I cannot figure it out ,, so I bought some beer, copper, bacon , shrimp , pork and gold. Fuck em
I cannot figure it out ,
SLV closed below 30 today (29.95). Based on my original speculation, this could be the buy point (for those who attempt to buy at lows).
Then again, breaking through the 30 barrier may mean we go back to yearly lows (bounce at 26?).
"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Government is not the solution to our problem; government is the problem." - Ronald Reagan
"The only thing we have to fear is fear itself, and we must reject those who spread fear." - B4L update of FDR
"The Ministry of Truth can turn on a dime, and the fury of the ignorant masses can be redirected at will." - B4L
"Marxists become Fascists the minute they become rich, yet they retain the Marxist rhetoric." - B4L
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Thing is, the world is full of a**holes." - ACPTulsa
Twitter: B4Liberty@USAB4L
I am skeptical , 26 or , even 27 will ever be seen again ......
SLV taking off, just jumped to 31.11...
"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Government is not the solution to our problem; government is the problem." - Ronald Reagan
"The only thing we have to fear is fear itself, and we must reject those who spread fear." - B4L update of FDR
"The Ministry of Truth can turn on a dime, and the fury of the ignorant masses can be redirected at will." - B4L
"Marxists become Fascists the minute they become rich, yet they retain the Marxist rhetoric." - B4L
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Thing is, the world is full of a**holes." - ACPTulsa
Twitter: B4Liberty@USAB4L
Yup!Originally Posted by Brian4Liberty
"Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
James Madison
"It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams
Μολὼν λάβε
Dum Spiro, Pugno
Tu ne cede malis sed contra audentior ito
Looks like 32.11 to me.
Yeah, I missed the low. Couldn't find anyone who wanted to sell.
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
Obama wins. Where do metals go tomorrow?
"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Government is not the solution to our problem; government is the problem." - Ronald Reagan
"The only thing we have to fear is fear itself, and we must reject those who spread fear." - B4L update of FDR
"The Ministry of Truth can turn on a dime, and the fury of the ignorant masses can be redirected at will." - B4L
"Marxists become Fascists the minute they become rich, yet they retain the Marxist rhetoric." - B4L
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Thing is, the world is full of a**holes." - ACPTulsa
Twitter: B4Liberty@USAB4L
Up, up and away.
EDIT: Too bad, I wanted time to buy some more while the market was in a holding pattern. Half the electorate voted for the Fed's dollar to continue plummeting, which will give the illusion that all commodities elevators are taking off at once, when really it's only the FRN elevator on a descent.
I have always said that I pity whomever is sworn into office in January, because that President AND his party are going to be left holding a TERRIBLE Fed/Bankers/Bush/Obama bag.
Happy scapegoat, Obama. That's not a can you're kicking down the road. It's a bundle of sweaty dynamite.
[SOURCE]
“An Obama win favors a continuation of the current easy money policy,” Axel Merk, president and chief investment officer at Merk Investments LLC, wrote in an e-mail. “The Fed’s increased emphasis on employment is here to stay. The market rewards this certainty by bidding up gold, selling off the dollar versus all major currencies.”
The incoming president will need to address a so-called fiscal cliff of more than $600 billion in tax increases and spending cuts that take effect in January unless Congress can reach a budget compromise.
Last edited by Steven Douglas; 11-07-2012 at 01:31 AM.
This almost feels like the perfect storm for a dollar crisis...
Already high unemployment and debt/deficit numbers - check
Large tax increases looming - check
Large federal spending cuts looming - check
We all know how this plays out, if Obama and the Republican House cant reach an agreement, then Obama's only lever to pull in trying to stop another recession is to inflate his way out of it...
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