Posted on 09/24/2011 1:15:44 PM PDT by blam
Now would be a good time to re plenish the oil reserves zer0 let out.
LOL, me too.
See here:
No kidding. Prices are ridiculous.
But But... we need Iphones!
I failed to sell all my nickle rolls at 7c per coin also.
Because there was a rush back into dollars from other currencies. This causes the price of commodities to fall—weak dollars cause them to rise, strong dollars cause them to fall. This is combined with unwinding the holdings of hedge funds which exacerbates the problem.
At 7c per coin, $100 of face value yielded $140 melt value
That’s pretty nice return.
Alas, I missed the boat.
A lot of people got whacked this week. Part of it was the no solution for Europe except Greece going broke and leaving the Euro. This still leaves Spain, Portugal and Italy though Italy makes things.
You then had the (evil) Fed saying they would do the Twist which is really a lightweight QE3. The banks/hedge funds probably took it down cause they want more free QE 3-15 money from the fed.
Well Wed went down hard and leveraged hedge funds sold more on Thursday. On Friday they sold precious metals to pay margin calls with their winners. This included individuals and mutual funds as well.
The stock markets are totally manipulated by the banks, Fed and Hussein. The public has no clue. The media and all of TV are in on it. I don’t watch any of their crap on any channels but CNBC is the worse. TV is for people who like being lied to and manipulated.
Oh, I think we'll have another shot.
At some point, we'll have to deal with hyperinflation...so.
Well, I loaded up the food stockpiles over a year ago.
Why?
My guess is that with all investments dropping, people are returning to cash. The demand to hold money is increasing. Which, when you think about the state of the world's major currencies, is pretty sad.
I have seen videos and pictures of entire new cities (I mean big ones) in china that are empty!
I like to look at prices at New Egg. Memory prices (desktop &laptop) are way down from a year ago. Partly to blame is the iPad which is impacting on laptop and desktop sales
Desktop components prices are down or stable. Hard drive prices are always going down.
LCD TV prices are down. LED-LCD prices are down
The Fed’s recent tactics were not for stimulating the economy. Those were efforts to push markets, and thereby, oil prices down temporarily. [All:] Pay attention to the various kinds of events affecting oil (for example) instead of focusing on the writings of geniuses focusing on technical market trends. Then you’ll see more clearly.
Lower copper and oil prices are good. I hope the investors find alternatives, like turnip sprouts.
Most of the mines in Chile make a profit at anything above $1.95/2.00 per pound. The Peso dropped about 10% in one day last week going from 470 to 518 to the dollar.
Copper also dropped because the CME raised margin requirements after hours for Gold, Silver and I think, copper. A bunch of folks must have had inside information about that and PM’s all dropped wildly in the last few hours of trading.
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