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Both Asia and European bourse's are getting hammered, rioting in Greece, pre-default, the DJIA futures trading down 250 an hour before the opening, Gold and Silver both trading down...this week is going to be a very bad, no good, horrible deluge of craziness, so batten the hatches.

Yep, Hatches are battened

Rodebaugh wrote:Yep, Hatches are battened

oh swell, its already happy happy time: http://www.bbc.co.uk/news/world-europe-14883521

explosion at a French Nuke plant, and nobody knows "anything"....great.

Rodebaugh wrote:Yep, Hatches are battened

And the bats are hatchened.

Mossy wrote:

Rodebaugh wrote:Yep, Hatches are battened

And the bats are hatchened.

and dont forget the hatches, axes, mauls, FAL's, soaped up diesel bottles, concertina wire, road spikes, etc etc etc.

and keep that happy face: http://www.youtube.com/watch?v=FaYR5lwzomE

yay!

I hope you're right this could be a buying opportunity.

I think this will probably be the "new normal." People have been sleepwalking thru Lalaland, but they're starting to wake up and smell the garbage.

Greece is about to default and the S&P is green

Rodebaugh wrote:Greece is about to default and the S&P is green

you know why? probably half of Wall Street, naw, three quarters of Wall Street, three quarters of the lobbyist shops on K Street are medicated on seratonin uptake inhibitor's...anti-depressant's...its more widespread then we're even aware. on reliable info...trust me, i've heard that they have retinal scan dispensers of the stuff at a certain five sided buidling....you can get anti-dee's AND benzo's, there's a machine on each floor, and wing, stocked daily. Just walk up to the eye reader, scans you, dispenses the meds, a lil dixie cup slides down, squirts in some spring water, and you're good to go. i've also heard they have a similar set up at the Fed, Homeland Security, Treasury, IMF, BIS, its the new norm. And i'm almost positive that the guys at the big houses in the private sector have similar arrangements.
of course, i might enjoy my indulgences, but one thing i absolutely stay away from are anti-D's, seratonin uptake inhibitors, because you dont FEEL, dont feel sad, dont feel happy...you're just even EVEN, and when i get depressed, i want to feel that..means somethings wrong. Its when you cant FEEL, that's the danger zone. So now we have all there petty and major oliogarches medicated to the gills, just chimped out, baked, making some very major policy decisions, while gassed on state of the art intense pharmaceuticals....and i'm not just talking about a wee paper pushing GS-11 at the Fed, this goes all the way up the food chain to the HIGHEST LEVEL's......did any of you see the President during his "pass this bill" rant?....hmmm? Do i hafta get specific? Barry was little "amped" up, wouldnt you say?....and i'm not talking about a iced double double mocha pre-speech, he gets the industrial strength stuff, nuff said.

its all gotten so bad in the halls of power, both private and public sector, its like you have a thousand "Tony Montana's" (of "Scarface" fame http://www.youtube.com/watch?v=2T1GOCCaiWA ) churning and burning stocks all day long with white junk at the corners of their mouths, acting on the economical guidance of a battalion of newly minted "Chance the Gardener's" ("Being There" http://www.youtube.com/watch?v=TYeVQzTVyLk ) camping out at the Fed, muttering "in the spring there will be growth", all the while piles of bones, sucked clean of marrow litter the floors of the Pentagon, food for the savage packs of Generals all believeing they were Patton ( http://www.youtube.com/watch?v=XZJcAeJ8 ... re=related ) in another life. Its madness and insanity packaged as the "American Way", and we have to live with the fact, we are doomed.

neilgin1 wrote:

Rodebaugh wrote:Greece is about to default and the S&P is green

you know why? probably half of Wall Street, naw, three quarters of Wall Street, three quarters of the lobbyist shops on K Street are medicated on seratonin uptake inhibitor's...anti-depressant's...its more widespread then we're even aware. on reliable info...trust me, i've heard that they have retinal scan dispensers of the stuff at a certain five sided buidling....you can get anti-dee's AND benzo's, there's a machine on each floor, and wing, stocked daily. Just walk up to the eye reader, scans you, dispenses the meds, a lil dixie cup slides down, squirts in some spring water, and you're good to go. i've also heard they have a similar set up at the Fed, Homeland Security, Treasury, IMF, BIS, its the new norm. And i'm almost positive that the guys at the big houses in the private sector have similar arrangements.
of course, i might enjoy my indulgences, but one thing i absolutely stay away from are anti-D's, seratonin uptake inhibitors, because you dont FEEL, dont feel sad, dont feel happy...you're just even EVEN, and when i get depressed, i want to feel that..means somethings wrong. Its when you cant FEEL, that's the danger zone. So now we have all there petty and major oliogarches medicated to the gills, just chimped out, baked, making some very major policy decisions, while gassed on state of the art intense pharmaceuticals....and i'm not just talking about a wee paper pushing GS-11 at the Fed, this goes all the way up the food chain to the HIGHEST LEVEL's......did any of you see the President during his "pass this bill" rant?....hmmm? Do i hafta get specific? Barry was little "amped" up, wouldnt you say?....and i'm not talking about a iced double double mocha pre-speech, he gets the industrial strength stuff, nuff said.

its all gotten so bad in the halls of power, both private and public sector, its like you have a thousand "Tony Montana's" (of "Scarface" fame http://www.youtube.com/watch?v=2T1GOCCaiWA ) churning and burning stocks all day long with white junk at the corners of their mouths, acting on the economical guidance of a battalion of newly minted "Chance the Gardener's" ("Being There" http://www.youtube.com/watch?v=TYeVQzTVyLk ) camping out at the Fed, muttering "in the spring there will be growth", all the while piles of bones, sucked clean of marrow litter the floors of the Pentagon, food for the savage packs of Generals all believeing they were Patton ( http://www.youtube.com/watch?v=XZJcAeJ8 ... re=related ) in another life. Its madness and insanity packaged as the "American Way", and we have to live with the fact, we are doomed.

