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How You Know The Time For More QE Has Come
Yellen, we have a problem...
Bloomberg's Comfort Index for those earning over $75k suggests it's time for Yellen to "get back to work."
Chart: Bloomberg
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Does that mean that the retarded sheep (demoRATS) who make less than that still have confidence?
Ms. Yellen, let's get to work! Hey Let's get those printing presses spinning!!!
Yellen be 'illin http://www.youtube.com/watch?v=cwXCBykTG8Q
If LOW INCOME EARNER CONFIDENCE was also on the chart, the S&P500 would be right at 300 by now.
one thing is for sure, the $USD is on a fucking rocket going north and i dont have any idea why. makes no fucking sense
nirp in eurozone and Japan--some money flow to usd. Rather than spending.
USD is the best of the G7-no big deal;
Rouble and Yuan not exactly good either but they have a stockpile of gold that perhaps we do not have. Who knows with all this transparency floating around.
"USD is the best of the G7-no big deal"
Funny. "Here in the shit section, there is a choice of a few currencies......."
“$USD.. rocket going north”
..best looking nag in the glue factory
$USD is on a rip, and the metals are getting dumped... black is white and white is black
Yep- at least metals are relatively cheap right now. Get them while you can
CRB Index indicating a bit of a dip too: http://futures.tradingcharts.com/chart/RC/X
Stock markets to follow?
Just BTFD, we are a couple points from all time highs already so its free money.
Silver curently at $18.59. Look at the 5y and 10y charts:
http://silverprice.org/charts/history/silver_5_year_o_b_usd.png?0.190780...
http://silverprice.org/charts/history/silver_10_year_o_b_usd.png?0.15664...
We're back to 2010. Last time, they stopped the exponentiation towards its true relative dollar valuation. What do they got this time?
Yes, This economy needs you
Layoff List: http://www.dailyjobcuts.com
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The USD$ is the best looking horse at the dog food factory.
Empire looks weak. Will Hillary be the death of USD CONfidence?
Dear Leader still has 2.5 years remaining to directly destroy the US, plus various civil servants he has planted in government who will continue his destructive policies for decades to come.
Forward (over the cliff)!
Neede MOAR QE when their silk sheets get scratchy
Retarded sheep? Why blame the victims. I have no control over the FED. Neither do the lions. Yellen will do what she do do.
Hillary will be the dawn of a new cuntfidence.
Hey, it is all manipulated right? The very top is probably going to short the market for a controlled demolition. Now that stocks are going plaid and their brains are going into their feet, they are yelling for full stop.
I heard orange was the new black..?..
;)
Anyway..Tylers. .you forgot to say "in one chart".
is "in 1 chart" the new "1 more thing"?
This is important stuff.
QE will be needed to direct transfers to lower class and to keep everyone on the inflation treadmill. Pensions can run all they like to bonds/fixed indentures but that will not cover the gaping hole in their structures or drawdowns. Sooner rather than later, those mega pools of capital will be forced to invest in growth, or they will be chewed up in the bond bubble where yield (aka: cash flow growth) is not tenable anymore.
Everyone needs to get out and push to get the world economy back moving; that includes passive savers who think they can closet index their way to a Florida retirement home.
The bigger worry is how does this blowback alter tail risk & pension indexing to performance benchmarks when they are faced with the unconfortable truth that total productivity gains vs. inflation have ruined the worlds "cash cows" of real estate, and rent seeking/creaming margins.
And now? Back to Poundbreaking (sic)
They need to 'quit' QE, so they can start it again for another 5 or 6 years...next phase will be remarkably less effective than the remarkably ineffective first 5 years of it (QE1, 2, and 3)...and so we either go Japan's route, or we lose a handle and head into high/hyper infaltion..
Lets print up some more transparency, or find the next Belgium to do so.
Might want to lend out more of that gold as well. 3X is just not enough...
This, so much this. Sov. Default risk in Japan. Sov. Default risk in some members of the Eurozone that threaten to drag the solvent members down too. UK has risk of fragmentation (Scottish referendum). Sanctions on Russia. China in the dumps with massive credit bubble.
The entire world is going up in flames and the US is the best "worst case" scenario. When you are a hedge fund manager, or pension fund manager, or corporate business with a ton of cash assets where do you go? The USD.
This is another reason why the US market rally will (despite defying all logic) continue to rally. There is no where to go with big money that is less risky.
