Risk Off: Commodity Complex Jumps On Reports Libyan Oil Wells Near Benghazi On Fire

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Fri, 03/04/2011 - 10:47 | 1018358 Temporalist
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Silver well over $35.  Chart not showing for me.

Fri, 03/04/2011 - 10:49 | 1018366 Mr Lennon Hendrix
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Get monie!  Buy silver!  Snitchez!

Fri, 03/04/2011 - 11:46 | 1018677 High Plains Drifter
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Thanks chairsatan, you are the best thing to ever happen to gold and silver bugs. We love you because we know that you will continue mucking it up and nothing will ever be fixed. Again, thanks chairsatan for being the putz that you are.

Fri, 03/04/2011 - 10:57 | 1018381 SilverRhino
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35.21 and trending up at the moment.

EDIT: Oops ... 35.17 now ... looks like I hit the top ...

Fri, 03/04/2011 - 11:57 | 1018745 High Plains Drifter
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ratio also broke through heavy 41 ish resistance. interesting......

Fri, 03/04/2011 - 13:03 | 1019108 Temporalist
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Yes I was looking at that earlier this week.

Fri, 03/04/2011 - 10:53 | 1018383 NOTW777
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silver ripping - who junked u?

Fri, 03/04/2011 - 17:29 | 1020397 NOTW777
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LOL shorts are angry

Fri, 03/04/2011 - 10:48 | 1018359 Mr Lennon Hendrix
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King dollar!

Fri, 03/04/2011 - 10:50 | 1018373 Dixie Normous
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Exactly what I was thinking.  What in the world would have to burn for the dollar to catch a bid?

Fri, 03/04/2011 - 10:55 | 1018387 Eric Cartman
Eric Cartman's picture

The Fed?

Fri, 03/04/2011 - 10:59 | 1018431 EscapeKey
EscapeKey's picture

The Fed will buy Dollars... with freshly printed Dollars?

Fri, 03/04/2011 - 10:56 | 1018401 SilverRhino
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>> What in the world would have to burn for the dollar to catch a bid?

Beijing, Shanghai, Goungzhou, Taipei, Hong Kong, Macau ....

Fri, 03/04/2011 - 11:00 | 1018426 SWRichmond
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No worries. They're gonna raise rates any day now...at least, they keep saying they are.

Fri, 03/04/2011 - 11:59 | 1018750 High Plains Drifter
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Major American austerity. Then we would have anarchy, no?

Fri, 03/04/2011 - 12:49 | 1019040 SWRichmond
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Yes.  That is yet another reason why there will be no "Japan Scenario" for the U.S.  Too many in the dependency class.

Fri, 03/04/2011 - 14:02 | 1019396 slewie the pi-rat
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nice avatar, dixie.  hi.  you query: What in the world would have to burn for the dollar to catch a bid?

A:  The National "Debt"

Fri, 03/04/2011 - 14:16 | 1019473 slewie the pi-rat
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here's everybody's fave conspiracy theorist {the "World's Greatest" imo} on WHY "WE" must  burn the banksterz' fuking assets to the ground:

The Goldsmiths, Part CLXXXIII

and, WE will get the job done!!!

trust me.

Fri, 03/04/2011 - 10:48 | 1018365 the not so migh...
the not so mighty maximiza's picture

200 dollar oil here we come.  Thank god(obama) everyone is finding jobs again.

Fri, 03/04/2011 - 10:48 | 1018367 Triggernometry
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We don't need no water...

Fri, 03/04/2011 - 10:50 | 1018370 financeguru500
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I will put my bet on oil reach $130 within the next couple weeks.

Fri, 03/04/2011 - 10:49 | 1018375 Larry Darrell
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Glad I took that mileage re-imbursement check yesterday afternoon and BTFD in silver.


This has been insane for awhile, but the rate at which the elite are losing control is really starting to accelerate.

Fri, 03/04/2011 - 10:51 | 1018376 EscapeKey
EscapeKey's picture

What will happen to the 95% of the population who do not realise they are being lied to on a daily basis, once the realisation that they are being lied to sets in?

Fri, 03/04/2011 - 10:54 | 1018386 samsara
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What will happen to the 95% of the population....

Snatching Tiger Cubs and Cherished Delusions

The above short little narrative gives the clues.  

Get out of the way,  I would say.

Fri, 03/04/2011 - 10:55 | 1018392 Cash_is_Trash
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Egypt Part II

Fri, 03/04/2011 - 10:57 | 1018404 Cookie
Cookie's picture

That could take several generations

Fri, 03/04/2011 - 10:58 | 1018417 falardea
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Uh, duh.... Egypt, Tunisia, et. al.


Except they'll bring in the Canadians to quell the 'domestic terrorists'.

Fri, 03/04/2011 - 11:26 | 1018555 StychoKiller
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The Canadians brave enough to come will find themselves facing a rather large group of mangy mutts with .45ACP fangs!

Fri, 03/04/2011 - 10:52 | 1018377 99er
Fri, 03/04/2011 - 14:06 | 1019419 Zero Govt
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fingers crossed you're right... i've skin in the game and it's itching

Fri, 03/04/2011 - 10:53 | 1018380 MiningJunkie
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Just BTFD - Long live Zimbabwe!

Tinka Resources at $.45 silver in Peru last at $.445...

Fri, 03/04/2011 - 10:52 | 1018382 lsbumblebee
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This just in. Hugo Chavez has organized the first flotilla fire brigade. Captain Chavez and his crew have just crossed the Tropic of Cancer and are full speed ahead.  

Fri, 03/04/2011 - 10:54 | 1018384 TheGreatPonzi
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An angry and disgruntled deflationist is junking every post. 

