the 24 tons of gold (about usd 1.4bil) unloaded on a cold-start market in a matter of 18 seconds was ... awesome political power, almost volcanic lava on ice, as value around the planet literally ... what is the officially sanctioned descriptive word ? ... oh, yes, vaporized, even as the chief seller who obviously fears no political retribution walked away unidentified and unharmed, and
just now, from before the cold-start, someone, same someone or someone else, buys usd 750m of s&p futures in a matter of seconds, miraculously creating value where apparently needed
whomever does such selling and buying in the china market, if not officially sanction, would end up in jail or worse; am guessing it is the same way in the usa given the new category of terrorism crimes
therefore whomever must be sanctioned
the way i see the market place is much as one should when reviewing the happenings of a war where a large conventional army is arrayed against many pockets of insurrection
eventually the conventional force would be forced to destroy that which they are tasked to save, and the insurrection shall win
i do note that the gold's fall has been tempered given the scale of evil suppression, and the silver bounce-back basically gave the conventional force the middle finger
the center is weakening, at least so far
in the mean time, just cleared from e-mail tray
the e-mail chain has been going a whole lot of years now :0)
From: J
Sent: Thursday, November 29, 2012 9:31 AM
Subject: Re: more fiscal cliff - and much worse to hit
other than the below, everything else should be okay, until they switch off the light.
am in the school that takes as given
(i) more taxes & fees & takings
(ii) less entitlements
(iii) less active work flow, from the macro on through the hopper and as signed contracts
(iv) less contractual pay for what active work there might be
(v) collection issues
(vi) more nosey authorities
(vii) more expensive everything for things, except those things that we happen to own
(viii) more general chaos
(ix) plenty of tee-ed up / lined-up crisis
(x) sharper volatility at higher frequency
(xi) generally more opportunity to get badly hurt, w/ little upsides
(xii) more natural disasters
(xiii) wars
(xiv) less fun
under the above scenario,
- dial back on expectations for capital gains
- trade some prospective cap gains for more certain and especially immediate cash flow
- cut expenses (mistresses are out; food may stay awhile; school must still be)
- cut debt, until the all-clear signal, then obligate self seriously as long as denominated in worthless paper
From: R
Sent: Thursday, November 29, 2012 9:17 AM
Subject: more fiscal cliff
As more and more trial balloons are released, it seems to me that each of us would be worse off in some way. Some may have to pay more taxes, others less entitlements. Some may even lose their jobs.
Not that we should not have our own austerity plan but I just want to make sure that I am not being too pessimistic. Did I miss anything positive? |
