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Gold Follows Stocks Vertically
Because if stocks like the prospect of imminent printing, or at least the latest daily rumor thereof, until Germany once again opens its mouth and refutes everything, gold should love it. Sure enough, the yellow metal has opened $20 higher and is back over $1700 again.
Incidentally for anyone still clamoring about a bubble in gold, the following often recycled chart by Don Coxe should put things into perspective.
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Every freakin person in America should have seen that first segment on 60 minutes tonight. What a mess we are in.
Summary?
Tough to summarize. Too many people are homeless. Too many kids growing up with nothing. The irony is their next segment will be on Angelina Jolie who focuses on foreign aid.
the children are functionally illiterate and the college grads are getting out of college loaded with student loan debt and they can't find jobs........its all insane...........
Or more aptly put. Children in 'merica are being raised with a different perspective.
Time to learn them about their slave masters the lizards. The lizards have taken your future and exported it to israel.
Shit no! You cannot have it back.
Here it is:
http://www.cbsnews.com/video/watch/?id=7389750n&tag=contentBody;storyMed...
when i see this. i think. america is dying. do they understand this? does anyone understand this? they are the first wave. the culture is dying. the culture we have known as america. it is dying. it is not long now. one can see this so clearly...........they are close to starvation. so close really.... they are almost there. what happens when are there? i have talked about tribes on this blog before. i believe as time goes by, the races will seperate as the resources get scarce and they will act together in order to survive........what choices do they have at this point?
What transfixed me about that segment was the parents were broken. The kids still had hope because kids are resiliant. But the parents were broken. They were not tea party angry, they were not OWS angry. They were just broken. Hoping the system would throw them a bone.
perhaps it is indicative of the kind of people we are now. we are all broken. we were destroyed as a people when they killed our president in 1963 and camelot died and we did not do anything about it then and allowed someone to tell us lies about it and explain the unexplainable. and we called it good enough.....just like 911.................there were many reasons that operation was carried out. one of them was to mind fuck the amerikans. i do not remember many things from that time in my life, but i remember it like was yesterday, the feelings i felt, the despair , the grief. i was a young teenager, but i remember the feelings i felt about it, till this very day........ i knew someone had done something bad to my president and therefore they had done it to me.........so now fast forward to today. if anything we have become slaves and are easily bought and sold.......we have many enemies within our gates......and nobody dares to speak about them nor do anything about them. it sickens me to no end to see reports like this and as usual we always look at symptoms and traces were the enemy has been but is long gone........i am sick of it all really. like i said before. i shall not spend whatever time i have left in this world living on my fucking knees......nope, ain't going to happen. this i know. this i promise....
you mean that movie with Kevin Costner?
hey dave. what do you think about this video? he makes some very disparaging remarks about zerohedge ......oh my.....
http://www.youtube.com/watch?v=06-t6xQNyVU
I kinda feel sorry for you, blaming all your failures and deficiencies on the Yids.
Heres another zionist conspiracy for you to chew on
http://www.youtube.com/watch?v=oHg5SJYRHA0
Eric Sprott update out.
http://goldandsilverlinings.com/?p=1756
Very interesting. Thanks.
Once you slip into poverty, you, your kids and family never get out. This idea of escaping poverty, pulling oneself up by their bootstraps is a dream. A progaganda dream.
Once you have arrived there its like jail. You never leave. Look at any country with lots of poverty, now the USA. It is a life sentence.
Sorry, but poor is a state of mind.
That brother and sister in the truck are the future of America. People like that will make it; they don't blame others for what they don't have.
It's not dying it was killed. We actively stopped teaching children about American values and culture 40 years ago.
don't tell i'm the only person that finds this funny.
Is this what it is coming to?
New definition of smartest guy in the room?
First guy to pull out a gun and shoot the other guy in the face.
I've been to Israel. Guess what, they have problems of their own, and not just security threats.
You must have missed the protests they held over the summer regarding cost-of-living difficulties. Housing, food staples.
They even have a top 1% in Israel, just like they do in every country.
Please stop polluting this board with your anti-semitic discourse.
Not it's not insane, it's according to plan.
It is, and the plan goes far back and so deeply complex that most will say... too much credit to fools, no one could have planned all this etc...
