Regular visitors to Turd's World will recall that we've been chronicling the ongoing damage that the reckless moneyprinting of the U.S. Federal Reserve is causing. Previous threads can be read here:
OK, here's a look at the latest POMO schedule. Operations begin tomorrow.
significantly higher and we can't have that. Maintenance of The Great Ponzi demands low rates. This is why anyone who claims that QE is going to end in June is either a clueless moron or a manipulative, keynesian shill.
Curiously, many of the commodities we update here each month declined over the past few weeks. The exceptions were gold, silver and crude. At some point, all of the decliners will present themselves as tremendous buying opportunities. For fun, I've included a "price where I'll be buying" column for you to consider. Many of them look like some further weakness may be in the cards so maybe we can do some dip buying.
Asset 2/10/11 3/11/11 change buy spot?
April gold 1362.50 1419.60 +4.19% 1405-10
April crude 89.94 100.59 +11.84% 98-100
May silver 30.12 35.89 +19.16% 34-35
May wheat 8.94 7.19 -19.57% 680-700
May copper 455.35 420.75 -7.60% 400-410
May soybeans 14.45 13.34 -7.68% 12.50-75
May sugar 30.19 28.86 -4.41% 27-27.25
May ES 1318.75 1306 -0.97% never
So, there you have it. Another $105,000,000,000 in fresh greenback will be printed over the next 4 weeks as the U.S. government seeks to pay its bills. God Bless America...we're going to need it. TF