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Gold, Silver And Oil As Market Yet To Price In Armageddon
Judging by the incomprehensible action in both WTI and gold, both of which are surging, it appears the stock market may not have priced in the full impact of Bernanke's Put on the Armageddon. And after all, what disaster, man made or otherwise, can not be circumvented through the printing of a few [...]illion in new linen-cotton forms of monetary exchange.
Gold
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Perhaps because Bernanke and Company never wanted the market to price in reality. Or at least not price in anything other than the reality dictated by Bernanke and Company.
But since you can fool most of the people most of the time...well, here we are.
Or as Mark Twain put it "Ain't we got all the fools in town on our side? And ain't that a big enough majority in any town?"
Of course they don't want to price in reality. Doing so would result in them all being taken down to reality- they'd actually have to to REAL work (get real jobs) in order to live!
Silver is heading up too
$36.94 right now.....
It seems the JPMorgue knew the silver price was going to take off, because they just received fasttrack approval to gain a vault license for storing and taking delivery of gold/silver/platinum/palladium from NYMEX/COMEX.
Does this mean they'll be able to "make and take delivery" of their own silver shorts?
http://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-d...
Nothing to see here...move along...ignore that fish smell...
I suspect they may want to take delivery of yours.
It'll be interesting to see the terms of storage and any potential obstructions to getting your silver back...
basically:
4 And another, a red horse, went out; and to him who sat on it, it was granted to take peace from the earth, and that men should slay one another; and a great sword was given to him.
5 And when He broke the third seal, I heard the third living creature saying, "Come." And I looked, and behold, a black horse; and he who sat on it had a pair of scales in his hand.
6 And I heard as it were a voice in the center of the four living creatures saying, "A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine."
7 And when He broke the fourth seal, I heard the voice of the fourth living creature saying, "Come."
8 And I looked, and behold, an ashen horse; and he who sat on it had the name Death; and Hades was following with him. And authority was given to them over a fourth of the earth, to kill with sword and with famine and with pestilence and by the wild beasts of the earth.
9 And when He broke the fifth seal, I saw underneath the altar the souls of those who had been slain because of the word of God, and because of the testimony which they had maintained;
10 and they cried out with a loud voice, saying, "How long, O Lord, holy and true, wilt Thou refrain from judging and avenging our blood on those who dwell on the earth?"
11 And there was given to each of them a white robe; and they were told that they should rest for a little while longer, until the number of their fellow servants and their brethren who were to be killed even as they had been, should be completed also.
12 And I looked when He broke the sixth seal, and there was a great earthquake; and the sun became black as sackcloth made of hair, and the whole moon became like blood;
13 and the stars of the sky fell to the earth, as a fig tree casts its unripe figs when shaken by a great wind.
14 And the sky was split apart like a scroll when it is rolled up; and every mountain and island were moved out of their places.
15 And the kings of the earth and the great men and the commanders and the rich and the strong and every slave and free man, hid themselves in the caves and among the rocks of the mountains;
16 and they said to the mountains and to the rocks, "Fall on us and hide us from the presence of Him who sits on the throne, and from the wrath of the Lamb;
17 for the great day of their wrath has come; and who is able to stand?"
"...do not harm the oil and the wine." good plan
The worst part of armageddon will be listening to all the crazy christians
I like the one where Jesus goes into the temple and flips the table over with the money on it. Pisses off the money changers.
It is the only time he ever totally loses his cool. I wonder why?
CD,
The reason why is the tables were in the Outer Court, the Gentile section.(Gentile first, Jewish womens section next, then Jewish men, then the Holy of Holies.
People had to travel from all over to make their sacrifices , and those that could not bring an animal, had to buy one at the Temple, and they were charging the people 10-20x's the going rate for a sheep, or a pigeon, or whatever animal one could afford.
They were Usurers.
And they were thieves doing their evil deeds in GODS house.
This the reason for Jesus wrath, and anger.
