The Cremation of 2013

165
Mon, Dec 30, 2013 - 1:15pm

* With sincere apologies to Mr. Robert Service

There were strange things done by fluorescent sun

By the Federal Reserve of old

From Treasury pops to secret swaps

That would make your blood run cold

The Wall Street nights have seen strange sights

But the strangest ever, I’m told

Was that year, oh so mean, known as twenty thirteen

When they crushed the price of gold.

.

Now their program of easing had started a’wheezing

It was growing stale and weak

And they needed QE to infinity since

The economy was bleak

But they knew without doubt if they started to shout

“We’re full-on monetizing!”

They’d see interest explode and the US debt load

Would foil all their devising.

.

But the chairman stayed cool, he was nobody’s fool

So he didn’t shout or holler

He knew that if he could make gold sell-off

It would hide the foundering dollar

So he issued his orders to sell across borders

And the bullion banks complied

And they sold. And they sold. Paper mountains of gold

And the market recoiled at the tide.

.

But at some point that paper, despite rumors of taper,

Was a promise to deliver the metal

And the Chinese could see opportunity

And they bought those contracts to settle

Yes, the lower it got the more strongly they bought

For to ship it to the Swiss

To be quietly cast into kilogram bars

Before people noticed something amiss.

.

Meanwhile, as price was jolting down,

The banks called up the Fed.

“She canna’ take much more of this, Chairman!

When our gold is gone, we’re dead!”

The Chairman, nonplussed, assured “What’s the fuss?

You can raid the GLD.

Plus we’ll sell from OUR vault to avoid a default

But to manage perception is key!”

.

The banks weren’t assured. They proclaimed “That’s absurd!

Folks will know all those tons came from you!”

But the Chairman’s reply, with a wink of his eye,

Would mollify all but a few:

“We’ve the press on our side, and not to be snide,

But they’ll write whatever we tell them.

Just peddle some tale about the end of the bull

And if people have metals, to sell them.”

.

So gold and silver sold off, and the analysts scoffed:

Falling prices prove dying demand.

But all the while certain buyers just smiled

And that metal was bought with both hands.

.

At the end of the year Fed success was clear

With the metals near multi-year lows

And there were no audits, and the Chairman got plaudits

For his “brilliant” tapering pose.

As prepared to retire, the Chairman

Was feted and praised for stock’s gains

And the bankers got paid, politicians got laid,

Life was good in the land of Keynes.

.

But something was brewing, far over the seas

Dark rumors of debts to be paid

Of currency changes and metals exchanges

And the gold-backed settling of trade

Of six thousand tons imported to China

Or is ten a bit closer-on?

With some privately thinking “The dollar is stinking,

I wonder how it stacks with the Yuan?”

.

T’was the final day of the Chairman’s reign

His great retirement bash

And every financial tycoon would be there

To toast him (and his free cash)

But the Chairman just couldn’t shake the feeling

Of something weighing on his mind

So impetuously, he’d chosen, before it was frozen

To use his clearance one last time.

.

He phoned, scratched his beard, then the copter appeared

And whisked him to the gates

He showed his ID for the guards to see

And they shuttled him past the grates.

“Wait here” he said to the watchman inside

“I’d rather go on alone”

And he stepped cautiously, while he fished for the key,

‘Cross the slate-gray quarried stone

And with naught but a lantern, he swung wide the door

And the stale air blew past his face

And he willed his hand to raise the light

For to gaze on his private disgrace.

.

The vault was old. It was empty and cold

As bleak as the march of Sherman’s.

There were just a measly 200 tons left

And he owed that to the Germans.

The chairman shivered. It had all been delivered

To settle accounts and the score

And he searched in the quiet and could not deny it

The once great hoard was no more.

.

And to his surprise, he felt starting to rise

A sense of deep dread like a squall

And he thought, in confusion, “Wasn’t this Keynes conclusion?

That this shouldn’t matter at all?”

In the darkness he shouted at his partners in crime

“What of you, Mr. Greenspan? Or Burns?

What of you, Chairman Eccles? Or you, Chairman Miller?

At dis-hoarding, we ALL took our turns!”

