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Ben Bernanke Is Indeed A Gold Bug's Best Friend

Tyler Durden's picture





 

A week ago, we asked (rhetorically), whether "Bernanke Has Become A Gold Bug's Best Friend?" While we knew the answer, today's reponse by the market confirms it. Beginning just before 10 am, or the moment Ben's prepared remarks went off embargo, gold and silver have been on a relentless tear (chart 1), with Gold passing $1760/ounce and now just $150 from its all time nominal highs. And while risk is on elsewhere, stocks priced in gold are down 0.9% since their highs yesterday and at their lows in real terms (chart 2), even as they hit new nominal highs, confirming that fear of the coming monetary tsunami will benefit precious metals. So while the lemmings focus on meaningless nominal gains, their real purchasing power just lost another 1%. Thank you Chairsatan - you are a good man.

Gold and Silver since Bernanke speech began:

And ES priced in Gold since yesterday:

 


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Thu, 02/02/2012 - 12:08 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Let's just hope he gets reappointed.

Thu, 02/02/2012 - 12:19 | Link to Comment fonestar
fonestar's picture

Where are the deflationist morons now, saying gold back to $300/oz and silver back to $5/oz?  Where are you?  Roubini... was that you?

Thu, 02/02/2012 - 12:19 | Link to Comment Silver Bug
Silver Bug's picture

I'm sure he's beginning to understand that the best way to devalue the dollar is against gold. If you try to devalue your currency vs the yen or the euro, etc, then they just devalue after you do and it becomes moot. Hold on to your gold.

 

http://ericsprott.blogspot.com/

Thu, 02/02/2012 - 12:29 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Precious Metals just 'friended' The Bernank on sitonmyfacebook

Thu, 02/02/2012 - 13:14 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Sipping Coffee with Ben Bernanke

Uhm, good afternoon, and, uh, welcome to Sipping Coffee, with me, Ben Bernanke.  Today, uh, we will visit the, uhm, Mariner Eccles Building, where the Board of Governers swim in pools of gold left over from when the great FDR stole it from, uh, uh, Americans in the name of Patriotism.  We also take a look at, uh, the basement furnace, where we shovel dollars into the fire to keep, uh, uhm, uh, in-inflation from getting out of hand.  But first a word from our, uh, sponsers....

[A voice booms from the loudspeakers]

Bow down to Ba'al!!!!!

Yes, Ba'al, my, uh, favorite Dark Lord.

[Bernanke looks down at the floor, raises his hand, and makes a hook 'em longhorns hand gesture]

Every month the, uh, Board gets together to, uhm, party like it's 1913.  We swim in, uh, uhm, gold coins and make pinatas out of, uh, hundred dollar bills.  This is my favorite time of the month as I get to see my, uh, friends and discuss, uh, m-m-monetary p-policy and what we should do next with our trillions of, uh, dollars of liabilities....

[Ron Paul steps onto the set, strapped with machine gun]

Not so fast Bernanke!  How are you balancing the liabilities on your balance sheet!

[Bernanke picks up his coffee mug]

Uhm, with tradition and pixie dust.

[He sips his coffee]

Thu, 02/02/2012 - 12:31 | Link to Comment Oh regional Indian
Oh regional Indian's picture

As long as the DXY is heavily manipulated via the Yen, Gold price in dollears can be played endlessly. That Yen carry trade is the Elephant in the living room of commodity speculation. The great 10 year Gold Rush financed by the Great 10 year Yen Carry Trade.

ori

/50th-anniversary-remembering-4th-february

Thu, 02/02/2012 - 12:35 | Link to Comment spiral_eyes
spiral_eyes's picture

The only real way to measure the long term trends in the US economy is priced in gold:

http://azizonomics.com/2011/09/06/america-priced-in-gold/ 

Also, China might well be the REAL goldbug's best friend. This MSNBC article is hilarious. The PBOC state DIRECTLY why they are buying gold and the article just assumed that their stated reason is wrong (because, you know, what could be better for hedging risk than paper with a massive counter-party exposure?) and that instead it might well be because they are trying to offload all their non-income-producing gold, and get into "real-income producing assets" like the US Treasury

http://www.msnbc.msn.com/id/46205510/ns/business-world_business/t/china-goes-gold-binge-world-wonders-why/#.Tyiru-O2-wI 

Thu, 02/02/2012 - 12:56 | Link to Comment Missiondweller
Missiondweller's picture

Wow, the author is stunningly stupid.

