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The New New Normal? Futures Take Out 1,150, Carry Crumbles, Gold On Verge Of $1,200
Was this it for the bear market rally? The new new normal, same as the old normal: Risk and Carry off, Gold on...Meanwhile, the panic over at the Eccles building can be felt all the way in Europe.
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Blame it on the spec spec spec spec-ulators
funny that usdjpy seems to be in the same shitter as all the other yen pairs
JPY are gonna hate that...makes their exports too expensive.
Euro has recovered somewhat against JPY and USD and massive against GBP.
Check the GBP cross if you want to see some scary stuff (soveriegn risk).
i have been short gbpusd for a while now, US has been keeping them on life support but they will cut them off when problems come
New Normal:
The NYSE Composite is a leading indicator of market weakness due to its relative lack of futures and ETF interference. While the NASD, Dow and S&P 500 appear to be routinely manipulated through the futures market the NYSE Comp. seems to enjoy relative anonymity. Average volume of the ETFs, DIA, SPY and QQQQ are 9 mil, 185 mil, & 78 mil shares/day respectively. The NYSE ETF, NYC, trades on average only 6 thousand shares/day; my case rests.
Click here for 60 min chart of NYSE Comp. http://tinyurl.com/27tjapk
Excellent point. NYSE is a canary, along with FCX and other mining stocks. They typically turn down a few days before the overall market.
Ain't no fever like gold fever...
Paging all randomwalkers, paging all randomwalkers ...
Brain stem in Aisle 1.
why don't you gold yahoo's post a few more times pumping gold. Don't you get enough the commercials on the main stream media pumping it ever commerical spot they get? I'm so facking tired of you people and the gold noise. Everytime gold in the title of an article you fools flock like flies on shit, which is what you all are flies.
The whole system is a sham(I agree) but gold is immune? I'll be damned. You must all be gold dealers or have so much of your tiny net worth in gold you cannot see the forest through the trees. It's a kin to a mother saying her child is adorable, really??? No shit that's your view??
All of you gold buffs are going to eat crow soon enough, gold is going to die. What's funny is you are all pikers. If you had any money like even a few million dollars and you put that into physical gold how's that going to work? $1200 per oz. 16oz in a pound. so $19,200 per pound of gold. So you invest say 2 million in gold, that would be approximately 100 pounds of gold. Where are you going to put it? It's like a medial Hollywood script. You going to drive it from place to place? How are you going to exchange it? How are is whomever your trading it with know how pure it is? How can it be used as a medium of currency?
You people are delusional. Just because we have a fiat money system and our dollars ain't worth squat doesn't me Gold forgoes the manipulation and control. In the 30's the US government made gold illegal. You gold bugs are so mislead, misguided, and apparently unaware that gold can be confiscated and made illegal, can't be moved easily, and CERTAINLY can't be traded for goods easily. It's a laugh, you people are a hoot.
100 pounds of gold is about three 400 oz bars and some kilobars. Easily fits into your backpack (if you're good at weightlifting...)
Address nothing else? Just that you can stick some kilabars.. in your bag? Then what? Are you going to use them for a seat ro rest your tired ass?
LOLOLOL
Hey ding dong - I happen to have more gold than you are mentioning. It's quite easy to hide and move. I've spent ten years getting myself into this position. I'll be damned if I'll give details to a moron like yourself, but rest assured...it can be done quite easily if you work slowly and carefully as I have done since 1998. I can't even tell you how well I sleep at night. Clearly you don't get it.
9 out of 10 of the people here don't trade. They own gold or miners and think they got it all figured out. Once their positions go against them they don't know what to do and are caught like deers in the headlights. Then they blame it on JPM, the Fed and evil conspiracies and manipulators.
The Choo Choo going a little too fast for you YipCarl???
I probably should weigh it down with some gold eh piker? You deal gold coins too? HULK? I have a picture of your fat ass in my head right now and it's hilarious. Maybe you can carry a few more coins then the next guy eh hulk??
180 lbs even here YC. Not a dealer. The train is a leaving the station. All aboard, need a gold ticket though!
LOL
yip ..yip yippy i ae. Whats up dude, you sound angry and bitter. Cant afford the gold, buy silver. Why in hell you think chinses encouraged their people to buy gold? Because when the paper goes to shit , as all of it will , the country has value placed amongst its citizens. This allows new growht to resume.
