Loading ...Buygold @ 21:29 re The Fed worries about “Low Inflation” really?
Good points Maddog. They won’t come straight out and admit it, that they want and NEED inflation in entry level tax payers wages. All prices including labor have to go up in unison with all other costs, to keep things even.
The low wages have been dragging the whole system down. Low rates are because of low wages. No more 3 year car loans. Now they are what, 5-6 year loans? Many people can’t even afford that, and have to lease cars instead.
They end up paying for HALF of the car by the end of the lease, and have to turn it back in, WITHOUT any damage, and low milage. They own NOTHING after 3 years of paying, then lease another car and continue paying forever.
$300 per month is $3600 per year. Plus now they need collision insurance because you don’t own the car. That covers a lot of auto repairs on a used car. Plus the used cars are so complicated due to gas mileage and anti smoke tail pipe laws, too hard to diagnose and expensive to fix. Nobody wants they either.
Free mkts versus scum joke ones
One particular pattern has driven PM investors who use TA bonkers, that is the crushing/reversals of clear consolidation pattern break outs, that defy all known previous behavior of mkts.
Point and Figure charts are wonderful for showing such patterns and they create measurable targets from them. Once a mkt breaks out above base pattern, it may back test that break out. but very rarely does more than kiss the break out and then resume it’s fast move higher, due to shorts panic covering along with new buyers happily paying up.
Yet since the scum have taken over the PM mkts, one of their ‘specialities’ is to reverse/smash most bull breakouts back into the consolidation area, thus crushing any enthusiasm yet again.
Moaning about watching this happen once or twice might be considered sourgrapes, but when it becomes the norm, something else is clearly going on..ie the scum are at it again.
Then when one sees what is so far, a clearly free mkt at work, namely Bitcoin in action, then one sees all the old rules still apply, new mkt rules, algo’s etc are a load of bollox ….Just check out tdys new Hi break out……4850/4750 goes and it it rallies over 8 % so far.
Meanwhile poor old Gold is too scared to even sniff 1300, as it knows the scum will never tolerate such an insult after Fed Speak…..
So no matter how grim tdys action is in PM’s, the ‘action’ is entirely false…once the scum are routed it too will boom after break outs.
McEwen on why he was in a hurry to issue stock
http://www.bnn.ca/video/robert-mcewen-tells-us-why-he-issued-stock-in-a-hurry~1229588
I listened to Mac on the conference call on Tuesday………sez he was surprised by the MUX stock tthrashing
Richard640
Re Jan SlV Calls
In these totally lawless mkts anything could explain the huge OI, one thing is for sure there will not be an investigation.
It is probably Jamies and Lloyds hedge against the Fed not being able to bail out JPM and GS, if AG goes bonkers up, due to Rocket man going ape.
Gold Train
A hundred tons doing 70 mph…
To quote Bart Simpson: “Outta my way, man!”
http://www.railpictures.net/photo/633801/