Thu, 02/02/2012 - 12:36 | Link to Comment fonestar
fonestar's picture

I just want silver to at least go to 1/30 or 1/25th an ounce of gold.  Maybe then I can buy something else for a change...

Thu, 02/02/2012 - 14:07 | Link to Comment BeerBrewer09
BeerBrewer09's picture

Times of plenty for us silver bugs. Keep buying and be patient!

Thu, 02/02/2012 - 14:28 | Link to Comment KingdomKum
KingdomKum's picture

We few, we happy few, we band of silver holders  !

Thu, 02/02/2012 - 12:33 | Link to Comment midtowng
midtowng's picture

The deflationists would be right if it wasn't for the Central Banks.

Of course that's the same as saying if I didn't grow old I might live forever.

Thu, 02/02/2012 - 17:30 | Link to Comment akak
akak's picture

Deflationists, HA!  Still sailing the world's oceans of paper and red ink in the USS Futility, led by Captain Douchinger and Admiral Prechtologist, cluelessly searching in vain for the edge of the flat earth and the infamous (but never before seen) deap-sea-dwelling monster of appreciating fiat currency.  Meanwhile, the crew grows ever weaker due to the scurvy of currency depreciation, all the while blaming it on flagging "animal spirits", and attempt to cure themselves with Keynesian bloodletting inflicted with the knife of ZIRP while simultaneously chanting "all debt is equal to money"

Thu, 02/02/2012 - 12:34 | Link to Comment Zadok
Zadok's picture

In honor of the new year, updated charts from the decoupling of the USD from the Gold Standard.

http://i1140.photobucket.com/albums/n579/bearasaur/January%20Census%20Da...

My personal Silver year 2012 target is about $60

http://i1140.photobucket.com/albums/n579/bearasaur/January%20Census%20Da...

Gold target for 2012 is about $2100.

These are trailing indicators, valid as long as the can-kicking continues.  When the dam breaks, these become invalid...

Until that time, best wishes.

Zadok

Thu, 02/02/2012 - 15:35 | Link to Comment BoNeSxxx
BoNeSxxx's picture

All currencies are flat today but money is soundly up.

I plan on rolling around in mine when I get home tonight.  Well, at least that's what I would do had in not fallen into the lake by accident some time ago...

Thu, 02/02/2012 - 12:34 | Link to Comment midtowng
midtowng's picture

Bernanke isn't doing any of us any favors. Those gains you are getting are in nominal dollars.

Thu, 02/02/2012 - 12:55 | Link to Comment mattu13048
mattu13048's picture

Armada Markets just sent out a note that they shorted gold futures today.

Thu, 02/02/2012 - 14:18 | Link to Comment Dr.Vannostrand
Dr.Vannostrand's picture

Come on man, just make your comment and pimp the link below a la Snakeyes. This is getting old. And yes, I did down vote you, just like on every other thread.

Thu, 02/02/2012 - 14:16 | Link to Comment AldoHux_IV
AldoHux_IV's picture

Whether it's him or someone else, the path is already set. Let's not confuse his worthiness and the price of gold b/c it's the actions of all central planners that will create a disastrous outcome and invariably a new valuation in PM's along with other assets... it may not be so correlated at that point.

Thu, 02/02/2012 - 12:08 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Ben Bernanke Is Indeed A Gold Bug's Best Friend

So is Dallas Fed president Richard Fisher

Richard Fisher, president of the Dallas Fed, is one of the richest of the 12. He accrued a portfolio of at least $21 million after working 22 years in the financial industry as a banker, stock broker and hedge fund manager.

Fisher owns more than 7,000 acres in Texas, Georgia, Iowa and Missouri, in addition to more than $1 million in SPDR's Gold Trust, and at least $50,000 in platinum and uranium each.

http://money.cnn.com/2012/02/02/news/economy/federal_reserve_stocks/index.htm?iid=HP_LN

Thu, 02/02/2012 - 12:23 | Link to Comment Dr. Engali
Dr. Engali's picture

 My question is why would he let anybody know that? Is he sending a signal?