I call it the REAL green shoots. As far as mentioning gold, there is no one here more hostile than you . So i think its your personal problem.
Buying food for you and yours as well as your neighbors is a good idea.
What ARE YOU DOING? Just holding dollars is not a good policy now. Dollar can go the way of the cucko real fast
Your ideological certainty is no more right (or righteous) than that of the the gold bugs'. Hedging is where it's at -- own some gold, own some equities, own some land, have some potable water and three months' supply of food, keep the truck fueled to the max, have a bug out bag. Remember, and spell it out with me now, h-e-d-g-e.
Precisley. And when the shit starts hitting the fan, dive to the bottom of the ocean and sit a spell...
yea boy did that diversification work out for people 2000-2003. Your going to be left holding the bag Diver.
Trade trends not BS from 'rocky the raccoon'. He's a gold dealer..
lOLOLOL
When they ran for the hills back then you mean? Not sure how it turned out for them. Since you obviously have it all worked out, what kind of bag you holdin' there you seer you?
Sigh. I remember sending friends into stores with $9900 cash and them coming out with 25 Krugs. The good old days. The thought I was crazy and didn't understand why I would do this....kind of like you now. I did this many many many times, yipfuck. You were busy bragging about buying Worldcom at $80 while I was quietly buying gold. I sleep very well.
Lest you think I'm a "piker", this runs to a substantial percentage of a high seven figure net worth. It takes up far less room than you think and is spread around geographically and invisibly.
See you at $1500, idiot.
You should actually..
Oh, hi yipcarl. You almost got me.
Dear r-tard,
Gold is priced in troy ounces, not avoirdupois ounces. Learn 'bout deez tings.
Respek
Again another gold buffoon splitting hairs. Break out the calculator jackhole, it's a bit Heavier for your fat ass to lug around, it's close enough. I didn't check into the the actual weight of a 'troy ounce' because I was approximating dippie.. This isn't a test it's a general concept which you gold bugs have a very hard time with since you can't think past your nose.
Again though addressing nothing about the practical use of gold just splitting hairs about a few pounds. Again a perfect illustration of the intellect and blind faith of a goldbug.
I don't get it. Why are you so petulant?
Use smaller words.
yipcarl - it must suck completely missing a nine year bull market. I know , I know, it's too high, it's a bubble, $2100 an ounce rediculous, the Gold / Dow cross impossible... but don't worry, one day when Gold finally crosses $5000, CNBC will give you the green light to finally throw in the towel and buy your first ounce... just be patient... your day is coming !
Don't hate me because I'm beautiful.
http://www.youtube.com/watch?v=iWAxmMdvKYU
Ok, not pertinent, but hilarious. I love this clip too.
Ali G Talks About Drugshttp://www.youtube.com/watch?v=7_dybpaM3M8&feature=related
Respek.
:) Da Ali G show was pure gold. Ali G is my Halloween costume of choice.
" gold can be confiscated and made illegal"
the US was on the gold standard back then...today, not.
For the US government to call in all gold would make as much sense as calling in all the lawnmowers in the country...and receive about as much co-operation...
"can't be traded for goods easily."??
Gold is still, after all this time, a STORE of wealth...it COULD regain its old "medium of exchange" function but it wouldn't be easy at all....
Gold has been with Man for a long time as "money"....
"the first cut is the deepest" -Rod Stewart
Here's the logic I get in return for my quesitons let's review
1. The fact they made it illegal is just the point everything can be manipulated
2. 'Could' regain it's old 'medium of exchange'? Are you serious? Who gives a fuck how long gold has been around? So has dimonds and rocks wtf does that have to do with anything?
3. You're quoting queer bait Rod Stewart? WOW.
Diamonds are easy to find-DeBeers created a monopoly and supply squeeze.
Gold, see my above comment, is a liquid currency and is passed around just as much as digital cash. Your understanding of moeny and it's definition is lacking. Money is a bartering system. Your Weber BBQ can be money as well, as it has innate value to someone. All money is fiat-gold is a dumb rock in the ground too-but it's rare and historicallyunique enough to be considered money(or a bartering exchange.)
FAIL
yipbates , master carl and others have same approach. Put downs , rudeness and ignorance prevail in most comments.
