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Gold Soars As Trading Reopens, Hits $88 Away from $2000

Tyler Durden's picture





 

We may have been pessimistic with our assumption that gold would reach $2000 in under a week. At the rate it is going, it may get there tonight: upon reopening, gold immediately soared from just south of $1900, to a new all time higher of $1912 as pent up buying interest took out every offer in the market. This time around silver is not far behind and after many were staunchly pushing shorts around the $44 price, the metal also snapped above the $44 barrier. The only question we have is whether the CME will hike margins before or after gold touches $2000. Since the stop loss orders there are likely quite aggressive, we hope our Comex friends would push gold a little lower before it takes off for its next target 5-digit target. Incidentally, those who are long spam and short gold may want to consider unwinding that trade at this point.

Gold:

Silver:

 


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Mon, 08/22/2011 - 18:27 | Link to Comment Captain Obviousness
Captain Obviousness's picture

Tradition bitchez!

Mon, 08/22/2011 - 18:29 | Link to Comment iDealMeat
iDealMeat's picture

+1, for the obligatory pole position comment.

Mon, 08/22/2011 - 18:31 | Link to Comment Dangertime
Dangertime's picture

Chavez Bitchez!

Mon, 08/22/2011 - 18:39 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Kelly's Heroes, bitchez!

 

http://www.youtube.com/watch?v=OqSiLL8U3vo

Mon, 08/22/2011 - 18:42 | Link to Comment Boba Fiat
Boba Fiat's picture

1913!  Bernanke!  Are you not entertained?!

 

http://www.youtube.com/watch?v=FsqJFIJ5lLs

Mon, 08/22/2011 - 18:52 | Link to Comment spiral_eyes
spiral_eyes's picture

angela merkel's breasts, bitchez!

http://azizonomics.com/2011/08/22/eurocide/ 

Mon, 08/22/2011 - 19:15 | Link to Comment Transformer
Transformer's picture

I'll vote for Hugo.  At 100:1, he is retiring 20,889 tons of paper gold.  'Course, it's not really that hard, cause the paper really doesn't weigh anything at all.... I mean... compared to the real stuff.

Tue, 08/23/2011 - 03:40 | Link to Comment HungrySeagull
HungrySeagull's picture

Hugo will come out of his Chemo induced haze and realize what he has done when the ship's bill of lading indicates 20 tons of gold in crayola with gold flakes.

 

I wonder if the gold movement bumped the baltic dry any?

Tue, 08/23/2011 - 07:32 | Link to Comment markmotive
markmotive's picture

OK - so gold and silver are moving higher...but which should be moving faster?

Is silver underpriced relative to gold?

http://seekingalpha.com/article/288799-is-gold-underpriced-relative-to-s...

Mon, 08/22/2011 - 19:29 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Sorry, I am going to have to give that one a negative score just on principle. Why would anyone even think of such a hideous thought?

Mon, 08/22/2011 - 19:49 | Link to Comment mcguire
mcguire's picture

by the same logic, i gave it a plus.

Mon, 08/22/2011 - 20:09 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Morgan Stanley borrowed $107.3 billion, the most of any bank, according to data compiled by Bloomberg News using information released in response to Freedom of Information Act requests, related court orders and an act of Congress.

http://www.bloomberg.com/news/2011-08-22/morgan-stanley-at-brink-of-collapse-got-107b-from-fed.html

Mon, 08/22/2011 - 20:25 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

...and a kick-ass interactive Bloomberg graph, here, until Tyler gets a post up.

EDIT:  My bad.  I now see this has already been posted on the prior page.  I blame jet lag.

Mon, 08/22/2011 - 20:31 | Link to Comment Dick Fitz
Dick Fitz's picture

Hey guys

Sorry to be such a N00b, but can anyone point me to a site that shows how much money was given to the banks, vs how much has been paid back?

Some idiots on another site are saying the banks have paid back all the trillions they "borrowed" and that the banks are now free of FED debt.

Thanks for the help- you guys rock!

Mon, 08/22/2011 - 21:04 | Link to Comment erg
erg's picture

Go check out Harvey Organ's latest entry. It shows the line-up for precious metals at Scotia's head office.

http://harveyorgan.blogspot.com/

 

Mon, 08/22/2011 - 21:44 | Link to Comment SamuelMaverick
SamuelMaverick's picture

Thanks for that link, Harvey Organ is impressive, I just added his blog to my favorites.  Yet again another thing to thank Zerohedge for.

Mon, 08/22/2011 - 21:17 | Link to Comment Narcolepzzzzzz
Narcolepzzzzzz's picture

Nomi Prins used to track it, but the last report was October 2010.

http://www.nomiprins.com/reports/

Mon, 08/22/2011 - 22:42 | Link to Comment PulauHantu29
PulauHantu29's picture

Merkel needs at least 8 more tits for te EU leaders.

Tue, 08/23/2011 - 04:14 | Link to Comment jomama
jomama's picture

TOTALLY NOT COOL DUDE

Tue, 08/23/2011 - 04:22 | Link to Comment Shirley Wilfahrt
Shirley Wilfahrt's picture

You should NSFW tag that cow....

Tue, 08/23/2011 - 00:54 | Link to Comment HungrySeagull
HungrySeagull's picture

We had some young ones on my crew. We got rid of him because he spoke of liking much older women.

 

There should be plenty down at the Rock to break him in.

 

Some things are a crime ... a thought crime even.

Mon, 08/22/2011 - 19:42 | Link to Comment DormRoom
DormRoom's picture

arrggh. can not unsee. what has been seen.

Mon, 08/22/2011 - 19:50 | Link to Comment Smiley
Smiley's picture

GOOD LORD WHY DID I CLICK THAT LINK!?!

Mon, 08/22/2011 - 20:05 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

You Bitches know you want some of that ;-)

Mon, 08/22/2011 - 20:13 | Link to Comment Ahmeexnal
Ahmeexnal's picture

that's worse than the goatse dude....unless...merkel IS the goatse dude!

Mon, 08/22/2011 - 20:16 | Link to Comment Thomas
Thomas's picture

Now we know why DSK had to get out of jail so desperately.

Mon, 08/22/2011 - 20:56 | Link to Comment Hulk
Hulk's picture

Not such a bad set...