Nice post Neil, certainly paints a picture. Any chance a whiff of this subject could be found on the web?

no. i have this all on DEEP background. A man's word is his bond, i'm sure you understand....and believe me, i WISH i was entirely in jest, but that is simply not the case

One only needs to examine the fundamental facts (not the media spun opinions) to see the issues before us. It seems pretty obvious that the major financial and political institutions are fighting a desperate and inevitably losing rear-guard battle against overwhelming odds, in a crisis of their own making. The markets are (I believe) artificially propped up by some unknown combination of national asset selling and fiat money printing with instructions to institutions to keep markets from falling too quickly, and PMs from rising too fast.

In a stable system, small disturbances create correspondingly small displacements. The level of stability is related to the level of displacement. In a stongly stable system the disturbance comes back to equilibrium quickly and decisively. In a weakly stable system the displacements from equilibrium are larger, and the return takes longer. In a weakly unstable system a small disturbance causes a new definition of equilibrium, but one that is not far removed from the previous equilibrium, and the change tends to occur relatively slowly and without too much energy change.

Where are we? We are in a strongly unstable system, but one which is under artificial external control. When the system is displaced from equilibrium there are additional external forces which attempt to push it back to equilibrium.

However, in every inherently unstable system there comes a loading point where even extensive, artificial, active, external controls with instructions to attempt to maintain stability cannot overcome the increasing tendency toward instability. When that happens the new equilibrium point is reached very quickly and decisively, with a tremendous amount of energy change.

That point of no return is simply called the critical point. We are very near that point.

I agree with 68. They are playing Jenga. Just a few more moves and catastrophic failure will occur.

We have a government and media that have a way of deceiving the public into thinking things are better than they appear. They will tell everyone in an underground bunker things are looking good, the sky is clearing and blue skies are showing. In reality there is a Category 5 hurricane parked on top of their heads.
It is their way of keeping people calm. They dont want wide spread SHTF situations

68Camaro wrote:One only needs to examine the fundamental facts (not the media spun opinions) to see the issues before us. It seems pretty obvious that the major financial and political institutions are fighting a desperate and inevitably losing rear-guard battle against overwhelming odds, in a crisis of their own making. The markets are (I believe) artificially propped up by some unknown combination of national asset selling and fiat money printing with instructions to institutions to keep markets from falling too quickly, and PMs from rising too fast.

In a stable system, small disturbances create correspondingly small displacements. The level of stability is related to the level of displacement. In a stongly stable system the disturbance comes back to equilibrium quickly and decisively. In a weakly stable system the displacements from equilibrium are larger, and the return takes longer. In a weakly unstable system a small disturbance causes a new definition of equilibrium, but one that is not far removed from the previous equilibrium, and the change tends to occur relatively slowly and without too much energy change.

Where are we? We are in a strongly unstable system, but one which is under artificial external control. When the system is displaced from equilibrium there are additional external forces which attempt to push it back to equilibrium.

However, in every inherently unstable system there comes a loading point where even extensive, artificial, active, external controls with instructions to attempt to maintain stability cannot overcome the increasing tendency toward instability. When that happens the new equilibrium point is reached very quickly and decisively, with a tremendous amount of energy change.

That point of no return is simply called the critical point. We are very near that point.

+1

so where do you think silver will be at the weeks end?Im trying to decide when to buy.I was totally tempted today when silver dipped under 40.There a local pawn shop that lets me buy at one or 2 strikes under spot...thing is last two times silver was 42 and 43 so now I feel like its already on sale....

Buy buy buy. 50$ will soon be old memory.

There is just too much money in the system and not enough hard assets to push that money into. Sure, if I had access to a 0,25% APR loan financing, I would purchase 100K of gold right now and spin it at the appropriate time.

Cheers,

Right now I am buying some silver on margin. Hey, I pay 8% interest rate per year on fiat money and I can get real money that is going at 20%+ every year... and can be even more. I don't think I can lose at this game. I don't see silver under 100$ next year or the year after that.

Coppercrazy wrote:so where do you think silver will be at the weeks end?Im trying to decide when to buy.I was totally tempted today when silver dipped under 40.There a local pawn shop that lets me buy at one or 2 strikes under spot...thing is last two times silver was 42 and 43 so now I feel like its already on sale....

Silver is undervalued in my opinion so I'm building the personal stash little by little. Its a good time to buy as long as physical is available if you are the stacking type. Everyone has different goals and plans in mind... Stack for a rainy day vs flip shorter term for a profit. If you want to flip the stuff, obviously dips are a focus. I wouldn't worry too much about dips if you are in for the longer term. Ever look at a 5yr chart and try to spot the dips (not counting the drop early May)? I've spoken with quite a few dealers across the US that are selling out as fast as they can stock. Again, its all about personal goals for this stuff which will influence when and how often you pull the trigger. Happy stacking.

its rather funny to see how these folks are working overtime to hold this whole thing together. well, not really funny, more like tragic, when you consider the effects on people who just want to live. All THIS, these games, and the politics, greed, lies, etc...THIS is what is spoken of in the Bible, specifically Revelations as "Babylon"...or "The Whore of Babylon", its all been working towards this time, for over 5,000 years. Nothing new under the sun.

It looks like they've saved themselves for another week. At least the market thinks so. They are very good (I give them credit) at kicking the can down the road, but each time they do, the eventual result gets worse and worse. I tend to think that with this approach (that they are taking, bail-out after bail-out), when the crash does happen, it will happen so fast that even our heads will be spinning (and we're the ones that expect it and are watching for it!).

Looks like we will end the week with an up day.