You LAUGHED when they said gold would reach 2,000.

[dixiegrrrrl]

1,715 as I type.

Whadda ya say to 3,000???

[Renew Deal]

1. Is there actually enough Gold to meet demand?

What happens if everyone asks for delivery?

[PoliticAverse]

Lawyers make some gold ? n/t

[phantom power]

2. I've *heard* that gold is over-sold by at least several times its actual amount.

I don't claim to know.

[stockholmer]

4. paper contracts are oversold versus physical 100 to 1, at least

If you dont have physical possession or have your bullion in an ALLOCATED, non-bank vault, you are insane.

http://solari.com/articles/Options_for_Storing_Precious_Metals/

[dixiegrrrrl]

5. oversold just like mortgages, sounds like.

Silver, now, maybe not?

[Po_d Mainiac]

78. oversold like an overbooked aircraft. n/t

[stockholmer]

7. if all ask for physical delivery (and so many think they can, but their contracts state otherwise)

settlement will be in fiat currency. ALLOCATED, non-bank vault accounts and actually physically holding it yourself is the only way to go.

http://solari.com/articles/Options_for_Storing_Precious_Metals/

[aquart]

3. Not a good time to wear gold jewelry.

[n2doc]

6. Well, still not 2000. Not even 90% of that.

We shall see how things go after this week's panic is over. You might be right, but I wouldn't crow yet.

[stockholmer]

22. crow?? I bought so so much gold and silver at under 350 US and 5 US/oz, respectively

I have, and will continue to buy and hold, just as I have done for the last 13 years. It's called dollar cost averaging, I suggest you look into it whilst the US dollar is still worth more than toilet/wall paper.


print print print till you drop drop drop

QE 1287 anyone?

[n2doc]

24. I have gold bought sub $200 in the 1970's

Nyah nyah, nyah.

And to tell the whole truth, my SILVER holdings have kicked the crap out of my gold holdings. And I expect that to continue.

[stockholmer]

25. upon 2nd look, I do believe I misread the intent of your post, & I apologize if I came off as an ass

Congrats on holding that long, as you really are in the chips. For me, and I assume you, it is all about preserving wealth vis-a-vis a fiat currency.

cheers

[n2doc]

27. And I do apologize as well.

I tend to be a bit sensitive to the "Gold is going through the roof posts". Even though it seems to be doing just that.

I do wish that I had bought more. Especially at the start of the W years. I knew he would be bad for the dollar.

[stockholmer]

28. silver is a really good buy right now, its lagging gold substantially, its historic ratio is 16 to 1

at present it is 44 to 1, I fully expect it to retrace down to 30 to 1, at a minimum, over the next 1 to 3 years

[Art_from_Ark]

67. The "historic" ratio of 16:1 is a myth

When the United States minted its first official coinage in the 1790s, the ratio was 15:1. However, it soon rose to 15.75:1 in Europe, and a lot of US gold flowed out of the country because it was considered undervalued in relation to silver. In the US, the 16:1 ratio was adopted in 1834, meaning that the fine silver in a silver dollar would weigh 16 times as much as the fine gold in a theoretical gold dollar coin. However, beginning in 1849 the California Gold Rush unleashed a higher proportion of gold to silver on the market, and for a few years silver actually gained a little in value vis-a-vis gold, and the US reduced the amount of silver in subsidiary coinage for a short time as a result. However, the huge silver discoveries starting in the late 1850s with the Comstock Lode effectively reduced the market price of silver to the point where in the 1870s, the silver in a silver dollar became worth only a fraction of the gold in the gold dollar of the time. While the ratio of silver-to-gold weight of coins in the US officially remained at 16:1 until 1933, in reality for most of the 20th century, 16 ounces of bullion silver was worth much less than 1 ounce of bullion gold.

[Po_d Mainiac]

70. 16:1 is the approx. ratio that the two elements are found in the Earth's crust

Thus the reason it was priced in that range. That figure, along with the industrial uses in newly developed electronics (semi-conductors) were the prime reasons Bunker Hunt made his fateful plunge. His reasoning was sound. What he didn't realize was the shear volume of undocumented sterling sitting in Asian vaults. To add to his troubles, his leveraged contracts got hammered with margin increases (sound familiar?)

