At least that's what The Fed and their sycophant mouthpieces in the media would have you believe. Please take a moment to ensure we are on the same page as this is critical to understand. If "official" US government statistics were to "officially" show the true rate of inflation, there is no possible way the debt and deficit could be financed at 3%. No Way! Inflation must be under-reported or the entire scheme collapses from it's own weight. The stated inflation rate is the single most important statistic in prolonging the status quo. Rates must be kept low, at all cost.
So, as I sit here this morning in my t-shirt and jeans, I started thinking about this:
My point is, protect yourself. DO NOT, under any circumstances, allow Blythe and her monkeys to scare you out of your precious metals. By the way, take another look at the percentage gains of these three commodities. Ingrain them into your memory and pull them back out the next time you hear some stooge/buffoon state that "gold and silver are in a bubble".
On to today, its 9:10 and everyone is waiting for Blythe to start her daily ritual. Maybe today she won't. Perhaps seeing crude at $90.30 is giving her pause. If she doesn't strike, we're headed back to and through 1400 in gold and we'll probably move up near 29.75 in silver. Let's watch and see.
Lastly, The Turd would like to applaud his friends Luke and Elizabeth Skywalker as they celebrate their 21st wedding anniversary. I don't remember much of that day...too much Jack Daniels...but it was cold as hell, something like -25F. Brutal cold but they've made it 21 years, nonetheless, and for that they are to be congratulated.