I went out this morning and got some cash. Got some stuff at the grocery store.
Dem probably have no choice but to play brinksmanship, Let the ATM's stop working. Market drop 2K.
Friday, September 26, 2008
Guns and butter
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6 comments:
Going to the mattresses?
GLD, SLV and SDS should do okay today.
Oh... I'm hoping we drop it 700 pts.
and the dem's have to take this over the edge, the fate of the country is at stake here.
The assholes that created this can't turn this into a win.
but gosh... I wouldn't mind if they dumped some of the stupider parts of the adjustments to the plan.
I'm not sure about gold.... you know I hate that game.
but I do want some cash, next week could be nasty.
Didn't I call this...
I still think this works out..
but probabilities of an absolute destruction of the western world "near term" is high.
sds at 66.50 yesterday. Should go above 70 this am.
What is your argument against gold? Fiat currency should take a hit. Swiss francs and metals long
I just don't want to play gold...
it involves black helicopters, and gold bugs, it is just hard to figure out what the crazies are going to do.
I've played it... it's like the dollar, you would think the dollar would be getting clubbed.. and yet it is stronger today than yesterday.
Dollar versus gold and Francs is down.
Dollar is contingent on "faith and credit of US gov't"; why is this better than metal, sometimes it is and sometimes it isn't.
Personally, I see the point about gold having no value outside of jewelry and it's glitter. That's why I like silver (SLV) a little better. SLV tends to move with gold, but does have some industrial use-- maybe a distinction without a difference, but that's my rationale.
No matter what settlement comes out on this "bailout", it will hit the dollar. My guess is it will be a big hit-- some of which was factored in with the bump up in gold last week.
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