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Stocks & Oil Jump, Bonds & Bullion Dump
The confusion reigns. The USD (aside from against the EUR) is bid and Treasuries are being sold along with precious metals in a continuation of yesterday's taper-tantrum. However, stocks (and crude oil) are surging. As JPY's implosion of moar QE from Japan expectations lift carry traders back from the grave.
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Yes, questions!
crude will drop sharply, shortly.
As I type this silver is at 19.84.
The dollar has been overvalued for far too long, expected. However, exchanging one fiat for another accomplishes nothing.
I hope everyone has gotten physical and has their tribe in order. It will be every person for themselves shortly. A world caste system and new era of robber barons is upon us.
Don't get me wrong, lots of opportunities when people start acting this stupid.
At least Platinum is staying strong. It's hard to beat something lower than its marginal cost of production.
I've always wondered how anybody stays in business when their revenues don't cover their costs. I certainly can't do that. Perhaps I need a better lobby.
Meh, fuck em and roll the motherfucking guillotines already.
That's what being publicly traded is for. As long as your stock is going up, you can always fund your business by creating more shares for sale.
The madhouse continues unabated as bullion flows East
that is and will be the trend.
http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WARE...
It's amazing. Holding physical Gold, protects you from any pain of watching the manipulation of paper Gold price. I'm actually rooting to see zero before Christmas.
oh, yeah, this all makes perfect sense?!?
PMs have not made sense all year. And will make even less sense as we end the year.
Not if COMEX runs out of phyzz in early December, which is quite possible. Then, and only then, will we have gold prices that make sense. Pop your corn now kiddies, things are about to get real interesting.
with leverage at all time highs and net "cash" at all time lows, this charade is going to come to a grinding halt pretty quickly. i wouldnt want to be long anything. is it possible to take out life insurance on ES traders working on wall st? i'd like to get me some of that before people start jumping....
I'm long my spank bank of porn clips on the iPad.
dudes, ladies, genteladies ... just relax and hold on to the phyz. Capische? Keep your eyes on the horizon, the sun is setting in the west ...
Amen. You'll know when this is the "Event Horizon" when you next see a US Prez on your now HD TV speaking and he/she happens to mention something something "Gold"...something something "Silver" something something "Stabilitee". Last times those words were uttered by a sitting Prez for national display were 1933, 1971...20( )???
2015 Bulls, strap in for a long drawn out sideways draw down.
So it looks like we're heading sub 1100.
We then lose 45-60% of global gold production and the gld is tapped out.
What then?
As a substantial shareholder, I meet with the MD of an all in sub 900per/oz producer tomorrow morning. We will discuss this.
Is 1100 breaking point? Will shanghai pay 1300?
Not yet, but you see where this may go.
Lights out comex, Lbma?
Bit rusty, sorry
LOOK at the premium on physical silver now. wow. https://comparesilverprices.com/#
The magic 3% yield on the 10Y is fast approaching...