Taking The Day Off

Like John's last words to Yoko: "You're on your Ono". 

Open thread.

216 Comments

Tecumseh's picture

#1

#1?

Vincent's picture

Happy Holidays & Merry Christmas!

My very best wishes to you and your families for a wonderful holiday season and healthy, happy and prosperous New Year 2012

Shill's picture

International Business

Bullets Beans Bullion's picture

and why not

Take the day off, this market can get everyone down at times but on a more positive note:

Kyle Bass says COMEX can’t deliver

Shnozberries's picture

I'll take it from here, Turd

This is how I get through tough days.

Double Bogey's picture

Merry Christmas

Please accept with no obligation, implied or implicit my best wishes for an environmentally conscious, socially responsible, low stress, non-addictive, gender neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion or secular practices of your choice, with respect for the religious/secular persuasions and/or traditions of others, or their choice not to practice religious or secular traditions at all;”PLUS “a fiscally successful, personally fulfilling, and medically uncomplicated recognition of the onset of the generally accepted calendar year, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great, (not to imply that America is necessarily greater than any other country or is the only “AMERICA” in the western hemisphere), and without regard to the race, creed, color, age, physical ability, religious faith, choice of computer platform, or sexual orientation of the wisher.” (Disclaimer: By accepting this greeting, you are accepting these terms. This greeting is subject to clarification or withdrawal. It is freely transferable with no alteration to the original greeting. It implies no promise by the wisher to actually implement any of the wishes for her/himself or others, and is void where prohibited by law, and is revocable at the sole discretion of the wisher. This wish is warranted to perform as expected within the usual application of good tidings for a period of one year, or until the issuance of a subsequent holiday greeting, whichever comes first, and warranty is limited to replacement of this wish or issuance of a new wish at the sole discretion of the wisher who assumes no responsibility for any unintended emotional stress these greetings may bring to those not caught up in the holiday spirit.)

 

Beentheredonethat's picture

No what do I do know

Better go buy some more silver while I still can. Keep stacking

Be Prepared's picture

The Christmas Market

star-6web.gif

Christmas Market
by
Mike Harding

star-6web.gif

Tall, White-haired in her widows black
My Nana took me, balaclavad from the cold,
To where stalls shimmered in a splash of gold,
Buttery light from wind-twitched lamps and all
The Christmas hoards, were heaped above my eyes,
A shrill cascade of tinsel set to fall
In a sea of shivering colours on the frosty
Foot packed earth. I smelt the roasted nuts,
drank syrupy sarsaparilla in thick glasses far
Too hot to hold and chewed a liquorice root
That turned into a soggy yellow brush. The man
Who wound the barrel organ let me turn
The handle and I jangled out a tune -
And 'Lily of Laguna' spangled out into the still night air
And would go on spinning through the turning years.

Then we walked home, I clutching a bright tin car
With half men painted on the windows, chewed a sweet
And held her hand as she warmed mine,
One glove lost turning the chattering music.
And I looked up at the circus of the stars
That spread across the city and our street
Coated now with a Christmas cake layer of frost
And nobody under the stars I thought
Was half of a half as happy as me. 
 

PaullyMoore's picture

Sickening

Market manipulation this morning in the metals might be the most blatant I've ever seen.  They refuse to let metals rise when the Dow is red to trick algos into thinking gold is a risk-on trade.  As Rickards noted, EUR/USD must stay below 1.3 or no QE3 for the banks.

beach_bum's picture

Thought Experiment

Been enjoying Cognitive Dissonance's piece over on ZeroHedge titled "The Golden End Game – A Thought Experiment" where he asks a question I have been pondering myself, as have many here, namely, "Do we really honest-to-God no-fingers-crossed cherry-on-top believe that the powers-that-be will simply allow us to mosey up to the cashiers cage and redeem or convert it all for whatever monetary unit reigns supreme?"

more from his piece:

"What I don’t get is the idea that if Gold has been considered ‘contrary’ or ‘dangerous’ to the unfettered debasement of fiat in the past and present, thus the reason for the manipulation, then why would this suppression and resistance to the ‘Golden enemy’ by the powers-that-be suddenly disappear precisely when the powers (or more accurately their agents and puppets) are desperate and have the most to lose? It is clear to me, and judging by the comments clear to many others here on Zero Hedge, that these guys and gals play for keeps, consistently pushing nearly all their chips to the center of the table in an endless game of bluff and intimidation.

More important to me, at least for the purposes of this essay, is that those lovable sociopaths would rather burn to the ground than play to lose or walk away. This, by the way, is precisely why they rarely lose. They play for keeps and they’ve been doing so for thousands of years. They not only have the power, but they know how to use the power they have. Meaning they are ruthless cutthroat bastards who see you and me as cattle to be consumed or beasts of burden to be used. And I’m being kind for the sake of the weak stomachs among us.

