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WTImmmberrr As 10Y Hits 1.49% Handle
S&P 500 futures have broken the shoulder and are off over 20 points from the day-session open highs but it seems that CMI's cut has spurred derisking reality in many industrials and that has knocked into everything else. WTI has plunged back under $84 and the 10Y Treasury yield just broke back under 1.50% for the first time in a month - heading close to record-lows. Equities remain at least 70pts or so rich to where Treasuries trade for now (short-term) and considerably more longer-term.
WTI less than $84 again...
and 10Y Yield below 1.50% again...
and it seems that oil has recoupled with Treasuries' view of the world for now...
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you had me at
WTImmmberrrJust curious ...How do others here buy physical silver? Not rich but I'd like to protect my family a small bit in case any of these worse case scenerios occur. I'd like to buy a few thousand $$$ worth of physical silver and have been doing a little research. I've dabbled a bit on ebay buying Roosevelt dimes. It seems the older coins demand a premium but the Roosevelts sell for basically silver content. You have to make sure they are before 1964 and watch out for shipping charges. They are 90% silver and have roughly $2 of silver in each dime. I figure they would be easier to barter for a few bags of groceries or other goods if it ever got that bad. Any other thoughts out there. Physical gold or silver won't help if you can't use it to barter in a crisis.
Gold is for the other side of hell.
Silver ,lead.water and food are to pay the ferryman.
I like Kitco myself,though I know many ZHers do not.
Suits my purpose for untracable purchases.
Silver ,lead.water and food are to pay the ferryman.
nice
i wont reference any dealers myself, a cursory analysis can yield good sources to any interested buyer and i feel like its a bad idea to advertise any particular dealer
"Roosevelt dimes" are winrar from a total shtf scenario
they are essentially undervalued numismatics that, after a total collapse would retain high perceptual value and authenticity at trade, even if people cant tell which ones are silver and which arent, theyll figure out quickly
your logic is correct; however, i would stress that the NWO banking cartel has created a holographic economy and will rather extend, indfinately systematic austerity and boil down (Britain is an example) - after all, we are dealing with incrementalists here and if it gets bad enough for the above scenario you might be better off buying land and heirloom seeds even on a budget!
there are many reputable dealers, just try to find one that suits you and has a good reputation/prices
start with rounds and the like and gradually stack your way up to a good chunk of whatever you can set aside as an investment
http://comparesilverprices.com/
you might try to search out jewellers, pawn brokers that have the capacity to melt...granted you must research the dealers and the product but there are a lot of creative energetic individuals in both businesses these days, at least in my part of the world.
Here's a good site to check silver prices for coin. Pick your dealer, I like the look of .9999 on the back of my maples.
http://comparesilverprices.com/
You might also consider silver dollars - a tube of (20) 2012 uncirculated 'brilliants' has both nuministic value and melt value around $30 at the moment, making a tube ~$600.
And most US folks can relate to a real silver dollar.
Ah, equities. Always a case of the amnesia.
What's to remember when the average duration held is less than 30 seconds (which is an eon in algobot years).
Poor old equites, sitting up there all on their own, i feel kind of sorry for them.
So lets all be shocked when they bring the S&P right back to flat while metals stay shitcanned.
Yea and still they keep whining that we cant have QE'z as long as equities stay near all-time highs....yet they refuse to let them drop even 1% and stay.
bonus points for use of the term shitcanned
When you think of equities, just picture hockey-helmeted kids in a sand box fighting over cat turds.
Is this the part where Geithner says "release the.....Krooked Accountants"
Equities ignored bad economic data for the months of june and july last summer. They caught up pretty quick in August though.
Sack and his fingers will push the 'red' button...and here we go.
Horrible
2 was the mark of the end at one time. 1.49 should be like Apoclypse now.
Kind of a redux.
Like a never ending circle that seems to keep on going and going.
Since 08 I would say; agreed.
Soon we'll be saying 'Watch out if the 10 yr goes under -.5%....then you'll know we're near trouble'
Didn't WTI levitate by almost TEN PERCENT in 2 trading days the week before last? So now that insane move is being re-traced.
As someone "famous" once noted: "When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be ill-done."
Just imagine if 10 years ago, oil had gone up 10% in one morning....everyone would have been running around screaming wondering which country had just been nuked to volcanic rock. Today, its just another 'meh'.
i hope so taking 70 handles off of the sp would be nice (im long vol) and if the euro breaks 120 the ndown we go big time!!..lol
Fiat is back to looking for a place to hide....even if it's in a house on fire.
Oh yea, Achuthan now saying the recession is here.
Japan, bitchez.
It looks like Money Printing worked for them. Now it's Bernanke's turn.
Oil scarcity generates deflation and that destroys everything. 1.49% is simply reality.
Buyers of bonds aren't buying 1.49% yields. They are buying the advance in bond price from 2% to 1.49%. That will go on to about 0.75%, excuse me, I meant -0.75%. Lots of money yet to be made in bonds.
Interesting the USD and WTI are about to cross in the 83.75ish area...
Doesn't *mean* anything - just interesting.
Look at the 10 yr Treasury trend. YIKES!
http://confoundedinterest.wordpress.com/2012/07/06/libor-fixing-and-the-fed-funds-target/