"MURDERED by THE FEDERAL RESERVE" in cooperation with the imbeciles who held public office at that time of its demise.
Friday, April 29, 2011
The Saddest Commentary I know of on the United States of America; Requiescat in Pace
The Dollar's Tombstone should be engraved with not only the above words, but with an addendum carved below that stating:
"MURDERED by THE FEDERAL RESERVE" in cooperation with the imbeciles who held public office at that time of its demise.
"MURDERED by THE FEDERAL RESERVE" in cooperation with the imbeciles who held public office at that time of its demise.
Dan,
ReplyDeleteAgree, and unfortunately it's not over yet; the Fed keeps kicking the body.
Thanks for all your great commentary this week. It's great to hear a calm voice.
thetahoetrader
Dan
ReplyDeleteYou are probably right and I have a feeling that it has been planned that way by the puppet masters and the banksters who seat at the top of the Pyramid of Capitalism. They will make money of the dollar demise and of the new currency that will replace it. They always win.
http://lonerangersilver.wordpress.com/2011/04/24/pyramid-of-capital-system-how-true-this-is-2/
Before there can be life, there must be death.
ReplyDeleteI'm wondering if there is such a thing as inflation adjustment on the downside meaning....is the value of 72 the same as when the market hit 72 years ago? And would that mean, value wise, the dollar has already plunged beneath the support level?
Trader Dan, I have just listened to the KWN weekly metals wrap, where you stated a concern if silver does not break through the $50 price line. Is this possible at this time with so much implied price manipulation? It seems the banks can move the price at will--higher or lower.
ReplyDeleteI believe there is manipulation of pricing for both silver and gold based on the following report by Eric Sprott: Follow the Money. You can find at http://www.sprott.com/Docs/MarketsataGlance/2011/0311%20Follow%20the%20Money.pdf
The important aspect of this report is on page 2 paragraph 2 where Mr. Sprott breaks down ALL the gold and silver from 2010--both mined and recycled. This serves as my guidepost going forward until the 2011 numbers are rolled out sometime in early 2012. It seems the maganitude of the DATA fully supports price manipulation and something being "rotten in Denmark" or the COMEX, which is where the metals are traded. This is not conspriacy theory, just raw data based in fact and not emotion. If we continue taking possession of physical silver and/or gold we will over-run any market manipulation. This could take several more years, which is only to our benefit--more wealth for us to enjoy once the manipulation has ended.
What are you thoughts regarding this, to me, important piece of work by Eric Sprott and company?
MonkeySmoke - Eric Sprott has as good a handle on the physical silver market as anyone out there. I would take seriously what he says.
ReplyDeleteMy only concern with the $50 is as a trader. I mentioned during the interview that the long term bull markets in the metals are not over, even if silver puts in an intermediate top here near $50. Keep in mind that a trader has to have several views of a market he trades: long term, intermedidate term and short term.
Long term trend is up;
Intermediate term trend is up
Short term trend is up.
If it cannot push through $50 next week, the shorter term oriented guys will sell out and move to the sidelines. If it does push past $50, it makes another leg higher, probably running closer to $54 - $55 before some sellers enter.
If it fails to push past $50, the first test will be on the downside near $47, followed by a test of $45 if $47 cannot engender buying.
Also keep in mind that as a professional trader, I have learned that in order to survive in these markets, one cannot afford to be reckless or careless. I have seen way too many overconfident fools brag about all the money that they are making as traders when they are on the right side of the market. They are accidents waiting to happen. Leverage makes you look like a genius on the way up but makes a total mockery of you on the way down. Some guys need to fail first before they learn to respect it and gain humility as a result.
Thanks, Trader Dan, for the clarification. I am not a trader, but one of the thousands of "grass-roots" silver bugs. I have been following your commentary for a couple months and have a great deal of respect for you and your knowledge. You provide invaluable insight to something that I know nothing about--trading PM's. I do not plan on trading PM's but I need to know what is going on and how it impacts my investment. You are doing a great job of helping me to understand. I really look forward to your weekly commentary on KWN. Obviously, it has spurred some thought. Thank you for all your efforts.
ReplyDelete