As best as I can tell the general assumption is that when the partial or total collapse comes (not if because we are talking worst case scenario here) the failed powers that be, perhaps inspired by some public hangings and decapitations, will pack up their lawn chairs and vacate the levers of power, allowing more responsible adults and even some advanced children to take over and save the day. Or at the very least, the expectation is that the new kids on the block will clean up the mess left behind by those traitorous bastards and that they will do so in a reasonably fair, open and egalitarian manner. Let me take a moment to collect my thoughts before rendering my opinion on this matter.

I DON’T THINK SO!"

full article:

http://www.zerohedge.com/contributed/golden-end-game-–-thought-experiment

Deshman's picture

Prolly a good day to....

FEED THE TURD!

Deshman's picture

double posted :(

[ignore]

OrangeAlert's picture

After reading this....

Colonel-Angus's picture

A look at Jan. BAC options

Check out open interest numbers and price difference puts to calls, cheap bet that the PTB will prop this lipstick porker up.

http://finance.yahoo.com/q/op?s=BAC&m=2012-01

Be Prepared's picture

Holiday Realism!

Edward G's picture

Grrrrr

Silverdoctors reporting that CME has given JPM (ho ho ho, they don't have a short position, pmsl !) a waiver on position limits through may 2012 (link posted just above ^).....

$%^&**(*%%@$^*      sorry for swearing but I haven't read what the excuse is....this is criminal as I see it

My wish to Santa for 2012 is to see Jamie and Blythe in orange jumpsuits

But to my dear turdren, a very very happy holiday  xxxx

Mickey's picture

so let me get this right

early this morning the ECB does huge QE lending money to the banks in europe--when it's announced, gold--which rallied to 1642 sold off to current 1613 (actually was 1606).

makes perfect sense to me in this upside down world--debased currencies all over the place. The only currency that cannot be debased is struggling.

At least its staying over 1600 (we prob should be buying with both hands down here)

Strongsidejedi's picture

ECB pumps 600 billion and guess what

Gold goes down from 1640+ to 1605+ again.

Gee...did someone go short the paper market?

TheSilverJournal.com's picture

What do you own?

If you can't hold it, you don't own it.

TheSilverJournal.com

AlienEyes's picture

Enjoy your day off!

You deserve it so enjoy! smiley

Strongsidejedi's picture

National Association of Realtors lied by 15% in homes sold

http://www.realtor.org/press_room/news_releases/2011/12/ehs_nov

NAR this morning admitted to errors in their home sales reporting for the past five years.

Did anyone on this board think differently?

Look at how they phrase and bury this info half down their press statement.

"Also released today are benchmark revisions3 to historic existing-home sales. The 2010 benchmark shows there were 4,190,000 existing-home sales last year, a 14.6 percent revision from the previously projected 4,908,000 sales. For the total period of 2007 through 2010, sales and inventory were downwardly revised by 14.3 percent. The revisions are expected to have a minor impact on future revisions to Gross Domestic Product."

"revisions"???

I'd say deliberate fraud, lies, and digital red tape.

This "minor impact" on GDP has a huge impact on Mortgage Backed Securities.

Gee, where is Moodys, Fitch, and S&P on the "credit" of NAR?

Q...'s picture

Social Engineering / Silent Warfare

''Economic engineers achieve the same result in studying the behavior of the economy and the consumer public by carefully selecting a staple commodity such as beef, coffee, gasoline, or sugar, and then causing a sudden change or shock in its price or availability, thus kicking everybody's budget and buying habits out of shape.
.
They then observe the shock waves which result by monitoring the changes in advertising, prices, and sales of that and other commodities.
.
The objective of such studies is to acquire the know-how to set the public economy into a predictable state of motion or change, even a controlled self-destructive state of motion which will convince the public that certain "expert" people should take control of the money system and reestablish security (rather than liberty and justice) for all. When the subject citizens are rendered unable to control their financial affairs, they, of course, become totally enslaved, a source of cheap labor.
.
Not only the prices of commodities, but also the availability of labor can be used as the means of shock testing. Labor strikes deliver excellent tests shocks to an economy, especially in the critical service areas of trucking (transportation), communication, public utilities (energy, water, garbage collection), etc.
.
By shock testing, it is found that there is a direct relationship between the availability of money flowing in an economy and the real psychological outlook and response of masses of people dependent upon that availability.
.
For example, there is a measurable quantitative relationship between the price of gasoline and the probability that a person would experience a headache, feel a need to watch a violent movie, smoke a cigarette, or go to a tavern for a mug of beer.
.
It is most interesting that, by observing and measuring the economic models by which the public tries to run from their problems and escape from reality, and by applying the mathematical theory of Operations Research, it is possible to program computers to predict the most probable combination of created events (shocks) which will bring about a complete control and subjugation of the public through a subversion of the public economy (by shaking the plum tree).''