Fri, 03/04/2011 - 10:54 | 1018389 AN0NYM0US
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disgruntled yes but I don't think Rosie is angry, just sad and a bit of a broken man

Fri, 03/04/2011 - 10:56 | 1018408 TheGreatPonzi
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Deflationists underestimated the folly and genocidal madness of governments and central banks. In fact, they thought the crisis was not so grave after all, and that the politico-banking cartel was going to accept impairments. 

Fri, 03/04/2011 - 11:06 | 1018455 Oh regional Indian
Oh regional Indian's picture

TGP, said deflationist is against the same wind the inflationists are.

Oil at 120 or over should be severely deflationary.

Money printing at whatever stratospherical rate should be severely inflationary.

But this is end game time and if you are on the leash, a yank-about (Ha!) is baked in.

This is just the beginning. 

Of the end I mean.



Fri, 03/04/2011 - 11:11 | 1018466 TheGreatPonzi
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Of course, we will have biflation (inflation in the vital sectors such as food and oil, deflation in the rest, until the point hyperinflation starts to scramble everything in nominal if the CBs continue to print). I was referring to the hardcore deflationists. 

Fri, 03/04/2011 - 11:22 | 1018539 MachoMan
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Even the "hardcore" deflationists sputter when hard pressed about what happens in a deflationary cycle to our ability to service our debt and, therefore, the ultimate faith in the currency...  either way, the dollar is toast.  The only disagreement lies in how we get there...

Fri, 03/04/2011 - 11:29 | 1018581 Oh regional Indian
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Indeed. Somehow, biflation always reads like a dirty word to me.


Fri, 03/04/2011 - 12:18 | 1018859 High Plains Drifter
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Former FED governor Lawrence Meyer , was on CNBC "The Call" and told Larry Krudblow that there would be no deflation, don't even talk about it, and don't worry about it.........

Fri, 03/04/2011 - 11:21 | 1018526 downrodeo
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haha, yes, well, somebody has to do it...

Fri, 03/04/2011 - 14:32 | 1019520 Zero Govt
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i'm a "hardcore deflationist" but i sure ain't "angry and disgruntled". Quite the opposite, more cock sure of deflation by the week!

You euphoric (a nice word for insane) inflationists need to understand 2 simple points;

i. Leveraged Credit (by retail bwankers) far outweighs and out guns Benny the Beans midget printing press. The Feds money doesn't amount to a hill of Benny Beans compared to the over-leveraged mountains of debt the retail banks have out there in the economy  

ii. the problem is DEBT or to put a finer point on it, unserviceable debt. You've seen what happens to unserviceable debt in the US property market. You're seeing it in the Muni and US States market. Both these are powerful deflationary forces sucking money (credit/debt) out of the economy

When the debt mountain implodes (see US property and local US Govt or European Govts) there is nothing and nobody that can do anything about it. It's 'Game Over' unless you can kick the can a bit further down the road.

Remember Benny the Bean jawboning about holding up the property bubble and supporting the mortgage market buying MBS's. How's he done? Fuking crap. How has the ECB's Trichet done with Ireland, Greece etc to "stop contagion"? More fuking crap.

Benny the Bean and Trichet the Twat has been printing for all the poor sods are worth and have zero effect on imploding property values or propping up bankrupt Govts. Midget Ben is too short and too small to support US property. Trichet is too puny and too stupid to stop contagion or do anything than hold of the 'End of Days' for a couple of years. 

So let's recap Gentlemen. The problem is debt. The debt outweighs and outguns Bennies and Trickeys printing machines.

This last gasp from the inflationary bull is going to get slaughtered and torn to shreds by the far bigger, harder and heavier deflationary bear. This will shortly be a 'No Contest' ...give it 6-12 months and all your inflationary bulls will be running for cover and nowhere to be seen  

Fri, 03/04/2011 - 16:23 | 1020043 TheGreatPonzi
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All these facts are known by inflationists, except that there is a physical limit to the amount of money that can be destroyed by defaults, and no physical limit to the amount of money that can be created by an electronic printing press. 

If the FED allowed real estate to deflate, it was to concentrate on reinflating equities, which are far more important to the economic "recovery". 

Besides, if deflation really takes hold, it will cause the restructuring of the US government debt, and the dollar will be ripped to shreds. Too. 

Fri, 03/04/2011 - 10:56 | 1018395 lieutenantjohnchard
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we need a quote from the fed economist who wrote the paper saying that rising oil was gdp stimulative.

Fri, 03/04/2011 - 12:19 | 1018872 High Plains Drifter
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Greenie said this morning on squawk box that higher oil prices are problematic.........well duh???

Fri, 03/04/2011 - 10:55 | 1018399 Caviar Emptor
Caviar Emptor's picture

Gold and silver surging. We're now below the November 2010 close on the Dollar Index, the near-term low. Next stop: 75.6, the intraday low. After that: the abyssssss........

Fri, 03/04/2011 - 10:59 | 1018420 financeguru500
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I think the dollar could handle going all the way down to 70 without anyone making any fuss over it. But if it goes below the $70 threshold, expect the news to be all over it.

Fri, 03/04/2011 - 11:09 | 1018465 Caviar Emptor
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Lol. You're being naive

Fri, 03/04/2011 - 11:15 | 1018501 financeguru500
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But I am also basing my view on 2008 when the dollar dropped to $73. I think there are certain numbers that just have a much stronger impact.

Gold @ 1500

Silver @ 50

Dollar @ 69

Oil @ 150


Those numbers are the impact numbers in which things start to get crazy.

Fri, 03/04/2011 - 11:25 | 1018546 Caviar Emptor
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The 2008 low came before $14 trillion in extra US liquidity, let alone global liquidity. So teh impact will get magnified. By what factor? Anyone's guess. Lots, I'm afraid. Try oil$250

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