Not so, 2000 years is a good long time to make sure you get it right. And where America is today is purely by design.... fattened, entitled, disesed and lost. Perfect, like human gun-powder. It's not going to be pretty there and soon nowhere in the world.
ORI
/the-plan/
I don't know I make a lot of plans but generally I don't give a fuck how they end up 2,000 years from now. I imagine it would not help me much then.
I agree it's insane. I guess this is what the view is like from inside the fishbowl. This is what it feels like to know you are living in a depression. The insane part is watching the idiots running clueless.
Ah ha ha who cares? As long as a banker can buy a multi-million dollar estate in the Hamptons, the system is working as intended. Hey, don't know how our system works? Read this:
http://www.silverbearcafe.com/private/11.11/mandrake.html
If you really want to know who your master is, little serf, read
The Creature from Jekyll Island: A Second Look at the Federal ReserveHamptons? PA-SHAAAA. I want a country now. "I'm movin' up" as they say.
Hope & Change from the Muslim. "We are all Detroiters!"
And to think: Nasa spent $2.5B sending a 6 wheeled robot critter to Mars. Trying to find Krugman's aliens?
What a sick, sick, disgusting world of shit we live in.
I'm about ready to just give up on humanity. It's a lost cause.
And I'm usually a pretty happy guy, try to have some fun every day. Just get's harder to find.
2.5B feeds a whole lot of starving kids.....
"Somebody ought to do something!"
Why not you? Do have have anything that you do not absolutely need, or do you believe charity is the sole purview of government?
Every piece of cheesecake you eat, or every gadget you buy, could have fed a starving family, in the US or Somalia or.....
I'm not picking on you, but this is a complex issue hardly solved by not sending knowledge-seeking (and job creating) spacecraft to Mars. First, we must define what we want to be as human beings. Do we seek merely survival or something more than that, like knowledge? Regarding survival, who is responsible for his brother, and all the kids his brother can produce? Is it government? Is it every one of us taking only the absolute necessities for survival, then giving away the other rewards of our own labor to those who have less, either through bad luck or bad decisions? Is there some happy medium, where a combination of government and private individuals share---but do not support---and seek a balance in life between survival and something else that makes us more than just eating-reproducing animals?
I'll grant you that governments, and people, waste a lot, but the answer to poverty is a lot more complex than just ending the exploration of space. Everybody currently breathing has to play a part, which might mean choosing NOT to have kids and never assuming the good conditions of one day will be present each and every day, plus sharing a little seedcorn with those on the wrong side of a random Universe.
The key is "a little" seedcorn. Not all of it. The only observation I have made is that many, many problems are created by lack of monogamous child rearing. Seems like we live long enough lives that people could stick with their co-parent for the 18 year gestation cycle of the human infant brain. Then everyone can do what ever you want.
The other option of course, is to go the bovine route, which I guess is evolutionary possible. Humans need to have big brains, but we also walk upright, Peak Pelvis. We are not really fully capable of true survival/sustainability till late teens. If we have a few thousand years to experiment we could produce children with more fully formed brains and deliver exclusively by C-Section. Most Ungulates can walk within minutes of birth and are mature within a few months. snarc: Any good grant writers here?
Go ahead and try it, see what thanks you get. I did but gave it up when I found out I was only making things worse.
Been at it since I left Wall Street, and I'll admit there is a learning curve. Big tuition, and no Pell Grants for this type! Still, choose wisely the folks who suffered a below average "accident of birth" appearance in this world, and it can work. Note also I chose the word "seedcorn" rather than corn muffins or Cheese Whoppers, as it implies providing the means for folks to eventually take care of themselves.
I hold no illusions about the oft-said "nobility" of the poor, as character---or lack thereof---seems to be spread fairly evenly amongst the species. At the same time, I am fully aware of what one might call luck, in that where and how one was born has enormous influence over what achievements are possible. There are good places to be born, and bad. There has never been a better way to materialize on this planet than as a white male, in the US, from the early 1950s to the late 1960s. Relative to all others ever born, that is like starting a marathon after Heartbreak Hill. Not to cast aspersions, but the opposite end of the spectrum---at least in today's world---might be a female born in rural South Asia or SEAsia. Unless such an individual is born with a steel core, escaping those birth circumstances are nigh on impossible. That is where the "seedcorn" provider can devote his efforts to trying to make a random Universe just a little more fair.
