Headed To The Airport

69
Mon, Jul 25, 2011 - 8:42am

Just a quick note as I'm headed to the airport.

Don't get too excited or depressed by price action today and this week. Every rumor will be met with a wave of selling, like we just saw about 10 minutes ago. Gold looks to catch a bid when it falls back near last week's high of 1610. Silver seems to stabilize in the 40.20-40.40 area.

Remember, deal or no deal, the debt ceiling is going UP. This means at least another $2T in debt...another $2T that will primarily come from QE. Gold is going much higher. My current target is $1800 by Halloween. Take advantage of dips.

More after the close. TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  69 Comments

beinki
Jul 25, 2011 - 9:33am
Shill
Jul 25, 2011 - 9:57am
LaMachinna
Jul 25, 2011 - 9:58am

you always know when...

things are tense in the markets. The talking heads at CNBS chatter incessantly Like we can't figure it out for ourselves.....

SilverTree
Jul 25, 2011 - 10:02am
Cleburne61
Jul 25, 2011 - 10:05am

Fly safely sir

Fly safely sir. 1800 by trick or treat time will put a serious dent in the bankster's funds.

Btw, to those who didn't get to see it, I'll post it once more. Please pass this along to your friends who "don't see the big deal" about our fiscal problem. I made it with them in mind, as well as us. And please, if you've watched it before, don't hat tip me. It's not about hat tips, it's about getting the word out. Good luck out there this week guys!

The Life of a Silver Hitman
Shill
Jul 25, 2011 - 10:13am

Broke

BROKE: 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind

1 Only 58 percent of Americans have a job right now

5 - Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975

6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007

7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States

10 Almost 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment

Shill
Jul 25, 2011 - 10:26am

Kimberly Clark

Kimberly Clark has announced higher prices for toilet paper.
Higher prices for diapers delayed...but on the way.

LIVE COVERAGE: Obama Shoots Down Reid-Boehner Debt Deal

https://www.businessinsider.com/live-coverage-eight-days-to-default-2011-7
SilverTree
Jul 25, 2011 - 10:29am
SilverTree
Jul 25, 2011 - 10:45am
proformatrillionaire
Jul 25, 2011 - 11:02am

Miners

I see that the EE has resorted to pounding the miners. I am guessing that the monkeys were not getting anywhere with spot gold & silver.

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