Ironically Bunker turned to Ag after losing large on an oil field and the supporting pipeline to move said oil to the Mediterranean. A chap who's been in the news a lot recently, nationalized Bunker's pet project shortly after taking command. That being none other than Col Qaddafi

[Art_from_Ark]

71. Put it this way

The way the 16:1 ratio is generally used is as a comparison of the respective values of the two metals (16 ounces of .999 silver = 1 ounce of .999 gold). For all practical purposes, that ratio in terms of market value has not been in effect since the early 1870s, although the silver used to make a silver dollar up through 1935 was still 16 times heavier than the gold used to make a gold dollar (which was phased out in 1889).

And for what it's worth, the current silver-to-gold production ratio is down to about 9:1 (as of 2010)

[Po_d Mainiac]

73. go back a few more hundred years n/t

[Art_from_Ark]

74. The silver-to-gold ratio when the US first started minting coins was 15:1

The silver-to-gold ratio in Japan before the 1870s was about 5:1.
In 1706, the silver-to-gold ratio in Great Britain was about 15.23:1, but it varied on the Continent.

[Po_d Mainiac]

76. Not the point.. ferget about mints and coins

snip
if balance is restored based on the physical ratio of silver to gold in the earth’s crust (16:1), an ounce of silver should be trading near $80.
snip
my note: aged article, ignore price quotes
http://www.forbes.com/sites/greatspeculations/2010/09/14/history-says-silver-is-cheap/

using the same criteria, Gold/Platinum is approx 30:1

approx. 25kg of Ag goes into a finished cruise missile with a convetional warhead... Can't imagine it's easy to recover after a detonation...

[Art_from_Ark]

79. That's a very big IF

Considering that the current mining ratio is about 9:1, and the silver price still lags pitifully behind gold, and (with one brief exception in 1980) silver hasn't traded at a 16:1 ratio to gold in the metals markets since the 1870s, I don't see how silver is ever going to approach a 16:1 price level with gold. Saying that, as someone who holds some "junk silver" and silver eagles, I wouldn't mind seeing silver at $80, since that would mean my silver would be about enough to get me *two* round trip tickets to the States, rather than the current *one* ticket :).

[Po_d Mainiac]

80. Even in the current state of the world economy

supposedly current production is only keeping up with industrial demand.

And just because the metals are scattered through the crust layer at a certain ratio doesn't mean they are extracted and/or processed at that rate. The varied commodity exchanges may or may not be able to, or for that matter, willing to account for accurate total extraction figures. Fair and full disclosure it not something they (ESP Da CRIMEX) have been accused of as of late.

16:1 with Au @ $1800 wood relate to Ag in the $112 range. If there truely are fictitious accounting schemes afloat, the price tag to restore bullion inventories may be massive.

I use the vague terms may/could/supposedly/etc. because there is plenty of annectdotal material being written which indicate major manipulations are in play.

BTW, if $Au holds and that 16:1 number ever occurs during my lifetime, I'll cover the airfare and fly you and family heyuh for a lobstah feed!

[dixiegrrrrl]

52. You make a good point about buying while dollar has any value at all.

Excellent point.

[dmallind]

54. Did the same in stocks at

Even when the gold bugs pretend all investers went all-in from nothing in 2006.

[mackdaddy]

8. First time in 10 years my IRA went up is by betting Against America..

After loosing nearly 50% from the high I moved most of my IRA to gold and silver stocks, and ETF's. Still not back to where it was pre Bush, but nearly.

Gold of course has not really gone up, but is just a measure of how far the dollars value has fallen.

If Gold gets to $5000 an ounce I am going to liquidate enough to pay off my Mortgages and the taxes.

Of course that means that the overall economy will be blown up but at least BOA will not be foreclosing. (well not legally).

If our government starts doing real fiscally responsible actions like reversing the tax and trade policies of the last 30 years I would be glad to get back into stock fund investments.

[stockholmer]

10. buying gold and silver to preserve wealth is NOT betting against the USA, it is a response to the

horrific actions of the global systemic money-changers. Inflation in a fiat currency schema is the largest hidden tax on mankind.


Never confuse Wall Street and the other bourses, (overseen by their banking overlords), with the public good and the collective soul of a nation state.

[stockholmer]

9. for all naysayers and 'gold is in a bubble' sheeple, read on ---->

All global fiat currencies are being utterly debased and destroyed right before your eyes. Throughout history, every single fiat currency has collapsed in a violent plummet. Every one. This time will be no different.