Thu, 02/02/2012 - 12:41 | Link to Comment Quintus
Quintus's picture

He is obliged to disclose details of his investments.

Thu, 02/02/2012 - 12:44 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Yeah, but he hasn't disclosed where his fizz is buried.

Thu, 02/02/2012 - 12:09 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Traditional barbarous relic that isn’t money.

Thu, 02/02/2012 - 12:16 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

 If such a barbarous relic, then why are so many countries buying up so much physical? Ahh Yes. The world is awash in barbarians! I AM SPARTACUS!

Thu, 02/02/2012 - 12:09 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Real question is how close is he and the Fed to fessing up to the truth that the barbarous relic thing was just a lie.  Ben's his own (and only) friend, and he knows eventually this is going to boil down to who holds the Au.

Thu, 02/02/2012 - 12:21 | Link to Comment jekyll island
jekyll island's picture

OK, let's review.  The comment about the barbarous relic refers to the gold standard for fiat currencies, not gold itself.  The way the politicians and banksters starting way before Tricky Dick have manipulated prices and screwed the public that I have to agree with that statement at least on some levels.  The real barbarous relic is fiat currency regardless of any standard to which it may be linked, but hasn't that been proven 15 times over already?  

 

 

Thu, 02/02/2012 - 12:30 | Link to Comment mayhem_korner
mayhem_korner's picture

 gold standard for fiat currencies, not gold itself.

 

What is a "gold standard for fiat currency"?  Isn't that a contradiction?  A gold standard backs the "currency" with a physical asset; fiat currency backs the "currency" with a promise (e.g., full faith and credit).  Whittle through the algebra, and in a gold standard gold is money.  Ben knows that, but his charter (for now) is to sustain the lie.  Eventually, he and the Fed are going to run for the exits, but until then he needs to keep the theater full of patrons.

I think we agree.

Thu, 02/02/2012 - 12:09 | Link to Comment Newsboy
Newsboy's picture

Spend those diluted FRNs on something you need, soon...

Thu, 02/02/2012 - 12:09 | Link to Comment The Axe
The Axe's picture

yes, ben is a goldbug BFF     but he is raising all boats....the FED controlled market moves ever higher and higher.....

Thu, 02/02/2012 - 12:15 | Link to Comment SheepDog-One
SheepDog-One's picture

Problem is, stocks are only worth the advertised value upon completion of a sell order. Until then its all just a theoretical value, which can be worth -0- tomorrow morning.

Equity holders prayer every nite is to please not let any sellers of size suddenly show up.

Thu, 02/02/2012 - 12:11 | Link to Comment RobotTrader
RobotTrader's picture

Gold $2,500 = Dow 15,000

 

SPY is now getting ready to charge to new highs in many foreign currencies

http://stockcharts.com/freecharts/candleglance.html?$spx:FXE,$spx:FXY,$spx:FXC,$spx:FXS,$spx:FXA,$spx:FXM,$spx:FXB,$spx:FXF|D

 

Gold is doing the same, but lagging a little:

http://stockcharts.com/freecharts/candleglance.html?GLD:FXE,GLD:FXY,GLD:...|D

 

Thu, 02/02/2012 - 12:19 | Link to Comment mayhem_korner
mayhem_korner's picture

Gold $2,500 = Dow 15,000

 

So you're saying that the Dow will fall another 40% priced in gold?   Before the Dow bubble bursts, I presume.

I'll give it a "plausible."  :D

Thu, 02/02/2012 - 17:42 | Link to Comment akak
akak's picture

Don't try to confuse RobotTard with the concept of "nominal" vs. "real" --- he is nowhere near being up to the intellectual challenge.

Hey RobotShitforbrains, why can't you EVER respond to anyone here?  Are you THAT much of a coward --- or is the idea of having to actually defend your stock-pimping trolling just too much for you?

Thu, 02/02/2012 - 12:32 | Link to Comment SheepDog-One
SheepDog-One's picture

And just think, this expert Robo called the top at $900 and sold. What a dick.

Thu, 02/02/2012 - 12:37 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

You need to be kinder to the logic-challenged counterparties, sheep.  We need them to part with the undervalued and sop up the junk.