Mon, 08/22/2011 - 21:48 | Link to Comment ColonelCooper
ColonelCooper's picture

When I was a kid (10-15,16) , I used to work for a farmer whose wife bore an uncanny resemblance to Merkel.  Picked rock, cut/raked/baled hay, cut stacked firewood etc..  Every day I worked, I was fed dinner and supper.  One day, when I was 13 or so, at supper, the farmer caught me taking a bit too long of a look at his wife's chest.  He looked at me, winked and said quietly, "They're just like the starter button on a 53 Ford."

Her set ain't all bad.

Mon, 08/22/2011 - 22:39 | Link to Comment Hulk
Hulk's picture

LOL!  No Farmers daughter, I Take it?

Tue, 08/23/2011 - 00:53 | Link to Comment HungrySeagull
HungrySeagull's picture

NOT. YET.

I ran milk route, Boss's daughter was there. All I could do to keep my wits about me on the job. I know if we carried through, I will not be here. I would still be on the farm throwing down supplies.

Mon, 08/22/2011 - 20:43 | Link to Comment Waffen
Waffen's picture

I had to give you a green arrow.  Boobs that sweet even when attached to a German Sow are worth taking a gander at.

Tue, 08/23/2011 - 01:38 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

ya made me look, ya dirty [transvestite(?)] crook...

good for you!  i hardly ever fall for that!  trust me? 

Mon, 08/22/2011 - 21:02 | Link to Comment SuperRay
SuperRay's picture

Merkel should rent those out - one silver coin to bury your face in those and go 'blubbbbbbbbbb'!

Mon, 08/22/2011 - 21:06 | Link to Comment Hard Assets
Hard Assets's picture

NICE !!!

How do you download a new avator ?

Mon, 08/22/2011 - 21:22 | Link to Comment Martin Silenus
Martin Silenus's picture

She's got huge...tracts of land!

http://www.youtube.com/watch?v=g3YiPC91QUk

Mon, 08/22/2011 - 19:00 | Link to Comment nmewn
nmewn's picture

+ 1900 on the Kelly's Heroes reference.

Its a mother beautiful bridge...and it will be there. Woof woof woof...thats my other dog impression ;-)

Mon, 08/22/2011 - 19:08 | Link to Comment The Shootist
The Shootist's picture

Nice! I just watched that last night on the military channel.
"I've got medals for you in the car."

Mon, 08/22/2011 - 19:17 | Link to Comment nmewn
nmewn's picture

Its a classic...its a what makes different people tick flick...and everyone comes out a winner, of sorts ;-)

"Did you lose my aerial photographs?"...LOL!!!

Mon, 08/22/2011 - 20:17 | Link to Comment Flakmeister
Flakmeister's picture

Make him a deal deal..... maybe he's Republican

Mon, 08/22/2011 - 20:30 | Link to Comment nmewn
nmewn's picture

Don Rickles was perfect...LOL!!!

The best part was when the SS captain's eyebrow raised up when he was told what he was guarding for the "fatherland".

Boom!!!

There is something to be said for personal but mutual interests ;-)

Mon, 08/22/2011 - 21:00 | Link to Comment Flakmeister
Flakmeister's picture

Re: Mutual interest: Yes there is....

One of my favorite movies.... one problem, the amount of gold never jived with value assuming $35 / oz... similarly in The G,B & U, th number of bags never make sense, $200,000 would have be ~10,000 coins, each bag would have weighed ~100 lbs.. (there were 8 bags IIRC) 

Mon, 08/22/2011 - 21:28 | Link to Comment nmewn
nmewn's picture

Its a movie Flak.

Always with the negative waves. Always with the negative waves. Why can't you just be positive for once. Have a little faith baby ;-)

http://www.youtube.com/watch?v=-IatwoA00E0&feature=related

Mon, 08/22/2011 - 22:46 | Link to Comment Flakmeister
Flakmeister's picture

Touche

Mon, 08/22/2011 - 19:36 | Link to Comment I think I need ...
I think I need to buy a gun's picture

open market conditions starting friday at jackson hole....

 

physical only this weekend??????

 

Obama speeks monday..... gold revaluation for jobs....on "labor day"

Mon, 08/22/2011 - 19:06 | Link to Comment outamyeffinway
outamyeffinway's picture

LOL! I love a good hero movie! +1

Mon, 08/22/2011 - 19:18 | Link to Comment tamboo
tamboo's picture

kelly's heroes is another hollywood whitewash job.

"The Communists blew a bridge, and forced a German Gold convoy to detour through Oradour sur Glane. They ambushed, and destroyed, the entire unit of 120 Germans, but had a town 0f 642 witnesses. They executed all the men, and herded the women and children in a church, using a bomb. The entire village (photos) was destroyed. London ordered a bombing attack, after the ambush.'

http://www.thenewsturmer.com/On%20Jews/NazigioldandOradour.htm



 

Mon, 08/22/2011 - 19:25 | Link to Comment Caviar Emptor
Caviar Emptor's picture

The town is still a memorial ghost town

Mon, 08/22/2011 - 20:09 | Link to Comment XenoFrog
XenoFrog's picture

One is forced to question a source that refers to one of the witnesses as a, "Jewess".

Mon, 08/22/2011 - 20:36 | Link to Comment CompassionateFascist
CompassionateFascist's picture

One is forced to question a tale....whose only teller is a Jewess.

Mon, 08/22/2011 - 18:40 | Link to Comment morkov
morkov's picture

maybe they know by now that Libyan gold is not actually there to plunder...

Mon, 08/22/2011 - 19:07 | Link to Comment trav7777
trav7777's picture

more interesting than the dollar price is the price in other currencies.

You've got 4 digits in everything (sounds like my previous gf lol), 146k yen (strong yen?), 1329 EUR, 1159 GBP, freakin 3059 reais (from a trading range down in the 2200s before this breakout)...gold is just cranking momentum in all currencies at this point.

Mon, 08/22/2011 - 19:27 | Link to Comment Smiddywesson
Smiddywesson's picture

Good point Trav.  I have noticed that everything is increasingly relevant only if you observe it from the viewpoint of all currencies, all equities, and all interest rates.