That's all true, but wrt the "moneychangers", I've heard also that any monetary offerings had to be made in the local currency as the temple would not accept Roman coins. The currencies were exchanged by the moneychangers at a similarly outrageous premium to the actual PM content of the coins.
True, I was giving the short version.
just like APMEX?
I was asking a rhetorical question, but thanks for the bible lesson anyway. :>)
The story relates how Jesus sat down and braided up that whip right before he used it on those money changers.
I don't think He "lost" it...it was totally premeditated. He understood exactly who He was dealing with.
Check out John 2:15 :)
Wonder if Juses would throw a big spanner into Ben Bernank's printing press if he's around today?
I wonder if Jesus would advocate for a cruel, survival-of-the-fittest, anarcho-capitalist, purist libertarian society?
Or if he'd be compassionate with the weak, poor and down-trodden, and treat his neighbor as himself? Could Jesus be a socialist?
It's such a wonderful bit of irony and hypocrisy when a purist libertarian claims to be a Christian, as well.
Anarchism isn't about survival of the fittest, it is about survival of the most cooperative. Governments of all types are about centralization of power.
Jesus, if such a man/God did exist, would want to maximize good for all men, which is exactly what the free market does.
I thought you were leaving? Why are you still here?
Your idealistic and utopian versions of anarchism may have worked well in a pre-lapsarian world, or in an Amish community, or on a Little House on the Prairie episode, but not in the modern, real world of endless greed and oppression.
You are a fool. Where, EXACTLY do you think the oppression comes from? They guys trying to sell you goods in exchange for money, or the governments who threaten with guns anyone who dares to defy their legislation?
Your "modern", "real" world is falling apart. Enjoy.
For you to think that governments are the source of oppression is proof that your brain has been drenched in libertarian Kool-Aid.
Blaming government for the oppression of people is a bit like blaming the bullet for killing someone. It's people who oppress people. If you take away government or the Fed, plutocratic greed and self-interest don't vanish with it. Our government is merely the most convenient and efficient manner for our plutocrats to ensure their power while sedating the masses with the illusion of representation. At least you have some voice and some opportunity to be heard. If you take away our government or our Fed, the den of thieves will operate with even more power. Then, eventually, they'll create another form of centralized power that keeps everyone perfectly sedated and the hamster wheel spinning.
The realistic end-game to libertarian ideology is the exact form of government we have today, which is why I find libertarianism so funny and wonderfully ironic. While libertarians rant so passionately against our government, they are unwittingly preaching an ideology that would create exactly what we have today. *LOL*
Yes, people oppress people. But they do so by getting a monopoly on violence for themselves. We call this monopoly on violence a government.
Get rid of the monopoly, and you get rid of the primary tool of oppression.
Look, you don't know what you are talking about. You just do a bunch of mental contortions to try to prove that libertarianism is something it isn't. Get the fuck out. You aren't wanted.
The only reason you find my posts to be "mental contortions" is because your libertarian mind can't flex, bend or absorb anything outside your one-dimensional echo chamber. Your brain has been soaked in libertarian Kool-Aid, put out to dry, then fossilized to stone.
I'm just being logical, and your struggle with that is very fitting.
The depth of your arrogant ignorance is positively breathtaking.
....is positively breathtaking.
Breathing seems to be the least of your concerns. Your personal x-ray that you used as an avatar looks really fucked up. You may want to see an orthopedic surgeon.
You aren't funny. Go away.
You're an idiot, and completely incapable of independent thought.
No, your argument is that we shouldn't pursue freedom because once we get freedom, we will just get oppressed again.
You must live in a pigpen, since you can't be bothered to clean up, since it will just get dirty again.
Seriously, you are unwanted. Go troll some Republican forums. You'll get more lulz there.
Sorry... this is ignorance talking here... clearly you've got NO understanding of what anarchism really is.
Anarchism isn't a libertarian innovation: they did, however, "borrow" it.
