muses of the moment

September 22, 2011

Let’s not panic about gold

Filed under: Odds 'n ends, Precious metals, The Federal Reserve — totallygroovygirlfriday @ 2:49 pm

Translation of latest Fed (in)action: world is coming at an end, we can’t do anything about it except print money.

Global Market responds with: SELL EVERYTHING not nailed down.

2 Comments »

  1. I don’t think that oil is going to go up much with commodities as the economy is killing the amount of oil that is being used worldwide. Hopefully this will keep prices down for the masses for the next 6mo to a year. My thoughts are that a strong US Dollar (safehaven of flight believe it or not) will continue as people flee the Euro and look for SOMETHING that will protect their investments.

    Loving the fact that silver is down 10% today. I need to buy more … trying to sell stuff … people not buying … even at bargain basement prices.

    Comment by mikemc — September 23, 2011 @ 1:08 pm

  2. Mike,

    Yes, no one has cash to buy anything, no matter how low the price from houses to garage sales. I think we will see more and more of this.

    gg

    Comment by totallygroovygirlfriday — September 26, 2011 @ 5:01 pm


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