The average American doesn't know the difference between nominal and real prices, and the reality is, everything is a moving sidewalk.

Tue, 08/23/2011 - 01:31 | Link to Comment Don Keot
Don Keot's picture

I can't believe how many people, including the MSM think that FRN's control the price of gold.  Don't they understand that gold judges all currencies?

Tue, 08/23/2011 - 01:44 | Link to Comment StychoKiller
StychoKiller's picture

Do you always ask questions that you KNOW the answer to?  (Pardon the bad grammar!)

Tue, 08/23/2011 - 01:49 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

i made a similar point earlier, today (or tried to) when i challenged someone who was quoting an "authority" that the euro was strong, and the place to BE b/c blahblahblah by pointing out that, with the phyzzZZZ, ya got leverage 'cuz it covers all the styoooopid paper currencies at once!

but 4 digits?  everywhere?  man, you are practically a two-fisted dink-er!  i betcha miss her sometimes, too.  slewie wld!  your story reminds me of my old...

Mon, 08/22/2011 - 19:53 | Link to Comment legal eagle
Mon, 08/22/2011 - 21:18 | Link to Comment e_goldstein
e_goldstein's picture

and in a couple of months, one ounce will buy you an entire neighborhood.

Tue, 08/23/2011 - 00:50 | Link to Comment HungrySeagull
HungrySeagull's picture

North Ave is still dirt and grass from the 68 roits. Want it?

Or howbout dat highlandtown?

Tue, 08/23/2011 - 00:49 | Link to Comment HungrySeagull
HungrySeagull's picture

And a few links from those heavy gold chains will buy you some peace for a time.

Mon, 08/22/2011 - 18:45 | Link to Comment smore
smore's picture

Religion bitchez!

Mon, 08/22/2011 - 20:51 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

I continue to be amazed that Turd Ferg. advised all his readers NOT to buy the summer gold rally.  That was ~$400 ago! 

For someone who tracks gold prices hourly and has an entire website devoted to the precious metals market, that was a HUGE MISS!

Has gold ever moved this much in a two month time frame?  Ever?

*LOL*

No doubt, this was the worst prediction of 2011, and that even includes tmosley's monthly prediction of a COMEX implosion.  That guy has predicted a COMEX blowup every month for three years! *LOL*

Doomers are funny.

 

 

Mon, 08/22/2011 - 21:08 | Link to Comment fuu
fuu's picture

Got your ass handed to you in the Ron Paul thread so you are back to barking up Turd's tree?

 

Sad dude, sad.

Mon, 08/22/2011 - 21:45 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

Ass handed to me?  WTF are you talking about?

There's not one thing I said that was wrong.  In fact, none of you doomer goons had any idea that JPM (or individuals contributing on their behalf) was a top contributor to RP's campaign in 2008.  None of you idiots knew that.

The $8M in shrimp research?  True.

Constitution doesn't say anything about shrimps?  True.

Top porker in Washingon?  True.

Takes campaign money from Wall Street?  True.

Requested $400M in earmarks?  True.

Votes no when he knows porked-out bills will pass anyway?  True.

Get a clue.

 

Mon, 08/22/2011 - 21:50 | Link to Comment Bay of Pigs
Bay of Pigs's picture

You are, without question, the biggest fucking douchebag on this board.

Get some help.

Mon, 08/22/2011 - 21:59 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

Just because I expose the hypocrisy of your candidate and the fallibility of your favorite market analyst doesn't mean you should be hostile towards me.  If anything, you should thank me for showing you the truth.

Sometimes I feel like Copernicus around here.

Mon, 08/22/2011 - 22:14 | Link to Comment fuu
fuu's picture

No see Copernicus started a revolution of ideas. You're trolling one.

Tue, 08/23/2011 - 00:53 | Link to Comment TruthInSunshine
TruthInSunshine's picture

 

 

 

100 bernankclownbux says Libertarians fo... is really Spalding, RoboTarder, Leo Welfare State K or Harry Urinal Cakes Wanger (or all of the above).

Wed, 08/24/2011 - 21:17 | Link to Comment fuu
fuu's picture

He's Red Neck Repugnicant.

Tue, 08/23/2011 - 01:26 | Link to Comment Burnbright
Burnbright's picture

Pretty sure he is either spalding or methman. Both of them stuck to turd like flies on shit.

Tue, 08/23/2011 - 06:27 | Link to Comment nmewn
nmewn's picture

Could be all the above (same boiler room clic)...I seen him call tmo by his name...dead giveaway.

Mon, 08/22/2011 - 23:21 | Link to Comment tickhound
tickhound's picture

 

 

Sometimes I feel like Copernicus around here.

Sure genius... however I'm reminded more of Otto from A Fish Called Wanda.

http://www.youtube.com/watch?v=5YKbYLb5GVc

Tue, 08/23/2011 - 05:46 | Link to Comment Maniac Researcher
Maniac Researcher's picture

Can't you see they're open to information that contradicts their worldview, Darwin?

Ideology *must* inform reality at all costs! /sarc off

But in all seriousness, this whole show has very little brains in front or behind it. Why the hell would any outsider take what is being presented here seriously? Both the posting and the comments are so ridiculously shallow and politically extreme that no one who isn't already convinced of the impending apocalypse-cum-bigoted libertarian paradise is going to buy this. Sorry guys, but your semi-affluent myopia concerning pm's is a very tiny part of reality on Earth. Your audience has either covered their ears to all other views or is possibly too ignorant to understand when they are being fed very little actually useful data and quite a lot of opinion.

That insecurity you feel as you plan to type a defensive comment is the background noise of all the data you choose to ignore. It is quite likely that if you stepped outside your ideological comfort zones, you might come across some facts that counter your worldviews. Remember when people used to challenge themselves in order to inspire confidence in themselves and others? Wow, what a spectacular failure of character is on display here. It seems to me that deriding everyone who disagrees with the views here [and I've spelled them out many times..track if you need to] - even slightly - has made most of you very weak debaters.

You can't hold onto your convictions, folks. Let's go down the list of failed rebuttals to what I'm presenting here, shall we? What are we likely to see next?

- You can do the mirroring thing, basically repeating my argument because you have no creativity. This is the rhetorical equivalent to "I know you are, but what am I?" Sad..and kind of pathetic.

