TR,
Who knows. It a buck below where I sold last, but with this clown, gold could see 1600 quick.
QE2, while still undefined, has a LOT priced into the market. Of course none of these bulls are asking any of the right questions, like what happens when people can't absorb the inflation. Just nuts. This is more of the same bullshit from the Fed. The recovery is a complete fraud and we all know most of the banks are insolvent. But pretend everything is good. Pretending is very, very good in America.
At some point, all that levered money from the Fed just implodes the equity market.
I never should have saved. I should have closed my 401K. I should have pushed for cash distribution on my pension. I should have bought 6x the house I could afford, taken a huge home equity loan, and then defaulted. Everything is complete upside down in our system. Stealing is rewarded. Even now, the street caused this entire mess with lax standards, new fraudulent toxic turds, and lobbying to deregulate. And yet, the street will get paid again and allowed to front run the great money printer. The entire process is wrong and has been taken over by pure criminals.
Up is down, right is wrong, printing is good, savings is bad, lies are good, truth is wrong. Perfect. Play accordingly. I think it is time to start doing crime. Why not?
GT
TH |
