On The Lookout, Part II

touched 26.26, so when/if it breaks this, what are your next levels?

Thank you

So far I have yet to put anyone on IU. I try to keep an open mind and listen to as many ideas as possible, even when they contradict what I happen to believe.

You can mock those who are stacking/prepping, and maybe their timeline on when a crash will happen is off by days/weeks/months/years. Who knows...maybe you're right and no crash will happen at all.

However, to dismiss most of the above as living in bunkers and hoarding tin foil hats is "stupid and uninformed", to paraphrase your words.

For myself I have a range of preps that includes physical PMs and cash outside the system. No tin foil hats.

Some preppers may be too far off the tangent for your liking, but they're doing what seems right to them. At least show some respect.

You, OTOH feel more comfortable holding cash - and that too is your right. However, if the warning signs continue to move in the direction they are there could well be one morning we all wake up to a sudden paradigm shift....perhaps including an inability to access cash i.e. what's happening with Nat West right now. In that event the opportunity to shift into something else will be gone. You'll spend days/weeks waiting in lines at ATMs and banks, with millions of others, and opportunities to buy phyz at the LCS will be gone or, if available at all, be priced in the stratosphere.

Top that off with governments suddenly trying to deal with the crisis with capital controls and/or bank holidays and/or the intro of new currency to replace the old which is suddenly worthless. 

At that point you might reassess your situation regarding the wisdom of holding cash but find it's too late to make the shift into something else.

In other words your faith in cash means that you will miss the chance to shift into phyz PM if and when a big move comes. 

For preppers and stackers - if they are wrong about the collapse - they can at least sell their phyz back for your precious cash and likely come out with more cash than they purchased it with.

All in all I think their positions are far more prudent than yours.

Incidentally I only hold enough cash outside the system for shorter term needs. In the event of a Nat West type event I don't want to be wasting time in lines listening to calming words that the system glitch will be corrected shortly.

I say the above NOT because I have any prophetic vision about what is to come, but out of a sense of history - this is the path that debased currencies have always traveled.

@unthought known, not even close to a bottom yet. Have you seen any upside movement or any desire? 

With this ruling, however, everybody (if they aren't already!!) had better be prepping like crazy. Stack it up. This should leave NO doubt in your mind as to where we are heading.

is like buying car insurance that covers gas, oil, tires, etc., and having to buy it from GM or Exxon-Mobil.  It is not insurance against catastrophe.  It's the equivalent of paying $5000 to "insure" your car no matter how much you drive it or how bad a driver you are.

thinking that the economy might soon be in desperate need of some benny clownbucks to counteract this monstrosity?

.... the problem, though, is that most of the PACs are funded by corporations utilizing the ruling that they are now people.... that's my problem with this....  Corporations should not be viewed as People, because they are merely legal constructs.  They are abusing the system to drown out the true voice of The People.  Like everything, there are examples that can be made for either side of the issue.  The driver is that Corporations are able to leverage their vast sums of money leaving little to no room for doing what may be right for the many and to their detriment.....

Cows on a dairy farm don't pay for or control their healthcare  They get what the farmer decides they get based on his best interest.  Why should tax-cows on the tax farm expect any different?

It wasn't that many years ago when a $0.10 move in silver IN A DAY was considered HUGE.

Today it happens in less time than it takes to refill my coffee.

All we can do is sit back and watch yet again as the PM prices get dialed down. And up. And down. And up. Again, and again, and again.

And somewhere in the bowels of Wall Street (or should I say the bowel that is Wall Street) there are traders making another killing, while the rest of us wait and wonder how much longer these *ssholes can keep this crap going.

In protest I would boycott anything made by Wall Street, if they actually made anything.

penalty for no insurance, in $, via the income tax system. (according to fox news live broadcast)

2014*285

2015*975

2016*1875

It looks like we will have to relocate our time traveling flux capacitor factory to Mexico or South America.  If we slowly lay off the American workers and build a new factory by next year, we will avoid the new TAX and our stock will rocket higher.  The key to the market for manufacturing now will be to diversify (that means move asap).   

Each time it hit's this level so Turd's prediction looking correct so far. I thought we might get one more squeeze to the upside first but oh well. Harvey stated yesterday that;

"I think we will lose around 5,000 contracts each for the next two days which may leave us with around 6,000 contracts standing or 30 million oz.  That may be very difficult for our bankers to handle."

Ha ha. "Falling into a pile of sh*t and coming out...smelling like a bouquet of roses".  Smartest president ever  /s

So what happens to the thousands of "Obamacare" waivers issued by this administration? Are these people/organizations in danger of "tax evasion"?

This metals smackdown is  clearly a reaction to Snoop  Dogg getting busted.