Sorry for the lack of updates today. Its been a real pisser of a day and The Turd is in a bit of a foul mood.
Thank you for your patience.
Let's start tonight with this:
This is potential excuse #1 for Blythe to raid tomorrow. Be cautious but be ready to buy the dip.
But this notion that the Fed has an "exit strategy" is the ultimate in SPIN. What utter nonsense!! Frankly, any report you see that mentions this BS tomorrow should be noted and filed, the journalist never to be trusted again as that person is either a complete fool or a paid shill for the ponzi.
Here's one of the reasons The Bernank will never be able to stop QE...the long bond chart:
Will Blythe use this type of "news" to try to start another cascade of selling? You bet your ass she will! The question is when. The answer is here:
Now lets turn to gold, which is seeing a slow, methodical march away from Turd's Bottom:
Two more things. You no doubt noticed the selloff in everything else today, including copper. Do not let your heart be troubled...yet. As long as we stay within our recent range, ole DrC is not causing any harm to the PM cause. In fact, if it dips toward 448, I'd be a buyer.