THE primary tenet is that power should NOT be concentrated. Very few people would stand up and proclaim that power doesn't corrupt, in which case the logic of limiting power is easy enough to follow. The founders of the US Constitution clearly warned of these troubles.
I tend to side with libertarians because they are the only ones that come close to getting things right: I think there are big holes, but there's enough there that makes sense, a LOT more than other party-type political offerings.
Jesus is brought into this discussion, which I kind of appreciate, as he* pretty much approximated an anarchist, challenging power everywhere.
* I'm not convinced such a person existed, but this doesn't matter so much as the guidelines that were made available through the stories of this character's life.
I differ with the libertarians in that I don't believe that the private sector can be any more pious than the public one, that, given the opportunity by men, there would end up being consolidated, oppressive powers (this is kind of what you're stating). I disagree, therefore, with both sides of the coin here. I side with libertarians in the way that Evangelical Christians "side" with Jews- means to an end... I put more faith in the power of individuals than institutions. And, lastly, who does nature operate? I'd argue that it, too, more closely approximates anarchism than anything else: the saying "diversity is the spice of life" is a phrase worth remembering (govts tend to homogenize, as do big corporations).
I differ with the libertarians in that I don't believe that the private sector can be any more pious than the public one, that, given the opportunity by men, there would end up being consolidated, oppressive powers (this is kind of what you're stating).....
That's not kind of what I'm stating.
That's exactly what I'm stating.
I understand exactly what anarchism is, and I've said repeatedly in various threads that it's impossible given the nature of man. Perhaps before the Garden of Eden fiasco or in Amish communities, anarchism would work - but not in the real world given the nature of mankind.
Our government is the only buffer between total tyrannical oppression by the plutocrats and the utterly lopsided society that we have today. If someone wants a precedent of what society would look like without a centralized government, try pursuing the freedom and liberty that Somalia has to offer.
Wow ---- not only are you PROFOUNDLY ignorant, but utterly in denial or every aspect of reality around you.
Government is institutionalized force, nothing more and nothing less.
I would prefer to live in a society which is constructed around voluntary interactions, i.e., the free market, rather than based on mass conformity and coercion.
Another free market, laissez faire, de-regulation idealist.
You (and 99% of the population) would be nothing but a bloody stump of meat in a shark tank.
Why don't you go fellate a Mafia don if you love institutionalized force so much?
How do you figure?
The problem with all political philosophy is how the system deals with the 5% of the population that are socio-paths.
If anyone does not grasp the above statement, you should just STFU about any political discussion....
Arrogance much?
And just how does the current political status-quo deal with the sociopaths? I will tell you how --- by rewarding them in direct measure to their sociopathy. And it is able to reward them precisely because of the power that our governments have confiscated from the individual and concentrated within their own hands. Without the power of the State, potential mass sociopaths would be nothing more than strange neighbors who torture small animals, instead of torturing society at large.
This is why sociopaths and ponerists of all stripes tend to concentrate within government as opposed to the business world --- because that is where most of the true power is.
It's not arrogance when you are right :)
We can continue this later...gotta run
Your hate has made you powerful
LOL...
The Dark Side does have it's uses, but overall there must be a balance...
Somalia has lots of freedom, wtf are you talking about? there's no law there other than what people organize.
As for the rest of this shit, we were more advanced in the USA than Somalia is now, long before we had this leviathan government.
These "anarchists," are, however, idiots.
Yes. That's my point, and it's a relentlessly chaotic society.
Lots of purdy words.... yet you fail to explain how the maximum degree of individual liberty must ultimately result in slavery. Bueller... Bueller..
Your argument lacks basic logic. Given any group of free individuals who voluntarily cooperate with each other and trade, oppression becomes impossible. If a restaurant decides that they will only serve boiled chicken breasts and asparagus tips because it is good for you, you have the option, as a free individual, to choose a different restaurant. If this is the only restaurant in town, a free individual will seize the opportunity and open a new restaurant creating competition and eventually bankrupting the offending restaurant (or forcing it to return to cooking food the customers truly want).