.

excerpt from:

http://www.lawfulpath.com/ref/sw4qw/#seventeen

.

Teach's picture

Thinking of prepping...

Seeing as how it is an open thread, thought I would inventory roughly what is in the cellar for 2012...I feel it will be a year few will forget...

150  jars of pickled beets, relish, jam etc. from the garden

seeds for next year

case of rum, 5 gallons raspberry wine, assorted booze leftovers

three 40 lb bags of rice

two very large plastic totes full of canned goods and pasta

a dozen bottles of assorted hot sauce

2x 5 gallon jerry cans full of gas

Sleeping bags, camping gear and cold weather gear

6 tins camp fuel & 2 full propane bottles

solar lights

300 tea candles

6 rolls tinfoil

big first aid kit

freezer with a mule deer cut and wrapped

cz sp01 & 2500 rounds, Ruger mark III and 2500 rounds, cz858 and 3000 rounds,  Browning 12 gauge and 250 rounds

Still need more bum wipe, a couple of good tow straps, and a pump for getting fuel out of underground tanks.  Don't have a water filter, but know how to make one.  Most of this stuff is stock on hand that would be there even if I did not believe that the "game" is going to get very tough soon..but I do believe it.  I figure we could make it through a winter / 6 months without too much problem.  Most important item for prepping in my mind is to have a plan and some similarly minded friends.  Where I am from most of us are one generation of the farm.  In a worst case scenario, we circle the wagons at one off the farms and bunker up.  Anyhow...just thinking on e-paper.  Comments welcome.

Merry Christmas to all Turdlings!  All the best to you and the people you love.  Turd and moderators:  a special Feliz Navidad to you and yours, and many thanks.

kliguy38's picture

Just Remember

how this game is played... The paper trade is being pushed down while the bullion is being accumulated.... in the long run this will reverse in a dramatic move....... You will see it in the miners too and it will be marked with volume very likely during a red equities day....... be ready to jump on it.....

kliguy38's picture

Just Remember

how this game is played... The paper trade is being pushed down while the bullion is being accumulated.... in the long run this will reverse in a dramatic move....... You will see it in the miners too and it will be marked with volume very likely during a red equities day....... be ready to jump on it.....

pointer's picture

are you blind in the right eye?

I hate the establishment with a passion...hate is a strong word - and I mean it.  I hate the lies, the fact that non-working people get to vote (for the person who will take from me and give to them), I hate Television, newspapers, magazines and everything that aims to de-moralize our society and make us a nation of arguing imbeciles.  Public education blows, Hollywood brainwashes (even if you know it brainwashes and you still watch the movies, you're being conditioned), almost everyone gets a divorce nowadays, everything going on in the world can be explained in 2 sentences on nightly news - and worst of all, this entire system has convinced people to be Athiests - a trick of Lucifer.  We live in a god-less nation.

The problem with all this is you can't just show someone how stupid and brainwashed they are - they have to want to "fix" themselves.  I know - I was an athiest from junior high to about age 27...and in search of truth - my eyes opened up to the evil that exists in the world.  I knew that if the evil existed, then an opposite had to exist as well - which is Jesus, God, Allah, et al...they're all the same to me - we can all get along...there is no Allah vs. Jesus war in my belief system, heck, I firmly believe the Bible, Quran, Torah have all had parts re-written or removed - that's what my heart tells me - I think of those "labels" as a way to define our Creator - call him/her/it whatever you want.  I don't believe people are bad or want to be - it is learned.

I don't go to church because I think mass congregation is full of idiots who are clueless - and most organizations have been co-opted by the dark side - IMO.

On the other hand - I would not have lived the life I have without the US Dollar being the world reserve currency - trading paper for physical goods all my life.  What a trade off!  Seriously.  The douche bags in power are effing SMART - I sometimes admire it, but in the end I want to destroy them all.

This video is a great interpretation of true faith and seeing with your heart - not just your eyes.  For example: When I look at someone who only buys designer labels wants people to see them as wealthy, sophisticated, etc on the outside, with your eyeballs...but when looking at the same person with the heart, I see emptiness and superficiality...that's the best way I can describe it - watch this and listen to the end...

StevenBHorse's picture

Rehypothecation from Dave in Denver

He posted this chart yesterday.

euro.png

I wanted to take this further back, to before the beginning of the new Currency Wars that started in March 2009 with the onset of QE1.

I will let you draw your own conclusions.  

maravich44's picture

@OrangeAlert.

kinda makes me wonder how much "PAGE" has to due with this extension and dating. Any thoughts?/.

Mickey's picture

let's not forget

as we approach holidays fewer traders around and the black boxes are left to run amuck--prodded if necessary

kind of difficult for mere mortals to trade--which is why we have to be thinking longer term even though its nice to sidestep the bigger selloffs )if only we knew in advance which would be the bigger selloffs)

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