Huh?
Posted on 10/14/2010 9:55:49 AM PDT by bolobaby
The recent silver price action has me spooked. I've been telling friends and family that if silver breaks $24, that's a bad omen. I base this on the fact that the 30 year high was in the 23s and I expected silver to meet strong resistance just shy of $24.
In the earlier morning hours, silver nearly teased $25. It's fallen since then, but it *has* broken the $24 barrier with a fair amount of confidence.
So, given that, the prospect of QE2, the continued dollar drop, ridiculously low bond yields, etc, etc...
How close are we to economic collapse? Who wants to make a prediction?
I think the thirty year high was in 1980, and it peaked at 51, if my memory is accurate.
If the collapse comes in the next few weeks, they may have to cancel the elections ...
Huh?
You need to start a ping list so we get a heads up when it happens.
How do you define a collapse?
We have plenty of room to maneuver
Whenever Moscow and Bejing decides.
I don’t know about a collapse, but 2011 might be an ugly year.
Just substitute the United States for Argentina and the ‘banging of pots and pans’ for gunfire and this is what it will look like:
http://www.youtube.com/watch?v=rH6_i8zuffs
“If the collapse comes in the next few weeks, they may have to cancel the elections ...”
Scary prospect, huh?
That guy ‘might’ twist an ankle! Notice street light way above his head.
Yeah - I’ve watched that video a couple of times already. I think we’re heading there, the question is *when*.
Its not how much is your net worth, its how much ammo do you have. Thanks Skippy. Glad you’re wife is proud of her country now.
We are standing at a great abyss, ready to take a leap forward.
Give it two years. Tops.
As long as NCAA football and NFL season is not cancelled the clueless sheep will be happy. As long as they have TV they will be happy slaves.
That’s what I was thinking.
He is at LEAST three feet off the ground. OSHA would tell you how dangerous that is.
/s
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