Cry baby
its a sign of low self esteem
if they only knew how funny they appear
Bravo Yip! Awesome post! You really threw everything you had in that one. Almost made me spit out the Lucky Charms cereal I was eating for lunch. This gold rally is really steaming you, isn't it? It's ok, you still have time to cover your shorts and get long.
Cheerio!
If yip was short Gold I could at least respect him for that, for having an actual trade on. I have no use for someone that play's trader online and completely misses a 9 year bull market in it's entirity, then shows up pounding sand to vent his frustration at his total failure as a trader. Point here is, if you have an opinion on Gold, express it in the market, put on a position. If yip truely believed what he is saying here, he would simply put on 100 GC short and be done with it. It's really no more complicated than that.
Isn't holding dollars being short gold?
Yipper-you are not a history reader, I can see.
Gold is internationally fungible and it's accepted in every country. you can't say that about fiat currencies-which are only as good as the governments that manage them. As you can see, no government is able to run a surplus and they resort to a credit binge which is ultimately not payable.
We are seeing a depressionary sequence-and thats not a recession(business cycle.) A depression is a deflationary money contraction that occurs every 100 years or less. Depressions are NOT recessions. Depressions are about CREDIT and the creation of money supply vehicles that are derivatives of source money. When those derivatives(lower interest rates, cash, dollars, euros) cannot be liquidated and converted into power money(let's say dollars and gold and silver) then you have a deleveraging panic and crash. It's a ponzi scheme since all these bank money vehicles are ultimately valueless. Or as one person said, it's like Fantasy Football. You play the stats, but the players are still owned by league.
In a depressionary liquidity issue(all this fake money supply is imploding) GOLD IS MORE LIQUID than many, many other currencies.
You can't eat gold, but you also cannot eat paper dollars. All money is fiat in that it does not feed you or buy you love in a "man in the state of nature" scenario. Good luck there buddy boy
.... sounds like someone doesn't own any gold.....
;) You look fun to poke back at.
exaggerateto the max ... its like kernen asked roger so gold will go up 10000 times rogers o no just ten times .
goldwill maintain purchasing power not two milion now ,, if you got that coin .....gold purchases go in a account in brinks
but to have been buying a few coins from 300 ,, has been a nice thing to do.
all this wagging a big foolish mouth about this and that. buying millions or your a piker nonsense
and your as Keynesian blind as the three blind mice .
read the Sinclair's , the Russell's those with a long history ,, their bios ,, your some screaming ninny just off probably your pizza route ..
lets see some credentials behind the curtain
1) pizza driver
2) mouth for the clown of month show
3) works part time delivering coffee to female boss
4) caretaker for last building that ran horse wagons and whale oil lamps. was partner for business had bought it on the cheap
5) has zero assets to protect ,
6) a wildebeest standing on the sands of the ocean , waiting for the king to demand the ocean waves stop,
as he is engulfed in a tidal wave of water that sends his message in to the ocean of spit.
7) has a death attitude and the script in two years may change .. Waiting for the dialogue from his handlers . and the additional 30 cents a post.
I believe it's 12 oz per "pound". As for some of your other questions, various mints offer coins in denominations that are supposed to be assayed for purity and accepted as currency. As for it's trade-ability, I was taught early on an oz of Au is roughly equivalent to 1 week of blue collar labor and an oz of Ag to an hour. The ratio between the two kinda approximates the number of hours of labor a work-week is currently valued at. Ounces have historically been used as they are fairly easy to handle.Certainly paper is much easier to carry and I have to admit, I would much prefer being a paper bug, but it always comes down to trust, and as the Greeks are displaying, that's a commodity currently being shorted.
BAAAAAAWWWWWWWWWWWWWWWWWWWWWWW
Our dollars ain't worth squat? What does this mean?
On the rest, well, gold as a currency provides the exactly same issues as any other currency.
"You gold bugs are so mislead, misguided, and apparently unaware that gold can be confiscated and made illegal, can't be moved easily, and CERTAINLY can't be traded for goods easily. It's a laugh, you people are a hoot."
Come and get it. I won't bash your head in like an empty egg shell. Trust me.
I'm scared you can just take it.
...and the dollar is breaking out to the upside as well. new target of 90 in the cards? WTF (look at the 5 year chart).....
http://futures.tradingcharts.com/chart/US/M
Meanwhile, the 1-month tbill is now at 2bps. Waiting for it to go negative yield, again, like fall 2008. Next week?
