Loading ...KEEP THIS IN MIND, James Mc…
Global Crash = MOPE, and the circled number
Bill,
MOPE! MOPE! MOPE! Red alert! With TEOTWAWKI unfolding in the global financial markets it was all about MOPE, and alas, the 1% rule. Circled number showed $1171.20 and sure enough gold came within $1.40 one minute after the 9:30 NYSE open before immediately getting hit. Never mind a 2 ½ point dollar crash, 1,000 point Dow crash or China in total chaos, gold was decreed to be disgustingly, eerily calm. The improbability of gold having virtually NO reaction is (fill in your appropriate standard deviation from norm number.) If ever there was a day to suppress gold and silver this was it. No two ways about it, today was as MOPEY as it gets. Gold going up hundreds of dollars in a market crash is the thing bankster nightmares are made of. Gold now has absolutely everything going in its favor- seasonals, technicals, fundamentals, and now global crises too numerous to mention. Look for gold to have a delayed uprising soon, after the klieg light currently beaming on global equities gets a little dimmer. Gold may be suppressed in derivative terms, but the global physical market is officially on fire. And why not? It (along with silver) is practically the only remaining safe haven.
List of investment alternatives to a crashing equity/dollar market:
* Bonds – an even bigger bubble.
* Gold, silver – severely undervalued.
(Now fill in your appropriate cliché. My pick is “no-brainer”.)
James M