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SHTF?
Apr 24, 2011 20:04:06 GMT -4
Post by capecmom on Apr 24, 2011 20:04:06 GMT -4
Tons going on tonight! On Easter too! First-China is proposing cutting it's US holdings by 2/3! Now whether they are serious or just threatening the Fed is up for debate, but here is the article from Zero Hedge. www.zerohedge.com/article/china-proposes-cut-two-thirds-its-3-trillion-usd-holdingsGold has already spiked to 1513.70-and the market isn't even open yet and silver just spiked another 1.50 per ounce-The dollar is down below 74.....someone reacting to this tidbit about China...... Watch the market tomorrow- There are all kinds of rumors about the Harry Reid trip to China last week.
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SHTF?
Apr 24, 2011 20:07:13 GMT -4
Post by capecmom on Apr 24, 2011 20:07:13 GMT -4
The price of silver is also being affected by JP Morgan who has tried in the past to keep the price of silver down because they are short on silver contracts....well this little tidbit from NIA just came in-
"NIA estimates that over the past 30 days, JP Morgan has covered approximately 4,000 silver contracts, which has corresponded with about a $4 per ounce upward move in the price of silver. We estimate JP Morgan to still be short approximately 26,000 silver contracts or 130 million ounces of silver, which equals about 18% of worldwide annual silver production from mining of 709.6 million ounces. If JP Morgan covers their entire silver short position and the price of silver was to continue rising by $1 for every 1,000 silver contracts that JP Morgan covers, silver would rise to $56 per ounce."
Got silver?
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SHTF?
Apr 24, 2011 21:53:33 GMT -4
Post by ☼ ЯÏĊk ☺ on Apr 24, 2011 21:53:33 GMT -4
Wish I did. Obummer!
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SHTF?
Apr 25, 2011 21:16:28 GMT -4
Post by rAcErRicK on Apr 25, 2011 21:16:28 GMT -4
Last Dec. one year ago, I bought what I could and it was at 18 drakars then. ;D I still believe now as I did then, it wasn't necessarily to make a few bucks, but rather to have something of value if the dollar completely tanks and is devalued to some other currency and we lose 50% of what little we have. My thinking is that a gold coin will be practically worthless. How would one know how much to shave off to purchase something ? And no one will be interested in buying it anyway. On the other hand a silver coins value will be recognized, and much easier to use for a smaller purchase.
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SHTF?
Apr 26, 2011 6:15:10 GMT -4
Post by ☼ ЯÏĊk ☺ on Apr 26, 2011 6:15:10 GMT -4
I have aluminum, copper...and of course brass and lead. I think veggie seeds and seedlings may just trump all.
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SHTF?
Apr 26, 2011 22:27:12 GMT -4
Post by rAcErRicK on Apr 26, 2011 22:27:12 GMT -4
Yessir, barter items will be priceless, as they are even now.
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SHTF?
Apr 27, 2011 8:36:29 GMT -4
Post by capecmom on Apr 27, 2011 8:36:29 GMT -4
Bartering here for work has become really big-we always did stuff like that but now everyone seems to be doing it. It works out well because so many year round people here are in the trades.
Bernanke's press conference is today-this should be really interesting. It's the FIRST press conference the FED has EVER given. Wonder what he'll say and how the markets will react?
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SHTF?
Apr 27, 2011 8:44:12 GMT -4
Post by rAcErRicK on Apr 27, 2011 8:44:12 GMT -4
Bartering here for work has become really big-we always did stuff like that but now everyone seems to be doing it. It works out well because so many year round people here are in the trades. Bernanke's press conference is today-this should be really interesting. It's the FIRST press conference the FED has EVER given. Wonder what he'll say and how the markets will react? Woah ! The fed having a press conference ? This don't sound good Jules. It can only be BA-a-a-a-d news !
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SHTF?
Apr 27, 2011 9:53:57 GMT -4
Post by capecmom on Apr 27, 2011 9:53:57 GMT -4
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SHTF?
Apr 27, 2011 10:55:55 GMT -4
Post by leatherneckpa on Apr 27, 2011 10:55:55 GMT -4
At the risk of sounding uneducated, what is "QE"?
I'm tending to side with Rick on this one. It can't be good. Besides which I also tend to believe that it is all going to either lies or "smoke and mirrors".
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SHTF?
Apr 27, 2011 11:06:19 GMT -4
Post by capecmom on Apr 27, 2011 11:06:19 GMT -4
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SHTF?
Apr 27, 2011 11:15:36 GMT -4
Post by capecmom on Apr 27, 2011 11:15:36 GMT -4
Hmmmm.well that's a distraction-Obama released his long form birth certificate....Bernanke will not be on the radar today-I wonder now what is going to happen?
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SHTF?
Apr 27, 2011 12:04:41 GMT -4
Post by ☼ ЯÏĊk ☺ on Apr 27, 2011 12:04:41 GMT -4
Beck was discussing how the two things were happening on the same day, and why. They'll both be lying....business as usual.
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SHTF?
Apr 27, 2011 12:13:25 GMT -4
Post by ☼ ЯÏĊk ☺ on Apr 27, 2011 12:13:25 GMT -4
I've watched this 3 times in recent months, it should be mandatory. lol
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SHTF?
Apr 27, 2011 16:54:09 GMT -4
Post by leatherneckpa on Apr 27, 2011 16:54:09 GMT -4
Hmm, I'm no economist, but somehow it does not make sense to me that you can just print money with nothing behind it. Sounds kind of like the path the Nazis took with the deutschmark in the '30's, and we all know how successful that was.
And if the "Liar-in-Chief" is actually bringing out his birth certificate they must really[/i] be trying to draw attention away from something ugly[/i]!!
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