Ain't no fever like gold fever...
+1 mil.
Boogie fever's close
http://www.youtube.com/watch?v=iPueR6rkkX4
The sylvers. close
Where is harry wagner when you need him?
Crying into his pillow.
Harry is far too busy buying all these dips to troll us stupid Goldbugs today.
The only way you buy the dips is if you sold something and raised cash, he doesn't do that... he was long and long hard.
he was long and long hard
LOL, don't get personal now Mako...
But, but...I thought Gold falls when the dollar rises, no? ROFL!
"In fact, as this crisis deepens and capital accelerates its flow down Exter’s liquidity pyramid, I expect more and more occurrences of USD/DXY (since USD is still the reserve currency of the world) moving higher together with Gold."
http://gordongekkosblog.blogspot.com/2009/09/gold-what-next.html
The Harry Wanker equation:
SPY - 2 = SPY support line
Take current SPY and subtract 2. Spew something about this is the support and if it can hold that support, then the market should recover.
COME ON GOLD WANKERS? WHERE ARE YOU TO DEFEND YOUR BS METAL??
why don't you gold yahoo's post a few more times pumping gold. Don't you get enough of the commercials on the main stream media pumping gold ever commerical spot they get? I'm so facking tired of you people and the gold noise. Everytime gold is in the title of an article you fools flock to it like flies on shit, which is what you all are, flies.
The whole system is a sham(I mostly agree) but gold is immune? I'll be damned. You must all be gold dealers or have so much of your tiny net worth in gold you cannot see the forest through the trees. It's a kin to a mother saying her child is adorable, really??? No shit that's your view??
All of you gold buffs are going to eat crow soon enough, gold is going to die. What's funny is you are all pikers, little guys. If you had any money like even a few million dollars and you put that into physical gold how's that going to work? $1200 per oz. 16oz in a pound. so $19,200 per pound of gold. So you invest say 2 million in gold, that would be approximately 100 pounds of gold. Where are you going to put it? It's like a medial Hollywood script. You going to drive it from place to place?
How are you going to exchange it?
How are is whomever your trading it with know how pure it is?
How can it be used as a medium of currency?
You people are delusional. Just because we have a fiat money system and our dollars ain't worth squat doesn't me Gold forgoes the manipulation and control.
In the 30's the US government made gold illegal. You gold bugs are so mislead, confused, and apparently unaware that gold can be confiscated and made illegal, can't be moved easily, and CERTAINLY can't be traded for goods easily. It's a laugh, you people are a hoot.
LOL
That's a lot of effort. You don't have to type that much next time.
I think the Yipster could just post numbers instead of words. Each number representing a gold fallacy or misconception. That would save him a lot of work re-posting the same crap every time. You know, like the old comedians who would yell out a number representing a punch line and everyone would laugh. We could laugh at the Yipster's posts, too.
OH!!! Gold salesman Rocky Moron is back!!!
Tell us about what you sell Rocky? Do we also have a real estate agent on here that wants to tell me it's a good time to buy? How about a used car salesman, you think they want to sell me a used car?
Rocky you're a gold salesman. Your bias is nauseating.
Your trolliness is so apparent that it is humorous. You are a caricature of a cartoon.
Go wash your mom's car or something useful.
What a Troll.
Rocky stop skirting the issue and admit to your friends here that your slightly biased because you sell gold!!!
LOLOL. LMAO at you is useful for my health, laughing is good and looking at your 'raccoon' picture(do you hunt them? I'm sure you do and your probably from where, the deep south) and thinking of you sitting on your fat lazy ass pushing gold is hilarious to me. It's even funnier to imagine your face as you watch gold plummet in the coming months. I'd pay to be a fly on the wall at your place.
http://www.youtube.com/watch?v=ELTA1U6F704
Hell, Yipster, I'd pay for you to be a fly on the wall. I've got a nice ole juicy swatter rat here next tuh mah mason jar full o' hootch. I'd swat yore ugly ass in a heartbeat.
See? I can play with the troll. I'm not prejudiced.
sounds every bit like master bates. Probably is. He sure got a hardon for goldbugs.
Yip , you need to open the window of your basement, let some of that hot air out of your panties.
Reciprocity demands we insult you back, dumshit.
