Generational Dynamics Forum - New Site

Higgenbotham wrote:Just bought a May Comex silver 22.24. First try.

I was hoping to buy some more SLV calls today cheap, but even though SLV was down 10% the options were not down. The volatility (and VIX) were up so much that the average price for the 3 calls I buy was actually up even though SLV was down so much. Tomorrow I will try again and probably either get some more SLV calls or some more S&P puts.

So you are pretty confident that the S&P has started the big decline?

Thanks for all your posts.

-- Vince

No futures are up, Americans are very pissed after today. I will pursue due diligence and buy.
I will walk into the future on my terms on equity and bonds. We will sort it out. Some are filling this in
with some delivery to balance out. My target was to approach this on a pullback anyways. Just happened it got slammed
today so I bought another amount the same size as the other day.
http://eideticresearch.com/uploads/2/8/ ... ations.pdf

Can the Fed print money and use it to buy gold,
to push the price of gold up?

John wrote:Can the Fed print money and use it to buy gold,
to push the price of gold up?

The five pillars of banking run the complex on the planet John.
http://www.zerohedge.com/news/2013-04-1 ... -sold-next

http://ragingbullshit.com/2013/04/12/eu ... evolution/

http://www.golemxiv.co.uk/2013/03/twilight-of-justice/

The wind has changed indeed. And yes they will monitor the complex. They flushed out some
hedge pidgeons today It would be safe to note in my opinion. That is why we noted in call today
again to wait for the reversal to consolidate.

John wrote:Can the Fed print money and use it to buy gold,
to push the price of gold up?

Eventually all the central banks will be doing this. Right now when China wants their currency to go down they print some Yuan and buy Dollars. But these Dollar expose China to a US inflation tax, not good. Eventually they will understand that they can print Yuan and buy gold. This still makes their currency value go down but they are no longer propping up the USA.

In the original charter for the Fed the only way they could print money was if they were spending 40% of it buying gold at the fixed rate of $20/oz. This was the Ponzi Gold Standard, where they told everyone they could get 1 oz of gold for every $20 in FRNs but they really only had enough for 40% of the dollars out there. Eventually they ran into trouble, but instead of admitting the Fed was bankrupt in 1933 they just made it illegal for people to own gold. Problem solved.

http://howfiatdies.blogspot.com/2010/11 ... ndard.html

Vin had a nice link to a section: Every Federal reserve bank shall havepower:
(a) To deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold;
(b) To buy and sell, at home or abroad, bonds and notes of the United States, and bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in
anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the
continental United States, including irrigation, drainage and reclamation districts....

The bail in's are a attempt to avoid that for now, I see it as political kill switches in The EU zone for now but I agree with your observation Vin. Remember they asset stripped for the grand keynesian veil for cartelization to garner all control. They could of printed more any damn time they wished then. Let us not be naive to the seen and unseen facts to political will since there are no accidents, just intent. They twisted out all non essential regions capital for total control since they knew total war was coming. Exactly how rentier repressionary markets work. As we observed here: It will sum up to calculating the “financial repression tax,” more specifically, the annual “liquidation rate”

Former Portuguese PM Alberto Soares warns, "In its eagerness to do the bidding of Senhora Merkel, they have sold everything and ruined this country. In two years this government has destroyed Portugal." A careful reading of what the EU is now demanding reveals an actual shortfall of about $6 billion and where Portugal is going to come up with that is a good question (gold anyone?) t

In the final analysis will be is the Senate able to control anything since what the hell do they even read anyway.
The IRS is the acting agents of the FED and has thirteen miles of paper code. That is a sickness.

vincecate wrote:So you are pretty confident that the S&P has started the big decline?

After what we've seen the past 18 months I'm no longer confident in my ability to forecast the S&P. If it has turned down we can probably best attribute the coincidence to the broken clock syndrome. However, the mix of things we saw today is probably a plausible mix of things that would start that big decline. The trouble started last night when China reported lower than expected GDP. Federal Reserve money printing can't raise Chinese GDP - in fact, it should lower it. And in the past year or so, I've noticed the US stock market is obsessed with Chinese economic performance so it does matter a lot. Then we had the bombings in Boston. Federal Reserve money printing can't stop terrorist attacks - in fact, it should increase them. Etc. The ferocity of the decline surprised even me, coming as strong as it did so close to the high.

I just got out of the silver for about 30 cents when it didn't reverse up strongly. It's still moving up slowly though.

As John noted, and we noted rope burn earlier, has my thought on this also as "We're in a deflationary spiral, and we're going to stay there."
Equity has consolidated sectors to meet the next challanges as we noted on how and why already. Metals will stabilize in a few days
and grind down some I feel also since we already know, and had a grip on the characteristics and posted supply chain decadel supplies
on raws.

The memory of smell on a few segments. http://gdxforum.com/forum/viewtopic.php ... 3793#p3793
Tue Jun 30, 2009
We will stabilize. Then we will sort it out as we have. Then we carry on. Yes we are...History conveys: Syndicalism stays veiled from public discernment and will be rendered later for the purpose of Capital and Labor Responsibilities systemic misnomers. The Austrian’s call it the master builder dilemma and I agree to what I found to be painfully true in any context to date. To many items we do not need from market “global” saturation points and the loss of core sanity hinging on energy petro dollars losses which will sponge out base monetary supports as we have seen given the markets true exchanges noted to date. Basically the vanilla investors have wised up and moved elsewhere from equity it appears as such. Tuesday, July 1, 1930: Dow 226.34 +7.22 (3.3%) Labor Secretary Davis says business is definitely turning up in the East, predicts reasonable prosperity within the next year. “People have learned once again that only work produces wealth.”

The revolution is between humanity's ears... and they don't want the responsibility. https://www.youtube.com/watch?v=xGbB_uU3LII
The warn reboot already went off a short time ago. Due diligence is even more crucial now.
They're forced to sell, which pushes down prices. Not all...
http://www.ritholtz.com/blog/wp-content ... ending.png

Couldn't this rapid decline in metals have been a ore-emptive strike against some of the more distressed countries? To reduce the value of their gold holdings which would necessitate selling or transferring more to the bond holders, as another form of wealth consolidation to the TBTF entities.

Just a though as I see nothing as accidental or happenstance any longer.
I do expect a solid bounce past 15K in the next 4-6 weeks before a real pull back.

cheers

sy

Aedens- do you sleep?

cheers

sy