If you haven't figured out the weekly cycle between America failing, then off to Europe failing, it should be quite obvious now how the ECB and Federal Reserve are fighting amongst themselves. One of the later Bears videos warned about the currency wars and how they have commenced. We are now in full swing with these and they will intensify as both parties realize they are insolvent and the ONLY way out is to print.
Dax down 5%
Italian market ransacked
$US rally
Gold rally.
Cycle complete, all eyes off the demise of the $US now back on Europe this week, rinse and repeat for next weeks cycle into USA again, $Euro bounce, $US goes to lows again, rinse, repeat....
US markets are gonna get buried tomorrow. TZA will be rocking.
ReplyDelete@SGS You are prolific. I've been sharing your site with dozens of interested acquaintances on my vacation in Cape Cod. People out here are way more receptive to the reality of the markets than Hartford people.
ReplyDeleteI think I can make more progress ideologically in Boston than in Hartford or New York getting people on board with PM's
ReplyDeleteAlthough as well produced and humorous this video is (and love the accent, ditch the tie), I find it irrelevant considering I highly doubt an informed investor thinks investing into GLD will get them gold bullion. You use GLD to take advantage of the gold's values, not for the gold itself.
ReplyDeleteAKA You get GLD to make the profits, turn that profit into physical.
Marky, I agree with you however there may come a day when your long GLD turns into something considerably less than you expect.
ReplyDeleteThis is probably as good a spot as any for me to let those of you who have followed my prior Corn trade to know that I am building a BSD position in the March Contract. This is a scale in on ALL breaks lower.
ReplyDeleteif you are not familiar with the acronym..it's BIG SWINGING DICK!
ReplyDeleteYes the US economy looks really bad, and europe is crumbling, but what happens to gold and silver if Germany finally caves in to Eurobonds?
ReplyDeleteit doesnt matter what happens short term because long term we are going much higher. Just look at any pullback as a gift.
ReplyDelete"You use GLD to take advantage of the gold's values, not for the gold itself.
ReplyDeleteAKA You get GLD to make the profits, turn that profit into physical."
Wrong. 99% of GLD shareholders do not think this, and do not think like us. Most profits are turned into APPL and NFLX.
SGS, Inevitably when I have an investment discussion surrounding the ownership of gold most respond by advising that they own GLD so they have gold exposure. I usually use that as an opportunity to show them the err of their ways but more often than not they get the deer in the headlights look and dismiss my tinfoil hat opinion...at that point I say " just remember we had this discussion" Caveat Emptor!
ReplyDeleteAnd now there are no smaller amounts of Dragons at all to buy for now!!!
ReplyDeletehttp://www.perthmintbullion.com/blog/blog/11-09-05/Temporary_Suspension_Of_Silver_Dragon_Orders.aspx
SGS (and fiends),
ReplyDeleteJust had some thoughts on this lazy Labor Day about desperate moves TPTB may try, of the austerity variety. I'm deep in the inflation camp, but I try to evaluate all the possibilities now and again. Long story short, is there ANY way to get out of this AND have PMs fall? As soon as the dollar gets more valuable and the economy slows down under austerity/deflation, 14.6T becomes more and more crushing. But are there any tricks to get out that debt short of giving up natural resources? Anyone got some out-there, crazy-enough-to-work thoughts? My first guess would be that all those SS IOUs get torn up.
And on the tail of Dano, kudos to one SGS, that Dragon call was gangsta.
Gaddafi - Gold Money
ReplyDeletehttp://www.youtube.com/watch?v=PLJu0X14vmg
Good video, he has made some good points in the past - however I can't forget that this guy's last video was to tell us all how he's mainly in cash and waiting until 2015 for .... something, I forget what. Cash! Fucking cash!
ReplyDeleteThanks MikeS, I'll keep my eye on corn. I note Rick Ackerman has said he's going to start watching it too.
MikeS - still intermediate term bullish on beans and meal?
ReplyDelete