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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.
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Tyler -
cover this...
http://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-d...
those mother fuckers never quit....fuck all bankers
i wonder if we will all be slinging our smart ass comments when disaster comes to our doorsteps, be it a big CA quake or whatever...
Lets see Americans use about 400 million gallons of gas per day.
U.S. military alone uses about 15 million gallons.
Just for every .25 cents gas prices suck about 750 million out of the economy weekly. So these prices are putting some dent in QE 2. Announcement of additional QE would only skyrocket WTI (Without further ME tensions/Saudi escalation/Israel) so yeah this is some pickle Ben is in.
Maria Bartiromo on the Gold Standard...
http://www.youtube.com/watch?v=dXcnIkdVa-8
Really it's Lewis Lehrman with M Bartiromo.
Hmm. . . can you sense some bubbles about to pop? Short term only, goldbugs, so no name-calling and mud-slinging, please. Get a pop now, let out some air, "consolidate gains," then start filling with air again. If we don't do it, the thing will pop completely before we want it to.
Say what?
Gold at a new all time high today London PM fix of $1439.50
Silver through $37.
I smell $40 and $1500 coming.
"Consolidate Gains" ... What in the hell do you think gold & silver have been doing for the last few weeks? ... The price does not have to "pop" to "consolidate gains"
Some comments on a Fast Money article which highlights gold as an inflation hedge. If it was an true inflation hedge shouldn't it be trading at $2400/oz now? Assuming you believe the inflation numbers, which I don't.
It would seem to be a much better Armageddon hedge.
http://goldandsilverlinings.com/?p=311
Exactly, it should be $2400./oz. That's just one piece of the puzzle for the rational for price manipulation and suppression.
Lindwaldock's Metals analyst gave a shout to ZH today. Bullish through the end of the week on the metals.
http://www.youtube.com/watch?v=jqzLu-Xqw2Y&feature=player_profilepage
Remember folks, the economic recovery has never looked better.
Silver just hit $37.13, cool
Japan seems to be recovering. ES is back almost to the 1300 line. The sky isn't falling. The world isn't ending.
shhhhh, you'll spoil the doomsday-circle-jerk
Ha! You're so right! That's what it's all about. Doom and Gloom and Shorts.
Funny that you forgot to mention the massive liquidity infusions into the Japanese markets. I suppose you think that comes for free.
How are they paying for all this cotton, thats what i want to know!
calling all hackers...please shut this piece of shit web site down...
OH MY GOD.....
http://www.marketwatch.com/story/time-to-stop-the-fed-bashing-2011-03-23
Silver at $37.26. Nice.
Silver
http://www.zerohedge.com/forum/99er-charts-0
I can buy my wife a platinum nose ring with my current silver toe stud. That's upgrading with a big U.
I listen to people who are allot smarter than me {and there are many!} Dr.Faber says we are in a "crack-up-boom". I believe that, it is being played out right before our eyes. How anyone could doubt that, you would have to be in some strong denial. Market prices will continue higher, the ONLY thing that could stop this would be a sudden anouncement that QE is being ended. As long as QE is being performed, the market will continue higher. Despite what $4+ per gallon gas will do for the economy is irrelivent I suppose. And diesel is even higher. It should be $5 a gallon by this summer at this rate.
Ag closes over $37
And Joe 6pack will never hear from the MSM on this topic.
When she asks me for a navel ring I'll be in real trouble. No more trinkets to sell. That's the worst part about a financial bubble in PM it creates appetite that flesh/spirit cannot satisfy.
the hardest part of owning physical is getting oneself not to think about the dollar value of said physical. iow, it's the physical that represents wealth, not the green coupons.
If the historians are right the Gold/Silver ratio is 16/1. Today its 40/1. Silver will go through the roof sooner or later. Theoretically Silver must be at $95. Silver is either too cheap or manipulated.
Follow the trendline.
http://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER&p=D&yr=3&mn=0&dy=0&id=p51721759934
"If the historians are right"
Hm... historians are busy studying the past...
Anway, keep in mind that this may not correlate to the past: are today's economists (and other talkingheads) fighting the last war?
Who can answer this parable! I am a farmer and I want to be paid in something of value for my labor. A chump came to me and offered a lump of gold for my goods. He bought this gold with worthless dollars. He said he was a banker and got all this paper money for nothing and now he wanted to spend his fortune.
Kiss of Death?: Cramer just said he likes gold and silver to go higher from here. Good news is he says to buy the ETFs. That means there is still more physical for us. Silver hit 37.30 earlier.
Remember "More Critical Thinking Wanted", the fuckhead who incessantly sought to exculpate the Chairsatan from any wrong doing on the food price genocide front?
Well for some strange reason I turned on Kudlow last night and low and behold what do I hear? Some fuckhead attempting to blame the commodity price spike on get this.....Russian drought.