You're wasting the alphabet yipper...
Yipper: You will end up as a neo-anarchist, protesting that the banks and the government have betrayed you. I, being forewarned and not burying my head in the sand, will sit safely in my gold.
1 pound = 14.5833333 troy ounces, troll
Not just tarded, but re-tarded, as you stated above. Tarded twice. LOL
Never Go Full Retard...
full clip
http://vimeo.com/3945205
cut
http://www.youtube.com/watch?v=vxr0hYefytg
LOL!!! Our government could use this advice!
Oh, Gawd.... Not you again. Was it getting too stuffy under the bridge? Did your coffee klatch with Harry and Mr. Bates end early? Sheesh.
Why so bitter yipcarl? Holding an underwater short position?
Six thousand years of credit worthiness in holding gold and an entire world out side you're US government view says you are a fool. Got Gold? Because if you don't for you're own sake get some now!
I'm not a gold bug and am not holding gold right now, but yipcarl, you really haven't made a single valid argument against gold. You ask a few rhetorical questions that have easy answers that can be Googled in roughly 5 seconds, and you throw out a few lame arguments that are blatantly transparent (the government made gold illegal in the 1930s? ... so what?!?)
If you're going to come on here and try to start a flame war, at least try to demonstrate a basic familiarity with the subject first.
The only 'missing link' is in your brain.
Why don't you tell me how you use gold in a monetary collapse?
Tell me how it's tested for purity? Tell me how it's weighed? So you think our whole system will collapse but you can parade around with your gold bars? You tell me I'm not making a valid argument? The whole concept of gold is asinine. I don't need to make the argument the goldbugs do. Why don't you make a practical argument? How about buying diamonds? They are lighter and you can carry them easier plus it's easier to tell if their fake? Even that argument and logic is better than this gold nonsense.
Just because you watch movies where they are tradking pieces of gold in the days of ol' doesn't mean it's the answer today. LOLOLOLOL.
Apparently in yipcarl's world, scales no longer work after a monetary collapse.
None of these points should be a concern for small gold carreers. They can be bypassed, checked etc. Nothing deterministic in them, only technological issues. A matter of means...
The issue should be that inherently, a gold currency is to be limited in amount.
Now, a limited currency pool, through multiple exchanges, allows big carreers to add the small carreers gold amount to their own.
In the end, small gold carreers will either have to withdraw from trade if they want to keep their gold or if they engage into trade, see their gold amount decreased to increase the gold amount of big carreers.
That is the concern they should have.
Gold is the only medium of exchange and store of wealth that has survived nearly 5000 years of civilization. The trend is your friend and that is a helluva trend I am not willing to fight. Besides, mr. gold troll, what do you propose is the most appropriate money substitute? You are going to need a viable answer to my question if you want a fighting chance in a pissing war on a website full of Austrian economics/hyperinflationist/gold bugs.
"How are is whomever your trading it with know how pure it is?"
Awesome.
Kiss my golden ass Yippy.
The world is coming to an end. Moronic self-serving politicians and bankers soon to be naked. Everything will deflate in terms of wheat. Revelation 6:6
Wheat? Wheat, we got lots!
with all of the frantic hysterical gold envelope commercials running from operators shaking down consumers in order to cover failed deliveries i can assure one and all that the gold rally has a ways to go....
gold is in severe and permanent backwardation.....demand physical delivery for an easy 25% fiat premium - sucker.....
Just saw a worker rolling a folded-up poker table down Maiden Lane away from the NY Fed.
Guess that makes it official: Risk Off.
NEW NORMAL SUCKS ,
GULF COAST RUINED, THOUSANDS OF OCEAN SPECIES STOMPED ON ,
I AM NOT A "GREENIE FASCIST" BUT YEAH THE 30000 BARREL
A DAY GUSHER AT THE OCEAN FLOOR IS TRULY
GOD AWFUL , 6000 (FORMALLY ) LIVING REEFS ,
ESTUARIES , MARSHES TRASHED
COASTAL COMMUNITIES ,INCLUDING A BIG
SWATH THROUGH FLORIDA JUST STUNNED.
