Steve's Place

[DeepBlue1]

The English equivalent of the Fed said this morning that they're not expecting any inflation in the foreseeable future and they've given up on trying to prop up the Pound Sterling against the USD.

The Dollar continues to rise, still only relative to other currencies, but still dragging down commodities and precious metals.

No end in sight yet and this is looking more and more like a very long lived and very deep recession/depression scenario.

I may have to liquidate my physical silver soon just to raise capital to pay bills myself. Not looking forward to that, but I don't see it getting any better any time soon, and in fact will likely get much worse before it gets better.

In hindsight, I now realize that the drop in silver in the face of huge liquidity injections was because the banks knew what was about to happen and we got caught in the mess.

Buying silver was "logical", but the "reality" of the situation was simply unknown to us little guys....AGAIN.

Watch your shoes...I'm about to puke in disgust...AGAIN.