Once you insert the brute force of government, you get the fat free restaurant donating election funds to the politician and the bought politician passing laws (with the threat of violence for failure to comply) that either force you to eat at the fat free restaurant restaurant, making it impossible to a new restaurant to open, or forcing all restaurants into the same fare. The free market system is a meritocracy. Government, by definition is tyranny.
Thou shalt not engage in fractional reserve goldsmithing....
Your knowledge of this subject is apparent.
18Let no man deceive himself. If any man among you seemeth to be wise in this world, let him become a fool, that he may be wise.
Forgot to add this...
Jesus advocated Capitalism.
Treating your neighbor as yourself, meant simply Do unto others, as you would have done unto you.(real simple).
Yeah. And whoever works on the Sabbath or whoever disobeys priests' orders should be put to death.
Did it occur to you that the world - specifically capitalism - has changed in 2000 years?
Or is this another example of libertarians living in the past, and their "time machine" politics?
This thread is great for you. A whole theater full of straw men for you to beat down. Conflating one set of people with another with another, and throw in a bit of questionable history to boot.
Seriously, get out.
Mark, I guess you have not been around long enough to know that tmosley is one of our best authorities on a variety of scientific and historical topics. I cannot think of one time when he has been wrong on a FACT.
He is also one our best trollbusters.
I cannot believe you think Socialism and big .gov trumps Capitalism. Unless of course you really are that (v^^) !
holy cow.
*LOL*
That's so hilarious, I nearly fell off my chair and hyperventilated. In the future, before you post such laughable nonsense, please give me fair warning so I can grab a brown paper sack and my Albuterol.
No content, just empty words.
You must work for the government.
Come to think of it, your idiocy and writing style remind me of Red Neck Republicant. Did we get a new avatar and name after having lost all credibility on ZH?
Actually, Mark reads like the bastard offspring of RedNeckRepugnicant and JohnnyBravo.
Just another malicious and purposely disruptive troll with nothing to add to the conversation except hate, disinformation and lies.
Here's what you remind me of:
If Rand Paul fucked Ayn Rand in the ass, you'd fall out of her rectum nine months later. Actually, I'm not sure of the gestation period for lemmings, so excuse my possible error there.
And I rest my case.
Thank you, Mark, for not only tying the noose, but for slipping it over your head as well.
Now, don't you have a photo of Mao or Stalin you were going to jerk off to? "Power flows from the barrel of a gun", as one of your heros was so fond of saying. I am guessing that yours, though, is of a rather small caliber.
Fuckheads like this paint the Contras in a warm & fuzzy historical light, no?
wtf...tmosely is an idiot
Is tough love not also compassion? Jeebus was saving people that were oppressed not leeches feeding off a system that promotes others feeding off someone else's work.
Give a man a fish he will eat for a day; teach a man to fish...
Give a man a match and he can keep himself warm for a day. Set him on fire and he'll stay warm for the rest of his life...
Welcome back, eat shit and die.
The prince of peace would undoubtedly be a socialist. What could be more christian then putting a gun to your neighbor's head and asserting ownership of his labor? "Need" and social justice, the definition of both being collectively decided would surely be as infintely just as the prince himself.
You better come heavy Marcy.
That better have been Marcy Mc that junked me.
He's reputedly "around"; so what's it mean that a spanner has not been thrown yet?
IMO a quake, tsunami and melt down must count as a sort of spanner?
It's evidence that he's not "around"; there's a great deal of similar evidence.
no wynn, that won't be the worst part for you
have a nice day
A wise man once said, "judge not lest ye be judged". You have the opportunity to be a wise man yourself, but it will cost you everything you believe yourself to be.
Finish it out.
For in the manner you Judge, so shall ye be Judged.