ANOTHER NICE KICK IN THE BALLS FOR OUR ECONOMY
DOW 4000 BY OCTOBER,
CATFISH FARMING & 20 CASES OF CANNED TUNA ,
BITCHES ! : )
"CATFISH FARMING & 20 CASES OF CANNED TUNA ,
BITCHES ! : )"
Great post. :)
Sardis, LA 3.2 quake. Sure it has nothing to do with subsidence of the gulf sea bed as the hot oil under pressure flows out from underneath the basin.
The weight of water , the weight of the sea bed and the heat below combine to pressurize the oil and gas now escaping. Further trauma is un(expexted !
What a wonderful time to be alive when all the world is so full of surprises and adventure.
They sound like zula warriors but they have not thrown any spears over there in Greece today.
Not much of a show yet. If that crowd turns those police guys are going to be flattened.
Having watched many of the hearings of the Financial Crisis Commission - this is what strikes me. The general tone is - phew we sure HAD a bad crisis - now that its OVER we cannot relax - because a crisis may happen again SOME DAY ( meaning in a decade or so). geneally relaxed, no sense of urgency. The other hilarious thing is all the biting cricism of - overly loose Monetary Policy etc . I say - Hey how about now? You guys OK with CURRENT policy?
These guys are a juoke. They sem to really believe the crisis is in the rear view mirror. As the next leg unfolds over the next few MONTHS - it will be fun to watch their reactions.
weeks, perhaps days if we are lucky.
No one who works for a CB has slept in the last 24 hours or is going to sleep for the next 24. They run from having plugged one hole to trying to plug another. It's inspiring to see the power of the markets finally overwhelming them. Tokyo made it all but impossible to fix.
Deflation-it's a bitch! FAZ really zinging along there now. People running for gold early in crash is a really, really, really bad sign. Like March 2009...Dollar UP. Gold UP. Everything else-down. Get your junior gold miners now folks
Exactly. Of course, if everything goes to hell, it won't matter (food and guns and luck will be what you need) but until then, the junior miners will be the best game in town (other than puts on the S&P).
http://www.aftonbladet.se/webbtv/nyheter/utrikes/article7086788.ab
GS selling Riot Derivatives and has taken out life insurance policies on Greek Policemen...
Yipcarl.
sucks to be wrong doesnt it. if spewing mindless vitriol on here helps you feel better about that I dont mind you administering self-therapy here in this fashion.
whatever gets you through it dude, good luck.
Wrong about what dog? Gold is 20% above it's all time high and the financial world is coming to an end how am I wrong? None of you people address the issue. You would rather split hairs on a troy ounce, that I'm not proof reading completely, that I'm wrong.. Wrong how? I bought gold at 400 and sold it at 1000. I was long the market from 7600 till 10,700. My average short position is sp500 1205? I'm up 36% this year alone? I'm doing just fine, 'DOG'. thanks though enjoy that gold I'm sure it will 'protect' you 13000 in assets. LOLOLOL
How to Identify a Troll: A Beginner's Guide.
You could brush up on the basics so that your posts are not quite so obvious.
Come on 'rock' just admit to the kind folks here you sell gold. Go ahead and add your number as we'll I'm sure you will get some business. Additionally I could call you to tell you verbally what a jackass you are....
I think someone's diaper needs changing.
So why come here and harass us? Fuck off .
Simple--there is apparently no mechanism for being banned here.
He doesn't last long anywhere else.
He isn't wrong.He isn't even on the same planet.
Wanger, yipcarl, etc ad tedium=EPIC FAIL.
EPIC CURRENCY FAIL imminent!
Buy the dips?You would have to have rabies and eat mescaline like candy to think that would work.The entire system is teetering on the edge of the abyss.
The gulf coast is toast.Black Swan.The black swan will weigh 10,000 lbs if Katla erupts hard.The imminent FAIL is absolutely horrifying in it's potential scope and depth.
Buy the dips?
How about buy a clue.
The world is changing, a major paradigm shift looms.
We should just have a list so we can copy and paste:
Gold is a stupid investment because:
1. it's heavy and shiny
2. you can't use it to buy a pack of smokes at the 7-11
3. unlike MM accounts, it doesn't earn interest
Feel free to add your own. Me, I got plenny PMs, but I don't consider myself a gold bug. Meaning, I'm gonna sell 2/3 of it when the country adopts a somewhat sane economic policy. Till then...I'm holding. If it's brought down hard for no sensible reason, like 2008, well, that's the best time to buy anything, isn't it?
