Posted on 04/17/2013 7:56:19 AM PDT by blam
I tend to agree, especially if you want to get a handle on the Chinese economy. They are slowing down, we are slow, Europe is the dog’s breakfast. The economy I believe will track very well with what copper does.
Gist here appears to be that Helicopter Ben is “Quantitatively Easing” (loose metaphor but it works) Gold down. Could be.
The Chinese have badly exacerbated the copper situation, and I believe copper could lose $3. (VERY bad for BHP, FCX)
They have stockpiled copper in vast qtys to front run the “infinite” demand, SOME Chinese have borrowed money against same, and some have used copper as a way to get money out of their banking system. I don’t think this is one day or 30 days in the life of copper.
I pulled 200+ lbs of Cu out of the house I remodeled last year. I was a dope not to sell it.
Commodity price manipulation is easy for new world order, as is news media manipulation.
Imagine that your net worth is several billion dollars and you have dozens of billionaire friends and you own or control the boards of hundreds of companies, especially in finance, raw materials, manufacturing, food, construction, chemicals, power generation, media, sovereign debt, defense, etc.,...
Not to mention you have billions worth of stocks that you’ve placed inside tax-exempt foundations that you control, that “advise” universities, government policy (of various governments) and any “global grassroots movements” that you wish to start, “spontaneously”...
What possibilities...
“Europe is the dog’s breakfast.”
before or after he ate it?
IMF??
Read this. Google has much more.
http://qz.com/74459/why-central-banks-have-been-hoarding-gold-since-2009/
Copper is at 3.20 now. Do you really think it can lose $3 and go down to 20 cents? (Honest question, not being a wise guy)
Godzilla is just after the copper lines. Duh he is a scrapper.
By looking at things, I’m thinking the latter.
When he finds out that copper is dropping in price he’s going to get REALLY mad.
http://market-ticker.org/akcs-www?post=219866&findnew#new
Better technical explanation than I can furnish. It’s headed there, whether it breaks $3, dunno.
What could take it there? There is a tremendous amount of NON-recognition of the financial condition of the world and an overestimation, IMO, of the world’s growth prospects. I also believe there is a lot of oversupply. Technically, the channel break is ominous.
OK folks, tell me, are there any safe havens to put one’s money in?
Stock Market? CRASHING.
Bank Deposits? Yielding nothing ( and inflation eats up your savings ).
Money Markets? The same.
Gold and Silver? See Stock Market above.
Treasuries? See US Debt and Bernanke QE1 2 and 3.
Housing? (Well that’s the only one that seems to be recovering, but Obama again wants banks and the FHA to provide loans for those who can’t afford to buy homes ).
Mattress? (See Bank Deposits ).
So where to go?
“Is The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash?”
I’m entirely ready to test the “reset” button at this point. We know it’s coming, let’s get it over with.
NWO knows some simple basics that they take great care to exclude from public school curricula.
One is “possession is 9/10ths of the law”.
If you own a local business, that gives you much better possession than having the assets you own in a government-regulated account for which you receive a monthly statement of your ownership position.
One day you can get a statement that simply notifies you that your assets have been confiscated.
No, it means that all the people who are foolish enough to buy gold as an investment have already brought all of the gold that they want or can afford to buy and there are not enough "greater fools" out there to pump the demand that is needed to support the price.
This is only a temporary decline. We are closer to the SHTF in a global way than we’ve ever been before and there’s no one with sanity in a position to stop it.
ping
Copper, forget that I am investing in Nicken and hydrogen and making energy and selling copper....
E-Cat joke...
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