Could be, and worth taking a long in metals. Lindsay did say they planned to do it before the end of the yeat… And 40%, at the rate its been going, would take it right to around 3,500 an ounce. I’ll keep a close eye on volume in the metals
I think I’ll take a long position on Gold/Silver on Friday the 19th… just in case they do shutdown down the banks that weekend and pull this off!
If this happens you can expect the market to be closed on Monday (as well as the banks of course too)… because panicked people will want to do something out of fear. They will likely want to rush to gold, which means the market should tank as they sell all stocks and move to metals.
You still think they’re going to do it overnight? I feel like they’ve already been doing it slowly for awhile now. Plus, you said they dont want riots. An overnight devaluation of that magnitude would surely create that i’d think
Notice how “main stream media” (Forbes) has spun this into something good? What BullShit! It’s bad for everyone as that me your food cost will go up 40% overnight, and gasoline, and your electric, and the cost of goods and products at you local Walmart, etc…
Could be, and worth taking a long in metals. Lindsay did say they planned to do it before the end of the yeat… And 40%, at the rate its been going, would take it right to around 3,500 an ounce. I’ll keep a close eye on volume in the metals
Well, maybe that’s why they plan to do it around the “election” period… to distract us sheep so we won’t riot.
I think I’ll take a long position on Gold/Silver on Friday the 19th… just in case they do shutdown down the banks that weekend and pull this off!
If this happens you can expect the market to be closed on Monday (as well as the banks of course too)… because panicked people will want to do something out of fear. They will likely want to rush to gold, which means the market should tank as they sell all stocks and move to metals.
You still think they’re going to do it overnight? I feel like they’ve already been doing it slowly for awhile now. Plus, you said they dont want riots. An overnight devaluation of that magnitude would surely create that i’d think
http://www.forbes.com/2008/12/09/dollar-devaluation-gold-pf-ii-in_fb_1209soapbox_inl.html
Notice how “main stream media” (Forbes) has spun this into something good? What BullShit! It’s bad for everyone as that me your food cost will go up 40% overnight, and gasoline, and your electric, and the cost of goods and products at you local Walmart, etc…
Netflix chart analysis: http://niftychartsandpatterns.blogspot.in/2012/10/netflix-descending-triangle-and-triple.html
Microsoft chart analysis: http://niftychartsandpatterns.blogspot.in/2012/10/microsoft-chart-analysis.html
this chart kept me from shorting in Aug/Sept.
unless there’s a QE4 around the corner, seasonal Fall is setting in.
if the chill takes effect, the down draft could be anywhere from several weeks to a couple months.
http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=1&mn=0&dy=0&id=p91626506230
-Gerb
LOL… you know they are teasing us with the 666 zone on Apple and now the SP100 too! Very nice!
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