations in Libya and before the next upcoming event which will push up all. Watch the call options 3- crude, gold and silver.
Obama Administration Has Contracted JPM to Knock Oil Down
Oil is going down. Obama has ordered a hit job on oil.
Also, Bernanke has given OK to JPM in London (Fed proxy for market interventions) to knock oil prices down (maybe Americans will finally see some long overdue relieve now from this $4+ at the pump insanity)
Cant do anything much about end prices, theyll remain high. The house of cards building competition farce in a hurricane can only go on for so long.
You will see oil at $50 and $1.99 gas at the pump within six months (this is from a reliable government source).
what are they gonna do, drain the SPR?
I bet you said that in 2008 too, just before you lost EVERYTHING, and became an embittered old loser who does nothing but blame blacks and jews for his problems.
do you wake up with the goal of falling flat on your face again?
2008 was the year I scored huge. My first short was WM in 2007. I moved onto CFC, CTX, RYL, WB, LEH, MS, AIG, and so forth. PNC, shit...you name it.
Huge year.
It must suck to be wrong all the time...please, tell me what it's like? I have no frame of reference for what that must be like.
Uh-huh. Where's the proof? You are a fucking peak oiler. You were long oil and oil related equities, and lost 90% of your investment. I don't give a FUCK what you did with the banks. The thesis you keep harping on lost 90% of the money you had in it. But you swear "this time will be different". That is your excuse for fucking everything.
oil peaked...so therefore I am right. Thanks for that.
Who the fuck said I was long oil in 2008? I sold off my COSWF for a big ass gain and started buying back in in the mid teens.
The delusions you misrepresent as fact, man....get help. Now.
HAHAHAHA! THe delusional rantings of a madman! He really believed in it, so he sold all his oil equities!
Get the fuck out of here.
The terms "reliable" and "government" are mutually exclusive.
Not in the context of "making bad decisions", or "theft", amongst many other negative qualities.
So we're finally converting to the litres system? 'bout time we start really looking like Europe.
Note to self: add "reliable government source" to list of contradiction in terms
You will see oil at $50 and $1.99 gas at the pump within six months (this is from a reliable government source).
If WTI is at or near $100 in September, 2012 Bam is toast and we will have a new President. All the progressive dreams of nirvana will need to be delayed for another generation.
While I have little inside knowledge, it would seem a deal has been struck between the interested parties. The Saudis get serious US political pressure on Israel (and maybe much more), Bennie gets to again test his Doctoral thesis about helicopters and Bam gets re-elected.
This is a tall order. If it all happens, then these guys are magicians. And we are all so very screwed.
sschu
Is the new gold standard returning sooner than I thought, or is that price in litres as another fellow above suggested? Who the hell thinks oil will drop to $50 a barrel with the massive devaluing of $ and oil being, for the most part, traded in $?
Price controls fail, even for Uncle Gorilla.
No country on earth is so strong that it can avoid the laws of the market, or the laws of physics.
The hit job on commodities will simply give smart people a sale price to buy in at. They'll be making tons of money on every telegraphed price manipulation move, and sell at a higher point. Free government money you gotta love it.
The insanity you mention is the beginning of scarcity. Good luck legislating scarcity away (you can get the illusion of this by printing more money, which we've been doing, but this has its own limitations).
Good luck with MOPE, it fails too!
It's time the market realised that the only worthless commodity that should be sold is currency notes.
Every day worth less than the earlier day and soon all value to vanish. Unlike Gold & Silver which have held value throughout history.
funny how commodity prices are falling and QE2 hasnt actually finished yet. apparently commodity prices are NOT correlated to QE at all?
This is not an inflationist outlook.
A brute decline or capitulation in the $U.S., along with a decline in commodities, is what I would call deflation.
Other things to look for are: a Japanese Yen meltup, and a negative discount rate.
The end phase of QE2 is happening, but only in an attempt to keep short term rates above zero, which is failing.
stockcharts.com $IRX
http://ow.ly/58CSA
Should rates go below zero in the U.S., this will have a direct impact on the gold price in all currencies.
You all forgot one thing, The elites and insiders are out of everything, you are the only ones in.
YES! 'In' with their bubble ETF 401K's stuffed full of 100+ P/E's which will soon be seized...THATS the real target....'QE3' is the $4 trillion channel stuffed into the 401K's, the 'free money QE3' nonsense is the DIVERSION.
The Treasury Is Soliciting Your Feedback Regarding The Proposed Annuitization Of 401(k) | zero hedge
It is one thing to try to steal my inheritance from me, my children and my grandchildren. It is another thing to want me and my family dead and/or try to kill us. That is where I draw the line.
