It's Friday and The Turd is ready for a few days of downtime. First, however, we've got to get through this day.
And it promises to be a wild one. First of all, check this out from ZH. It wasn't too long ago that the USDJPY was supposed to hold 82. Then it was 80. Surely it wouldn't break 78, they said. Now it's broken 76. The Turd is way too undercapitalized mentally to tell you wtf this all means but here's the link anyway:
Also from ZH, a terrific piece regarding gold and the money supply (with lots of pretty charts!). This one is a must read:
Linked in that article is a piece from the Motley Fool. I don't usually read the Motley Fool because I think the place is populated with DeltaBravos. In this case, one of them seems to finally have come to his senses:
Lastly, Eric King's "Deep Throat" has once again checked in from London. I saw this mentioned a few times in the comments of the previous thread so I thought I'd link to it here:
I'm continuing to receive emails from around the world with anecdotal evidence of physical shortages, particularly in silver. Keep stacking...if you can find it.
Lastly, here are two updated 4-hour charts. Note that we are rangebound, until further notice. Not that that's a bad thing, mind you. Once the metals break out...in either direction...the move will be clear to see for all paying attention.
Again, if you want to keep discussing the previous thread, please utilize the comments section of that thread. This current post is a precious metals post. Please comment accordingly. TF