What a day!
posted on
Sep 17, 2008 12:56PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
This is the biggest spike in gold yet....Probably based on AIG news – buy out of 85% (nationalization) of AIG by US government. Gold and silver explode because suddenly the penny drops that this is a systemic risk reaction on the part of the FED. There is a whole lot of other news ,,,,out there that is all bad,,,,but this is the biggy, and I am just now working my way thru all the implode event news that has come down the tube. Also don’t forget that gold and silver did not react (capped) during the September 15th news of Lehman’s or Merrill demise. These events are collectively called a black swan or left field event!!!! I definitely think they qualify…..Expect more of this involving BIG hits to Index funds, hedge funds, more investment banks (US or,…) that continue to up the anti for counterparty risk. Each time these disasters insult the financial system, there are HUGE paper losses and share holder net worth damage that is going to lean heavily both on the USDollar and the equities markets. Also the IMF (International Monetary Fund) makes a statement about financial crisis,,,but warns not to panic…..Well,,,that’s bankster speak for the “shit is hitting the fan”! All those TA pundit statements about gold correcting down,,,,and the USD going to 82 on the FOREX is now a moot point…..THIS IS IT! The dollar will very likely now stop its artificial rally and continue its rush to the bottom,,,,and now we know why the financial system banksters and Federal Reserve has attacked commodities and especially gold and silver so vehemently this month!!!!! The largest intervention in the markets in history is now given its motive! We have ALL had ample warning that this was going to happen and now,….. End game time,,,,,. And:
THIS IS WHAT PAPER LOOKS LIKE BURNING!!!!!
And this is only the third inning of this fall…Fall? The fall of Empire. This is what Sinclair and a host of others have been predicting since the end of July in 2007. The LTCM crisis of ’98 involved only $5.5 Billion. We have 600 times that level of damage already,,,and that older historical event was considered a risk to the US financial system - and the end of these fiascos is not even in sight!
From this point on the rest of the population starts its own learning curve