Still some grinding to the downside for the precious metals
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DAY NEVER STOP !!!!!!!! SEE http://www.economicpolicyjournal.com/2014/03/unnatural-death-13-jp-morgan-bankruptcy.html
Zerohedge has another nail for the US Dollar coffin: http://www.zerohedge.com/news/2014-04-02/whither-petrodollar-russia-iran-announce-20-billion-oil-goods-deal
A few billion here and there may add up to something significant before long.
I think that it already happened Nebraska!
By the way my neighbor is a guy named Larry Donovan who was an All American for the Cornhuskers; his wife of a million years was a Cornhusker sweetheart; and, he went on to coach at some really great places!
Nice guy.
Sorry it took so long to respond. Got busy working yesterday and missed this one. I am actually a transplant from Western South Dakota. Spent a good portion of my life farming/ranching, banking, industial minerals mining/processing, and government compliance. All I can tell you about the Huskers is that when there is a game going…all of Nebraska shuts down until the last buzzer. I often joke that when it is game time you could parade down main street anywhere in the state…in your birthday suit and there wouldn’t be a person, dog, cat, or cow to see the show.
I can believe that cjv from what Larry and his wife have told us.
I would not get too excited yet. The DAILY amount of foreign exchange trading exceeds five trillion dollars and of that US dollars account for more than 85% of all the transactions. That 20 billion represents just a few minutes of forex. Really what the story is about is that Iran continues with its oil for barter system that has been ongoing since 1990. This is just an irritant to the US and nothing more. If anything it suggests some desperation on the part of Russia.
“GOLD is not money. Get over it. There is ABSOLUTELY nothing that is a store of value that is constant – everything fluctuates against everything else. Gold is a hedge against government – PERIOD. Rhetoric is just sophistry – where is the evidence? In a Dark Age, not even gold has value – only food”. — Martin Armstrong
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I am really beginning to like that guy. He gets gold better than most.
I AGREE BUY BUY BUY COOL IS THE WAY !