- You might take the strawman approach, putting me in various camps ranging from raving socialist to corporate statist because you desperately want to change the subject. This kind of statement also bothers many of you because it's difficult for you to face the possibility that a critique of something can exist without being attached to some clearly defined partisan camp. Because you see the world this way, this is an example of your ideology distorting your reality again, btw.

- Some of you attempt to appear clever by inviting "serious conversation" right after a round of ridiculous bile-filled name calling. Yeah sure, I'll get right on that.

- My favorite though, is when you deny that there isn't rampant anti-woman, racist, and homophobic bigotry that is condoned on ZH. It's kind of an obvious weakness when one is going for empirical, tough minded analytical legitimacy. I think the "diversity of opinion" rebuttal I always hear is the biggest gut-buster. Actually not really. You look like assholes. I mean seriously, you must be fucking kidding. Dude, your community has even developed a little +1, -1 scoring system to demonstrate *just* how much you actually support various flavors of hate speech. Bravo. When this one comes up it's the bullseye of hypocrisy.

***

But let's get back to what Zerohedge supposedly is - a site that promotes a certain type of view to a certain class of people. Fine, whatever - it's the internet. However --- the big problem is legitimacy.

You see, when people are feeling anxious and insecure, they reach for all sorts of justifications for the worldview which informs their actions. Thus, when writers like Tyler present these justifications in the guise of empiricism - when the goal really is to promote a particular view regardless of the facts, this is bullshit. And frankly, most of the time it's done pretty sloppily, as it's done here today. It becomes particularly obvious when you watch the same disingenuous behavior repeated over and over again.

 

Anyway, that's the problem when you're trying to present analysis. It has to actually be analytical. What we have here is simply shit talking. Luckily, this is why god invented calling bullshit.

Tue, 08/23/2011 - 14:06 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Why post here if you think it's all bullshit?

BTW, I found nothing worthwhile in your little rant. Shallow, arrogant and condescending.

Mon, 08/22/2011 - 21:52 | Link to Comment ColonelCooper
ColonelCooper's picture

Dude, better run along.  Mitt's hollering for you.  He can't find his Just for Men gel, and he needs his salad tossed.

Mon, 08/22/2011 - 22:08 | Link to Comment nmewn
nmewn's picture

LOL!!!

Don't give it away!!!...make them pay for it ;-)

Mon, 08/22/2011 - 22:29 | Link to Comment Bay of Pigs
Bay of Pigs's picture

+1

Nice to see you again Col...

Turds site is turning into a beast. It will be a force to be reckoned with going forward.

Tue, 08/23/2011 - 00:38 | Link to Comment Crisismode
Crisismode's picture

 

 

 

F

U

B

M

Mon, 08/22/2011 - 22:44 | Link to Comment Hulk
Hulk's picture

You forgot to mention that "special" Libertarians for prosperity salad dressing with the hand pump applicator...

Mon, 08/22/2011 - 23:09 | Link to Comment Libertarian777
Libertarian777's picture

sorry just have to jump into the fray here.

 

top 3 contributors to Ron Paul in 2008 were the Navy, Army and Air Force. 3 branches of the MILITARY. Yet he is NOT advocating war. Doesn't that tell you something about the constitutients who are voting from those branches?

JPM a top contributor? they contributed a whole... $12,422. Hell the DEPARTMENT OF DEFENSE contributed more ($19,498).

http://www.opensecrets.org/politicians/contrib.php?cycle=2008&type=I&cid...

 

And get your facts straight. Has he put ANY request for funding in a bill he's presented? NO.

How does the political system work? Do all bills issued by congress have their budgets finalised at the time of voting/passing? Uhnn.. NO. Congress votes on an appropriations bill, which Ron Paul always votes NO against. But since they get passed, he requests EARMARKS from the already approved funding to get his constituents' TAXES PAID back.

 

Tue, 08/23/2011 - 00:40 | Link to Comment Crisismode
Crisismode's picture

The Douchebag does not understand a single word you are saying.

 

Don't waste your breath on him.

Tue, 08/23/2011 - 01:09 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

....he requests EARMARKS from the already approved funding to get his constituents' TAXES PAID back.

That's an incredibly dumb thing to say.  That logic could be applied to any politician who wants to make an excuse for their earmarks.  All government spending could be excused as an attempt to get some value back for taxes paid. Why are RP's earmarks different than anyone else's?

It's amazing that RP can spend $8M on bullshit "shrimp marketing," and you guys think of it as getting "taxes paid back."  Yet, if any other politician spends money on bullshit, it's wasteful spending as usual.  You guys are so blinded by your infatuation with libertarianism and RP that you can't even acknowledge simple truths.

And this doesn't even address the hypocrisy of RP's strict views of the constitution.  Every chance he gets, he says that if a bill isn't directly supported by the spirit of the constitution, then he doesn't support it.  Where in the constitution does it mention "shrimp?"

Hypocrisy!

Libertarians: Like Tea Partiers, we believe in a strict interpretation of the Constitution for everyone, except us!   

 

Tue, 08/23/2011 - 02:36 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

ya know, i don't think r.paul is so hot, either, altho i like his book title...

why slewie?  well, b/c he had a chance to LEAD those who were against raising the debt ceiling, try to stop the bill that passed from getting started in the House, and get his son to maybe try a filibuster in the senate, also as a show of leadership in the "family" and he (they) just decided to...follow...and also to pretend that to stop the ceiling upskie was inferior strategy to the fuking "balanced buget amendment" when it woulda had the same practical result, NOW  (i.e. balancing the buget, which actually means spend what you take in, without more freaking debt, if that's not too hard for zeroHeads to grasp)!  and, i published these ideas, here, in real time, as it was all a-happening, as some of you may, perhaps, recall, but only if you "like me" probably, for many, if not most, involved, here

i guess he thought nobody could think outside the MSM, bankster, internationalist box and see that.  so, he "got in line"  wasn't "uppity" and was part & parcel of making sure that the council on foreign relations wouldn't get upset, that the fuking budget will never get balanced, and that we'll now have a "super ass-fuking cumming from TPTB" (his puppeteers, it seems to me)

also, the same day that he and his kin made certain that this styoooopid bill would be passed,  (i.e. the day it actually passed) he introduced legislation not to pay the FED for $1.6 Tril of Ts on its bal sheet b/c "We owe it to ourselves" which is just about the dumbest fuking legal argument that slewie has ever heard, and he based it (according to his "bill") on the Constituion (!) [art. I, sec 8, if i recall, offhand]  wtf?  are you kidding moi? 