Maybe war is coming soon and the 'assholes in the know' knows that its a safe haven trade (even though we all know the USD is worthless) for the sheeps and its about to commence in a few days so they front run them?
USD is not worthless as long as sheeple keep giving me PM, food, and lapdances in exchange.
Commonsense and the market (especially this one) have nothing to do with each other.
Richard Russell often makes the point that astronomical levels of dollar-denominated debt in the world create a "synthetic short" in the USD. To pay off debt, the world has to buy dollars, and up she goes.
That damned burden of a global reserve currency again! Will we get no relief?
Well...apparently Detroit wasn't enough.
Next up Puerto Rico.
After that...who knows...
It makes perfect sense, when you realize that fiat currencies only have value in relation to each other.
When the value of one worthless piece of paper falls faster than another, the one falling slowest will "go up" in value.
Right now, that's the dollar.
Also, as other currencies collapse, many people purchase dollars and other US financial instruments, as they think of this as still being a "safe haven". So, sheeple will be herded into one single corner before the whole kitten kaboodle goes ka-boom.
Seppo $ is a debtor currency
Euro is not
Uh-huh, euro is a monetary union without a fiscal or a political union or bond market and that has exactly what percentage chance actually working? Oh, look, zero.
Could be due to dollar-denominated debt being liquidated faster than new debt can be issued to replace it. In that scenario demand for USD goes up so the value USD goes up in relation to other currencies.
Easy. You gotta remember that the FED and its minions are the only ones moving the markets. They, for whatever reason (and it one day will become apparent) have stopped smashing the dollar. Hence, the dollaro will rise. Should they one day decide to stop smashing gold and silver, they too will rise.
All of those litle numbers we see on our computer screen are not even reality. Reality will be the dollar not buying anything but still reading 84 on the USd index. Total control of everything.
Nothing has a free market price again, until the dolla dies. Paraphrasing Rocky Racoon some time ago. I mean the OLD SOVIET UNION had prices too.
"one thing is for sure, the $USD is on a fucking rocket going north and i dont have any idea why. makes no fucking sense"
Nope not on a rocket, everything else is just sinking real fast but dont worry our boat is bubbling a lot too.
True - and it would be in the best interests of those living in the U.S. who are used to and think their standard of living will be the way it has always been, to hope that northward 'trend' remains. For when it fails, well - the unwind will be somewhere around 10k RPM...
Global Deflation is winning would be my guess
For the record I hate repukelicans too....
You gotta respect a guy that doesn't discriminate...
Actually, discrimination, in its true sense, is a sign of intelligence, logic and reason.
Same with that other modern day "evil": Judgmentalism.
Personally I have never liked Republicrats or Demicians.
But, but R's are worse 'cause they rayciss, and dems aren't - they're good to the little people...! lol
it means they are nugatory
"Does that mean that the retarded sheep (demoRATS) who make less than that still have confidence?"
So what...you think only repubs make >$75K/yr?
Let go of the false red/blue paradigm.
Bullshit.
There is an enormous, core difference between Red and Blue. On nearly every issue.
Republicans and Democrats....not so much.
"Let go of the false red/blue paradigm." = quit hoping in the political 'process.' Economics will prevail, and then we'll be forced to get back into politics (when it's more or less defunded by necessity.) That will be an interesting period, when it does finally occur.
I've got a fever, and the only prescription is more QE!
Yes, moar droplets for the ebola winner.
What we hope people aspire to is an understanding that Dem vs Repub., Lib vs Con. is simply a division of the electorate play by those in control of ALL.
Keeping the electorate divided is in their best interest.
Hopefully you now understand the downvotes you received and will continue to receive if you continue to post misinformed political garbage.
If you think this is about political party, you are far, far to stupid to comment here. Sit back and learn, this isn't about party, it's about monied interests. You might be the only one left that doesn't understand that. I am afraid I am not being harsh enough, others should fill that gap. Please begin the pummeling!
I agree. But you called him "far to stupid". The level of stupidity in this world really is painful.
It might have been interesting if he typed 'near, near to stupid', though.
Quick Yellen, start printing! The goldbugs are getting nervous by trying to catch this falling knife BTFD, errr gold price! ;-)
p.s. I guess the Chinese took the week off from buying gold, hehehe.
As long as the public at large is selling gold & silver to the gold/silver shops the upward price appreciation in gold & siliver has not actually started. 2001/2011 Has indeed been just some first awakening dude.