In the 60 Minutes piece, I'm willing to bet---based on more than a decade of experience---that girl living in her Dad's truck is a shoe-in success with just the smallest helping hand, and maybe even without. She appears to have the kind of character that cannot be taught.
Agreed on the cultural birth luck. History will only repeat the sweet spot for the white american boomer male if we have another war that bombs the crap out of most of the world. Then the children in the country not destroyed will get the same winning ticket. I am not advocating it, just corroborating.
As you mentioned, the boy and girl in the video are going to do great. Being raised by a widow or by a separated victim of abuse is not the same as being raised in a home broken by adultery, ambivilence, career, money, entitlement games, etc. Tragic, yet beautiful irony. (these kids lost their mother to death, most kids lose their household to "ummm, its not working out")
History will only repeat the sweet spot for the white american boomer male if we have another war that bombs the crap out of most of the world
I am reminded again of the adage (I want to attribute it to Spinoza, but I'm not certain): if my demons leave me, I fear my angels will soon follow.
I like the Jamey Johnson (country singer) version.
Hold it together John.
In my eyes, that was at least money spent in America, employing Americans, and for genuine scientific pursuits that could yield benefits for every person now and in the future.
Contrast this with the $700 billion in bailouts. I can't keep track of how much has been squandered since then in QE and other incestuous government-banking deals. We spend $700 billion a year for our military machine. In comparison, you are objecting to peanuts spent on peaceful, innovative and inspiring missions.
There will always be hard-luck cases in the world, but they and their parents are not helpless.
You could make that argument ad nauseum throughout history.
Should we have to subsidize the world's problems at the expense of our own nation's concerns and projects?
How is this not a modern version of the "Oakies"?
What more evidence does anyone need to see that we are in a Depression?
1500 homeless children in Seminole county school system. Spoke w/ two very mature children living in a truck. "its life"
On the bright side, Black Friday was a smashing success.
http://fucklloydblankfein.blogspot.com
i promise you one thing. it is not like the 1930's.........no where to run and no where to hide.........
...
"1500 homeless children in Seminole county school system. Spoke w/ two very mature children living in a truck. "its life""
Land of the free, home of the brave.
Show me a home where the buffalo roam & I'll show you a house with a filthy carpet
Land of the home, free of the brave?
merizobeach
Land of the home, free of the brave?
No neither if Congress passes their Fascist bill Mon/Tuesday.
Should we send more soldiers to liberate afghans?
What kind of truck?
They must be American children.
Illegal aliens get housing vouchers, food stamps, welfare, free education, free school breakfast-lunch-afternoon snack, free healthcare, they can apply for social security disability.
You really are a hateful little prick.....
Dollars to doughnuts you would have voted for the Nazis in 1933....
Which part of "moral hazard" are you condoning here?
Before you form the wrong conclusion, alleviate some suffering: http://www.worldvision.org -- One of the most efficient charities that I know of!
Boomtime construction family, Depression II hits, Dad's been unemployed for years, Mom's dead, kids and Dad live in truck.
Lloyd says "no soup for you truck bitchez"! Starve cuz I have my israeli priorities set in stone.
My slaves will act according to their role. I, Squid Primero will now establish a new cast system in USA.
Too bad they sucked all the cash outta their house in the boomtime to finance the big shitty dually diesel pickup, the 4 snowmobiles, the 4 jetskis and the brand new bass boat. I don't have much sympathy.
Dude on hard talk in an earlier ZH thread. para: "Households did not make bad decisions, the people who lent money to them made the bad decisions. we have to have a systematic approach to a debt jubiliee/write down."
http://www.zerohedge.com/news/steve-keen-parasitic-bankers-deluded-economists-and-why-%E2%80%9Cwe-are-already-second-great-depression
As pointed out in that thread, and what I think he saying to do is let ben dump the money out of helecopters. $100k for each man woman and child. If in debt, pay it off. If a saver, keep on stacking, or improving what matters to you (the debtors will not be able to chase gold). If earnest, but net worth neutral, use the money to start a buisness, retrain without doing the business model from the 1990s-2000s (1. Buy overinflated R.E. 2. Get 125% loan on already overpriced supply/demand value 3. Fail. 4. Squat)
Fuck gold and silver in the ass.
