Something much worse than QE3 this way comes?

I've seen early August mentioned as a stock market crash - coinciding with the 1929 crash.
Can anyone else offer thoughts on this one?
Sprott is pretty smart and he's shorting silver could be that he knows something.

 

The day of reckoning will be when The U.S admits it cannot repay it's debts! They've had it too good for toooo long!

 

Julie he maybe right regarding this new QE3 move, but, it will only prolong the inevitable, and that is that U.S paper will eventually = 0.0 within 5-10 years... It's all band aid on broken arm stuff...We here at SS'rs need to prepare NOW!

 

That's where most of the gold is going.

 

Silver wont drastically go up without having a big decline first (like everything else). QE3 or whatever they will call it, wont be used until they need to use it. They wont shoot blindly at shadows, wait until death is at the front door then BOOM.

 

Even though only in the past couple if years it's a good point, thanks. I wonder what the % is.

 

^^^ You may be surprised as to how long it has been going on. Perhaps more than a decade.

To you and I gold prices might seem high. To large buyers who couldn't buy from market because the market couldn't deal with such a large order - the price is quite low.

If you wanted to buy 1000 tonnes of gold, where would you buy it from? Certainly not from the market.

 

40% of that from Gordon Brown, thats for sure ... :lol:

 

Anyone know a date when this thing is announced.....I'm hanging of my chair waiting for this HUUUUUGE injection into the system!

 

Surely property would benefit also if such an injection occurred?

 

I've seen cycles analysis say the start of the crash could be soon.
Wednesday and for a week , the markets look to be extremely volatile
Likely ending down.
.
No one can be exact but things are dangerous.

 

Didn't the ECB just try this? They moved the ECB's deposit rate to zero from 0.25% to try and force banks to lend their reserves. All they did was move it from the deposit facility to the current account which is still zero % but it meant it lowered the operating costs of banks because when their reserves are in the deposit facility they are required to be withdrawn and deposited on a daily basis where in the current account they can leave it there until the banks wants to withdraw it. I don't know whether the American reserve is setup much differently, but I would expect the same thing to happen if they tried this.