Ha, it always does my heart good to watch these vermin get entrapped by flighty visions of loose monetary policy tied to the yesteryears of 2009-2010, only to have Bernanke and Draghi flick the ashes of cigars onto their heads, transforming them into financial infernos.
I should feel the need to remind you that we are just two months out now from a most spectacular 2012 ONE YEAR REUNION OF QE SPECULATORS AND COLD, MERCILESS FATE party.
Get your confetti, mix it diligently with copper dust and a light sprinkling of gasoline and gunpowder, while using your bare hands, standing on a shag carpet – because it’s going to be an explosive event of ineptitude coming to full fruition.
So far, oil has bounced reliably off the $102 mark, based on some lunatic’s theory that the rest of the free world gives a fuck about the budgets of Russia or Saudi Arabia.
I’m not getting my hopes up that this sell off will be “the one”. I’ve witnessed the rebound too many times to dare try for such a call. But it’s coming. The 9th floor will not be denied for much longer…
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gdx getting crushed. any thoughts abt a long gdx short gld? should outperform… SHOULD…
I wouldn’t touch it, especially if we get another scare. There’s a reason Jake got scarce towards the middle of last year.