Even If you were ONLY buying into the teeth of the manic parabolic gold bubble of January/February 1980, you would have been in the black since 2007, if you were buying in 1977, 1978, and the first half of 1979 you were ALWAYS in the black, and if buying in 1982 to 1985 (and almost all of the rest of the 1980's), you were in the black from 2005 onwards. If you had been buying from the end of 1997 up until 2005, you would have seen huge profits of over 300 to 600 percent already, just in gold. Silver is even more dramatic in its rate of return, even with the very recent pullback from $47/$49 an ounce to $40 an ounce.

Gold has increased by double digits as a percentage gained for the last 10 years in a row. Can you say the same of the NASDAQ? The Dow? The S&P? The US dollar? US Treasuries? The average US IRA? LOL! How about your paycheck? How about the value of the average American house? Not so funny, is it?


I have been long gold AND silver since 1998 and 1999 (in physically-held, allocated non-bank secure vault accounts), when the US trashed the Glass–Steagall Act and legalized derivatives under the Clinton/Rubin/Greenspan troika. I have an average gain of over well over 350%, whilst the Dow is utterly stagnant from the tech bubble crash of early 2000 till now. In fact, it is off greatly, due to inflation, and many who were crushed in the stock crash of 2008-2009 pulled out, locking in huge losses that they could have somewhat recovered in the QE 1 and QE 2 fueled bubble that is now unraveling. Check back with me in 3 or 4 years when those 350% figures are closing in on 1000+% profits.

In 1970, the average US car cost $3900 and took 114 ounces of gold to buy. In 2011, that same car is around $29,000 yet takes less than 19 ounces of gold to buy. Hello dollar debasement!


great source of info on precious metals (interviews with billionaires, 40 to 50 years-in-the-game traders, etc)

http://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html

[BeHereNow]

14. [phone] Wish I could rec your post! n/t

bhn

[stockholmer]

16. 2011 auto now takes less than 17 ounces of gold to buy,based on present price,so the $ debasement

is even more pronounced.

[golfguru]

18. Currencies are NOT the only alternative investment to gold

Stocks of companies in food business, pharmaceuticals,
houses in severely depressed areas etc could provide better
returns over long run (8-10 years) than gold could over the same period if purchased at current prices.

Also, is'nt gold a hedge against inflation? According to
government figures inflation is very small. Is there a shortage of gold? (another reason
for price increase). I can't believe that considering how
many TV ads I see everyday with outfits wanting to sell me gold.

[dixiegrrrrl]

35. According to gov't figures, there is NO inflation

but the government figures which measure inflation do not count food and energy!

All you have to do to SEE the inflation is go to the grocery store and gas station.

How much did you pay for a gallon of gas a year ago?
A pound of coffee?
a pound of bacon or butter?
A gallon of milk?

which are ya gonna believe, the government figures or your lying eyes?

[golfguru]

39. Hehe my lying eyes !

I can cut out some of the driving, but grocery stores
purchases are impossible to cut down!

[pscot]

43. Interesting idea

This 37 Packard, at $1355, was worth 38 ounces of gold:



In 1927 this Packard Phaeton cost $3450 or 168 ounces. It was owned by the government and was used to drive FDR around when he toured WPA projects in texas. It has a double windshield and still has the original pistol holters.

[daa]

11. Goldman Sachs says 2500 12 months nt

[Thav]

12. I heard "futures" mentioned

Does that mean people are buying "commercial paper" gold? I understand futures trading, in that you buy product, hold it for a time, and sell it hopefully for a higher price. Is there even enough gold around to meet the demand today? I'd assume so, but I don't trust wall street at all.

[Warpy]

13. I wasn't laughing, I just said it was a dumb thing to invest in

and I still do.

Gold is experiencing a classic bubble market, the price inflating at several times the rate of inflation in the overall economy.

Not only is it going to deflate quite rapidly at some point, hoarders are going to find out other things, like they're hoarding bars of tungsten instead of gold or oversold certificates that are worth exactly nothing.

Gold works best as a hedge against rapid inflation. It predicts nothing and generates no income of its own. Hiding wealth in gold made sense during the double digit inflation of the mid to late 70s. With the price exceeding even the most wildly overestimated inflation figures, it makes no sense to buy now.

However, if you already have it, peachy. Just be prepared to dump it quickly.