Is it just me or does the fuckhead aside Forbes sound like him?
http://www.cnbc.com/id/15840232?play=1&video=3000012299
...lest we forget that jpm IS the US gov't; they own congress and have a Geithner and Bernanke in their hip pocket....and now mafiose Dimon, the newly confirmed Comex reg'd agent, (just because they can!!!) is out in the far east attempting to buy off those asian politicos with crap usdollars....while silly Oduma is having a grand ole time playing the prez !! How absolutely convenient for corrupt banksters !!!!!!!!
The best play, not passed, was to buy the Feb silver contract and stand for delivery. It was like getting in n hour early to the Barneys spring sale. Silver trades every month but the focus is always on the most liquid. Stood for delivery in Feb, Comex delivery clerks answer the phone, HSBC vault calls back and sends faxes. Just now backing the Brinks truck to get it out of the HSBC vault.
On the crude market be aware that there are pipeline problems out of Canada into the mid continent, reason why Apr-May went off so strong. 1.2 mm b/d of super light sweet crude out of the market in Libya, dollar falling oh my.
The best play, not passed, was to buy the Feb silver contract and stand for delivery. It was like getting in n hour early to the Barneys spring sale. Silver trades every month but the focus is always on the most liquid. Stood for delivery in Feb, Comex delivery clerks answer the phone, HSBC vault calls back and sends faxes. Just now backing the Brinks truck to get it out of the HSBC vault.
On the crude market be aware that there are pipeline problems out of Canada into the mid continent, reason why Apr-May went off so strong. 1.2 mm b/d of super light sweet crude out of the market in Libya, dollar falling oh my.
The best play, now passed, was to buy the Feb silver contract and stand for delivery. It was like getting in an hour early to the Barneys spring sale. Silver trades every month but the focus is always on the most liquid. Stood for delivery in Feb, Comex delivery clerks answer the phone, HSBC vault calls back and sends faxes. Just now backing the Brinks truck to get it out of the HSBC vault.
On the crude market be aware that there are pipeline problems out of Canada into the mid continent, reason why Apr-May went off so strong. 1.2 mm b/d of super light sweet crude out of the market in Libya, dollar falling oh my.
...Gold...!
My favourite food....Yum Yum...!
Wondering where the USDX and the physical price of silver intersect. My guess is 62.
Succinct and fascinating Q....
And if the Bernank pulls the plug on QE(n+1) to let the politicians hang?
Well this thread is sort of like the past 10 years...started out with some interesting and thoughtful posts, ended up neck deep in bullshit.
Posted by Trav777 above:
You raise some good points. Lets start with the first section. You do agree that initial distribution of grains with significant protein content that could be domesticated was higher in the "Fertile Crescent" than elsewhere. We also agree that superior agricutural techniques will migrate fairly quickly. We also agree that there are constraints on these migrations? Sub-saharan Africa is a road block. If you were going to migrate from the "Fertile Crescent", you would tend to stick to Mediterrean? Why venture into the Malaria Belt, not to mention Tse-Tse? Towards the East, the Central Asian mountains act as a partial break.
Regarding Meso and South America, IIRC, his thesis was not the lack of agricultural expertise, but the lack of a suitable pack animal. The proverbial beast of burden and source of meat. LLamas and Alpaca's don't cut it. From a scientific perspective, Mayan astronomers were the equal of any European until the advent of the telescope and great minds like Keplar, Newton etc...
If you want to argue that the "great leap of faith" he made was that the "Guns" came out of competiton in Europe arising from a non-uniformity of thought. For example, China and India were too homogenous between the limitations of Hinduism and the domination of the Imperial bureaucracy in China.
I take the essence of his argument to be that once you are on the path of civilization, any differences that exist become increasingly magnified with the passage of time.
I agree, Africa is a shit show, something went badly wrong in the sub-Sahara. I have to think about this more.
While I do not take his work to be gospel by any means, I think he presented a very workable thesis that transcended a lot of clap-trap and dogma left over the Victorian Age. A good starting point for further development.
Gotta run...more later
hit me up off-site or something...do we have PMs here?
Africa had domesticable animals.
Mesoamerica did not. Yet the Mayans achieved parity with early Egypt. All of this ancient Egypt stuff was pre-horse anyway. Pack animals weren't a huge feature for agro until later on.
Middle Europe with its strong E/W axis was not advanced until far after China, with lack of pack animals, strong N/S axis, etc., was the middle kingdom. Sure, there were Greece and Rome and Persia; these hardly buttress Diamond's claims.
The thesis just falls apart on so many levels. I submit that inherent IQ differences explain the disparities and my explanation is far simpler.
del'ed
Scotiamacotta has been able to maintain a supply of 1 oz size gold but all larger bars have been sold out for a while now. Looks like the shortage of silver is creating a shortage in gold.