But but but...I thought the price was MANIPULATED when it goes down? Are you telling me that supply and demand actually matter, or is that only when the price goes up?
Paper or Phyzz? Manipulation happens (fact) in the paper markets, and ultimately phyzz will prevail on many levels, including price.
You realize "red" states get the most gubmint cheese, yeah? Anyways, screw your red/blue noise. And you.
Hyperinflation feels gooood....at first.
Nope, it's going to be deflationary. Hence all the "excess liquidity" provided by the central banks and the strong dollar. Gold will continue it's losing streak, this hurts the fringe "royal libertarians" and the foreign central bansk who keep stacking shiney trinkets. Smart money exits first and pick it all back up for pennies on the dollar.
It's deflationary in the beginning. The first event is a sudden deflationary shock where all the debt is wiped out in mass defaults.
The "excess liquidity" becomes hyper inflationary, and in a few weeks you wake up a billionaire.
A billionaire who cannot afford a loaf of bread.
I remember reading somewhere that during the US Civil War during a time of great necessities mustard was considered a great extravagance, and those who had any could trade small amounts for just about anything. Makes you wonder....
I have stockpiles of Midol, Pamprin, and pads: I'm gonna be a rich dude when the shit storm arrives. ;)
Maybe not rich, but well serviced (which may be better).
Think xmas sale a wal mart. I wouldn't want to be him.
I tend to agree. There is no money to be made in this stock market at these levels, so there has to be a crash with a buy low opportunity to maximaize margins. If we all agree this is planned, then that plan gives the insiders the most profit and least risk.
IMO, it will be deflationary, then hyperinfaltionary. But I'm not going to play in the markets. If I can hold it in my hands, it's either mine of it belongs to a friend or a family member. Fuck everything else.
Well you can hold a stock certificate in your hand. Just saying.
And that can get wiped out in a heartbeat. If I don't hold the physical resources of the company in my hand, what good is the paper? That's not to say that ownership in a company is necessarily a bad thing, but the way things are today, it's all paper. Might as well be toilet paper.
When the government is forced to mandate green energy there should be some prime investment opportunities. However, the timing of that is pretty much undecipherable right now. However, a small investment for your offspring or grandkids might just turn out to be the best present you ever gave them.
I didn't get the impression that your comment warranted all of that junking. I suppose I should be more specific and say that it is things of real value that you should physically hold. Our concept of value today is fucked up.
If a user mentions stocks in any way that suggests they're not absolutely worthless, the comment gets junked. That is the nature of ZH and the emotional, bunker-dwelling-man-babies who post here. But I agree with you that inhand is best. But for commodoties that the corporations (i.e. stocks) own and produce, that is nearly impossible. For example, I would rather own the oil that Shell produces than Shell stock, but I have nowhere to store even 1 barrell. So maybe Shell (preferred) stock is the thing to buy in that case. Yes, it can go to zero. It can go anywhere. But you have to pick your battles, and if it's hyperinflation that you fear a stock is better than cash, imo. My question is this:
To have hyperinflation, we need high velocity. In what scenario would banks lend to enough people that velocity gets so high we have hyperinflation? i.e. where are the good borrowers going to come from to get all the reserves out of the coffers? Banks can't find anyone to lend to right now, which is why they're speculating so much. Some of that speculation does trigger inflation, but not to the point of hyperinflation.
There are two mechanisms that I see coming into play here:
A deflationary crunch causes the Fed to go plaid.
All of those foreign held FRNs come flooding back to the country when people quit using the dollar as a means of settling international trade.
But yes, what you can hold vs what you should hold is fucked up, just like our current concept of value.
All of those foreign held FRNs come flooding back to the country when people quit using the dollar as a means of settling international trade.
That's the only mechanism I can see triggering it, too. I don't see how it gets triggered through bank loans or any type of credit because we simply don't have the jobs/middle class borrowers to support that. Even at the height of the housing bubble when the middle class did have equity and credit, we still did not near a hyperinflation. So even if we get subprime again (and it looks like we will have to given housing is down lately), the inflation is only in specific assets. To have it broad across all assets, I'd think, would require dollars to come flooding back to the U.S. I.e. we lose reserve status. The ZH articles about countries bypassing (or trying to bypass) the dollar are the most interesting ones.
To me, gold represents good collateral. If everyone holds debt, and I own credit/collateral (gold), then I'm better off. Nothing more than that.
