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Only one commodity matters, and here's the first admission from any official economic org.
"WASHINGTON, April 7 (Reuters) - The International Monetary Fund on Thursday warned that the global economy was entering a period of scarcer oil that could drive prices up rapidly. In new analysis by the Washington-based global financial institution, the IMF said market tensions were increasing between growing demand for oil from fast-growing emerging market economies, like China, and production constraints due to maturing oil fields."
They need to kick the can down the road. Forget balanced budgets. They will never happen. We need more QE, or the consequences will be so bad you will not like to be around. Just keep printing money and see what happens.
As long as Ben is on the gas pedal, so should we. Pm's till he lets go.
Oil is being depleted that's not debatable. What's debatable is the horizon. 5,10,30?
Still too close for comfort. Act accordingly even if you are not sure.
BTW: Gold will be the only medium of exchange if you need any scarce commodities.
'Most commodities remain overvalued..Gold optimisim remains high"
What time is it?
Gold bull circle jerk time.
Actually it's PEANUT BUTTER JELLY TIME!
Does the link describe methods of masturbation using hoofs?
Blah blah blah
Buy silver before it breaks 40. I was waiting for a dip that didn't materialize. Now it looks like 44-45 before the end of the month.
Somewhere a used mattress dealer is missing his sidewalk barker
Yeah turd, i remember Silverfuturist referencing your blog. I checked it out, looked real good and i was considering buying some puts on SLV. But did not, couple days later, bought more coins. I'm glad i did.
I was also expecting a dip that has "not yet occured", but I am confident in my current physical position, just looking to add. Like many I'll probably by at whatever and keep some powder dry for any dip that does occur. I'm sure that for many of us, a 50% correction would be a massive BTFD!
Here's my simpleton analysis:
1) IWM and EEM are leading
2) Financials refuse to crack
3) Market continues to buck off catastrophes
4) U.S. Dollar still tanking, no flight to safety bids
5) Gold and oil continue to grind higher
6) Most spectacular parabolic stock charts are in the consumer discretionary sector
There isn't anything really bearish that I can see just yet.
Robo, I have difficulty making sense of your posts when they don't include half-naked women.
Sounds like you half back. Where the hell are the full size pics. We need the stimulus. Sort of like QE3. Feed us.
Al the cash that does not flow to the foreclosed home mortgages finds its way to Bed Bath and Beyond and elsewhere.
When we hit the wall, 666 will be a blessing. Think 333
silver about to rip right through $50 spot. That means $55-60 for physical!
It means nothing of the kind.
but, but , but , silver is a industrial metal......
Late-night escape in last 2 hours: WTI 110.91, Au 1463.90, Ag 39.83
Is there an assumption in here that those who bought commodities would flee to a different store of value?
" fast-growing emerging market economies"
Nothing is growing except the debt and the feds balance sheet.
50% drawdown, no problem, real men never abandon the ship.
ag $39.96 @ 20:40 PST...guess they're liking the white metal in Mumbai.
Some thorough work. I just had a deja vu moment and thought I was back at the old ZH where serious work was welcomed.
Shame you Turd for your blah, blah, blah comment. I'm a silver/gold lover as well but the sun will still come up if it corrects. If it does, there will be reasons, and that's where the article is helpful.
f*n paper traders...
It doesn't matter how far down the horizon it's going to be gone, from here on out the prices are not going to fall, and we need to create a new infrastructure. Let's legalize industrial hemp for one thing, and get some massively produced and efficient solar cars in the works.
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