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Net Net: Gold Surges To Record, Stocks Close Red
Ave Shalom, those who are above to create their own gold standard, spit in the face of central bankers worldwide, burn linen "money" and laugh all the way to the post US-restructuring bank salute you. Everyone else - there is QE 3 through 3 trillion. Stocks end the day at the lows when priced in the one true currency.
S&P:
Gold - new all time record above $1,290:
And S&P priced in Gold:
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"to prevent money laundering by drug lords."
Hilarious. THEY are the drug lords (no kidding). How many people don't know that Bush Sr and Clinton were the biggest drug dealers in history?
They no longer wait to write revisionist history. Now the current affairs and very recent past are revised...daily.
@zaknick
Geraldo Rivera reporting from Poppyfield Province... "we tolerate the growing of opium.... (@1:00)
Lt. Col. Christmas... "making sure they get the seed and fertilizer to do it...
(you can't make this shit up)
http://www.youtube.com/watch?v=t372emhXa60
Mr Christmas gave them "other" seeds (ie, not poppy seeds). But he did do something rather stupid, he bought all of the hand-carved poppy scrapers to "take them off the street". Ummm... economics 101 anybody?!
Money laundering, drug lords. When did the AARP get involved in this?
Silver & Gold are doing this well with a bogus stock rally imagine the fun when this embalmed Dow takes a giant dump.
Jim Willie has an interesting video re; LBMA and their shennanigans and the BIS bailing them out...again...Hat tip to Max Keiser and Jesse at the Cafe Americain...
http://maxkeiser.com/watch/on-the-edge/episode-71-17-september-2010-guest-jim-willie/
am officially an idiot
Well Nads, it's not like they haven't been all over ya......LOL
I was going to say congrats to all the faithful but I think congrats to all the rational sums it up better.
Also agree with MsCreant that there should be a dip soon resulting in more buying opportunities - I actually thought it might have happened by now.
Check out the Jim Willie interview I posted above. If he is right about what is going on at the LBMA then we might not see any significant dips for some time...like a long time.
Willie claims that about a dozen gazillionairs are taking physical delivery of longs and absolutely wiping out the stock of physical gold at LBMA, forcing LBMA into the markets to buy physical. The gazillionairs want to insure that their gold is where they can see it...not in the LBMA even in allocated positions. IOWs, they don't trust the LBMA. Imagine that!
The link is up a few posts.
Once the Rothschilds exited the gold fixing business the writing was clearly on the wall.
And the LBMA is going out into the market and buying shipments of sand from africa.
1Year ago....
http://www.youtube.com/watch?v=0-ZZFmKFk1s
thanks for that link
You American goldbugs had your fun,now it's our turn(eurogoldbugs)
Remember people,our euro is same paper shit as $$$$$
Good time to exchange some euro for gold.
Will leave the coin shop again tomorrow with big smile on my
face and my pockets full of gold.
Cannot believe there are still idiots changing paper for real money.
you related to the Silver Surfer?
I cannot believe idiots are exchanging gold/silver for paper!
You American goldbugs had your fun,now it's our turn(eurogoldbugs)
Remember people,our euro is same paper shit as $$$$$
Good time to exchange some euro for gold.
Will leave the coin shop again tomorrow with big smile on my
face and my pockets full of gold.
Cannot believe there are still idiots changing paper for real money.
Five years from now the propagandavision gurus will be pimping their new books on the collapse of the USD and how they knew it all along, er... just like the five year heads up on the collapse of the USSR and the Cold War thingy.
Backwardation? I don't have any access to live futures data...can anyone confirm?
"that's a roger, Roger."
No backwardation yet. http://tfc-charts.w2d.com/marketquotes/GC.html
silver's a little tighter <comment edited> http://tfc-charts.w2d.com/marketquotes/SI.html
According to Antal Fekeke the cabal is able to manipulate the PM's out of backwardation, no big surprise since they are manipulating everything else under the sun - must take a lot of effort, all that manipulation. Lease rates are also a good canary.
Atta boy! ...er, beaver.
Damn varmints!
You love them. Admit it.
FOFOA extends Fekete's concept further by noting that the mathematical indication given by backwardation, is not dissimilar to a thermometer, but is not the temperature itself. And one does not need a thermometer, to know if the temperature is hot. One just doesn't know the exact temperature.
From this link: http://fofoa.blogspot.com/2010/07/red-alert-gold-backwardation.html
http://lydianmint.com/owlsilver.xml
http://www.youtube.com/watch?v=41d-vFc76mY&feature=related
"The free market is the name for the array of all the voluntary exchanges that take place in the world."
