Replies to post #47 on 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.

[DeepBlue1]

The last big bounce in the market came when the Fed "came up with a plan"...LOL

Tomorrow we break the old lows because "the Fed doesn't have a fucking clue", or is hell bent on destroying the economy. It's hard to tell exactly what Paulson's intentions really are.

TTYL SB

[DeepBlue1]

Wowie zowie...what a day. Thank goodness I saw the triple bottom on the Dow at 8000 coming. Within an hour of it hitting that level today I figured out what the percentage gain of BGZ would be from where we were at that moment and put in a sell for 1/2 of what I had just below that. Only missed by less than 1 percent of the top. Then, as it looked like a bigger bounce was coming I went long on the BGU in an equal number of my BGZ just in case it keeps going so I'm net neutral now on the Dow.

I'm still EXTREMELY SKEPTICAL however whether the 8000 level will hold. It was an obvious technical marker. The G-20 meeting and the potential hedgefund redemption move tomorrow will have more to do with where it goes from here than any technical bs.


RE: that 2012 thing...I found out that the 5000 yr old I Ching also apparently has focused on that date. It seems their recurring 64 symbol system ends it's prophecies on that that date too. In fact, If I heard it right, it ends on the exact date of Dec 21, 2012

And to top that off, the oldest Native American Indian tribe, the Hopi, also believe that the fourth world will end then and the fifth will begin.

This is getting kind of spooky!