Saturday, June 22, 2013

Welcome to the one man economy

Another smashing in gold and silver, gosh when will it stop.  Maybe never.  My bet is now on a bottom in September with gold < $1000.  Silver, not so sure, maybe $18.  Probably no new highs this year, but what do I know, these markets are mad and impossible to read.  Made a 2k bet the last few days and that didn't work out.  Thankfully I still have my *physical* gold and silver, the only things of value that will stand when the whole financial system blows up.  I still haven't closed my options spreads for Dec this year and next.  Frankly the whole system is already dead when one man's words can control the entire world's markets.  I'm just waiting for the whole shebang to blow already.  Paper with dead men's faces be damned and all digital numbers on the computer.  We need to get back on a moral ground with gold and silver backing.

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