[stockholmer]

19. ridiculous, your reasoning is so fundamentally flawed in its levels of analysis

see my post above. Hoarders!!?!!?!!?! LOLOLOLOL tell that to the Indians, the Chinese, the Germans, the Mexicans, the Russians and dozens of other central banks around the world who are now buying up billions in physical bullion (after years of being net sellers).

Gold, adjusted for real inflation, just to equal its 1980 highs, would have to be at $8,500 an ounce, as laid out by world-class investor Robin Griffiths.

http://blog.uncommonwisdomdaily.com/8500-gold-possible-as-dollar-doom-looms-7225

Near billionaire Jim Sinclair says even higher (with full back up as to why)

http://www.jsmineset.com/2011/06/08/jim-sinclair-gold-to-exceed-12500-to-balance-us-debt/

Jim Rickard's on the Fed's strategy of financial repression (artificially low interest rates, massive dollar devaluation to inflate the debt away)

http://www.gata.org/node/9982


If those 3 names are alien to you, then you are so out of the financial game that you can't even buy a ticket to watch it, let alone play.


If you think that that USA is not approaching double-digits in actually price inflation (let alone dollar debasement), then I take it you will not complain when the official methodology for calculation of inflation in regards to social payments is linked to Chained CPI.

http://thehill.com/blogs/congress-blog/economy-a-budget/173069-social-security-qchained-cpiq-proposal-threatens-economic-security


Back to gold, in closing. If you have a share of stock, that doubled in price from 50/share to 100/share from 2007 to 2014 but the purchasing power of that 100 dollars is debased to 50, you gained ZERO in actual wealth. and that was with a stock that doubled in those 7 years. The Dow Jones, as we speak, is DOWN over 25% from June 2007, gold is UP over 250% over the same time period.

Less than half a percent of investors (both individual and institutional) hold gold and silver, that is hardly the stuff of bubbles. By contrast, during the mania of the NASDAQ bubble in the late 1990's, over 40% of USA households held highly speculative tech stocks, and most ended in tears.

Keep your paper, I will keep my metals, as 6000 years of history show that I will win out over the long haul (and may times the short) every time.

[Warpy]

20. How very odd.

However, continue to play with your shiny rocks.

I'm delighted you think they're so safe and sound that you can't lose.

[Art_from_Ark]

29. Oh, for crying out loud-- gold is NOT a rock

It is a METAL that has been used as a monetary medium for millennia because it best meets the criteria for money.

[BeHereNow]

15. K&R Dixiegrrrrl!

BHN

[golfguru]

17. So why are we bombarded every day by

outfits peddling gold? If it is such a great buy at this
price, why don't they keep it and reap the rewards instead
of passing them to us? I had no idea they loved me so much.

p.s. At one time in history price of tulip bulbs, houses,
internet stocks, etc was inflating higher than inflation.
How did those "investments" worked out for you?

Lastly, if you bought gold during the last bubble, you are
still behind, inflation adjusted.

[stockholmer]

21. the last bubble was 30 plus years ago, and if you are paid and invest in fiat US dollars, inflation

has crushed you. See my above posts for similar refutations of your reasoning.

[golfguru]

30. I made 20% profit on stock trades during last 12 months.

I am trying to stay ahead of inflation.

[stockholmer]

36. I am not saying that you cant make money in equities, but 80 to 90% of traders lose money

http://www.slate.com/id/1003329/ (1999 article, written at the height of the dot.com NASDAQ bubble). Buying and holding blue chips (certain ones) is a good play overall, but it is a smallish part of my portfolio, as they tend to not yield the adjusted-for-inflation returns of my metals holdings.

I do hold some smaller cap equities that pay dividends, but I like to sleep at night, so I really avoid highly speculative stock plays. As evidence of this, I am definitely a huge believer in the gold and silver wealth preservation story, but I completely avoid mining share stocks, even though many of these are now hugely undervalued, and many pay a dividend. I do not buy them because of the very fluctuations in the markets that make for catastrophic drops in their price, even though their product (gold, silver, etc) is going up in price.

cheers

[golfguru]

37. I rely a lot on seasonality

and it has worked out very good. Also, at my age
I trade conservatively. Which means do not chase high flyers.

[Art_from_Ark]

32. Dealers make money volume selling

They need to have a constant money stream, so they are always buying and selling. Here is how one of the dealers I work with (who's trying to get me into the business) explained it to me:

Say he buys $10,000 worth of common gold coins, and sells them at a 10% profit, or $11,000. He then takes that money and buys more gold coins, and sells them at a 10% profit, or $12,100. He's already made 21% on his original investment, in maybe 1 month. Of course, prices can go down, and once in a while he might lose a little bit of money on a few coins. But after visiting his shop numerous times, I can tell that he has been very successful with this method. I'm not sure that I would have the stomach for it myself, though.