Thu, 02/02/2012 - 12:43 | Link to Comment Smiddywesson
Smiddywesson's picture

Gold just broke strongly above the $1750 level and we break out the sock puppets tp spice up the conversation?

OK, I'll bite.  Yes Robo, you are absolutely right.  If they print, and continue to debase the currency, the Dow will go to the moon along with the price of gold because stocks are denominated in those debased dollars.

Ex: Weimar Germany, Oct. 1922-Oct. 1923, stocks up 2700%  Of course, with the currency destroyed, you couldn't buy much with those "profits."

Of course, they could always let go of stocks and see if they fall to their natural level first, but we all know they won't do that.

Thu, 02/02/2012 - 12:11 | Link to Comment yabyum
yabyum's picture

1740 for gold and 34.00 for silver were real celings. Looks as if were are over that little hurdle. Keep on stackin'

Thu, 02/02/2012 - 12:22 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Au and Ag up on Bensquawk, but copper down.  Is the market showing signs of logic?  And will it last past the 3pm smackdown-rumor hour?

Thu, 02/02/2012 - 12:11 | Link to Comment vegas
vegas's picture

He's a gold bugs best friend until he isn't. I'm certain he will do or say something in the minutes, hours, or days ahead that will allow his buds over at HSBC & Morgan to profit on the short side. You realize, he just can't abandon them - although I hope I live long enough to see just that.

 

http://vegasxau.blogspot.com

Thu, 02/02/2012 - 12:16 | Link to Comment user2011
user2011's picture

Well.... I think it is about time margin on gold will be raised.   They raise the margin on oil to stop it from going up.  It is about time for the gold. and of course silver.

Thu, 02/02/2012 - 12:30 | Link to Comment tekhneek
tekhneek's picture

Go right ahead. That can only go so far and then what?

 

Thu, 02/02/2012 - 12:54 | Link to Comment HoofHearted
HoofHearted's picture

Cash and carry, Blythe baby. I recommend it.

Thu, 02/02/2012 - 12:17 | Link to Comment tmosley
tmosley's picture

Somehow I am reminded of Fun with Dick and Jane: http://www.youtube.com/watch?v=rdf-jKsKA9k

Thu, 02/02/2012 - 12:19 | Link to Comment Lore
Lore's picture

Bernanke is a good stooge, unthreatening, just goes through the motions and puts up with the babble from the congressional rabble...

Now everybody will break for lunch, convinced that something meaningful just happened...

And another day goes by with nothing remedied...

 

Thu, 02/02/2012 - 12:22 | Link to Comment mc_LDN
mc_LDN's picture

REPEAT - "GOLD IS NOT MONEY"

Thu, 02/02/2012 - 12:28 | Link to Comment Dr. Engali
Dr. Engali's picture

Reminds me of Bagdad Bob as the tanks were rolling up to the front door.

"There are no American infidels in Baghdad. Never!"

Gold is not now nor was it ever money!

Thu, 02/02/2012 - 17:10 | Link to Comment akak
akak's picture

Reminds me of Jon Nadler --- which is just another way of saying pretty much the exact same thing.

"All reports of the death of the US dollar are greatly exaggerated", he loves to say.  Sure, Jon, maybe it's not dead yet --- but the diagnosis for the dollar is in, and that diagnosis is "terminal".

Thu, 02/02/2012 - 12:25 | Link to Comment azzhatter
azzhatter's picture

Ben- please remove your dick from my ass

Thu, 02/02/2012 - 12:26 | Link to Comment russwinter
russwinter's picture

-Bernanke says we don't know how Greek debt talks will turn out. 

 

-Bernanke admits there will be losses on Fed’s trillion MBS portfolio under new refi proposal, but fails to quantify. -Is nobody listening, Bernanke admits that Fed will have no control over rates should markets lose confidence in fiscal policy

 


Thu, 02/02/2012 - 12:30 | Link to Comment The Axe
The Axe's picture

SOMETHING HUGE is about to occur....it could be up or down...but stocks are moving in a strange and chaotic manner...BIDU just went a point in 8 sec...MA is up 20 on a rev miss. stocks like GMCR, WPRT, etc are moving in a very crazy way.....scary...