As you know, most annuities pay out while one is living and cease to pay when one is deceased thereby leaving nothing for beneficiaries to inherit.
The new thing that I am surprised to read about in my local paper instead of on zero hedge is the new pension risk derivative trade. Apparently for the receipt of assets, if pensioner's live too long the banks will insure the pensions. And since no one seems to want to take the opposite side of the trade, the banks are left holding the other side, making money if people die early and also taking assets if people live longer. What a win/win for them. Hooray for the banks.
http://www.bloomberg.com/news/2011-05-16/death-derivatives-emerge-from-p...
"Goldman Sachs Group Inc. (GS), Deutsche Bank AG (DBK) and JPMorgan Chase & Co. (JPM), which bundled and sold billions of dollars of mortgage loans, now want to help investors bet on people’s deaths."
If it wasnt for the fact that FEMA coffins are being stockpiled in the midwest and Atlanta, and that the Georgia Guidestones among other supposedly philanthropist groups clearly state a desire for world depopulation, or if the bankers running the banks had even one shred of conscience left, this would not bother me so much. however, due to all these facts, I find this news disturbing.
In light of this I find the comments made on this blog regarding eugenics extremely offensive.
I'm expecting margin hikes any minute now.
I'm expecting more posts about consumer names and banking stocks from you. Where are they?
Robotomy used to post pics ofhot chicks. That was Robotomy's one legit contribution to this forum.
vz at low of day: check
hd at low of day: check
mo at low of day: check
the unemployed, part time contract 1099 processor's etrade account at low of day: check
Go check out your IM from Anthony Weiner to keep yourself busy while you're waiting.
“It is becoming more and more obvious that the Fed operates for the benefit of a few privileged banks, banks that never suffer for bad decisions they make.” In fact, it's quite the opposite, says Congressman Ron Paul. “As we have seen since October 2008, under our current monetary system politically-connected banks are paid to make bad decisions.”
It’s time to wake up and smell the economic reality.
Those in power, says Paul, “always imagine our dollar will have value no matter how many we print. This expectation is foolish and naïve. I guarantee that those buying our debt are not foolish and naïve enough to go along with this charade forever.”
Paul is your typical US citizen, trying to bamboozle people with cheap propaganda.
The USD will have value no matter how many the US prints as long as:
-the US keeps its commodities based extortion business going, societies around the world will have to buy USD to get their ticket to the commodities market
-there are still commodities left to be sold.
The break point is in 2. The USD value will be seriously endangered when commodities run short.
Perhaps you’ve read in the newspapers that the economic leverage once enjoyed by the US has weakened considerably. Now, this debtor superpower is diverting its once powerful economic engine offshore and two little commodities, for example, are caught in the sandstorm of the Arab Spring…petroleum and food. Our puppets are falling and with them our influence on oil contracts.
As never before, Americans see the home we’ve provided for the corrupted investment bankers as a dangerous cancer in our economic system. Just now the House leadership has postponed a vote to get the US out of the Libya War because they are afraid it would pass.
Milton Friedman: “The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.”
Good time for a country or two to dump USD and buy up gold and silver. Oh and take delivery, no USD premium payments this time. We are being primed for either QE3 and the USD destruction or major conflict. Either way gold and silver and not USD.
Why bother with putting the money to cover only the margin for a futures contract, just put the balance in and stand for delivery and this nonsense will end.
NATGAS has been surging as of late. I guess the hucksters needed to kite something.
Fukushima trade.
Cliff Claven, er Trav7777, how did you obtain all your expertise about biology, nuclear fission, physics, and silver markets since in the past you stated you worked for Comcast? Also I recall you saying something a year or so ago about having $200K in physical silver, or was that Trav777 with the same avatar?
Just asking?
lolwut? He works at Comcast?
What a dickbrain.
Over a year ago there used to be a Trav777, only three sevens, with the same avatar. I recall that Trav was a little more civil.
This trav used to be more civil too. Then his ass got humiliated on several different topics, and now he's a bitter little shit (who works at COMCAST, lol).
Funny, he claimed to be an engineer before, now I understand that he is the most bitter type, an electrical engineer, working for a telecommunications company, extremely underpaid due to the glut of workers in the industry. Probably drowning in student debt too.
lol
If he works at comcast that means he likely has access to lots and lots of television shows and documentaries on such topics.
Thats how the masses have become so well informed about the science (faith) of global climate change.
tmosely-
You are so fucking stupid it befuddles me. Your comments are so lacking in depth and obsurd, it hinders my ability to think clearly.
No, I think that's your brain doing that.
I've seen others in the past ask Trav7777 similar questions about his relation to Trav777 and he never responds.
We comment on the same blog.
