Posted on 08/14/2013 10:03:07 AM PDT by whitedog57
Today has the dubious distinction of being the 6th Hindenburg Omen in eight days.
hindfed
The New York Stock Exchange has seen a massive rise in its index since Quantitative Easing began.
nyafed
All eyes are on St Louis Fed President James Bullard for hints on tapering at 3:15pm EST today. Chances are he will say the same things as The Atlanta Fed’s Lockhart. Like the raptors in “Jurassic Park,” The Fed board members are doing coordinated attack patterns to signal their taper intentions.
Raptors-in-Jurassic-Park--002
Both the US Treasury yield and dollar swaps curves are upward sloping indicating that rates are likely to rise in the future.
ustfoe081413
Danger Will Robinson!
what does that mean for the price of silver? (I have a bunch)
Does it really matter? If you gotta bunch, sit tight! You will, ultimately be richly rewarded.
The great con game continues, as the Fed continues to pump worthless paper into Wall Street, while Uncle Sam only grows more insolvent with each passing year.
here i thought this omen was once in a lifetime... yet we’ve got 6 in 8 days
that doesn’t bode well
that's what happens when you devalue a currency
Bullard has erroneously said the same many times in order to push trading partners’ currencies down despite lack of production and exports. It’s an import regime propped by propaganda, and trust is turning away from that kind of speech. Look for maybe 2015 for the desired end of QE (like the real Fed board really said at least twice). Rising yields and bond collapse will follow. Until that big cave-in, the slow motion decline will continue. Manufacturing (on U.S. soil—not including all “U.S. based”) is what the fund managers and advisors avoid mentioning.
And they’re going to great lengths to prop the dollar up, so exports will decrease yet further. Oil is still up, too.
Treasury Ran $98 Billion Deficit in July—But Debt Stayed Exactly $16,699,396,000,000
CNSnews ^ | 8/14/2013 | Terence P. Jeffrey
http://www.freerepublic.com/focus/f-news/3054620/posts
Silver’s going up. It’ll go down first as the businesses who use it curtail their orders, and then when the economy sloughs its bowels it will skyrocket.
I am thinking the ‘down’ part is happening now, since it is supposedly selling below the cost to extract.
Maybe the curtailing of orders has already happened
I would by more right now if I had more money
Absolutely.
Silver is excellent because it is cheap and portable (relatively speaking). There’s a lot of prepper stuff you can have, but frankly once communities come together to fill in gaps in their skill sets, the need for a simple non-fiat currency happens pretty quickly.
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