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Gold $1700
The low prices sure were fun while they lasted. In other news, Spam is still cheap. And now, it is time for the CME to scramble to reinforce "risk management" and send margins to 100% because this aggression against "sound" money will simply not stand (oddly enough the 14% or so jump in the ES and various other equities contracts was not sufficient to prompt corresponding margin hikes).
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The worst store of value anywhere is owning Federal Reserve notes. They represent cash so you want to be SHORT CASH. Sell cash whenever you get it and put it into gold, oil, soybeans, and the E/S on any and all dips.
Never underestimate the replacement power of equities within an Wiemar-printfest reflationary spiral.
Long live Zimbabwe!
Wake me up when you can SELL 1oz physical for $2000.00 at a gold store.
LOL! The specs are making a bull raid, and short squeeze based on fundamentals - that's about all there is to it.
The cartel is ripe to be squeezed too with the CFTC position limits.
Jamie: "Blythe, Stop the leak!"
BM: "I can't, there are too many"
Jamie: Plug it with your big head if you have to.
BM: Aye aye
15oz added to my stash last drop below 1600. Bought up a little silver at the same time - couple 10oz bars.
Gold $2,000 long long due in my opinion.
Mmmm...Spam....
NOT.
Did you notice Spam spelt backwards ,spells mapS.
Spam will soon have maps to bankers houses in them as promotional selling features.
That way you can have steak and lobster too.
Hey GoldenShower...!
Love to give you one.....
Maybe ZeroHedgers could GangShower ya...
Piss off dude.
Wheres RobotTrader...???
"crickets"
The CME is next on the OWS list of they ever wake up to what is really courrpt.