[golfguru]

34. back when housing was in bubble

I met a dozen new members at my golf club. Guess what
their business was? Mortgage brokers! In a bubble, the
dealers/brokers make good money. When housing went flat
all those people were down on very hard times.

[girl gone mad]

23. Yep.

When I said that dip in back in May was a buying opportunity, I got called a Ron Paul nut.

dixiegrrrrl, they will never admit they were wrong. They don't understand what gold represents or why it is a good investment in times like this. They want to ignore centuries of human behavior because they hate Glenn Beck. Like I told one of them in May, it's never a good idea to let your political biases cloud your judgment on financial matters.

[Art_from_Ark]

31. I have been trying to make that point myself

Gold is a world market-- it is not a one-man show put on by Glenn Beck.

[JoeyT]

33. Beck's scam wasn't just gold.

IIRC, it was gold coins that were sold far above the value of the actual gold or face value of the coins.

He wasn't making people gold investors, he was making them coin collectors.

I could be wrong, it was a while back, it's late, and I'm tired.

[Po_d Mainiac]

40. You're Correct

Most of the coins had high book prices based on rarety at the time the books were printed. A couple salvaged ship wrecks later and all of a sudden the coins weren't anywhere near as rare as previously thought.

Kinda like the Omaha Bank Hoard redux.

[AtheistCrusader]

82. Selling them on numatismic fantasy value.

A complete crock.

[Po_d Mainiac]

42. Ah the good old days of May..Where are those fools now

With their 'can't eat gold' bullshit?

[dmallind]

55. same place as the fools who said the DJIA going back above 8000 was a "dead cat bounce"? nt

[Po_d Mainiac]

56. Take away QE and the cat would have stayed dead n/t

[dmallind]

57. pfffttt. nt

[Po_d Mainiac]

62. All the gains since Bretton Woods

Have vaporized in 2 weeks

The FED's bond manipulations has pushed e/s FV up with rediculously low ROR's...At the pace of the current sell down, the markets could be at pre QE1 by mid Sept.

[roamer65]

26. I have heard projections of $2800-$3000.

If QE3 is announced, we will hit $2000.

[Yavin4]

38. Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity

Societies are built around and depend upon institutions, the government, the banks, the media, colleges and universities, civic organizations, and yes, religious institutions as well. In order for these institutions to properly serve the public, they have to be run by people with the utmost integrity.

Today, we have the polar opposite. Institutional leaders only care about enriching themselves and their small cabal of associates. They don't give a good damn if your 401K tanks, if you lose your home, if you lose your job, or if you don't have health care. They only care about themselves and how to enrich themselves even further.

The hyper greed system that they've created is unsustainable. When hedge fund managers and some bankers make billions of dollars a year even though there's 9% unemployment and no new creation of industries nor technological innovation, then you know that they're doing it by pure manipulation of dollar based assets. They're debasing your savings, your retirement funds, and your jar full of pennies to enrich themselves at your expense.

Your only protection is in precious metals, gold and silver. Gold and silver are the only things that can survive the years of economic turmoil ahead.

[n2doc]

41. $1777 now. You might get your wish (2K) this week n/t

[Mojorabbit]

44. 1807. nt

[era veteran]

45. Almost $14.00 above platinum

Not used to seeing that.

[upi402]

46. again... I took so much flack for buying it at $743

One asswipe was still saying the economy is too big to fail. The same guy is extremely smart and well respected - but totally buys the RW agitprop.

How can a very average person like me see the fallacy, and very intelligent folks be so utterly duped?

[golfguru]

47. Very nice buy! Now if you can lock in your profits

before the bubble bursts, you will double your joy. There is a saying in investing world that more money is lost by not selling on time than is lost by buying at a wrong time.

[Yavin4]

48. Gold Is Not A Bubble

The dollar maybe, but not gold and silver.

[girl gone mad]

49. The dollar is not in a bubble, either.

Currency revulsion is always a possibility, but nothing points to that right now in the US. That could change.

If inflation becomes a problem, our government can slow or reverse the rate of currency devaluation by raising taxes to increase demand for dollars.