That's about the extent of our "relations"
zing!
I don't mind reading Travs posts, it is just amazing how much expertise he has in such a diverse amount of subjects. It is rare that you find someone that can hold conversations with such confidence about economics, physics, the money supply, geography, etc, etc.
I almost forgot, Harvard Grad, Contractor and Trader.
you have me confused with mosely, obviously.
The shit I say comes true.
Where did I get expertise in those all of FOUR topics? Shit, man, read Science or something. WTF, you act like it's hard.
I never claimed $200k in physical silver. I did a stint at Comcast as a consultant...not there anymore. Shitty company.
Whew. I am glad to see you don't have any silver. How about gold?
Also, it's still funny that you hate knowledge so much that you insult those who seek it, and those who use it, while at the same time claiming to know everything about every subject you touch. I have NEVER seen you admit that you didn't know something. That is the mark of a true fool.
Now why don't you go castrate some gibbons, and leave the adults be, eh?
The reason you never see me having to admit I don't know something, Cliff, is that when I don't, I AM NOT SPEAKING ON THE TOPIC.
Unlike you...you just wade the fuck right in and show yourself to be a fool. I keep my mouth shut and I listen and learn.
As for whatever gold or silver I own, that's none of your fucking business and you wouldn't believe me if I told you to the nearest 10th of an oz
So assuming that this is true, that would mean you're very well versed in the "facts" of the IQ test? So much so that you adovcate that the IQ test should be the determining factor in mass murder? You've taken such a definitive stance on this, that regardless of whatever else you post, you must be clairvoyant or a liar. Clairvoyant because you know something more than any scientist is willing to state (that IQ means what you think it means), or a liar because you claim you keep your mouth shut when you don't know.
While I think somebody shouldn't necessarily keep their mouth shut when they don't "know" what they're talking about as it stifles debate, I think less definitives might show a better appreciation for "the truth" and one's own knowledge.
Yeah, but you don't ask questions either.
The mark of the permanently impoverished.
Fuck you, sell your gold and silver. I think it's going up, and I'm always wrong, right? Instead, since I think paper is going down, so you know what to do.
Titanic tells Olympic, "We are putting passengers off in small boats." "Women and Children in boats, can not last much longer"
As the economic numbers get worse, it seems to me the Fed governors are going to have a hard time making the rationale for more printing. The unemployment problem indicates the economy isn’t moving. I’ve noticed even the financial media has stopped using the tag line that “unemployment is a lagging indicator.” It’s because the unemployment is just too predominant to dismiss.
Fair minded people don’t believe any longer in Geithner’s or the Fed’s massive amounts of ineffective stimuli – not only didn’t they get this economy running over the short run; their stimuli are making it worse.
People don’t buy that the stock market is the economy; the empty windows in the vacancies along Main Street are too glaring.
The economy is moving. Somehow, it is possible (while unlikely) that some US citizens have truly fallen to their own propaganda, that a healthy capitalist/socialist economy will translate in large jobs opportunities.
The economy is booming. That is simply that a booming economy is not associated with job creations.
Can you not install an easily recognizable avatar before your monicker? Something like a jackass, a garden tool, a bald tire or something like that? It would make it a hell of a lot easier to skip the garbage you keep posting on here, instead of reading it and then back tracking while mumbling "who's the fucking idiot who posted that?".
Is Trav7777 and Robot Trader related?
Last time around I thought that the PM's held up nicely relative to the rest of the complex-- maybe it's because Comex needs PM's to go down as well?
Must admit holding confetti now is the right move, so far. Tough to short but took a couple small here.
The Fed said no to QE3, which means we will see it.
I am just thankfull for these dips in the silver price.
Nice buying opportunities.
Texas, glad you found you meds over the weekend and you apologized for previous comments.
lol
Edit: Sorry Ginslinger, I thought you were Texas Gunslinger. Gunslinger found his meds last weekend.
Is that you RoboMom?
We now have a Gun Slinger and a Gin Slinger.
The similar names thing is really messing me up...
Messing you up is their purpose, it's just a psyop. Gun/Gin, Harry/Hamy, 777/7777...they are the same person, just switching personalities. It's done just to stir shit up, confuse, and occasionally catch posters off-guard.
Sorry forgot the /sarc. Yes I'm familiar with the sock puppet brigade.
riiiiight...maybe wanna look at trav777's posting history.
It stopped when 7777 came around.
I'll clue you in as to the SECRET why this happened- I forgot the fucking password for 777.
Moron
"I forgot the fucking password for 777"
I'm sorry, please clarify, who exactly is the moron again? (unless, of course, you were referring to yourself)
Don't forget Trav, your anger management group therapy is at 7pm tonight.
Doh!