|Gold target painted...now hit um with the hellfire strike......light um up NOW!|
Some of you may find the above paragraph worthy of a snooze but it is essentially the summary of the mathematical variables that make the FOMC release today worthy of a gut ripping belly laugh. I almost became incontinent when I heard this garbage being spewed while I was traveling today. ARE YOU KIDDING ME?? Does anyone with a high school algebra backround understand JUST HOW LUDICROUS this faux debate is. YOU schmucks are going to pull QE this year??? JUST TRY IT....I DOUBLE DARE YOU...You pull it and every apocalyptic doom and gloomer out there will get their wish in less than 24 hours. Simply put .....of course its all an illusion. Maybe it was a test case to see how the reaction of the bond market participants would react.......at least those that are purchasing outside of the Fed's purchases. Maybe they just wanted to have a bizarre joke on those that are still market participants that believe the punch bowl can really be taken away. Even more nefarious....maybe they want to try and hold the price of gold and silver in check by continuing the illusion that dollar and Central Bank printing can repair the system by the end of this year. I hope they can. Don't spit in your cereal..........I do hope they can keep this delusional system alive and twist illusion into reality. I HATE what I see coming and it is going to be painful and WORSE a lot of my friends and yours are going to suffer even further if it deteriorates into chaos.
NEXT........back on my home terf and don't be bothered by today's noise...I'll repeat THEY don't want you in this trade....When I talked with a hedge friend of mine this spring about this trade... he just shook his head and said I don't know how you deal with their volatility.....They had crushed him in a run he had taken at one of the silver miners and he wanted no further part of the miners. Another friend that is a banker and reads this blog discussed with me how bad the miners were a few months ago and we both agreed that Where in the hell would we prefer to park cash if we HAD to be in paper??....Both of us have physical but have to be in some paper right now. Most of you should be in JUST physical if you don't have to be in paper........I mentioned recently that I would be comfortable with a beatdown in the near term before they really went into the next ramp. Let's see how it plays out now with gold just under its 200dma now.......should be fun and I still may get my silver buy under 28ish..........YOU procrastinators just might get that gift bullion buy.......It will be your last so I hope your trigger finger doesn't freeze on your buy. gl