Jamie Dimon and Lloyd Blankfein do not care what their respective bank equity is. Their job is to short gold and silver, and help the Fed roll debt forward. They pick up their checks along the way. The system of proxy runs deep at every level.
Wall Street and Washington are playing kick the can down the road long into the night. They will play as long as they have to in order to keep the system up. Along the way, the banksters place private long term bets as to hedge their bets for the coming fiat devaluation, but they earn cash bonuses, and they earn their bonuses on performance that has little to do with their corporate equity.
They do however invest in other corporate equity. This is one of the ways to diversify out of the dollar, and the sneakiest. This gives them the opportunity to tout recovery while the economy flails about. There will be a time when the flailing stops because of a flatline.
The trades are moving in one direction now, steadily but surely. Will there be a pull back after an up leg? There always is, but really, there will not be many more dips to buy. Tonight gold looks strongest, the dollar looks weakest, and silver and oil are solidifying their gains. Platinum wants to make a clean break to its all time nominal highs. It will not be too long before it does so.
Monday, January 31, 2011
Gold/Silver/Platinum/Oil/Dollar
These are the five things I watch. Right now nothing is more exciting. The dollar is falling off of a cliff and taking everything with it. The trade that has oil not knowing which way to go is also on a weak Yuan. What is going on, people?
Weak dollar with a weak Yuan....gold remains weak and at the bottom of its recent range....silver is capitulating...oil has gotten out ahead....platinum is banging on the $1800 resistance level, a level that will break abruptly, catapulting the price straight to $2300.
Every time the dollar gets a spike, gold moves to the upside. This trade is most likely blowing everyone away. Where is the big money going? Corporate equity? Maybe Bernanke is shorting volatility.
When will the move happen? Well, the protests have gone global, and this might be the turning of the Keynesian system inside out.
Weak dollar with a weak Yuan....gold remains weak and at the bottom of its recent range....silver is capitulating...oil has gotten out ahead....platinum is banging on the $1800 resistance level, a level that will break abruptly, catapulting the price straight to $2300.
Every time the dollar gets a spike, gold moves to the upside. This trade is most likely blowing everyone away. Where is the big money going? Corporate equity? Maybe Bernanke is shorting volatility.
When will the move happen? Well, the protests have gone global, and this might be the turning of the Keynesian system inside out.
The Slaughter House
The house of pain, says James "the Clown" Cramer, is what we have entered. Ford and other companies like Intel have been slaughtered by earnings. Wall Street seems to have set the bar too high for the "recovery". Major corporations are struggling at the margin, this after they have cut their entire work force. Corporations were supposed to be the last safe haven.
Governments in North Africa are falling. Babylon is falling. What will the Kings of Babylon do? Will they let it fall, or will they try to hold it up? Most likely, the elite herd will be split in two. Some have already gone. Others stay like parched preachers. Waiting for their redemption.
Yet some corporations are dominating the economic landscape. The world has become Mordor, and corporations the all seeing eye. The combination of oil majors as the blood, banks as the brains, and industry as the heart, the body of the dark lord has risen. He will shed meaningless corporations like corpses falling out of a war ambulance.
With the right as an individual corporations take the baton from governments. Soon corporations will be the governments. Soon the CEOs will fund the school system, health care system, and all systems. It will be a "partnership" with the people. Soon corporations will rule the world. Or they won't because people asked for their rights back.
Giving corporations sovereign rights is like giving rights to a robot. Is a robot a person? So why should we treat it like one. When science fiction becomes reality and we have to question robotic behavior patterns we will, but until then it is moot because it is so far into the future. As for now the robots are corporations fed by algo machines from hell that are destroying the economy. The first move should be to stop Keynesian policy. The next should be to ratify the corporate agreement.
Governments in North Africa are falling. Babylon is falling. What will the Kings of Babylon do? Will they let it fall, or will they try to hold it up? Most likely, the elite herd will be split in two. Some have already gone. Others stay like parched preachers. Waiting for their redemption.
Yet some corporations are dominating the economic landscape. The world has become Mordor, and corporations the all seeing eye. The combination of oil majors as the blood, banks as the brains, and industry as the heart, the body of the dark lord has risen. He will shed meaningless corporations like corpses falling out of a war ambulance.
With the right as an individual corporations take the baton from governments. Soon corporations will be the governments. Soon the CEOs will fund the school system, health care system, and all systems. It will be a "partnership" with the people. Soon corporations will rule the world. Or they won't because people asked for their rights back.
Giving corporations sovereign rights is like giving rights to a robot. Is a robot a person? So why should we treat it like one. When science fiction becomes reality and we have to question robotic behavior patterns we will, but until then it is moot because it is so far into the future. As for now the robots are corporations fed by algo machines from hell that are destroying the economy. The first move should be to stop Keynesian policy. The next should be to ratify the corporate agreement.
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