The CME/EE complex is desperately trying to squash demand for silver. The entire price discovery and delivery process of the Comex is collapsing. These desperate times are calling for desperate measures and you are seeing them play out in real time.
USA! USA! USA! TMZ! TMZ! TMZ!
Post-Bin Laden Poll of the Day: As the great Will Rogers once said, TMZ has never met an opportunity to be inappropriate they didn’t take advantage of.
(via fucknicethings)
Even the countless supporters of the broken window fallacy who have assured us in recent weeks that the massive destruction of wealth in Japan in the wake of the devastating tsunami is in reality a great economic boon should be slightly taken aback by recent Nipponese economic data releases.
A trade-weighted measure of the U.S. dollar against a broad basket of currencies that includes the Yen, Euro and China’s Yuan is at a post-gold standard low when adjusted for inflation, according to calculations by Deutsche Bank’s economic team. The milestone could be viewed as a failure of the country’s monetary and fiscal policies upon which all paper – or fiat – currencies are based.
==> Hopefully at this point nobody is surprised why at this rate gold will pass $1,600 within a month, silver may be $100 by the end of the year, and the dollar will be worthless, in order, to paraphrase Bernanke, reincarnate it in a fresh start version of itself, following the refinancing of all US private and public debt at 0% interest. For everyone still confused, and the naysayers, we urge you to read the following - link.