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 has the punch bowl been taken away? View next topic
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

has the punch bowl been taken away?
PostPosted: Wed Feb 29, 2012 4:06 pm Reply with quoteBack to top

... The traders sure think so.

Ben is talking and the market is going down ... dollar is going up ... bond yields going up ... PM's tanking ... crude down ...

Gold is down a whooping 60 bucks right now, but its moving all over the place -- hard to say where it will settle out. My 'stops' went off like popcorn all morning. So much for holding Sinclair's $1764 this time ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: has the punch bowl been taken away?
PostPosted: Wed Feb 29, 2012 8:25 pm Reply with quoteBack to top

Gold started down when the bernank started talking...move along nothing to see here. QE is all they have. Today was 1st notice day for PMs at the Crimex and the bennank was talking. TPTB had to do something.

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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