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All going well.
Just gives me a better short entry point.
OK so now for a couple days we'll get the 'Europe was up because US was up on false rumors followed by Europe up again' rally mode, until something in a different area unwinds and they have to regroup and spin rumors about that. All very sane, world markets based upon strategic rumor dumps.
Banking crisis looms, Dexia in troubles. Markets rise. Better explanation: Dexia saved. Situation improved. Told you so.
Schism complete good-bye reality!
FINs looking ugly, again. Calamari starting to stink.
Just in- Citi announces fee hike on checking, $20/month fee (fine) if you carry a balance less than $15,000.
Citi announces new fees on checking accounts - Oct. 4, 2011
It's like they want you to take out your money and buy physical silver.
'Mmmm Thurston it looks simply DREADFUL for the peasantry! Be a dear and pass the caviar and another spot of Lafite to wash it down! Yes Lovey *chortle chortle*' etc etc...
The working class is completely out of control. Agreed.
'We're Bank of America, and we're screwing you!'
Bank of America Ad (Parody) by Mark Dice - $5 monthly fee for debit cards - YouTube
But nowhere near as bad as Citi's screwing you!
LOL headlines are so rediculous. Bloomberg credits today's equities market rise with Europe problems ameliorating...
"as professionals use this strength to rotate hedges or more simply unwind at better marks"
Ok, but I don't get who is stupid enough to be sucker in this unwind?
Long term dollar index (USDX) prediction chart 2012-2018 with description and zoom options ( click on chart, then click on left upper corner zoom symbol) is posted here:
1) That is very important one to understand why there will be no inflation for another 4 years till 2016, why gold will not move up much in 2011-2013, and how USA will finance its needs by issuing even MORE unsustainable debt (held hostage to USD reserve currency status ) even in recession with approval of creditors (held hostage by USD reserves they have and need to continue trade imbalances with reserve currency issuing nation) . USD will deflate (gain in value) during 2012-2014. Recession will continue all this time, debt deflationary one.
2) Then, in 2014 the defaulting process will begin, lasting from 2014-2016, 2 years, with everyone scrambling around to try to position itself best ( if that is possible ) with all means available for the imminent default.
3) Nevertheless, I still stick with silver showing unexplained upside even during deflation period, as shown many times already in silver graph from 35 in Q1 2012 up to 100+-20 USD in October 2012.
4) My thinking is, increase in silver USD price that has to be related not to inflation, but demand/supply issues. I favour explanation that demand will soar NOT because of some sudden new use of silver, but increased OLD use, perhaps very old use. I have only two options-either military buildup, or monetary policy of some sovereign based on silver (NOT the USA).
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