Sunday, June 19, 2011

All EYES on FOMC SHALOM bernanke on Wednesday

The world awaits, like a word from God himself, on Wednesday if the FR will in fact let the market go to Zero, quickly and painlessly, with a re-confirmation that his printing presses will be on fully-auto (not Max-auto) till further notice.

Monday and Tuesday will be a bunch of shit trading with Europe's failed countries in the limelight again. JUST...FUCKING....DEFAULT already.

Lets get on with the show its getting boring again without precipitous declines closing in on zero for the financials. I cant wait for 2008 all over again. It will be EPIC. And this time less shocking, like it was natural.

10 comments:

  1. Some small store in Florida in a mall tried to sell and convince me that a 2010 Canadian Silver Maple 1oz, brand new, was worth.... wait for it $70 + tax!!!

    I asked him if he thought 100% markup was normal and if I was an idiot!

    I replied with "How's sales these days at those prices" He said, slow since May crash!

    I asked how much was one of those on April 30th, he said $55

    Strange!

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  2. what do you expect in a mall, its like buying a beer at Dodger stadium

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  3. The S&P chart looks like it is ready to puke (too much beer at Dodger stadium). Even the grains look bad due to the U.S fiat "strengthening" (LOL). This could REALLY be an interesting week. I'm with you SGS, the talking bobble heads will say the correction was "long overdue" and "healthy". Start writing the script now. As far as Greece not (yet) defaulting: my guess the international banksters haven't gotten all they want yet, so they are going to squeeze the balls some more to see if they cry uncle. The facts that these people want ISLANDS for re-payment shows they are going for blood. They have been exposed by the world and are going for broke. I hate them all for fucking up the world's economies.

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  4. Just a reminder: the Comex options expire next Monday, the 27th. Doubt this week will be as quiet as the last one.

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  5. While you guys have been waiting for the metals to move, Sugar has been on fire. If you don't trade futures you could have been long SGG. New highs are coming sheeple. Buy PHYZZ with your sugar profits.

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  6. BTW, get long Sept and Dec Corn...you heard it here first

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  7. MIKE S: you're wasting going long in Sept. corn. Might turn around for the Dec. contract.

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  8. Count your blessings - on this side of the pond London Mint offer 1 oz philharmonics for £70

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