But his voice merely echoed through the cavernous vaults

And it sounded a lot like a tomb.

Then the Chairman did see what his legacy would be…

And he quietly left the room.

.

There were strange things done by fluorescent sun

By the Federal Reserve of old

From Treasury pops to secret swaps

That would make your blood run cold

The Wall Street nights have seen strange sights

But the strangest ever, I’m told

Was that year, oh so mean, known as twenty thirteen

When the last of the wealth was sold.

About the Author

  165 Comments

pforth
Dec 31, 2013 - 10:26am

What just happened?

Was that a, "we know the PMI is going to be bad, so let's hit the PM's ahead of it to keep them from breaking to new levels"? Or is the Chicago PMI number important enough to explain this? Something else happening behind the scenes?

¤
Dec 31, 2013 - 10:31am

"Gold makes people do wild things"

The Fall of Gold

By Nicholas Larkin | Updated Dec. 31, 2013

Gold makes people do wild things.

Ancient Egyptians melted it to decorate their dead. Sir Walter Raleigh searched for a lost golden city. Shiny flakes of it set off a 19th-century rush to California and ship captains never stop looking for it at the bottom of the sea. Today’s investors are wildly selling it, with 2013 marking the first yearly gold-price drop since 2000. After jumping sevenfold during a 12-year bull market — a run matched by only a handful of assets, including U.S. Treasuries and stamps — it’s wallowing near a three-year low, down about a third from its peak. Only silver and corn performed worse among commodities in 2013.

The Situation

Source: Spot gold price, data compiled by Bloomberg

Gold’s time-honored appeal as a haven from financial storms sent it to a record of $1,921.15 an ounce in 2011. Investors sought safety from the threat of faster inflation and weaker currencies as governments printed money to stimulate flagging economies. As growth signs returned, equities rallied and the metal began to tumble. Gold’s rout hurt holders such as billionaire John Paulson, producers likeBarrick Gold Corp. and the biggest owners, central banks. Investors sold as much from physically-backed gold exchange-traded productsin 2013 as they bought in the previous three years combined.

The Background

Discarded as a monetary system when the dollar’s peg to goldended in the 1970s, it spiked to $850 in 1980. Prices slumped in the following two decades, spurring central banks around the world to shrink their reserves. When the financial crisis sent the metal higher in 2008, central banks started buying again. Investors flocked to gold-backed ETPs after the first one listed in 2003. Long-term bulls trusted an asset that governments can’t produce at will. Similar arguments are cited for the recent surge in popularity of Bitcoin, a virtual currency with limits on supply.

The Argument

Is the latest fall of gold just another market cycle or a change in human appetites? Gold bears say the reasons for owning it are fading because inflation failed to quicken and economies and the dollar are strengthening. The U.S. Federal Reserve has started shrinking the bond-buying program it enacted to stimulate the economy, meaning it is confident the U.S. expansion will accelerate. Warren Buffett, the world’s most successful investor, has famously expressed his disdain for investing in gold. Bulls say consumer price gains are always possible and miners could produce less because output costs are rising. Falling prices may spur more demand from Asian nations as they get richer, as farmers keep gold for dowries and there are fewer alternatives there than in the west to store wealth.

The Reference Shelf
Mickey
Dec 31, 2013 - 10:37am

Pining

I really like the "dead money" " real money" comment

tyberious
Dec 31, 2013 - 10:44am

Market Crash In the Works: “A

Market Crash In the Works: “A Canary May Have Just Keeled Over”

Chart by McClellan Financial Publications via Modern Survival Blog

shtfplan.com / Mac Slavo / December 30th, 2013

As holiday shoppers raided Black Friday sales and internet retailers ahead of Christmas, the establishment media heralded a new era of economic boom for the 2013 shopping season.

But things are not at all as they may seem if all you do is follow official government statistics and propagandized mainstream news report.

In the week leading up to Christmas, for example, retail analysis firm ShopperTalk advised that brick & mortar retail traffic was down over 20% this year.

…In-store retail sales decreased by 3.1 percent from the same week last year. Retail brick-and-mortar shopper traffic decreased by 21.2 percent compared to the same time period in 2012.

