"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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STOCK MARKET CRASH OF 2011
ReplyDeleteLooks like those of us who like precious metals get to buy more if we can find it available. I suppose there will be a massive sell-off now. Look out below!
Dan: You can take a few weeks off now on technical analysis. Just draw a large long VERTICAL RED LINE DOWN with a QUESTION MARK at the tail end.
Give my best to Jim Sinclair. He was looking forward to $1650 gold. Right now all that matters in precious metals is that you have OUNCES not DOLLARS.
Look at CRUDE OIL just plummet now! Do you suppose the pump prices will reflect this? NO WAY!
BEWARE OF HALTS and who knows what else! This is not going to be a shorts dream here. It might be a shorts nightmare! They could trap people and turn it around on a dime. I think the best thing to do right now is:
KEEP OUT!