It's ok to Judge, just make sure your motives are pure, and your judment will stand before HIS criteria.
naaaa, the best part is when they all fly away.
Christians will not be around then, you'll be left to deal with the one wolrd governing Anti-Christ and you WILL take the mark to buy and sell. Read your Bible!
Depends on your view.
Pre/Mid/Post ,I am Pre.
That's real intelligent, as they likely will not be there, and two, you will be,listening to Christians will be your LEAST of worries.After Armageddon you may be spared and have a shot in the Millenial reign, and be saved.
If you listen to those crazy Christians.
yet below you attempt to quote the Bible as a standard for others to live up to?
perhaps you need to figure out what side you are on and stick to it to avoid the appearance of hypocrisy
by Wynnon Wed, 03/23/2011 - 11:13
#1090243
The worst part of armageddon will be listening to all the crazy christians
attempt to quote the bible? I didn't mean to turn this into a religious/theology debate. I made a comment about that particular episode with Jesus and the moneychangers. There are many who go around quoting the bible and not have the slightest clue as to what the bible represents nor have they actually done any research to find out exactly what it is they are reading, research any other forms of theology and/or ancient texts. I'll drop that subject, that's not for this blog.
As to what "side" I am on? Unfortunately this is one of the reasons we are in this fucked state of the world we are in. If people only did just a teeny tiny bit of research they would see just how intertwined religion, politics, education and money were. If you were to go back and read all of the posts I have made, you would quickly find out if I'm hypocritical or not and what "side" I am on. That's unfortunate you took offense to quote I posted.
thanks for the scripture Xibalba
thanks for lightening up on the captcha Tyler, I haven't had enough coffee yet
you're welcome.
The ashen hourse in verse 8...Monsanto?
Armageddon addahere.
Bitcoin, bitchez.
http://www.weusecoins.com/
http://news.slashdot.org/story/11/03/23/0210207/Google-Engineer-Releases...
I prefer my electrons in the form of Au79. They tend to have a greater inherent value that way.
Agreed...how does one make a transaction in bitcoin in Japan without electricity?
Economies run on oil. Gold is wealth preservation.
Price of gold and oil going up does not surprise me at all.
Thanks, The Bernank!
Am I mistaken, or is your comment the first one to address the topic of the article?
What's with all the hijacking for personal agendas? What's happening?
Let's just all just go to work and pay our taxes and all of this will just go away. Our children will be fine.
Crude
Ho hum.
http://www.zerohedge.com/forum/99er-charts-0
Isn't Brent Crude the true standard in oil pricing?
WTF with WTI
It lagged Brent and the regular contract going into the crisis until speculators noticed they could run it up too.
WTI is refined for use primarily in the US Midwest...which is awash in gasoline due to lack of demand.
It is pure theft...a transfer of wealth to the specs.
Many midwesterners have started to curtail their driving and discretionary spending.
It's a bit more complicated than that... The existing pipeline infrastructure favors delivery to Cushing, esp. Alberta Syncrude which the refiners love because of the spreads. It is difficult to arb out the Brent-WTI spread because of capacity constraints in rail etc.. My recollection is that turning WTI quality into Brent deliverable costs $7.50 in transportation costs...Any refiner capable of storing discounted WTI is only interested in exploiting the crack spreads using the relative cost of WTI to Brent..
Finished product prices reflect Brent pricing not WTI...
BTW, you are aware that Net Oil Exports in the World are down ~8-10% since 2005?
No silver at SLV. No deliveries on silver longs for the last three days. They must deliver 625,000 ounces a day for the rest of the month to meet their contracts.
Need to write bigger premium checks Blythe!
Who saw the gold standard discussion on cnbc yesterday with Lehrman? Quite interesting that it's hitting the MSM. Economic Fractalist is predicting a major market upheaval event between now and the end of next week. Wait for it...