Didn't mean to steal a bit of your thunder in my post above.
Here are some good sources:
http://globaleconomicanalysis.blogspot.com/2007/06/misconceptions-about-...
Silver is ridiculously cheap right now...I'm just saying
Been at 17.49 all morning. Not moving. Thats really weird, but i will keep what i got.
I'm going to run out and buy 3 silver coins and either a 5 oz or 10 oz bullion today. You just can't ignore 17.50 silver. Damn.
The crisis confirmed for all to see that Taxes are for little people (as we already suspected) BUT it is now confirming that Laws are for the little people as well (massive thefts of public treasure go un- or under-punished). This was felt GLOBALLY, as well as here in the US.
When a society reaches this point the very structure is frayed and begins to wobble. The Matrix goes from omnipotent to evanescent.
Europe is just the flash point (as usual). Thailand flashed even earlier than Europe. Old dreams and nightmares are getting resurrected. New ones are taking shape. Battle lines are getting drawn. Class warfare is suddenly everywhere.
$1198.10
Niiiiiiiiiice!
It sure is starting to look like: "IT'S ON!" Or off... or whatever.
Facinating to watch, though.
Yep. Sit back prop your feet up and enjoy. You have years and decades of watching this stuff.
all of this negativity here, Obamo will just put his laser like focus on it, and poof!!! all is well...yee of little faith
If 1147'ish breaks, we can test the 150EMA at 1118. Yikes!
If you support auditing the FED you support Mushrooom clouds over American cities and the death of millions!
Call your Senators now, do not waste a thin second. Paper shred this American death warrant!
toathis, or company toad. Fear monger bullshit. fuck you.
Audit the fed or we burn the fucker down. If i am getting hostile i figure a lot of folks are more pissed than i am. My fuse is slower than most.
Is Everyone just abount crowded on one side of the boat yet?
Make no mistake, it's on. Class warfare is beginning to percolate up from the ground. It started where people weren't expecting (as usual) in Thailand and Kyrghiztan. Now Greece. But with over 20% unemployment can Spain be very far behind? Italy is always a hotbed and Portugal too. We tend to think the Anglo countries are immune, just wait. The UK has been fomenting for decades and now is quite divided.
2009 was, in retrospect, a very serious mistake in the political dimension. A big bold statement was made (and it was globally coordinated, not just US based) that in effect the Banksters and their buddies in government are in charge, like a gang or a junta. They will be given the run of public treasure, collected via taxes. They will not be prosecuted or held to the same legal standard as little people. And the attitude toward the masses of unemployed, impoverished or merely cheated is "Poo on you!" "Bottom line: We big people, you little people!"
They may have temporarily staved off fiscal and financial disaster. But in the political dimension they lost.
Very well said. Frankly, analysis of such caliber is wasted on the talkbacks. You should write it up in slightly longer form and submit to info@zerohedge.com with "writing sample" in the subject line. I look forward to reading your work.
one class war is enough. it wasn't wasted ;)
bingo. well said
Good post. No one will be immune to what is occurring now... serious, serious shit happening now
Agree, and well put. What they have miscalculated is the power of forums like this, and the viral nature of the net.
Small, light-weight items are now airborne.....
http://www.aftonbladet.se/webbtv/nyheter/utrikes/article7086788.ab
Ratio of protesters to cops about 1,000:1
Ratio of cell phone cameras to people about 1,000:1
Hey cutie Racoon,
Getting tense looking there, so few cops, so many people...
The sun is setting in Greece, in more ways than one.
I think you're cute, too!
They keep shooting teargas. Wonder how much is enough?
Teargas bitches!
There is a dog in the foray...I wouldn't have my doggie there.
Getting interesting...
I wonder if the government falls today...
The complete oppositte of March 2009-now looks like it is about to occur. All the new career "Day traders" created over the rally are about to witness what we like to call wealth destruction. Volume never lies.
March 2009 had a higher gold price, higher HUI stock prices and a higher Dollar. All at once. That was the ultimate in running for the exits and looking for safety. The carrytrade just shit a brick and now we are skipping fake senior currencies(euro) and going straight into gold and greenbacks. DEFLATION=gold up/dollar up/bonds up/gold miners up. See homestake mining 1938
I will look that up. I do not know why countries do do not prefer to have a strong currency and believe the exporting advantages are healthier for an economy. The reverse of logic..I sure would love to have a very valuable and protected appreciating dollar in order to buy cheap goods from other nations.
