Be wary of the wounded player.

T

tolly_67

Well-Known Member
So it is in sport when a wounded player puts in a seasons best performance and shocks everyone.
The u.s. dollar is approaching the lower resistance line and it will take an enormous amount of energy to break lower.
If it does not break lower as commonly expected.....a strong rally will be inevitable.
This surge in gold price will come to a rapid end as the current inverse relationship to the dollar still exists. Last night confirmed this once more.
Worst scenario for gold will be if the u.s. dollar to zero gang finally succumb to the reality that it isn't going to happen when they think it should......then look out below.
Gold is not the driver.....it is the passenger at the moment so it would be prudent to observe the dollar before making any big decisions.
 
Mmmm, I tend to agree Ronnie. That said, the politicians over there are getting better at their chosen sport, which must be NFL... they're all trying out for the kicker position it seems.

They will continue to find ways of kicking the can down the road for a little while yet I think.

I also think the day will come where the systemic issues and failures will catch up with them - and, as Peter Schiff says many times (rightly), the longer this goes on, the worse the pain will be.

I'm prepared for is as best I can. I wish it would come now rather than later, but whenever it comes, I'll be sitting back eating some popcorn, watching the show.

It will most surely be the "one in a lifetime - show of all shows".
 
Great concept but I say;

not wounded, nor on life support. The $US is a zombie.

Nothing but a headshot is going to stop it doing what it wants to do. It's going to infect all the other currencies. Best bet is to separate the infected before the contagion spreads.
 
if you believe this guy the US is in for a "beautiful deleveraging". would like to see an example of this beautiful deleveraging. everything tells me economies will either tank or inflate. either way not good for the US and the US dollar.

"The key is to avoid printing too much money and causing unacceptably high inflation, the way Germany did during its deleveraging in the 1920s," he says. "If policymakers achieve the right balance, a deleveraging isn't so dramatic. Growth is slow but debt burdens go down. That's a beautiful deleveraging," he continues. "It takes roughly a decade or more for debt burdens to fall and economic activity to get back to normal - hence the term 'lost decade."'

So if you studied his lesson, you can estimate that it will be 2018, or at least 10 years after the crisis, before you can begin to proclaim all clear.
Click to expand...

http://www.smh.com.au/business/worl...e-13b-in-a-30minute-video-20131022-2vy1b.html


[youtube]http://www.youtube.com/watch?v=PHe0bXAIuk0[/youtube]
 
Lindsey Williams of 'get a pencil' fame, whom I consider as likely an accurate commentator as any of the rest of them says:

June 19th through 23rd of 2013 were a test of the markets and what would happen to interest rates if Bernanke hinted at tapering. The interbank 7 day repo rate went from 3.3% to 12.6%. Even the Chinese banks were near collapse. The elite plans to collapse the derivatives market by raising interest rates.
Click to expand...


He goes on:

Lindsey Williams has finally said when his friend in the elite ranks of the oil industry told him the dollar will collapse. He was told Americans must be totally enslaved before they can let the dollar collapse. The three major steps are:

1) The Patriot Act and other acts and laws that restricted our historic freedoms.

2) Americans must be bankrupted and sent into poverty and Debt Slavery. They elite want more people on welfare and Food Stamps. They want pensions to collapse and cities to declare bankruptcy before they crash all economies in the world.

3) Obamacare is not for health care but a control mechanism designed to bankrupt you and to bankrupt all small businesses. You are to be come so poor and so controlled that you cannot resist their final push. You might remember that the Internal Revenue Service will run Obamacare. They will have your medical records. And they can deny you, your parents and your family much needed treatment.

A related note: 50% of all children have a chronic illness or disability. Many of these alleged diseases were unheard of in the early 1950s.

Obamacare has been delayed until January 2015. That is when the worldwide Depression begins according to his elite friend who has never been wrong yet. It is possible that the wealthy might overestimate their ability to control all markets. The dollar and other currencies could collapse before then.
Click to expand...

http://vidrebel.wordpress.com/2013/09/24/video-lindsey-finally-says-when-the-dollar-will-collapse/

So all of this is just as likely as a collection of other scenarios. I think Peter Schiff et al are selling gold. A few others are selling shares or Forex. Jim Sinclair is a gold bug and very informed. He is travelling the US telling everyone who will listen to get out of the system as it is collapsing and only what you hold legally and physically will be yours afterwards (jsmineset.com for anyone interested)

It's all a wild guess. No markets make sense anymore and they're all manipulated without moral hazard.
No-one knows what's going on - maybe Lindsey's 'elite' friend has a clue maybe not.
Working on safety, both financial and physical for you and yours, seems the best solution to all of this speculation.

Check out some 1970's history if you're wondering about possible futures.
 
I never said that u.s. dollar would never succumb to its inevitability................it is the path which many expect that it should follow may not necessarily be the path that it does follow. Like the clarity a dying man encounters, the brief pause in the long decline to the end...........the last bright flash of a dying star....brief but blinding.......
This is the time to be patient and wait....12 months if you have to......but if it happens, it is when it shines its brightest that will mark the time to make the biggest move in gold and silver.....for at this time, gold will be at its darkest moment.
 
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