Load up on ammo and pork and beans.
That's where the real money is.
http://fucklloydblankfein.blogspot.com
Trolling for dummies,
Step 1: Post as early as possible in the thread to provoke as many as possible...
shhhh!
don't tell ORI!
OK, but what happens when the guy down the street who has that extra case of toilet paper or functioning multi-band radio (or insert other item you need here) already has all the ammo and canned food he wants?
Perhaps you could interest him in a reach around
I guess you shoot him and take his stuff.
http://fucklloydblankfein.blogspot.com
LOL, I guess you missed the part where he has all the ammo he needs.
Point being, you could offer him something which is portable and carries value (gold/silver), which he can then use to do likewise in exchange for something he wants that you may not have.
I did have a laugh with you about his outright shooting the guy, but I think his point is still valid in terms of the zombie mentality: when the ammo is the only barter chip you have, there's only two ways to negotiate with it. Social breakdown, bitchez!
Check the expiration date...
"I guess you shoot him and take his stuff."
Question...can you hear an arrow passing through your ear & exiting the other?
Only if it's a Pierce Arrow. Fletched arrows are too darn quiet....
EDIT: And I forgot the most important thing: Make sure no matter where your "cause" is on the political spectrum. make sure you use a tax free vehicle to implement. 501c, corp, NGO, etc.
How about fuck paarsons up the ass with a big golden dildo,
i saw it ... they had a similar piece a year or so ago ... and that is Florida ... you wonder what the situation is like in Michigan, ohio ... but people are taking it well ... i guess you got to do what you got to do ...
We're totally fucked, and as things get worse, the denial only gets stronger and stronger. It's sickening, maddening, and downright disgusting: and yet we're conditioned to SPEND, SPEND, SPEND.
Dear Aliens,
Can you hurry up and get this shit over with? Not sure I can take much more.
Thanks,
An earthling and your humble servant.
Keep watching TV because your viewership supports it. Also thank the MF'ers who voted for the Muslim.
Hey Goldbugs, you should be happy!
Everyone should be happy. Happiness is a state of mind and to a large degree within the control of the individual regardless of circumstances depending upon their ability to shift perspective and manage expectations.
Goldbugs should be prepared.
www.pmbug.com
Going out on a fucking limb here and say that the futures will be lock limit up by open.
My track record on predicting lock limit up is 1 for 1!
Barron's! Brings back memories of their cover article "Bear Scare" http://online.barrons.com/article/SB127327052815488571.html#articleTabs_panel_article%3D1 Well even before that article came out, or before Europe announced the rescue plan for Greece, I had announced on Friday that the futures would be lock limit up!.. and they where! http://www.bostonwealth.net/2010/05/09/limit-up-who-knew/
I'll take that bet.
stocks move up on the good news of another bailout.... $700 billion doesn't seem like enough
Hey Tyler how about a chart of spam ($/lb) vs. currency in circulation
Not that I've been following the cost of Spam, but I saw some in the store recently and thought it was really expensive. How come I can eat lunch and breakfast in China for under a buck still? Government Sachs needs to export some of the debt burden to the East after they milk and destroy the EU.
"How come I can eat lunch and breakfast in China for under a buck still?"
Maybe it's because plastic rice is so damned cheap?
http://www.youtube.com/watch?v=vT3JTUCaB_4
I don't know about Spam, but some things here:
http://www.thepeoplehistory.com/pricebasket.html
Must be old, bacon in the stores around here are up around $5/lb.
phew! for a moment there, i was afraid inflation would drop!
Who is printing the money? The US via the IMF? I thought someone on here said Congress would have to vote on that. Or is it the ECB? I thought Germany was against that....wtf?
No one is printing money. You can't print money any more than you can print oil.
You can print currencies.
who is printing the currency?
Who controls the banks?
Spiro Agnew
We have a winner!
