As the necromancers conduct high level sorcery on Wall Street, it’s important that you place your chips where they are immune to such barbarity. For thousands of years, people used gold as money because way back in the days aliens from outerspace made them mine that shit in Africa, in order to fix alien ozone. Since then, the slave races aka humans, coveted gold and used it for trade.
Well, today there is a crisis of confidence in all paper money, due to the fact that the biggest economies are printing too much of it. The books are not balanced and people fear inflation. Hence, the slaves aka us have taken hold of the golden metal again, for safety and security.
There are many stocks for you to choose from. However, my favorites are GSS and GORO. Our resident gold bug, Senator Gint has deserted you for greener pastures. He is up in the mountains playing with blueberry bushes and mosquitoes, while “The Fly” caters to you, gifting you with magnificent advice from the Gods. Always remember that when the going got tough, Master Chef Fly was there to assist you, unlike the Senator (CH).
As an aside, I mentioned in The PPT last week that when ZSL got OVERSOLD it tends to drop hard and fast. Well, the score is still above extreme OS levels. However, if it should drop to 1.17, silver will rip tits to the upside. The track record is 18 down and 0 up for ZSL, when the score is 1.17 or below.
Thus far, I am immune to today’s sell off, as most of my positions are higher. I am delighted to see WNR trade lower, as I intend to buy a great deal soon. I am 50% cash and up 0.25% today, despite a 140 point decline.
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ALJ too
Im in it with ya… ALJ all the way!
i like gold and oil..
thats all i’m doin. auy,gss,gpl and boner………master chef le’burning da chickoon
FLy do you think now is bottom? I am ready
This is the problem I see with gold and other commod stuff. The banks are getting clocked. If the banks get seriously whacked I can’t see the other stuff holding up, not even gold. gold also collapsed in 2008ish.
the banks getting clocked has nothing to do with gold and silver going up.besides silver is just over in price to jp morgues’ stock price……. that in itself makes me feel good.
If the banks go down materially from everything gets fucked except the dollar and bonds. The EU is potentially imperiling the worlds banking system, which means we’re back to the 2008 crisis but 5 times as large with weaker economies. Dollar strength, Yen strength and US bond market strength is not a good sign.
you would think that if the banks go down,how would the dollar stay strong,makes no sense
What happened in 08, Drummer? That’s exactly what happened.
In fact if what I suggest is going to happen, it could be a bigger rally than 08 because the problems are now in Europe and a severe dollar shortage could occur, much, much worse than last time. If it happens I’m not altogether sure the Fed would be lending them swap lines in a hurry either because the ECB is broke.
Look, I’m just thinking out aloud here..I hope that shit doesn’t happen.
What I think we will end up with is that 60% of the European bonds outstanding will be jointly guaranteed and the ECB does more QEing.
all this fantasy talk in perfect time for the release of harry potter
J,
You are missing one important thing in your analysis. This time, spending in the US is out of control. The country is on the verge of defaulting on its obligations. I agree this time is 5x worse than 2008, however, this time, the US can no longer be a safe haven either. The only safe haven is commodities, more specifically gold and silver.
this is not a sell off, but opportunity.
damn straight on the opportuntiy
Fig
I agree with every sentence except the last one for the moment. A stronger dollar doesn’t bode well for comods.
I’m long gold, but I’m long against the Euro.. Not the Dollar!
yes, it is opportunity, for the time being. This market trades higher from here until February/March. That is my target for scaling back on equities and going all-in on gold and silver.
Holding miners and physical gold / silver has paid off tremendously this year. A no brainer as far as I am concered.
This is a hysterical clusterfuck.
Do you guys realize Swiss national bank (CB) is fucking broke too. They have been intervening like gays in the cross rate against the Euro accumulating billions of Euro and the cross has moved from 1.48 to 1.14 causing them to incur billions and billions of losses as people move their money into Swiss francs.
The SNB is also fucking broke. lol
The western world has become a fucking hookers place.
oops… should read…. palace
Why should the US Dollar be immune to the same problems besetting the franc?
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saw this comming but havent been able to capitallize on it. i have gold, and oil but im not good with shorting.
In a wilderness cabin in New England, the Senator from Kentucky is having a fiber 50 MB Internet access line installed, as we speak.
Petabyte.
And it’s an unencumbered, unregistered sat-link.
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Someone has been watching ancient aliens on the history channel I presume?
If you like that, you’ll love this:
http://www.epinions.com/reviews/Semper_Mars_by_Ian_Douglas
Always remember that when the going got tough, Master Chef Fly was there to assist you, unlike the Senator (CH).
Always remember, if you’ve been following Senator Gint all along, you are already as snug as a bug in a rug in Noah’s Ark, not hastily throwing together some high-beta junior miner planks to construct an “emergency dingy” like the Chicken Burner.
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Heya i’m for the first time here. I found this board and I to find It truly useful & it helped me out a lot. I hope to give something again and help others like you helped me.