HELLO MARGIN CALLS

Oil is careening lower, down almost $2 to $64ish. Gold is down 2.3% and silver is off by an ass-raping 5%. Prepare to be debacled tomorrow, amidst a fantastic commodity driven liquidation. The vision of the great JP Morgan has come to fruition and silver is going to lead the way to hades.

S&P futures are off by 6.5, a very modest, almost laughable exhibition in trickery, one that you will wish you had starting with tomorrow’s opening tick.

Everything is going to be pillaged, men will be ruined, and Goldman Sachs will make several billion off their shorts.

Friday’s ridiculous liquidation in the commodity sector was merely an appetizer, an Hors d’oeuvres, compared to what’s coming tomorrow.

If, by chance, you own an oil stock, or god forbid a silver stock, pre-empt your wives now and file for divorce. If you file ahead of her, with cause, the judge might offer leniency in his alimony appropriations.

Some of you younger types, “the punks” as I like to call you, think this is some sort of joke. You believe yourselves to be invincible and will simply walk into tomorrow’s blood bath, fully protected by your egos and your cheap suits. Listen to me: fear the tape. Run from it now, while you have the chance. You can do anything with your lives: become a garbage man, a lawyer or even a pharmacist. Leave this wretched business of speculation to hardened, jaded types, persons such as myself.

The Bakken is finished and Russia is next.