PAUL VOLCKER Published: January 30, 2010
To help facilitate that process, the concept of a “living will” has been set forth by a number of governments. Stockholders and management would not be protected. Creditors would be at risk, and would suffer to the extent that the ultimate liquidation value of the firm would fall short of its debts. To put it simply, in no sense would these capital market institutions be deemed “too big to fail.” What they would be free to do is to innovate, to trade, to speculate, to manage private pools of capital — and as ordinary businesses in a capitalist economy, to fail.
The worst evils which mankind has ever had to endure were inflicted by bad governments. Ludwig von Mises
About all I see is the refusal of the assumption of individual and collective rationality, about the crucial role assigned to institutions and about the attention paid to the socio-political dimension. The individual in the broader context is absorbed to the State as property no more no less. Keynes to distinguish between finance as a stock, and investment and savings as independent but related flows from the income that investment later generated. “‘Finance’”, he emphatically declared, has nothing to do with saving. At the ‘financial’ stage of the proceedings no net saving has taken place on anyone’s part, just as there has been no net investment. ‘Finance’ and ‘commitments to finance’ are mere credit and debit book entries, which allow entrepreneurs to go ahead with assurance.
Only saints and fools approach certainty with reckless disdain; the experienced hedge with caution I did read also.
Caveat emptor was first laid down as a principle in United States law in 1817, in a decision written by Chief Justice John Marshall for Laidlaw v. Organ.
Many have conveyed when you do not hold banks in down right contempt and suspicion in any age you will see the result.
The notion of "caveat emptor" is a massive fraud today, and always was a massive fraud.
In fact, the whole notion of "caveat emptor" is an inducement to defraud, plus an explicit rationalization and legalese cover for fraud.
For practical purposes, "caveat emptor" states "fraud is impossible, because the fault lies squarely in the lap of the cheated party".
I utterly reject "caveat emptor". Both parties to a transaction must fully and clearly describe the nature of the goods they exchange. Otherwise, predators always win (which is almost exactly the world of today).
The next Sizeable correction or dip, will be in Nov, when the election smoke clears.
The sheepl,er' people will think NOW we get even time is here, and soon it will Happy Days are here again.
Not realizing ALL the damage needed to bring this bitch down has already been done......they will dump PM's, and a panic will ensue,people will think they are going to lose their butt since they bought in at high prices and dump it.
Then, it will be time to back up the trucks.
Seen this play before.
And there's more than one way to screw you out of your lifes savings.And put you under the tyranny thumb.
Then ,"Bring In The Clowns".
I thought the PTB would be trying to suppress PM's up to the election. And after the election stealth QE2 morphs into acknowledged/announced QE2. How would that be bad for PM's?
I'm not saying PM's aren't vulnerable to a correction at some point, but not post-election, more likely pre-election, if the cabal is able.
Yes, the predators-that-be in western governments and the western [central] gangster-banksters are trying to suppress gold. And they are being very successful too, because otherwise the price would be somewhere between $5,000 and $150,000 per ounce.
Given the natural state of affairs is $5K to $150K, holding gold down to around $1280 is a massive success.
But it is only a massive success in kicking the can down the road, not achieving anything fundamental. However, they only need to keep the scam going long enough to establish a sufficiently strong police state that can enslave their populations permanently.
This also explains why the predators-that-be are taking as many actions as they can to subvert honest, liberty-loving members and veterans of their militaries, because [ex]-soldiers with attitudes like "oath keepers" may be the biggest danger to the predators-that-be.
And remember, the predators-that-be in other governments and central banks don't want to be left holding quadrillions of dollars/pesos/euros/yen of fiat toilet paper when the music stops. Which is why we are just starting to see other predators-that-be begin to quietly but deliberately run for the exits.
Given all this, the western predators-that-be are doing quite well with their gold and silver (and government statistics) manipulations, all things considered.
Seems so long ago when APmex was clearing out all there Perth Mint 1/10 ounce coins at spot. Cashed in on a few dozen because my fiat was earning me Zero, only a few months ago but 200 dollars an ounce.
$1300 before day has ended and I'm expecting a steady climb to $1500 thereafter with only (relatively) minor retracements.
Normally I'd expect a fair reversal at a number like 1300 but I think dollar confidence is gone. Just glad I kept my beady eye on USD/CHF.
The forex bucket shops now advertising off the back of gold leaves me with a sense of disquiet though..