Government deficit spending via the Fed going plaid is another option for FRNs (digital or physical, it matters not) to leak into the economy.
"where are the good borrowers going to come from"
Who says they have to be good borrowers...? If Congress ever figures out that they can control lending (think all those liar loans), they might fire up that type of program again. Sheep happy, they get re-elected, wash, rinse, repeat...
just saying...
I guess but we had several subprimes play out without hyperinflation.
Can't we all just get a $100k tax refund and go spend it?
If you do have stocks, you probably should hold those certs in your hand. Things on banker books and in the banking system tend to not actually exist. That is all things, not just gold.
Since when can you hold the stock certificate in your hand?
I tried to take delivery of stock certificates and my broker-dealer looked like a deer in the headlights.
After months I gave up.
Soon you won't be allowed to hold FR Notes in your hand.
You should re-evaluate your priorities. Access to fresh water, food, shelter....etc. Gold because you can "hold it in your hands" is rather short sighted.
I have access to fresh water, shelter, etc... I can hold them in my hands, or at least as well as one can hold water. By October, I'll have enough seed to plant dozens of acres. I can hold them in my hands too. I have silver, but I don't have any gold. I also have lead.
Planting in October...?
You had better move to the southern hemisphere or take a quick class in farming. ;-)
1) I am planting fall crops this month. Lettuce, spinach, mustard, brassicas, etc... Stuff that handles cool weather and/or overwinters.
2) Some things that were planted in late spring/early summer are just now starting to mature. This will continue into october. I've already harvested all of my seed for corn, summer squash, chard, onion (those are biennial, FYI,) and have partially harvested seed for chile and beets. I have tons of carrot, lettuce and bean, both dry and green seeds, and more are inbound. My winter squash are just getting started on maturity, and I've only had one melon plant produce mature melons, with several just getting revved up. And I'm sure I've forgotten a bunch of shit, like the three heat resistant kohlrabi that will be producing seed next spring/early summer.
Me and the Mrs. ate more chard last night than any person has a right to..., and that ain't cheap at the farmers market.
Go chard...! (and kohlrabi)
Rainbow chard makes an outstanding colcannon with steamed Yukon Golds. It grows really well in NE, so I've never bought it.
How/where did you buy your land, and what State? I really need to add land. It's the one thing I'm missing in my preps/investments. Can't seem to find anything that's right.
It's been in the family for a long time, and it's in NM. We have a long growing season for the contential US (yeah, parts of California, AZ and the south are longer, but we beat the hell out of New England,) You can start planting things that you would use for fall crops as early as Feb 15 and while frost has been seen in Sept, we typically don't see a first frost until the middle or end of October. The sun beats the shit out things here though. The other thing is that either you fit in here, or you don't. If you do, you'll love it. If you don't, well, you'll hate it.
Spent many years on the Colorado New Mexico border..., which side exactly can still be debated. You are correct, things grow like crazy as long as you have access to aqua...
Stuff that does well with abuse or neglect here is tougher than hell in a survival sense though. Look up tepary beans. For a while this year, I held off on the agua long enough for the weeds to start getting stressed and the beans were fine. Then, I started watering once every week or two, and holy shit, did those things produce. 100-200 pods per plant. You can easily get a 300-500 fold return for every bean that sprouts. They bring a whole new meaning to drought tolerant, and they taste good too.
" I held off on the agua long enough for the weeds to start getting stressed and the beans were fine. Then, I started watering once every week or two, and holy shit, did those things produce. "
I've learned something today...
I've always had good interactions with these people for buying seed:
http://shop.nativeseeds.org/collections/tepary-beans
And I got my initial seed from these guys:
http://www.plantsofthesouthwest.com/Sonoran-Tepary-Bean/productinfo/V6054/
I've been into one of their physical brick'n mortar shops several times, and they're good people.
Something else to learn:
http://garlicseed.blogspot.com/p/growing-garlic-from-true-seed.html
I managed to get around 30 seeds this year. According to people actually doing this stuff, planting the first year seed in the fall and letting it overwinter does just as well if not better than the bleach and 'fridge treatment.
thanks for the sites...
i am going to try garlic this fall
I wouldn't think the soils in NM could support good crops. Not just the lack of water but the lack of organic matter, etc. I guess you really have to work it?
I'm in California, and it sucks balls. Can't afford any land, have very few rights, etc. Need to get out. But I'm having a hard time finding good land.
I'm in S FL where the soil totally sucks but chicken shit works wonders.