unhhh...this leads me to opine, "logically" that in his gyno-mind, "We The People" = the indebted goobermint (incl the Treasury) and also = the FED b/c, you see, "We owe it to ourselves!" 

if people are dumb enuf to fall for this asshat's "shtick" there's nothing i can doodoo abt it and good luck 2ya, BUT, personally, i am gonna support ralph nader.  again.  why?  b/c i think that he is the very best "candidate to date" and he has a much stronger track record of pulling for the people, against TPTB, is clearly a fearless fuking leader, and is also "cleaner" pac-wise than r.paul, too!  Simon & Garfunkel - Mrs. Robinson - YouTube

so, thank you for standing up for yourself to the "junksterz" some of which were honest enuf to try to refute you, even tho, imo, they failed, most certainly due to a)  conditioning, and b) a certain propensity to "join the herd" b/c of "hope for change", of course,...and also they are m/l blind, as we might say, for "some reason"...but i'm repeating myself...as were you...

Tue, 08/23/2011 - 01:46 | Link to Comment StychoKiller
StychoKiller's picture

Why don't you two get a room? (And no, I don't care to know WHO operates the whip & chains!)

Mon, 08/22/2011 - 18:51 | Link to Comment Pegasus Muse
Pegasus Muse's picture

" Incidentally, those who are long spam ... "

Spam? Oh, yea ... silly me.  I misread that as "Scam" which, of course, would mean you are referring to GLD & SLV. 

Mon, 08/22/2011 - 19:10 | Link to Comment The Shootist
The Shootist's picture

Isn't Nouriel Roubini long spam? Ha!

Mon, 08/22/2011 - 19:18 | Link to Comment Transformer
Transformer's picture

That's my only other investment besides PM's.  Spam to the moon, Bitchez!!

Tue, 08/23/2011 - 01:38 | Link to Comment Don Keot
Don Keot's picture

Damn, velveta is going up like crazy too.  Nothing better that a spam and velveta sandwich.

Mon, 08/22/2011 - 21:55 | Link to Comment mayhem_korner
mayhem_korner's picture

The "long spam" mark made me do it...

http://www.youtube.com/watch?v=anwy2MPT5RE

 

Mon, 08/22/2011 - 20:57 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

Tonight we take you back to ancient Rome

www.youtube.com/watch?v=RSOu5C55kUA

 

Mon, 08/22/2011 - 23:33 | Link to Comment Spastica Rex
Spastica Rex's picture

+1 for Muppets.

Tue, 08/23/2011 - 04:53 | Link to Comment slaughterer
slaughterer's picture

Keeping physical, but shorting this pop over $1900 overnight.  The stretch from $1900 to $2000 should be a protracted battle.  

Mon, 08/22/2011 - 18:37 | Link to Comment Dangertime
Dangertime's picture

It is getting close to put-buying time!

Gold is undervalued at $2000 per ounce, but that will not stop it from correcting back to $1700 or so.....

Mon, 08/22/2011 - 18:49 | Link to Comment phyuckyiu
phyuckyiu's picture

I saw you the other night at Blackhawk Country Club, you'd think the ladies would see through your Rogaine and black hair dye, but I saw that silicone botox'd Flip mutt your brought, she's too stupid to realize it's all leased anyway. THUMBS UP!!

Mon, 08/22/2011 - 18:52 | Link to Comment spiral_eyes
spiral_eyes's picture

gold is undervalued at $9000 an ounce.

enjoy your puts. 

Tue, 08/23/2011 - 00:23 | Link to Comment BigDuke6
BigDuke6's picture

http://www.goldmoney.com/video/sprott-turk-interview.html

apologies if this has been here b4, just saw it and was blown away.

Tue, 08/23/2011 - 00:47 | Link to Comment Crisismode
Crisismode's picture

He will be cashing them in at $3500. no doubt.

 

 

Easy on the way up.

 

Not so easy on the way down.

Eat Angela's shit and die you Porche turd.

Mon, 08/22/2011 - 18:49 | Link to Comment Raymond_K_Hessel
Raymond_K_Hessel's picture

I agree.  I'm long, but looking to buy short-term puts when we get to $1,950.  No doubt TPTB will stuff this back down with margin hikes and short selling paper gold.  Plus we've seen such a powerful run, there's bound to be some profit taking.  Long term, gold goes much higher, short term, correction to $1,700 seems perfectly reasonable.  Oh, and when Ben doesn't announce QE3 on Friday, gold will probably get kicked down a buck.  I know, I know, the market has priced this in, but reality always seems to set in after the fact.

Hate me if you want, I'm just saying its worth a few bucks to buy some puts and if they go up, sell 'em and buy more physical.

Mon, 08/22/2011 - 18:59 | Link to Comment Instant Karma
Instant Karma's picture

I can see a series of margin hikes beginning any time now. Good time to buy. Just as when the Swiss or the Japanese intervene in the forex markets. Time to buy.

Mon, 08/22/2011 - 19:09 | Link to Comment nmewn
nmewn's picture

I have nightmares that they won't do it this time.

They might just let it run (again, I say, in fiat terms) so the average Joe thinks he can't "afford it" even as the dollar (the labor value) they would save by the exchange crashes and burns like, well, ummm paper...lol.

Ah well...one last toast to margin hikes, for the people ;-)

Mon, 08/22/2011 - 19:20 | Link to Comment walküre
walküre's picture

They will pull the plug just like they always did when enough suckers have piled enough cash into the game.

Nothing else really matters to them or anyone that understands how their game is played. If THEY (TPTB) wanted to own all or most of the gold in the world, they could easily buy the miners and the claims.

It's a game. Just that this game is playing on people's fears and convictions.

Mon, 08/22/2011 - 19:42 | Link to Comment DosZap
DosZap's picture

walkure,

Well, this time they have to UNplug the WORLD.

