The PTB have let their shield down. They do this from time to time. RIMM, and others; sometimes they can not afford to hold each part of the Ponzi up, and it makes for a great shorting opportunity.
They let their shield down, and now all the world can see. MF has gone bankrupt, don'cha know; a major hedge fund, guys on the inside. Last time this happened it was during the Fall of '08. The shield is down, and that means they are on the offensive.
The Central Banks of the world have tied their interest rates together. The fascist states of america has made everyone a terrorist. The desperate have become awkardly desperate, and are now taking stabs at windmills.
They have let their shield down, for all the world to see.
Mr. Lennon,
ReplyDeleteIt has been a while. I have been opening up this link everyday and almost gave up. Hope all is well.
After a rough fall to its current levels, any thoughts as to where platinum might go to in 2012? Are you a fan of platinum for 2012?
Thanks,
Jack
Hey Jack! I've been busy, no worries.
ReplyDeletePlatinum, a metal that I think is highly undervalued. Platinum has such an interesting history: only becoming wanted recently (it was once thrown away!) now people think it is just for industrial use in cars.
Platinum has made me question the PM complex for the last few months. Look at it as a very long term play; I haven't a clue what it will do in the near term, but it shouldn't go down much further.
Hey,
ReplyDeleteThanks for taking the time.
Could you see it cracking $2000/ounce in the first 6 months in 2012; if not, how about by December?
I noticed that when it dived in 2008, it was only for about 3-4 months and then it started to bounce back. I know the situation is different, however, I really can't see it selling off much more. We are at about or just under cost of production. The bleeding has to stop or some high cost miners will cut or stop production, if they haven't started already.
I read this recently:
http://www.platinum.matthey.com/media-room/news-room/south-africa-platinum-group-metal-production-falls/801233845.html
This to me is huge.
I've been holding all along and am underwater on this, hoping it will come back in the first half of 2012.
You don't think there is much more downside? Do you think this is a year end sell-off for liquidity?
JM