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this is the capitulation we have all been waiting for.. buy it and sit on it.
Go ahead, but your money would be far better invested in Gamblers Anonymous I'd say.
Maybee he means Gold !
Which is shining again.
europe doesn't collapse gold goes higher.europe does collapse gold goes higher. qe3 gold goes higher.no qe3 gold goes higher.death of the dollar gold goes higher.dollar somehow survives gold goes higher.
what an investment.
"Maybee he means Gold !"
Right... Looks like some of the paper coming out of financials is fleeing into gold... Now at $1820.50 and green.
I'll always fess up to losses. I shorted GLD and got singed by a couple of percentage points.
Still gots me physical gold maples and silver eagles, plus bullionvault and goldmoney, which have been reliable thus far.
Yea could be what he meant. Gold here is a bit tough though, great for anyone who bought far lower, a big chunk of change for anyone just looking to buy now.
anyone can sell every piece of gold and silver coin they own in the next hour, locally, @ market less "the vig"
there are buyers all day every day; and sellers; and paper hangers, too!
You trade the nominal sans the real, eh?
I hesitate to say it, but what it *could* be is a recognition of the Swedish approach: Wipe out the shareholders, and nationalize the bank assets.
That would indeed make for quite a weekend...
Anyone assuming that if they own stocks, the FED will surely save them if their shares crater doesnt remember the last 2 years very well. 'Bondholders safe'? Not in GM's case. When they nationalize all the banks and seize all the assets and property, all but the top insiders will get reamed.
SheepDog did you have your mandatory shot of hopium this morning...just listen to CNBC today and all will be well.
I put a block on that channel!
sheep you put a paw on it. the stock holders have been standing against a wall wondering blindfold? cigarette?
it's the bond holders who need to feel the pain. big time.
[When they nationalize all the banks and seize all the assets and property, all but the top insiders will get reamed.]---SheepDog-One
Roger that, SheepDog-One.
"Nationalise money not the banks" - Irwin Fisher
AIB just paid out 1.5 billion euros today
The Swedish approach is 3 years overdue.
Did you check for Solyndra shares? I think they're really affordable right now.
Hope you didn't miss the opportunity to buy and sit on Bear Stearns and Lehman Brothers when you had the chance!
You may be sitting on something soon to be nationalized or bankrupted or both
Hmm. Bad news coming out over the weekend to trigger the necessary equity plunge necessary for QE3 to be green lighted later in the week?
Certainly not out of the realm of possibility for these financial terrorists!
REMEMBER this week Weather Underground known terrorist and Obama best friend BILL AYERS is organizing a 'day of rage' protest TOMORROW on Wall St!
Perhaps. It would be interesting to see what the reaction would be if they'd actually succeed to halt trading. No one bothers unless damage is inflicted.
It's been a looooong time since the Weather Underground. Now, we have Blackberries, and Zynga games.
Good for Bill Ayers.
Enemy of my enemy and whatnot.
Guess I won't be seeking advice from Spastica Rex requiring sound thinking, principled values, and moral discipline.
Good, 'cause I'm no ideologue. Plenty to choose from here; enjoy.
An ideoloque. Thank you for the compliment.
spaZ_rex wins (again)!
Yeah, it's always good when controlled opposition launches a faux attack to help out a friend.
Hegel owns you.
Genießen Sie Ihren Aufhebung.
ass WHOLE - market closed tom
I am not holding any financials over the weekend either...
Europe really is wagging the dog in the financial news this week. It does not look like things will be getting better anytime soon, neither in Europe nor here.
Fewer and fewer places to hide. Got gold?
And if youre bankrupt now, how does saying 'Oh yea we got this fixed, and will start resuming the same old failed crap but not till next year' help the fact that youre bankrupt TODAY? Something else real rotten is getting ready to blow up here, can just feel it.
"Something else real rotten is getting ready to blow up here, can just feel it."
Nailed it, yeah, that's what I feel too, SheepDog. What? Beats me. And I do not see any bankable way to make any money... Short anything? Naah, that never works for me either.
I will not short Europe nor anything here. I'll just hold the gold. Gold gets slapped again, I'll just buy more.
Im not takin the bait either way, these banks and stock owners want OUT!
Ah, not to worry. The ignorant US "markets" will resume uptrend. Geithner and the Chair must be obeyed.
Just wash, rinse, repeat from here on out till the big rug pull out...wont get much up or down either way, its all about crowd control its not a market.
its all about crowd control its not a market.
its all about crowd control its not a market.
Yes. Something rotten this way cometh. In which case, using the SNB reverse gold logic play, gold may see some dirty pool over the weekend to protect us from that frothy speculation that is so dangerous to the metals markets but not to equities.
Financials are fucked, dollar swaps or not
Perhaps corellated with the gold price rise today. "tail risk" over the weekend ....
Something is pushing Gold and PM's back off the floor also........?
Gold was down to $1760s today before asia closed. Up to $1804 as of now. Yesterdays "CBs saved us" moment wearing off fast, better to be long gold and risk protected over weekends....
Gold seems to be the only thing anyone can TRUST.
The drop from $1915 to $1760s is just yet another of the drops we have to be ready for and willing to tolerate as TPTB try to stick save a rotten system, rotting by debt.
Yeah, I'm not particularly shaking in my boots here. Oh no, we sunk all the way back to +26% YTD gains!!!!! The sky is falling!!!! Meanwhile, equities are still negative for the year. If gold drops to $1500/oz., it will have still achieved that mystical 8% annual yield benchmark everyone is trying and epically failing to hit.
Yet, people still think I'm the moron for being heavily invested in gold. Stupid, stupid world we live in.
"Yet, people still think I'm the moron for being heavily invested in gold. Stupid, stupid world we live in."
They will think the same when gold hits $5000 too. "That 15 year chart is going straight up and what goes up must come down" they will announce airily as they congratulate themselves for not buying.
If Gold going from $35 in the late 60s to $1800 today or up 5X since 2001 doesnt convince them to at least consider that they may have been wrong, why would being up 10X or 50X? One thing I learned from the housing bubble is that most people would rather fail along with everyone else than succeed on their own. The media tells them gold is stupid and it gives them great comfort to belong to a group of people who sound like they know what they are talking about.
I declare that we should let people enjoy whatever comfort they can during days to come. They will need it.
Here's another indicator that physical gold is not being released by its owners:
24hgold.com and eBay have a joint-venture widget at 24hgold.com's site (bottom of the first page). For the past two days the "eBay price" has not moved (Gold Eagles) while gold's (paper) price has bounced around. No one there at eBay wants to let their gold go cheap.
Love it, thanks!!!
Right on DoChen - each of these "retracements" is just a ploy to shake loose a few thousand small money buyers who jumped on the bandwagon in the past few weeks/months and put all they had into a few ounces and now - oh my God - I've lost $100/ounce. Better sell and sell fast. Boy, I'll never do that again.
TPTB are just doing their routine training of the masses - be afraid, be very afraid, and don't you dare buy gold (or silver) because all you are going to do is lose money.
And it works - for some of the epople, some of the time. But only works on those who have a day-by-day or week-by-week view of life and who know nothing about what is going on in the world.
Hmm... Gold up like a rocket to $1817. Would like to see a chart of euro banks v/s gold price.
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