Tuesday, August 2, 2011

No Title Necessary

DOW down 265 after vote.

From ZH:

16 comments:

  1. I love that picture, thanks for posting!
    was searching for it yesterday..for quite the same reason as you did today :)

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  2. Yep,
    Even Dilbert is starting to prepare for "The Complete Meltdown of our Financial System"!
    http://www.dilbert.com/2011-07-31/

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  3. BB's gonna be buying some futures tonight !!

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  4. A picture is truly worth a thousand words just so long as it doesn't have a dead man on it. So much for dip schmidt
    and dunkin gonuts

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  5. Well I didn't see that coming after all the PM stocks gave a sell signal yesterday per my logic. Seems QE4 is in the bag.

    Time for the PM miners to come along for the ride. What you say SGS LULU still holding up. How si that possible.

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  6. http://finance.yahoo.com/news/Moodys-backs-US-tripleA-apf-2668047537.html

    Shocking!

    What about S&P's rating?

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  7. I love your sense of humour, I literally laughed my ass off. I've been stacking that phyzz, in fact every spare cent is going into into it as when the US goes down, its going to the Aussie dollar with it eventually. Funny how people who thought I was mad are now starting to change their minds all of a sudden. Keep up the good work.

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  8. Hey SGS,
    Not expecting a response, but thought I'd throw this out regardless. Tinka equals dog. Peru politico situation, what's you're take? Bottom line, buy/sell/hold?

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  9. The Federal Reserve Is Selling Paper Gold and Buying Physical Gold
    The good ole "American way"—through proxies
    By Rob Kirby10/04/2010

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    The good ole "American way"—through proxies

    A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS [tonnage] PRECIOUS METALS procurement—physical metal only—let's just say HUGE money. I asked them if they would be interested in purchasing an “option”—cash up front—for the exclusive rights [first right of refusal on off-take] of a gold producer [miner] for a set number of ounces for 3–5 years "at the market"—using LBMA pricing [a.m./p.m. fixes] in the future. The answer I got back from my associates was "show us a terms sheet, we definitely have interest."

    So, I spoke to a friend who is very close to an intermediate producer who is in the mode of raising money right now. I had them ask the producer if they would have interest – the producer said, "YES, we are interested—but just to let you know—J.P. Morgan has been asking us if we would sell them the same option." So, while gold producers have shuttered their "gold hedge books"—the Bullion Banks are "synthetically" trying to keep physical output captive—I would suggest FOR THE EXPRESSED REASON THAT THEY SELL EVERY PHYSICAL OUNCE AT LEAST 100 TIMES OVER.

    Gold is going to get EXTREMELY scarce in the future folks. Big money interests are now cutting off [or bidding for / gaining exclusive access to] the traditional bullion supply chain "at the pit."

    The shorts of "paper gold" at J.P. Morgan [the Fed in drag] are selling the daylights out of the paper market and simultaneously buying exclusive rights to producers' future production so they can try to fudge their way through an unmitigated fraud and settle a big enough chunk of their bad bets to keep this "systemically ruinous" precious metals Ponzi scheme alive.
    Price of Gold and Interest Rates Are Joined at the Hip

    The academic research that outlines the inter-relatedness of gold and interest rates is succinctly laid out in a 2001 treatise, Gibson's Paradox Revisited, by Reg Howe. From this one can deduct that ANY rigging of the gold price must go hand-in-hand with simultaneous rigging of interest rates.

    http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold

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  10. Isnt it funny that Led disappears as soon as Corn makes the move I have been telling everyone was coming? You aint seen nothing yet folks.

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  11. Meanwhile have you guys seen WeatherUnit lately? HOHOHOHO

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  12. Fuck LULU that motherfucker. At least ACME packet is getting fed.

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  13. WU doesnt come out when manna rains from Heaven :)

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