they are kicking the bucket down the road for 2 more months, raising the debt ceiling, and keying in enormous electronic FRN transfers to JPM, BAC, HSBC, etc. to keep the ponzi afloat.
Not sure if CNN wrote that above or whatever.
I didnt want to write anything intra day. It was one of those let it ride events. I hope people bought like I did at $44.90 like I said to do here no more than 48 hrs ago when the silver bubble 'popped'-Laugh out loud aka LOL.
Will we slap around here around the $50? Possibly. But everyday the dollar makes moves like it did today could be its last.
So what is Ben going to do now? The option of raising rates is off the table. Its just not going to happen. It cant. I'm not going to go into this. Just realize, right here, right now, in this moment we are in, rates will NOT go up. It's borderline impossible.
I am now going to take excerpts from the FOMC meeting today, and make a complete mockery of it.
1. "The Fed's unprecedented easy money policies have been accused of pushing up the cost of oil and other commodities." But Shalom said its b/c of the 3rd world countries expanding-Lie.
2. "Inflation has picked up in recent months, but longer-term inflation expectations have remained stable and measures of underlying inflation are still subdued" Ya this is happening on the planet Fucktune where Ben and his ass pirates build 30,000 sq foot homes. Fuck you.
3."At the same time, higher commodity costs have weighed on consumer spending and the unemployment rate is still at a lofty 8.8 percent." 8.8 eh? Seriously do people actually believe this shit anymore? Has Ben looked at the updated Foreclosure listing? Its shocking, and scary actually. Below you can find subdivision to gander-dont shit your pants.
Orlando 1 in 15 homes now in foreclosure. Change? YES WE CAN!
Those that bought Hinterland Metals yesterday before the close like I said to were rewarded today with a cool 20% gain. Good for you.
Tinka remains a buy. Please view this for any questions relating to the elections. Click here to Read
Fire River Gold is still consolidating. Click here for more info
More to come later. If you feel like you gained something today buy any of my reco's on phyzz or the miners and have gained a certain perspective on how to trade when others are selling anything they can on red days, you know how to thank me, it takes 1 second. Thanks to Sean M. for the sizable donation, I am assuming he made a fuck ton.
I may have a metals report later tonight. I am actually thinking of taking a picture of my hard on and sending it to Blythe. On the fence with it still.