I looked up the Economic Fractalist after your post. Interesting..If only I could understand what the hell he's talking about :/ However, it adds up to the whole '33' thing ORI refers to.
I replied to someone on the last post, but why are people (like Harvey) so trusting of the Comex to be truthful in their numbers? They break it down like it is absolute fact when we all agree the Comex is part of the manipulation.
Harvey does not believe the numbers...many times he says WTF
..."oil and gold and silver, oh my!"...
praise be the bernank's helicopter! may all prices go parabolic forever!
From Depression to Armegeddon in about 20 min. WOW.
You folks don't even know exactly why this happening. Your investment and you don't know why this is happening now. This blog drops little clues but no meat.
Hint: deep imperial geopolitics and the acts of a desperate elite.
Hint: deep imperial geopolitics and the acts of a desperate elite.
elucidate zaknick, don't leave us in suspense
unless you think it's a pearls to swine situation, in which case I don't blame you
There you go dropping little clues but no meat.
Yes, let's all take advice from the guy who can't put a coherent sentence together.
You drop little poops and beat your meat.
Who needs meat? The bubble is bursting! Human meat! Irradiated human meat!
You can't eat it, but it sure can use it to increase your net worth!
Up and up and up and up... Let's ride, turkeys!
you'd think the silver futures price would be jacking up based on this lack of delivery on 4.3MM oz for the March month. But nothing. WTF is going on? Are they going to default the crimex on April 1st as an april fools day joke on all silver longs? "force majeure! you're fucked! april fools!" I dont get it. Maybe they will just cover shorts or lift their asks on the last day of the month and let silver trade to $45 - $50 to induce enough selling to get their hands on physical to meet the delivery requirement. Hard to figure out. 4.3MM oz to deliver with 7 trading days left in the month
or should i say jack the price to $$60 - $70 and THEN offer additional premium on top of that to cash settle the march deliveries. which wouldnt work. the march long holders want the real stuff. if they dont get their real stuff i have a feeling a shitload of treasuries are going to hit the market somewhere. either way, SOMEbody is going to get fucked...
Backwardation is a bitch.
No problem. JPM will just 'Deliver' the silver to their own vaults as they are now entitled to do, and claim that everything is therefore fine.
Anyone wanting their metal will then most likely be faced with weeks/months of incomprehensible shipping delays due to the 'Teething problems' with getting the delivery processes bedded in from the new vault, giving The Morgue that much more time to scrounge physical metal from the markets.
http://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-d...
You forget that JPM has their own vault now...Shell Game Bitchez!
EDIT: Quintus beat me to it by sixty seconds.
Armageddon: Bernanke Calls
You have left out "the one Ring that binds them." That would be "Treasuries."
Don't fear the reckoning-- just have your affairs in order and be the best you can be.
long gold frankincense and myrrh.
http://www.amazon.com/Arabian-Frankincense-Ounces-Resin-Incense/dp/B001A...
http://www.amazon.com/1-Lb-Granular-Myrrh-IGMYRB/dp/B000VV063Y/ref=sr_1_2?s=beauty&ie=UTF8&qid=1300916115&sr=1-2
I want to think BB will pull what he thinks is a safety valve that will work very short term and drop everything.. stocks, gold, oil, dollar flare off into the sky. Then start shoveling as much gold and silver as god will let you for when the dollar finally rolls over and dies.
What a beautiful day for true money!
Check out the GATA commemorative coins minted in the Low Lands.
gata.org
If Gaddafi is paying his soldiers with gold, I'm sure even ordinary American soldiers will soon change sides and join the Col.'s army. Life is funny. What's it going to be ? funny money or true money?
The Romans fought for grains(Roman meal anyone) and salt
And after all, what disaster, man made or otherwise, can not be circumvented through the printing of a few [...]illion in new executive bankster bonuses.
fixed it.
Not to mention the Fed debt purchase that just occurred. Im sure we will be hearing about it any minute. 3..2..1...