Sure - an overvalued currency will let you buy stuff from others - for a while. Along the way the number of productive industries will diminish and lose critical mass in many industries. The sheeple become fat , dumb and happy and think they have some unique magic and others will always send them stuff in exchange for their "money". Then it all ends and everyone becomes poor, has no skills. The currency implodes and no one will sell you anything. Thats why.
Uh-oh.
I don't think I've ever heard a better description of modern Americans.
+300million
My lunch: Timmy live in one window. Greece in the other.
On the gold as a disaster hedge mindset, I agree with the Yip-ster.
As a common citizen, it's doubtful you will be able to fight off a mob of 50 people who show up in the middle of the night to 'relieve' you of your gold, canned goods, etc.
If you are some sort of Columbian drug lord type with your own lil army, then I can understand having a stash of gold to point to as a symbol of your wealth and dominance.
In any other scenario, it is useless.
Are you going to trade a gold bar for a loaf of bread or can of beans? Please...
Wealth only matters in an orderly/civilized world. If there is a complete breakdown and chaos everywhere, money/gold/wealth is the LEAST of your worries.
Which is why I say ALL money is fiat. Even a metal. Gold has it's uses outside of wealth storage, but if you just want to survive food,fuel etc. are more important. What is of value here is not the decline of civil society but a decline in Keynsian money supply manipulation. Deflation is anti-matter to government control of money supply via manipulation. It becomes very evident with governments like the US and Greece that money is total shit when it has no governor on it's creation. And money supply can be created in Western countries by greedy ass banks who assign values to worthless synthetic trash with ZERO source asset value. When these instruments tank, money supply via Asset value collapses. DEFLATION
For a second there I thought i was the only guy on the island which is fine with me but welcome. I love to show up on the board where the title of the article has the word, 'gold'. It's like looking for sharks in bloody water in South Africa.
Amazing they believe most everything is a sham but gold, no way man, it's safe and it's going to protect my assets. It's so damn funny to me. My wife keeps asking me, 'hunny, what are you laughing at' because I'm literally laughing my ass off.
You wish you had time for a wife.
lol. I love the ad hominum attacks. If you saw my wife your knees would get weak. Again knowing the truth and knowing you will eventually prevail is all that matters you people are all worms. Some dope about is talking about a scale. You think there won't be fake pieces of gold? You're going to need more than a scale dumbass.
Oh fuck you, Trigger.....oh never mind.
you have a talking blow-up doll?
Having lived overseas much of my life, I can tell you this. When you didn't have the local currency, they took what they KNEW. They knew the U.S. Dollar and always preferred it often over their own. Taxi drivers and bartenders knew currency, risk, better than anyone. Their confidence is changing. If it hits the tipping point, they'll take and prefer gold and silver in my opinion, just because its the least common denominator, identifiable, and deeply ingrained. Almost every Asian I met, no matter what they did for a living knew the price of metals. I don't see any plausible replacement when currencies aren't stable, even if just temporary. Sometimes when you'd offer U.S. Dollar, they'd start to take it, hesitate, and get neurotic asking what else I had begrudgingly taking it. I'd know the dollar was weak that week. It was my first and ongoing lessons with currency. Before that, I never gave it a thought. Most of the world has lived with these thoughts their whole lives...experts. Almost every Asian I met who was "poor" (below average) had more gold than me.
Exactly. It's pretty common sense.
yipcarl hath shewn us his poor understanding of history. But wait, it doesn't matter because he's a troll.
Why give a leg up anyway. It's too late. They'll resent the prepared if they survive. Fuck 'em.
Rocky Raccoon!
Are you a gold salesman?? Just tell everyone you sell gold, I saw you post it last week in an attempt to earn some business on a blog, what a fool.
Come one Rock you might get some business I'm trying to help you! What you make about 15 bucks an ounce? LOLOL. I hope your're selling alot of them piker!!! hahahah
If you'll supply the link to where I was dealing precious metals I'll come out and play.
Otherwise, clean up mom's basement, you live like a pig.
Save the big guns for tomorrow, gold might drop like a rock and you can come on and gloat. Don't blow all your big lines today.
So your NOT a gold dealer? You said you deal in coins guy, now you're going lie?