It was easy when it was just he US owners............whole new game.

Mon, 08/22/2011 - 19:39 | Link to Comment Smiddywesson
Smiddywesson's picture

Ding!!! We have a winner, and Walkure gets the Big Brain Award today.  Yes, they will change the rules mid stream when it suits them.  Sorry Bitchez, no hyperinflation to get you out of your mortgage and crush the bankers.  No deflationary death spiral either.  They will just pull the plug and put us on the Spam standard, the wampum standard, or whatever abortion of a standard that suits them.  Hmmm, what have they been buying to prepare for this????

Mon, 08/22/2011 - 21:18 | Link to Comment mayhem_korner
mayhem_korner's picture

Agree on intent.  Not so sure on TPTB's capacity to execute.  Numbers are getting too unwieldy and there is REAL fear in the towers.

Mon, 08/22/2011 - 23:38 | Link to Comment Spastica Rex
Spastica Rex's picture

I'm starting to doubt their omnipotence as well.

Mon, 08/22/2011 - 21:45 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

When that happens, they won't buy the miners, they'll steal them or tax them into oblivion.

Tue, 08/23/2011 - 00:51 | Link to Comment Crisismode
Crisismode's picture

Walkure.

 

LOSE.

So Sorry, you have no brains.

Mon, 08/22/2011 - 19:13 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Margin hikes will effect the big shorts at JPM, HSBC, et al...

The paper game is coming to a close...

TPTB are afraid that margin hikes might not work, but backfire, and blow the hell out of CRIMEX, LMBA, and their other paper manipulators.

Perhaps Chavez is not the only one to request their physical be returned?

Mon, 08/22/2011 - 19:40 | Link to Comment Smiddywesson
Smiddywesson's picture

I never thought of that Snidley, can that be done quietly?

Mon, 08/22/2011 - 19:48 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

SW, I have read two different accounts of Germany requesting it's gold be returned but they are not substantiated... rumors, iows. The supposed request by Germany came about 2 months ago.

We will see. Something as big as Ger requesting it's gold cannot be kept quiet forever.

Mon, 08/22/2011 - 20:09 | Link to Comment DosZap
DosZap's picture

Snidely,@19:48

" I have read two different accounts of Germany requesting it's gold be returned but they are not substantiated... rumors, iows. The supposed request by Germany came about 2 months ago.We will see. Something as big as Ger requesting it's gold cannot be kept quiet forever."

 

What's the LAST thing the PTB want brought into the light of day?.

TRUTH.

Germany is complicit in the NWO scheme, Chavez ,like (Ackmajagginoff) hates our guts,so he broadcasts,does anything to hurt us,fiscally/world view,their end goals are diametrically opposed.

Mon, 08/22/2011 - 20:39 | Link to Comment Smiddywesson
Smiddywesson's picture

The true insiders amongst insiders, the Fed and the ECB nations, don't need to repatriate their gold.  They are part of the conspiracy.  The gold is there to facilitate the conspiracy, not to protect it from the Soviets.  It is there for a reason, otherwise it would have been returned when the Berlin wall fell.

Mon, 08/22/2011 - 21:43 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Good point Snidley.  We certainly would't expect the establishment media to cover another story of a country wanting possession of their gold if they didn't have to.

Tue, 08/23/2011 - 00:31 | Link to Comment delacroix
delacroix's picture

didn't germany ask for theirs, last year?

Mon, 08/22/2011 - 19:07 | Link to Comment Pegasus Muse
Pegasus Muse's picture

Aren't we getting beyond Paper Price Suppression tricks now?  Once the big holders of gold bullion demand its return the game changes.  Now the Banksters have to scramble to come up with the bullion.  Given that reality, not sure the COMEX paper games will work.  It's looking like the great awakening has begun.

Mon, 08/22/2011 - 20:54 | Link to Comment Pegasus Muse
Pegasus Muse's picture
The theory that governments and bullion banks may not have the gold they claim to hold will be put severely to the test as Venezuela seeks to call in its overseas gold holdings

 

Chavez move could drive gold through the roof - and put confiscation on the cards again 

Author: Lawrence Williams
Posted:  Monday , 22 Aug 2011

LONDON - 

Long dismissed by the mainstream as conspiracy theorists and a fringe organisation which appeals only to right wing gold fanatics, the Gold Anti Trust Association (GATA) is at last beginning to feel totally vindicated by events.  Over the years since its foundation the organisation has unearthed some telling official evidence of government and central bank meddling in the gold market - perhaps to try and stabilise currencies, given gold is seen by many as a bellwether of the health of the dollar and, by association, of most of the world's other currencies.  True, some of GATA's ‘findings' may revolve around making the facts it has uncovered fit the founders and supporters of the organisation's basic theories, but it seems that many of the pressure group's warnings and predictions are beginning to come true and find more favour with some key economists.

At the heart of many of GATA's arguments is the theory that much of the world's gold reserves held by central banks, and by the bullion banks, is no longer really there - or if it is there that title is held to each gold bar by a large number of different organisations and people simultaneously.  Much of the Central Bank and bullion bank gold holdings are claimed to have been leased, loaned or sold over the years and although the banks may theoretically hold title to this gold much of it, according to GATA, has disappeared into the broader financial markets and is unlikely to be recoverable by its purported banking sector holders.  

If this is actually the case - then a move such as that by Venezuela to repatriate its gold holdings held in foreign vaults in New York, London, Zurich et al - could exert a serious squeeze on the gold markets as the bullion banks and central banks try to source the physical gold that may have disappeared from their vaults to deliver to Venezuela.  Either that, or they default - or are protected by some newly, and rapidly, imposed government strictures on physical gold exports to obscure the situation even further.  Chavez would, of course, cry foul but there might be little he, or his government, could do about it apart from confiscation of any remaining foreign-owned assets which have not yet entered his nationalistic grasp.  We wait and see what actually happens.

If gold is in as tight a supply situation as GATA claims, then without government protection the bullion banks and central banks will have to between them somehow lay their hands on a massive 211 tonnes of the yellow metal to send to Venezuela.   Don't expect them to accomplish this in a hurry - and even if they can manage to pull this amount of physical metal together the impact on the gold price could be massive.