I think his name is Fred. Fred...Epstein. Yep...says right here in "employee roll of the US Mint. "Fred Epstein prints the money."" so there you go!
also says "he's been employed for the Federal Government for over 40 years and was a former counterfeiter of great acclaim before being hired on!" whodathunkit! our prison system truly does reform the criminal!
You have to laugh all. Rumor on, rumor off. Gather the sheep and herd them all together now. It will be over in just a while. Then we can start from the beginning.
Are we there yet?
Clark Griswald: Roy... can I call you Roy? Have you even driven cross-country?
Roy Walley: Oh, hell yes. Drove the whole family to Florida. Worst two weeks I ever spent in my life. The smell from the back seat was terrible.
Clark Griswald: Ooooh. Ooooh, I know that smell.
You have to pull over, I'm prairie-dogging it over here.
Waiting for Gold-o
Looks like oil's doing pretty good too.
Funny, with all this abiotic oil just bubbling up out of the ground, one would think oil should be down to about two cents per barrel by now.
not with iran about to rule the world!
that's "Saudi/Aramco" to you Space Cowboy.
Kwanzaa is good for the economy.
Malt liquor sales are up!
The Dalmore, 18 yr, The Balvenie Portwood 21yr old, Glenfiddich 18 yr all so yummy commuting to the UK has its advantages for now.....
Gold for tough times, silver for bartering and tougher times copper and mash for the real fuck ups..... don't know how y'all city folk gonna git on but Pa showed me how to survive rite proper...
"....all increases in sales actually attributed to 17 year old anglo saxon high school kids wishing they were niggers."
Asshole.
If you meant sarcastic asshole, guilty as charged.
"Malt liquor sales are up!"
You mean grape drink.
Grape soda (Fanta) mixed with Crown Royal is what I see some ordering up of late.
purple drank! I'm high right now, shit.
And where is the 800 billion from the IMF coming from to move Italy back to excessive spending?
Gotcha!
U.S.
Australian market is up 2% already (monday morning)
I wonder if Oooogo Chavez is going to get all of his gold back home before things completely fold up.
Divine Wind
Got his first load already....................
Poor Hugo. CIA got him. They couldn't get Fidel, but they got Hugo with the big C.
Tungstennnnnnnnnnnnnnnnnnn!
Now wouldn't that be funny.
Brahahahaha.
The last thing he sees is the formal assay.
http://youtu.be/WWaLxFIVX1s
That chart is great except for one problem and I've been a gold bull since '02 when Tom Calandra was pumping gold stocks on CBSMarketwatch, if we have a deflationary bust, like I think we will have, and the amount of credit in the system is decreased, which also decreases the money in circulation, gold will be going down as well.
Agree kaa. But....I do not see a deflationary bust. Sure, housing, retail and such will decline but as long as they keep printing, monetizing, all I see is a steady stream of inflation, even with decreasing credit. I continue to see higher prices in food, ags, gas, health care and steel. Sure Ipads may come down in price, but how many of those and how many houses does one buy.
Still too many hundreds of trillions worth of derivatives plays that need to be unwound or otherwise made whole at peasant expense.
Your scenario would be the best case for the average serf, which is why it is also the least likely. A deflationary bust hurts TPTB way more than inflationary insanity.
...and so does crude!
yes oil inflation. The extra tax/austerity on Europe.
Black Friday post rally + oversold markets. Should top end week when the SHTF again
At a GSR of over 50:1 (when it should be less than 10:1) is the greatest asymmetic ratio anyone will find in many years.
Keep stacking folks; the majority of the silver left on the planet has grades less than 3g/t. It would take silver @ $300/oz to mine it profitably.
"It would take silver @ $300/oz to mine it profitably."
Utter nonsense - it only costs $5 per Oz to dig out of the ground.
MathMan told me this.
I know this can be viewed as a 'cherry' question, but does not Dodd-Frank throw a wrench in the idea of U.S. dollars at the IMF being used to bail out troubled Euro-entities?
LOL, yea right.
Congress passed the Foreign Corrupt Practices Act in 1997 to prevent U.S. corporations from bribing officials of foreign governments.
http://en.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act
Should that not have immediately ended the war in Iraq?
Silly rabbit.
Yup, thought so.
My bad.