Indeed, Frost and Sack do their bit to enrich Dimon, Blankfein, et al.
I feel good about dumping slv and gld last month and putting it all in cef. Was nervous, now it's up 6% in like 10 days. I feel good about adding to my nice pile of silver and gold maples. I feel good above having a lake near my house and having a water filter. There are farms nearby that process slaughter goats cows and hogs on site. I don't feel good for the plight of the less fortunate in what's creeping of the not too distant horizon.
Good play
We'll be eating each other soon.
Meanwhile - I'm going off to nap in the sun now.
Good you'll be lightly roasted...the way I like my Soylent Green.
Ben is now like the drunken magician at the kids birthday party trying to do the same lame trick over again while the kids boo and throw cake at him. Party on Ben, you friggin idiot!
I'm long sea weed and sushi...as well as USO, GLD and PALL.
/ES
H&S?
http://www.zerohedge.com/forum/99er-charts-0
Hey Bazooka, I'm also an EWT guy, but I think Prechter's analysis is dead wrong. He thinks gold's move from 11/2008 (~700 nominal price) to present level (~1400 nominal price) is a B corrective way. Look at a chart and you'll see he's absolutely wrong. The move is clearly impulsive. And with the backdrop of QE to infinity, common sense has to tell you to ditch Prechter's analysis.
Imageddon confused as to which Armageddon we're talking about because there is way more than one.
The Fed and Banksters are doing their thing, trying to keep "business as usual" going for as long as possible. It's hopeless trying to fight them. Use the opportunity they are creating to load up and make important preparations for what we all know is coming in the not to distant future.
Silver is almost peeking over $37. What a tease!
just did according to apmex! Woohoo!
Do I smell a market PPT move @ 3:30pm today?
President of Libya is down with the PM. Lets do it.......
PM's, the only currency loyalists and mercenaries alike accept.
"the printing of a few [...]illion in new linen-cotton forms of monetary exchange"
Septillion by September...it's catchy, eh?
my guess is before this all plays out there's going to be a 'big bang' moment when prices of everything implode dramatically and over a very short period of time, followed by an inflationary explosion.
... and the Dow Jones goes GREEN at 11:35am (Eastern).
What a concept. Print $$$ and ignore EVERY bit of bad news.
It IS biblical!
That ashen horse is going to be a bitch!
"for the great day of their wrath has come; and who is able to stand?"
If I were employed on Wall St. I would be wearing base jumping gear to work!
In the meantime...
Gold & Silver Bitchez!
http://www.youtube.com/watch?v=ZNGe7iK1O-4
I agree bania, we may have USD appreciattion and then inflationary explosion and killing of currencies.
Silver just went vertical
I bet no way they let Silver close above $37.00 today, or Gold at $1440.00.
You may be right but here is an argument for $40/oz silver by the end of March, 2011.
http://goldandsilverlinings.com/?p=301
Also, noticed premiums on RCM silver coins from sprottmoney.com has jumped to about $5/oz over spot, a few months back it was no more than $3/oz. *sarcastic tone* of course there's no shortage. :-)
I hope your right, but $37.00 is a killer for JPM.
Silver just hit $37.13.
There's a key aspect people are ignoring: the US oil price differential to the rest of the world is eroding. And just by virtue of having to pay oil prices close to the rest of the world will induce a shock
Cav,
No, not ignoring,just know that up to a point, the sheeples and us will pay WHATEVER gas/fuel costs, and do without something else.
It's a double edged sword.
Food,Clothing,Shelter,Transportation.These 3 are non negotiable for 90% of Americans.
"Food,Clothing,Shelter,Transportation.These 3 are non negotiable for 90% of Americans."
Is is just me, or are there 4 items in that list ?
Silver is a good material for control rods for nuclear reactors. Does that cheer you up?
Japanese dumping Silver on reactors
In an effort to control damaged nuclear reactors helicopters are dumping Silver Bullion into the open reactors........
/JK