When our tax rates are set to increase (particularly the top rates), that's when you look to trade some of your gold for US dollars.

[Yavin4]

51. Inflation is Tame Right Now Because of High Unemployment

The government is inflating its way out of the debts that it rang up in the past decade. We're de-valuing the dollar big time which is why food and fuel prices are rising year over year.

The Fed just announced this week that we will be de-valuing the dollar for two more years.

Most Americans don't travel outside of the U.S. If they did, they'd see how worthless the dollar is.

[Art_from_Ark]

59. I'm seeing how worthless the dollar is

Living in Japan, I've seen the dollar go from 143 yen in 1998 to less than 80 yen per dollar today. The purchasing power of the dollar over here (as converted into yen) has really crashed.

[golfguru]

50. Gold is not in full blown bubble now but will be at $2300

At that price it will equal the previous high, adjusted for inflation.

[Art_from_Ark]

60. I see that $2300 figure bandied about a lot,

but it's really meaningless. The situation today is completely different from the situation in 1980.

They key players today are central banks, as well as nouveau riche in China, India and other countries. European central banks, which were in the gold price manipulation business in the 1980s, have agreed to limit gold sales-- one reason for the rise in the gold price since 2002, when the euro and associated agreements, including limits on gold sales, went into effect.

There was a program on TV here in Japan the other night about Asian buying of gold. Japanese film crews went to various gold shops in China, Vietnam, India, South Korea and elsewhere on the Asian continent to ask gold buyers about their reasons for buying gold. Almost all of them answered that they distrust the stock markets, the dollar, and their respective local currencies. According to the program, Asian buyers have been the driving force behind the rising gold price.

Interestingly enough, relatively speaking there is not so much interest in gold in Japan. For example, the Bank of Japan has not added to its gold reserves for 10 years (although it would certainly have done well if it had been buying gold 10 years ago, at 1000 yen per gram (it's now 4500 yen per gram). And most of the big gold buyers at Japanese coin shows seem to be non-Japanese.

[Po_d Mainiac]

64. $2.3K is the 'adjusted for inflation' figure n/t

[Art_from_Ark]

66. I realize that

But it's still a meaningless figure for predicting market behavior or as a standard for determining whether it's a bubble or not.

Personally, I'm rather uncomfortable with the recent surge. But a very large proportion of it is due to Asian buying. The big question is, how long will Asian buyers continue to support these price levels?

[dixiegrrrrl]

53. Very good and thought provoking comments, I really appreciate all points of view.

Thanks all of you who took time to think about this issue.

:hi: :hi: :hi:

[golfguru]

58. You are the brainy one!

Always read your posts.

[dixiegrrrrl]

61. awwwwwwww...shucky dern..........

:blush:

[AbortiononDemand]

63. I didnt laugh

I wanted to get in-buying gold futures was well gold! But didn't have the funds. The stock guys always laugh but that's cause they want you to buy stocks not gold.

Even now it looks like a good investment.

[abelenkpe]

65. 1909

inching closer to 2000...

[OllieLotte]

68. Way overdue for a correction. Wouldn't you agree?

I still like gold, but it may fall a bit. Care to floor?

[Art_from_Ark]

69. It went up too far too fast

The question is, who was selling, and what were they selling (paper or physical)?

Asian markets lost a bit today on top of yesterday's crash, so gold probably has not hit bottom yet.
Bernanke's announcement from Jackson Hole scheduled for Friday might have a big effect on the short-term direction of the gold price.

[dixiegrrrrl]

72. We need to have a Jackson Hole thread Friday, don'tcha think?

[Art_from_Ark]

75. Absolutely

On a side note, this morning in the Asian markets (where it's already Friday), gold is now about $60 above yesterday's low.

[Po_d Mainiac]

77. IB claims another margin increase coming

from at least one exchange.

As expected, lots of volitility from today's options expirations, and the all to familiar note from the CME. Whatever comes outa Jackson's Hole by way of the chairsatan's pie hole, will likely lead to more humps and valleys....

What kinda verbal excrement can we expect from the Princeton puke? Lots of "transitory, low inflation, and that said." I'd like to think a :FRSP: will be contructed in front of The Marriner Eccles house of pain, awaiting his return. :grr:

[Art_from_Ark]

81. So what happened in Jackson Hole?

From what I can gather, Bernanke might as well have just told everyone to "Buy gold!"

[golfguru]

83. This chart says it all.........