Thu, 02/02/2012 - 12:34 | Link to Comment Dr. Engali
Dr. Engali's picture

what about WHR being up 8 pts yesterday on a miss and up another 3 today. This isone fuckded up market. Up is down and down is up.

Thu, 02/02/2012 - 12:39 | Link to Comment The Axe
The Axe's picture

whr is another good example.....market is about to make some kind of crazy move....this is nuts

Thu, 02/02/2012 - 12:32 | Link to Comment jack stephan
jack stephan's picture

Goldfinger, he's the man, the man with the Midas touch
A spider's touch
Such a cold finger beckons you to enter his web of sin
But don't go in......

Thu, 02/02/2012 - 17:16 | Link to Comment akak
akak's picture

Much, MUCH better, if you happen to not be a fan of Karl Denninger:

http://www.youtube.com/watch?v=WCwWfSYBwOQ

Thu, 02/02/2012 - 12:32 | Link to Comment Gold Dog
Gold Dog's picture

OT

I am going to buy a couple of pounds of gold today....first time in two years.

Kitco has some BS about a $7,500 limit unless I give those bankrupt idiots my money first.

Where is a good/trustworthy place to load up on AU and a couple of monster baxes of AG?

Thanks in advance for your help.

 

Dog

Thu, 02/02/2012 - 12:43 | Link to Comment Bay of Pigs
Thu, 02/02/2012 - 12:44 | Link to Comment Conax
Conax's picture

I have heard Tulving is the best place to get a deal buying in quantity.

Can't vouch for them personally, because I only buy small lots.

 

http://www.tulving.com/

 

EDIT: hey, there's an echo in here  here  here    here..

Thu, 02/02/2012 - 12:48 | Link to Comment Gold Dog
Gold Dog's picture

Thanks guys, I have never heard anything bad about those guys. Of passing interest- I pulled out my file and my last time I purchased AGE was $934.44 on 1/20/2009 and Silver was $15.54 on 1/2/2009.

 

Dog

 

EDIT- The silver was Maples.

Thu, 02/02/2012 - 13:13 | Link to Comment Conax
Conax's picture

You're very welcome- Anyone who will pull stock off the shelves is ok by me. Stick it to em, Dog!

Go get sum!

Thu, 02/02/2012 - 15:17 | Link to Comment DosZap
DosZap's picture

Gold Dog

Good Luck going that route,check the BBB ratings.

And do not dare ask for a solid delivery time............you may get more than you bargained for.

I haven't had any dealing w/them but once, and seriously was put off by the attitude,customers who pay for PM's up front, should get civil answers, and firm ship dates once $$$$ has been rec'd.

Gainsville Coins, or Libertycpm.com would be a safer bet.(IMHO)

Thu, 02/02/2012 - 13:19 | Link to Comment Developers
Developers's picture

My father-in-law purchases from Tulving at or near spot.  Only problem is you do need to purchase a large quantity.

Thu, 02/02/2012 - 16:39 | Link to Comment seek
seek's picture

I can vouch, they're solid, always answer the phone and no nonsense (they expect the same of you) six figure transactions can complete in under two minutes with them.

But onesie-twosie buyers will need to go elsewhere.

Thu, 02/02/2012 - 13:52 | Link to Comment chubbar
Thu, 02/02/2012 - 12:34 | Link to Comment AndrewCostello
AndrewCostello's picture

The 21st Century will be ruled by those who hold cold, hard physical assets, and that much is becoming clearer by the day.  People should buy gold, silver, oil, land, and anything else that is physical.  Because the paper wealth fantasy is rapidly coming to an end.

 

I have no sympathy for anyone who invests in fantasies, or lives beyond their means now.  They have been warned time and time again and deserve the misery that is coming to them.  Quite frankly, the best thing we can do is let them starve.

 

Read:

http://www.amazon.com/Simple-Wealth-Mr-Andrew-Costello/dp/1463523017/ref

Thu, 02/02/2012 - 12:53 | Link to Comment Golden Receiver
Golden Receiver's picture

Tyler(s) ---

Curious to know what would happen to someone if they were ever caught violating the embargo. Who gets this information prior to release and who decides who is on that list? It would seem to be an area rife with exploitation.

Thu, 02/02/2012 - 12:46 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Congressman:  Uhm, uh, uhm, uh......

