Here's an interesting tidbit from the Bernank. I got this from schaeffersresearch.com
"Day two of Ben Bernanke's testimony on Capitol Hill has taken a slightly less accommodative turn. After stating on Wednesday that the central bank was prepared to take additional steps as needed to prop up the U.S. economy, Bernanke clarified today, "We are not prepared at this point to take further action." Before moving forward with any additional stimulus steps, policymakers "would like see if, in fact, the economy does pick up as we are projecting," explained the Fed chairman to the Senate Banking Committee. As a result, the major market indexes have reversed their early gains, with stocks dipping into the red as we head into the second half of the session."
Full Article: http://tinyurl.com/5rjun4t
Looks like the Fed is just going to wait until things completely tank before they come to the "rescue." And I use the word "rescue" loosely.
Silver ran into some selling pressure due to the reasons impacting gold today. Technically it has managed to clear two significant resistance levels on the price chart. The first was near the $37 level and the second was a bit shy of $38. It needed to push through $38.75 - $39.00 in order to set up a test of the $40 level but has been unable to hold its gains and keep its footing above the latter level. Bulls will need to assert themselves here.
@SGS: agree. Today's bar doesn't look encouraging. I hate to sound like a broken record, but downside gaps need to be filled. I would like to have one more blood letting & get it over with. I hate Blythe today.
Why would anyone mine in Afghanistan when they can buy Rubicon for a fraction of it's value and get rid of the incompetent Bill Adamson who has killed this stock!
@highrise408: As much as I would like to see Ron Paul as President, I PROMISE you, he won't even get the nomination. You really don't think we live in a free & honest country do you? It going to be either Perry or Romney. It is a lock. And they both suck.
Here's an interesting tidbit from the Bernank. I got this from schaeffersresearch.com
ReplyDelete"Day two of Ben Bernanke's testimony on Capitol Hill has taken a slightly less accommodative turn. After stating on Wednesday that the central bank was prepared to take additional steps as needed to prop up the U.S. economy, Bernanke clarified today, "We are not prepared at this point to take further action." Before moving forward with any additional stimulus steps, policymakers "would like see if, in fact, the economy does pick up as we are projecting," explained the Fed chairman to the Senate Banking Committee. As a result, the major market indexes have reversed their early gains, with stocks dipping into the red as we head into the second half of the session."
Full Article: http://tinyurl.com/5rjun4t
Looks like the Fed is just going to wait until things completely tank before they come to the "rescue." And I use the word "rescue" loosely.
read about your idea of the cc connected to gold.....fucking genius ....
ReplyDeleteHow do get in on that ....I have a lot of Phizz
keep pissing everyone off
you are the only one that does not give a shit about what the all these idiots think....
love this shit
what I love is LULU under $60 now ;) hope you guys are in! Bearish engulfing candle forming....
ReplyDeleteOk...here's my question for the traders. I've been holding SDS for about 4 weeks. Is it worth hanging onto? My average price is $21.92...thoughts?
ReplyDeleteAdam: I remember you asking me if you should buy this...my reply 4 weeks ago was, No. Dont be a piker.
ReplyDeleteSilver ran into some selling pressure due to the reasons impacting gold today. Technically it has managed to clear two significant resistance levels on the price chart. The first was near the $37 level and the second was a bit shy of $38. It needed to push through $38.75 - $39.00 in order to set up a test of the $40 level but has been unable to hold its gains and keep its footing above the latter level. Bulls will need to assert themselves here.
ReplyDelete5 oz APMEX Silver Bar .999 Fine Any quantity only $0.99 per oz over spot, for the next 2 hrs.
ReplyDeleteTo buy or not to buy that is the question!
hold off. Metals rolling. They will try to kick shit them very soon.
ReplyDelete@SGS: agree. Today's bar doesn't look encouraging. I hate to sound like a broken record, but downside gaps need to be filled. I would like to have one more blood letting & get it over with. I hate Blythe today.
ReplyDeleteLMAO:
ReplyDeletehttp://finance.yahoo.com/banking-budgeting/article/113129/fly-for-free-us-mint-forbes?mod=bb-budgeting
Sprott to Bernanke: "Fuck You."
ReplyDeletehttp://www.zerohedge.com/article/sprott-asset-management-adds-another-66-tons-physical-gold-phys-etf
http://sunbreaker.tumblr.com/post/3576790740/we-need-a-revolution
ReplyDeleteima buyin da fizz
First look at the Ron Paul Presidential Campaign Commercial. RON PAUL 2012 MUTHERFUCKA'S!!!!!
ReplyDeletehttp://www.youtube.com/watch?v=UUNIeOB0whI&feature=feedf
Why would anyone mine in Afghanistan when they can buy Rubicon for a fraction of it's value and get rid of the incompetent Bill Adamson who has killed this stock!
ReplyDeletehey sgs idk if u knew or not but you were used as a reference source for info on todays Hyper report
ReplyDeletegood stuff!
http://www.youtube.com/user/HyperReport#p/u/0/SbmynQ2zt3U
@highrise408: As much as I would like to see Ron Paul as President, I PROMISE you, he won't even get the nomination. You really don't think we live in a free & honest country do you? It going to be either Perry or Romney. It is a lock. And they both suck.
ReplyDeleteMr. SGS,
ReplyDeletewhat platform/software are you using in the video?
axis pro.
ReplyDelete