Should Chavez get his physical gold without any fuss, or serious impact on the gold price, then perhaps GATA will have been barking up the wrong tree in their analysis of global gold holdings and this would be very bearish for the gold price.  However should banks and governments start putting obstacles in the way of such a transfer, GATA will have even more ammunition for its campaigning stance - and the gold price would likely skyrocket to new highs..

A sobering thought too for physical gold holders is that any government legislation aimed at protecting the central banks and their gold holdings from a growing move to take delivery of physical could also be extended to individuals' gold holdings.  Could confiscation of gold be a step nearer again?

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=133930&sn=Detail&pid=110649 

===============

 

Some readers speculate the CME/COMEX Margin Hikes will end the surge in Gold.  GATA president, Bill Murphy, offers up a market dynamic worth considering before concluding the Bullion Banksters retain their same perverse control over the Gold Market: 

"Boy how times have changed! Gold is $1850+ and silver is approaching $43 an ounce. Since GATA's historic gold conference at the Savoy Hotel in London on August 4, 5, and 6, gold has leaped $185 per ounce. It has been a move of breathtaking proportions, as our long awaited Commercial Signal Failure has given the long side a tailwind. This means commercial shorts, who normally sell rallies, have been forced to not only not sell, but cover their short positions, leaving more of a vacuum above the market."

 

Mon, 08/22/2011 - 21:05 | Link to Comment DosZap
DosZap's picture

Pegasus Muse, @ 20:50,

I know you just pasted this in, so nothing personal.

"Should Chavez get his physical gold without any fuss, or serious impact on the gold price, then perhaps GATA will have been barking up the wrong tree in their analysis of global gold holdings and this would be very bearish for the gold price."

I call BS here, as if he gets his Gold, then So what?.,It will not change ONE thing relative to World affairs, and the mess we are all in.

Secondly, where did the #211 Tons number come from?.

Chavez's (Venezuela's holdings ) is in excess of 380+tons, not 211.According to TWO separate charts ,seen here, and elsewhere......................  

The end of this article smells like crap, and IMHO is painting a canvas that has no need of a portrait.

(Almost like an Agent Provocateur hit job on GATA.)

While we are likely to see a correction (hopefully to 1700-1750), which would be healthy long term, the facts remain the Western world is in the shitter,no TP forthcoming, and in Dubai premiums are 500-750% above the cost per coin.

One article reads the Japanese are dumping like crazy, and the folks in Dubai, are paying thru the rectum for physical..............

Who do you believe?...............

Tue, 08/23/2011 - 03:05 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

i like GATA b/c of what they publish, i guess.  i find it truthful and generally straight up.  however, i do not believe that their conference caused the price to go ape-shit and i certainly wld be surprised if even the most raving goldbugs there claimed that for themselves, and, disappointed, too!  co-incidence is not causality.  and (occam's raze) it is not the most "efficient hypothesis" to my mind, b/c it is trumped by "oceans of fiat and no counterparty, too!"

what tf are people "worried" abt if they have physical PMs and were smart enuf to buy them abt 60-80% "ago"? huh?  or even last Spring?  or last month? 

WHO FUKING CARES?  do NOT "sweat the small stuff"  (both of you!)

@ dos,  re the 211:  my dear ciga, i "think" that the 211 = # of tons not in physical possession in venezuela, of the total (which is more, as your data indicate) at the present time = the amount they are "calling" from the fuking banksters, who are "holding" it in london, canada, ny, and possibly st. elsewhere

c'mon, people, it's only money!

Mon, 08/22/2011 - 19:16 | Link to Comment DormRoom
DormRoom's picture

don't do it yet.. gold is about to go parabolic like any bubble...

Mon, 08/22/2011 - 19:23 | Link to Comment walküre
walküre's picture

Up 30% in 2 months time is NOT yet parabolic?

Mon, 08/22/2011 - 19:28 | Link to Comment DormRoom
DormRoom's picture

no..think nasdaq parabolic.

Mon, 08/22/2011 - 20:49 | Link to Comment Smiddywesson
Smiddywesson's picture

In a speculative bubble, up 30% is parabolic.  

However, when tens of trillions in global worth are trying to rampage down the rapids into gold, the waters are going to have to speed up and rise to get through that narrow canyon.  There is no other lifeboat, and gold will rise as fast and as far as it has to to accomodate tens of trillions of panicked fiat.

                        - Smiddy (enjoying a good chardonnay)

PS:  Charts and rules of thumb don't work in this hurricane.  I laugh at historical arguments that don't fit the history.  Unless it dates back to the 1920s in Europe, or the 1930s in the US, I'm not convinced by technical arguments. 

 

Tue, 08/23/2011 - 01:58 | Link to Comment StychoKiller
StychoKiller's picture

I feel a lot like Daniel:  I see the writing on the wall, I understand it (but I don't understand WHY everyone else is so tone-deaf!).  I'm NOT looking forward to The Great Implosion™ that's coming!

Tue, 08/23/2011 - 03:35 | Link to Comment HungrySeagull
HungrySeagull's picture

Make sure you seal the ears and keep mouth open against the blast wave that is coming.

Mon, 08/22/2011 - 21:38 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

No, parabolic is 30% in one day!

Mon, 08/22/2011 - 19:46 | Link to Comment Smiddywesson
Smiddywesson's picture

Yes, it will go vertical like any parabolic, but mere speculation is not driving it, so it will surprise us all, even the gold bugs, in how very far is can travel before it runs out os steam.  Central banks hold it, and they are insolvent.  They will use their considerable powers to ramp gold prices. 

Mon, 08/22/2011 - 20:05 | Link to Comment scatterbrains
scatterbrains's picture

pehraos

Mon, 08/22/2011 - 21:22 | Link to Comment mayhem_korner
mayhem_korner's picture

It's not a bubble.  It's that Alpha currency.  It stands its ground while everything around it moves.

Tue, 08/23/2011 - 02:00 | Link to Comment StychoKiller
StychoKiller's picture

Frames of Reference, Bitchez!  Not just for Quantum Mechanics anymore (get you some!)