Bernanke:  Uh, uhm, uh, uhm......

Congressman:  Uhm, I see, uh, so, uhm, uh........

Bernanke:  Uhm, yes, uh, uh, uh, so, uh, for, uh, example, uh, uh.......

Congressman:  Uh, great, uh, thank you, uh, uhm, uh for your, uh, time.

Thu, 02/02/2012 - 13:00 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is talking about FX swaps!  He has liabilities and assets and bla bla bla.  Yeah no shit Bernanke.  The question is, what are your assets and how do you use them!  Someone ask him the damn question.

What do you do with the gold you hold on your balance sheet, Bernanke!

Thu, 02/02/2012 - 13:04 | Link to Comment jomama
jomama's picture

i can't help but feel that the runaway inflation that we've all been expecting is going to rear its ugly head quite soon.

everything is walking on a knife's edge.

if oil goes north of 5 bennybux/gal domestically, the trucking industry is fucked.  and we all know what that means.

Thu, 02/02/2012 - 13:07 | Link to Comment RobotTrader
RobotTrader's picture

Sheep-Dog:

 

Please go find any post, anywhere, where I said to sell gold at $900.

 

I'll buy you a case of beer if you can post that quote here.

 

Cheers!!!

Thu, 02/02/2012 - 13:17 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You sold "the rest" of your gold around $1100-$1200 if I remember correctly.

Thu, 02/02/2012 - 14:16 | Link to Comment fuu
Thu, 02/02/2012 - 13:09 | Link to Comment xela2200
xela2200's picture

I might not have to die poor after all.

Thu, 02/02/2012 - 13:16 | Link to Comment Bam_Man
Bam_Man's picture

Uh oh.

Bernanke has stepped away from the microphone and the price of Gold has stopped going up.

As a holder of copious amounts of bullion, I am hoping (in the interest of "greater Fed transparency", of course) that they give him his own TV show. Preferrably one that airs DAILY.

Thu, 02/02/2012 - 13:18 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Sipping Coffee with Ben Bernake

There have been two episodes so far, and I am sure there will be more.

Thu, 02/02/2012 - 13:24 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Listen to Bernanke talk about if....if someone else other than the Fed has a say in monetary policy

"Stocks would go down, the world would be flooded with the rains of G-d, and Ba'al would descend to this earth with the furry of one thousand demons!  Be afraid!  Be very afraid!!!"

Thu, 02/02/2012 - 15:37 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Bernanke is a Klingon from Uranus. Set phasers on stun. Again. Recombinant Rerun. A new episode - William Shatner comes back from the future, and makes Bernanke live with Harry Mudd's wife, after he shoves a bunch of tribbles up his ass. Kinda like payback for the rape of America. Puppet for the Ruling Class. 

Thu, 02/02/2012 - 17:07 | Link to Comment HungrySeagull
HungrySeagull's picture

Thank god the gawdayum 34 barrier is done away with.

I cannot wait for 39, then 42, 45 and beyond 50.

Thu, 02/02/2012 - 17:25 | Link to Comment JawsMusic
JawsMusic's picture

Anyone else not able to get to turd's site?

 

Thu, 02/02/2012 - 18:13 | Link to Comment sidkof
sidkof's picture

my buddy's step-sister makes $68/hour on the internet. She has been without work for 8 months but last month her paycheck was $7255 just working on the internet for a few hours. Go to this web site and read more.. LazyCash9.com

Thu, 02/02/2012 - 18:41 | Link to Comment akak
akak's picture

I'll check out your site when you buy my little pill for only $149.95 that is guaranteed to enlarge your penis by ONE FULL FOOT!

Being as you are probably Chinese, it would almost certainly be of great benefit to you.

Thu, 02/02/2012 - 19:04 | Link to Comment BudFox2012
BudFox2012's picture

The real question is, how and when are they going to take gold and silver down.  Simply rising unchecked to reflect the actual state of the collapsing global economy simply won't do - they must knock them both back down.  But how wil they do it?  They've knocked out all the small players out of silver with their 256 margin increases last year, so that trick has diminishing returns.  So what else do they have up their sleave?

Or is this finally end game?

Do NOT follow this link or you will be banned from the site!