NM has some very shitty land and some very good land for crops. If you are near a constant source of water, with or without rain, the land is probably good. Otherwise, you have to work it like hell, or let it be gamagrass and scrub that does well with heat and dryness to graze quadrapeds on it.
You can build good soil or just ship some in.
i lived out west (az) and to me there is nothing better then green chili from New Mexico
we would go to new mexico to get our chili....
right now i am in cold state minnesota and i order my chili from new mexico
I usually get the Hatch brand...
in some cold states ppl plant perennials (rhubarb, garlic, asparagus...raspberries, etc...) around sept oct
These kind of plants need a long cold weather sleep to come back to life....in the spring.
Annuals like tomatoes need to be planted in the spring..
Here come the cascade of downvotes from the desperat eRoyal Libertarian fringe with multiple accounts who are all in on gold because they don't trust nobody because the internets said so. Go buy one way tickets to Galts Gulch Chile and leave it to the rest of us to fix 'merica ok.
not from moi
You are correct
QE is disinflationary ... and will end up deflationary (when asset bubble bursts)
Bell's Two Hearted is the best beer ever on tap. I've fished the river, too. The picture on the bottle isn't a dream.
22 acres of land in Michigan, where you are never more than 5 miles away from a source of fresh water.......
I tend to agree that in the end deflation wins this war. But in the event I am wrong which I can be, its not a bad idea to have a little bit of physicals.
So, what should students with student loans do at this juncture? Try to pay it off as soon as possible or just pay the minimum? Sorry for the silly question but I don't I am just starting out and I can't figure it out yet. Thank you.
So, what should students with student loans do at this juncture? Try to pay it off as soon as possible or just pay the minimum? Sorry for the silly question but I don't I am just starting out and I can't figure it out yet. Thank you.
I'm not against holding gold, in fact I think it's good. I just have limited resources and have to make choices. If you can survive without functioning modern infrastructure and can afford it, you should hold some physical gold.
You assume a lot there pal. Insecurity issues?
It was Economics 101 that told me to hold tangible assets like gold in a time of massive money printing, not "the internets".
Go buy some anti-psychotic meds and shoot up a school, ok.
What are you talking about? Your side has been "fixing" America for the longest time. You think it's working?
No the saying goes, "Congress is not broken, it's fixed"...fixed like Vegas does the NFL.
Funny AND true but you were implying blame on the preppers for the current mess this country was in and that if the preppers left for Chile, you could "fix 'Merica". Maybe I misunderstood something.
Not preppers, just the royal libertarian dupes who profess that gold backed currency would be an improvement on the neo-feudalist ambitions of the money changers. I felt that the Chilean lreal estate scam with reference to an Ayn Rand novel was humorous.
Ok, I get you now. Doesn't have to be gold backed but should be backed by something finite and tangible rather than something that nobody can account for anymore and allows the elite to live an absolute disgraceful and wasteful high life without regard for anyone else.
THEY print the money into oblivion that WE all have to accept as payment and THEY print more to take more from US!
Revolutions were started for less.
Please give us your POAM (plan of action and milestones) on fixing America. I am intreagued.
Let it crash to fully awaken the sheeple, then rebuild. But you've gotta survive along the way.
I was hoping for more blood and guts, especially among a financial ruling class.
There'll be blood and guts in a crash scenario. None will be left unscathed.
Your scenario is close to accurate to what the PTB hope to accomplish in a Neo-Feudalist reset. Remember, divided we fall. The herd is very easy to turn against itself.
A return to a tax system based solely on land use and a return to very restrictive charters of corporations. Individuals are entitled to the full return of their labor and productivity; however, as that labor is applied to land, the commons, all taxes are derived to support very limited federal and state goverments. Geolibertarian referenses: John Locke, Henry George(Georgism), Thomas Jefferson, Adam Smith, James and John Stuart Mill..etc.
Cue the red herring, "communist" accusation from troll accounts. He said Commons!
If we're going to have a state, (which I think is inevetable, but that's another discussion,) taxes should be based solely on consumption and waste, and the people who determine the taxes and collect the taxes should have their throats within reach of the people that they're taxing.
I rarely say this but calm down.. If your points have merit they will be debated and probably thrashed out. Your preemptive strikes on folks who rely on 2k years of history regarding fianncial systems are not your enemy..
