The Golden Truth: Time For Some Friday Fun!

Friday, September 10, 2010

Time For Some Friday Fun!

Man, there's not a cloud in the sky here in Zeus' country - colorful Colorado. I have a direct view of Pikes Peak from my trading desk, football season started, the Rockies are back in the playoff hunt and the silver market is about give JP Morgan a nitro-glycerine enema. Sounds like an Iko Iko day to me. Here's the Grateful Dead covering Iko at Giants Stadium with the Neville Brothers! July, 10 1989. Yes, I was at this show:

Have great weekend everybody! GO BRONCOS! Silver is getting ready to do a moonshot.

7 comments:

JoeFriday, 10 September, 2010
Just to get back to the old nominal high of $50 would be awesome.

Joe M.
ReplyDelete
Replies
BillFriday, 10 September, 2010
Not to ruin the festive posting Dave, but did you notice the double inverse Hindenburg omen on the 10 year! :)
ReplyDelete
Replies
EconomicDisconnectFriday, 10 September, 2010
"Saints win defensive struggle" is not a headline I thought I would ever read!

Good luck to the Broncos this sunday! I have a bad feeling about the Patriots.

Keep the silver news on the down low man.....
ReplyDelete
Replies
Dave in DenverFriday, 10 September, 2010
LOL Bill. I not a buyer of the Hindenburg Omen. Especially given all of the intervention now, technical patterns are irrelevant for the most part.
ReplyDelete
Replies
Dave in DenverFriday, 10 September, 2010
LOL GYC. Sloppy game all around. Vikings will get better. Saints look good. Everyone seems to be high on the Packers and 49'ers.

Pats are an aging team and Belichick is probably losing some of his discipline drive, like Shanahan did after so many years. AFC is wide open. Everyone is on the Raven's bandwagon now. I'd short the Ravens.
ReplyDelete
Replies
EconomicDisconnectFriday, 10 September, 2010
I am LONG the Ravens for Monday Night!
ReplyDelete
Replies
Dave in DenverSaturday, 11 September, 2010
Me too GYC
ReplyDelete
Replies

Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.