Great stuff today. As predicted by some anonymous, silver Nostradamus type, silver was up over 3% today. It is up another 6 cents after hours.
I want you to stop and think about what I am about to say. China hiked interest rates today. Chinese people buy physical gold and silver as an inflation hedge. There are potentially 1.8 BILLION buyers in that country alone. Forget the U.S. We have a bunch of saps watching stupid shit on TV. Only 300 million of us. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/7_KWN_Source_-_Expect_Massive_Chinese_Gold_Buying_Using_GLD.html
Don't think the Chinese government reports the real inflation rate either. In time, the Chinese government may learn how to distort the picture as effectively as we do. Shit, they might just outlaw inflation all together. Execute some guy selling rice cakes.
Bonds and yields are about to go supernova as well. I can't wait to see what form of gimmickry and wizardry the Bernank tries next.
I love to tease people about Apple shares. I got a sobering email this afternoon. What happens if the Supreme Court rules Obamacare is legal? What happens when the government orders us to buy Apple products next? Some goon comes to your house to make sure you have an Ipod, Iphone, Ipad, Imac?
Think about that, smart guy.
Geezus. Never thought about that. Maybe I better beat the rush and get a Chevy Volt now or get priced out.
If you are in the market for a full on suicide watch, read this.