I dunno - I kinda thought the downvotes were because you do such an awesome imitation of vinegar & water in a squeeze bulb. Here's some learnin' Gomer. Folks around here have studied the issue way more than you, and know what to expect in a final debt deflation. I said final, cuz I can cipher. If'n you don't think a currency repudiation can follow a crack up boom, then there just ain't no talking to yer big brain. Good luck with them thar stawks, just remember that some things are way easier to "reset" then others, specially when the hand is called and it's time to show.
https://www.youtube.com/watch?v=X_a_yfWlgaE
I hope all you say is true since the miners will go under big time and mines will shut down and then the following rally will be to the moon. I have many years of patience.
the very definition of inflation is money printing, which is what the .gov is doing....there can be no deflation using the correct definition, you are confused or a compete idtiot....the .gov not has not contracted the money supply and never will again.....the system can not contiune without constant expansion of the money supply...you are a fucktard
Define your terms - what is "money supply" ?
The correct way to define "money supply" is cash PLUS credit. And, there are tens of trillions of dollars more in credit than there is in cash.
Hence, when loans default, it's a highly deflationary event because of the leverage involved.
Unless the government wants to print non-debt money in the tens of trillions, there can be no inflation - hyper or otherwise - until after credit is destroyed.
For one thing there is 17 trillion or more dollars over seas....people are "hoarding" currency here in the US...once people start losing confidence, watch out.....when QE is annouced or somethign like it....get ready for the hurt.....You are already seeing hyperinflation in certain asstet classes...fine art, classic cars, high end homes, hell even shit homes, sports teams...it's already begining....I have a rare Saleen Mustang and even that is going up....
Right, it's the difference between debt entries and credit. Then there is the whole lack of printed currency, 1% of all the outstanidng credit entries. I just got rid of my matteress and threw my fitted sheet over stacks of franklins in my RV. Don't bother asking about my address becasue I move to a new campground every night. Cash is king baby!
Reading comprehension is not one of your strong suits....must be that liberal edumacation....some will never learn
I wasn't responding to you or your rapidly depreciating Ford Mustang liability. I was talking about the health benefits to sleeping on piles of cash. One really needs to individually wrap stacks of 10,000 up tight and then bundle 100,000's and so on, the key is too keep your core supported above the hips for good blood flow. I get good sleep.
I feel like Scrooge Mcduck and I sleep with real money, not paper that will burn. That saleen is paid off and so is every other car I have....I have no debt....I'm doing better than good, thanks.
Actually it's inflationary depression. Shrinking economy with massive currency printing (QE). Econ 101 stuff. Maybe 102. I forget.
End result is hyperinflation then currency collapse (when everyone loses confidence in the currency).
Just my 2 cents here. You SHOULD be correct there that deflation will result from a massive writedown of financial obligations. But these guys in charge never seem to let anyone recognize a loss that could begin clearing the system. It is just as possible that hyper-inflation might precede the deflation if they continue on the path of printing money to prevent the loss recognition.
Just like right after you fix for the first time. Yeah, like happiness crawling all up in my veins!!!!!
Get back to work bitchez! This thing's gotta blow!
Like Obama blows Reggie, and coke.
Fuck you, Obama! Fuck you, Yellen!
Billionaire investor Warren Buffett called U.S. Senator Orrin Hatch to gauge Congress's direction on curbing tax inversions, the senator said today...
Warren wants to make sure he will still be able to pay his fair share
He needs to find whether are not to relocate ahead of the rush.
That bitch sprays more than a horny old tom cat.
...meanwhile.... silver gets taken to the slaughter house today.
I hear you. Medium term support level. It better hold or it's gonna get bumpy baby Jesus.
Of course paper silver will run support. It is a number on a screen and there are stops to tick. They didn't spend the last month running their FOREX algos at full speed just to leave it here. In fact, it should have hit those stops already. I am not sure what is holding the paper up.
hope that shit gets wacked back to January 2009 levels...I will go all in at that point. disclaimer: "physical" that is. like the tromp yo ass up to the coin shop kind.
waiting, cash in hand ready to deploy my armies of shoppers to the bullion and coin stores
This is the analogue of those who believe they will get out of the stawk market when it finally goes south.
The truth is, by then it will be too late.
maybe I am not understanding...you would rather buy silver at $18.50 ( @ current) vs $12.50 (2009 price)? Nobody knows what this rigged market is going to do...so lets hear a suggestion for the game play and timeline and when to go in and out. Like I said..I may just be misunderstanding you.