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should read False Hope
in other news Roubini hanging with Gore
In reality, there never was any real hope.
<---- Gold gets hammered at 2:15 p.m. no matter what Ben says
<---- Gold doesn't get hammered at 2:15
Informal poll. I'm curious what other people think.
If the Bernank "disappoints", I see gold maintaining it's current range of 1700 - 1900. If he doesn't, we'll be above 2K in short order.
I think there are too many preset traps on gold for it to move too high in the immediate term. If Benocide cranks up the presses, the flock will move to equities as directed. It'll take a few weeks for the euphoria to retrace, and then gold marches forward.
But I think Ben is going to hold his carrots until another day.
While everybody is focused on the french banks the momo around spain has allowed them some breathing room. Of course that's false but the "markets" are what they are nowdays. But just to remind this is the "new normal" in Spain despite the propaganda that they have their house in order. Wonder when the "market" will wake up and start sniffing the conditions in spanish cajas. Lights out!
Itallian 10yr settled on the highs :) Next leg up could be the clincher ;)
Good news: These 10 nations have formed a 'Super Pool' of funds, with which to rescue not only European Banks, but the Eurozone, itself.
The crisis is now officially resolved with their soon to be released plan and press conference.
I heard Zimbabwe is providing expert level consultation to the man with the beard. Trichet wanted that too but he was told the consultation was only for major league printers.
And all they need is your personal bank acount number and they will do some QE for you! No, Really!
I have a Zimbabwe $100 Trillion bill in my desk drawer. I'd be willing help bail out the Italian's and trade it for a Ferrari, okay a fiat?, it's gotta buy a Vespa right?, a pair a shoes, bottle of wine?, a nice torrone chocalate bar?....ugh
I also heard that North Korea would be the lender of last resort to this remarkable pool, so all is well and safe.
Word is NK does a bit of $ printing itself. Just wants to help out I guess...
friend gave some gold last week, I do not what to do with it?? cannot eat gold?
Spend it on some grammar lessons?
with a pretty italian girl who has left Berlu's patronage as he is now off the blue pill and put on of forced austerity.
Go exchange your gold for cash and feast on that. I've heard the $20 bills are the best tasting.
DAX down 2.4% on "no news" - already some leakage from TheBernank behind the scenes?
Warning: The Twist may lead to anal leakage.
Well oil liked the news that supplies increased, now trading up almost $1.50 from the low this morning.
I sure like how rigged the commodity market has become. Anyone have a guess to why we got a $1 vertical spike?
EUR/USD just took off .
french banks moving up on rumors of recapitalisation.
looking for silver below $38 to buy some more. Want ASE and buff rounds.
Premiums aren't bad on 90% (junk), too. I've been stacking rolls of Ben Franklins for a couple months now.
I'd worry more about getting it for under 42. 38 dollar silver was mid july. With solar ponzi's imploding it should be going down but since they have thief contracts to come in and scoop it up it's still not making it to market. AL Gore won't shut up about global warming and HAARP is till humming away.
Silver's fucked on a epoch scale.
You might be able to catch a 38 in this chop. But I'd be careful. Gold won't plummet again when equities crash. But solar panels and green fucktards have huge amounts of silver. They will try to control the green groups to push it on everyone. It will work but they don't want it to work "right" they want to control the tech and use manufacturing procedures that just don't goddamn cut it from a strategy perspective. This is going to cause huge trouble and they will be forced to dump. The banks will send in agents to pick it up and try to dump it on the market. But if you catch a 38 it'll be from a 60 drop not a 45 drop. There has to be huge wipe outs for that. As it is now it's simply controlled creap.
The problem with that is if it goes controlled creap then green dipshits will be left with little inventory and no control over silver prices. Which makes the stupid shit they want to do THAT much harder. It'll either be a hanging or a hamstringing. So be careful. Hold till you are hungry.
I think Bernanke will buy euros and dump freshly printed $$$ in Europe. That's his juke-in-a-box they were talking 'bout lately.
Europe closed - soar.
New acronym: BTFEC :)
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