Mon, 08/22/2011 - 20:57 | Link to Comment johnnynaps
johnnynaps's picture

I might have to agree. Hunting season begins once gold hits $2000. Targets could include but are not limited to Illegals with gold grillz, welfare recipients with gold grillz and rappers with mouthfuls o' gold! Happy hunting:)

Mon, 08/22/2011 - 21:51 | Link to Comment SamuelMaverick
SamuelMaverick's picture

Be careful going short, the recent run up literally wiped out a bunch of shorts in the London market.....I am not talking a bloody nose, I am talking they got their heads lopped off.

Mon, 08/22/2011 - 18:50 | Link to Comment walküre
walküre's picture

Buy gold now or be priced out forever.

You heard it here first. You know the rest of the story.

The spike in gold futures 2011 is comparable to the spike in oil futures 2008. It's a paper game.

When the paper weaklings get scared away with a 25% loss yoy, the attention will be gone.

 

Mon, 08/22/2011 - 18:55 | Link to Comment DormRoom
DormRoom's picture

look @ the nasdaq bubble.

 

[graphs are log-normal]

 

http://www.metalaugmentor.com/wp-content/uploads/2011/08/NASD_1990-2001_...

 

Now compare it with gold

 

http://www.metalaugmentor.com/wp-content/uploads/2011/08/GLD_log1.png

 

gold is clearly in a bubble, and now in the greed stage.

 

http://upload.wikimedia.org/wikipedia/commons/thumb/4/4b/Stages_of_a_bubble.png/800px-Stages_of_a_bubble.png

 

Increased  money supply will push up ALL long term commodity prices.  Gold just got there ahead of the others due to its historical legacy.  But it is now overshooting its long term price trend line, that I believe to be around 900-1100USD, given current global M2.

Mon, 08/22/2011 - 19:09 | Link to Comment dumpster
dumpster's picture

But it is now overshooting its long term price trend line, that I believe to be around 900-1100USD, given current global M2.

you believe lol

that and 2.00 bucks gets you a small drip coffee.

you or sinclair .. i take the pro.. which leaves you setting in a small private sand box

and your insight on gold gets a minus 10..

 

Mon, 08/22/2011 - 19:23 | Link to Comment Transformer
Transformer's picture

"gold is clearly in a bubble, and now in the greed stage."

You got that right!  Gimme, gimme, gimme?  I want some more.  and I aint sellin' it for a long time, either.

Mon, 08/22/2011 - 19:09 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

"that I believe to be around 900-1100USD"

Let me know how that goes at $1000 gold again, pm me when it gets there, I'll own my own island by then, picture me rollin.

Mon, 08/22/2011 - 19:50 | Link to Comment Smiddywesson
Smiddywesson's picture

Yes indeed.  You see, the more intelligent you are, the more you can convince yourself of anything.

Gold is going up because everything else is alight with the fires of an unsustainable system.  Perpetual growth was never perpetual.  The people in power know where this is going, and they are all, all over the world, all at the same time, buying gold.

I mock your petty charts.  

Mon, 08/22/2011 - 21:28 | Link to Comment mayhem_korner
mayhem_korner's picture

Increased  money supply will push up ALL long term commodity prices.

This is a "tree" view, oriented on the basis of fiat currency.

The "forest" view recognizes that gold is real money - the Alpha currency - and fiat currencies are falling away.

Thus increased (fiat) money supply is chasing real money (gold) as fast as conviction is spreading, because gold is what's going to buy those other commodities.  Further decoupling from other commodities is more likely, and I think Ag is just getting into 2nd gear...

Mon, 08/22/2011 - 18:55 | Link to Comment DosZap
DosZap's picture

Dangertime,@ 18:37,

WE can only hope so( Would like to snag another 40-50ozs at $1,700.00)................................if the Comex was smart, they would hold off the Margin Hikes.

All that does is diminish the supply of physical even more.

Mon, 08/22/2011 - 18:59 | Link to Comment trav7777
trav7777's picture

yeah, I saw 14-period RSI in excess of 80 today, which is pretty overbought.  Last time it went up to these rarified heights it traded mostly sideways after a correction, for a period of 2 or 3 months

Mon, 08/22/2011 - 19:18 | Link to Comment Not For Reuse
Not For Reuse's picture

lol, I don't know man... 4 up vs. 7 down? Compare that to April, when suggesting that silver was due for a correction was like saying you molested children or agreed with Paul Krugman. Maybe post this comment in a few weeks and see what the reading is then

Mon, 08/22/2011 - 19:25 | Link to Comment Dangertime
Dangertime's picture

Congratulations Reuse......you have figured out part of my game.  Testing reactions of the investors.

Tue, 08/23/2011 - 02:02 | Link to Comment StychoKiller
StychoKiller's picture

Investors?  You are looking for fish in the treetops.

Tue, 08/23/2011 - 02:15 | Link to Comment phyuckyiu
phyuckyiu's picture

He's just a little bitch trying to act superior. We get them all the time.

Tue, 08/23/2011 - 02:14 | Link to Comment phyuckyiu
phyuckyiu's picture

As we've said all along botox boy, it's really not that important that you made a few extra thousand dollars during an Evil Empire raid. Our silver coins had a 3 month holiday, and you have to re-up again since you sold. And you made a few extra thousand. Whoop de fucking do. The fact that you try to act better than all of us as a result, as if somehow you were some superior bitch, rather than congratulating us that we are all in the same physical metal life raft together, means you live a shallow, petty existence with no real solace, just going bar to bar hoping some 50 year old washout notices you. Oh right I forgot, that means i'm jealous of you. Right. If only I had your extra winnings I can be l33t like you. Right.

Tue, 08/23/2011 - 05:49 | Link to Comment Dangertime
Dangertime's picture

Cryyyyyyybaby!

Mon, 08/22/2011 - 19:52 | Link to Comment Smiddywesson
Smiddywesson's picture

Absolutely, but I disagree with your numbers.  What is considered a correction of late is 2-7 days of sad faces and then everything is happy, happy, happy again!!!!

Your correction to $1700 or so might very well happen, but if it does move far on the price axis, it won't move far on the time axis.  OK, $1700 overnight, but we won't see a close at $1700 again in my lifetime IMO.

PS:  Your post made me think of things I haven't though through before and 7 people junked you????  Why?

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