No bad Wind. It's just the most incredible dog/pony show on earth.
The scales on the 2nd chart make it very misleading. Money supply has doubled but the price of gold is up 5x. So the recycled chart alone doesn't make a case for gold not being a bubble.
boing...
time to go back to China, tired of eating turkey.
Hmmm... I bought gold in 2005 for around $400. (http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx)
Accoording to the Minneapolis Fed (http://www.minneapolisfed.org/) home page that same gold should cost me 463.56 today. Me thinks the Fed should adjust their CPI algorithm.
Me thinks the Fed should go to hell, and take the lying assed CPI bstds w/them.(any legit agency that does not include the Three most important items purchased in their stats(food, fuel,energy) are Bucket mouthed Liars.)
3-4% inflation, MAX, my ass.11% Minimum.
*****New #'s China & India now buy 55% of all the worlds GOLD.****
This keeps up, I see Prems WAY up, and a severe shortage SOON.
+27$ DEC FUT - GREAT!!!...LET'S BE FRANK GOLD IS WORTH AROUND $2,000 HOWEVER THE CROOKS AND SCAMBAGS OF JP MORGAN AND HSBC AMERICAS CONTINUE MANIPULATING PRICES...THE SAME GOES FOR SILVER IT IS WORTH 40$
how did you come up with those numbers?
not that i don't trust the wisdom of an obviously very intelligent poster who types in ALL CAPS...
I was wondering if we would get one last spike on the right shoulder, analogous to the swan song in September 2008. And here we go. McGinley says fade the rally.
"This country is in bankruptcy, we have to deal with it, we can't remain in denial" Dr. Ron Paul, 11/20/11
On an off note. Has anyone noticed that the Dow-S&P500 charts lately seem to follow the EUR/USD charts?
No, its a totally "on" note. The inverse relationship between the ES and USD is symptomatic of a broken financial system and a failing economy. Inflate (with the reserve currency) or die.
Well if the current system stays in place, its guarenteed that the amount of FIAT in circulation will always exceed the amount of gold in circulation, thus gold will always be more valuable than paper, (allowing for the temporary short term spikes up and down).
Unless they're FIAT 500s....
Since this latest rumor will fail just like the rest, sell Gold now...
http://thebeareconomy.com
Let them have their market manipulating fun. Facts are facts, and will come out whether the TPTB like it or not. Europe is hosed unless the ECB mounts a multi-trillon Euro QE program, and that's it in a nutshell. And that is, in itself, only an exercise in kicking the can down the road and raising considerably the explosive capacity of the ponzi when it finally blows.
This is one of the biggest things I do not understand about this place. Many posters get really excited about manipulation of the PM prices. What does it matter if they personally hold the physical? For stocks, bonds, and consumables, I could understand the outrage. I dont hear Kyle Bass complaining about Blythe.
Serious/non-sarc lack of understanding on my part.
Tired of waiting?
These are the ones who intellectually understand both paradigms, but are still attached to the emotional component of fiat gains and losses.
Right.Thanks. I figure it is that, and/or it is fear of confiscation. If I could afford it I would own and hold physical and keep my mouth shut. Back the truck up when TPTB make it cheaper than it should be.
But when people can not afford beans, and/or are taxed on PM purchases, then there should be outage.
I know I'm asking the wrong crowd, but gold hit $1900 months ago...and things are even more fucked now, WTF? Silver too and now Sprott has approval to drop $1.5B on more physical. What will the price of both be on Dec. 30th?
Magic 8 ball time for some!
My tarot says "unexamined assumption in premise", which leads to the draw of The Fool and the Hanged Man.
Hook Line and Sphincter ( ! )J ...embracing uncertainty.
In other words, who cares. Just get phyz, and wait.
You cant eat it, but chances are people will always trade you gold for lots and lots of food. Ink on paper not so much.
Au 1728. Ag 30.31 (or not)...and now you know.
we should all be kissing dimon's ring (and blythe's clit ring) in thanks for the extended dip being granted to us
Sadly, gold and silver are trading in near perfect harmony with RISK ON. Leveraged traders are trying to have their cake and eat it too...fucking up the real money hedge for the near term.
The beat from MC Hammer
You cant print this !!!!!