Some would argue that much of this foot traffic jumped to the internet to make their holiday purchases, but according to the National Retail Federation sales online were only slated to rise 3.9% this year, which is nothing to write home about considering annual retail sales for the last 10 years rose an average of 3.3%.

Consumers, it seems, are starting to feel the pinch of widespread job losses, wage reductions, cuts to government assistance and termination of unemployment benefits for millions.

READ MORE

tyberious
Dec 31, 2013 - 10:51am

From Bix

There is no doubt about it after today's COMEX SILVER SLAM below $19/oz... THE SILVER RIGGING GAME IS OVER IN 2014! Probably very early in 2014 too. Treasury Secretary Jack Lew was given permission by the Good Guys to rig gold and silver prices throughout 2013 but now that year is over. 2014 is the YEAR OF SILVER so load up today! If you don't have a local dealer to buy physical silver from call my friends over at Miles Franklin (800) 822-8080. I like Silver American Eagles and pre-1965 coinage because I live in the US but at this point any physical silver will do just fine. You have been given a very valuable gift...a chance to jump into physical silver RIGHT BEFORE the manipulation ends! If you think Bitcoin's historic rise in price from under $20 to $800 in 2014 was amazing JUST WAIT UNTIL YOU SEE WHAT SILVER DOES IN 2014!! EVERYTHING IS READY...ARE YOU?! Melt the Witch 2014 https://www.roadtoroota.com/public/136.cfm May the Road you choose be the Right Road. Bix Weir www.RoadtoRoota.com

tyberious
Dec 31, 2013 - 10:53am

Soft Killing The American

Soft Killing The American People Using Toxic Food, Toxic Water And Toxic Vaccines

endoftheamericandream.com / By Michael Snyder / December 30th, 2013

Have you noticed that there has been an absolute explosion in the number of people developing chronic illnesses, heart disease, diabetes and cancer? If you are like most Americans, you probably have quite a few family members and friends that are seriously ill right now. Sadly, most Americans have absolutely no idea why this is happening. Most of them just assume that all of this sickness is just “normal”. But that is not the case at all. The truth is that we are slowlykilling ourselves by what we eat, by what we drink and by what we allow to be injected into our bodies. The vast majority of people out there have never even heard about the dangers posed by aspartame, fluoride, genetically-modified food, pesticides, high fructose corn syrup, pharmaceutical drugs, cell phones and toxic vaccines. Most of them have no idea that our food is toxic, our water is toxic and our vaccines are toxic. Right now, it is estimated that approximately 70,000 chemicals are being used for commercial purposes, and as a result of our “modern lifestyles” we are literally being endlessly bombarded with toxins. This has resulted in a massive tsunami of death, disease and chronic illness in America. But very few people actually understand what is being done to all of us. The following are just a few of the ways that the “soft killing” of the American people is taking place…

Toxic Food

Do you believe that “you are what you eat”?

Well, have you ever considered what the animals that you eat are being fed?

If you are like most Americans, you will probably eat beef several times this week. But most Americans have no idea that our cows are being fed sawdust, chicken poop, candy, crab guts, limestone and dead cows that have been ground up on a regular basis.

READ MORE

I Run Bartertown
Dec 31, 2013 - 10:55am

Bix

Bix knows his stuff.

Just ask President Ron Paul.

ivars
Dec 31, 2013 - 10:56am

More up to date 1929 today overlay- its eerie similar

This is more up to date ,though murky. It follows 1929 like glued, and think who caused 1929 recession-Great Depression? Was no secret at that time.

NFP comes out January 10th.That could be damaging if "unexpectedly" good-really good I mean, clearly north of 200 000 with Dec and Nov readings also moved up. "Unemployment" <= 6,8%

Finally FOMC Jan 28-29 - "unexpectedly" strong taper. Banker action to stop money supply inflation. But prior strong statistical surprises may predate that as market gets a feel ( and knowledge - insiders) that stronger taper is coming.

Between Jan 10 and Jan 29 collapse in Stocks is guaranteed. Then small reaction rally.

First correction ( it will be called "healthy one" will move DJIA /S&P down 20% , so to about 1500 S&P. Then a small rebound ( it will be called we told You that the USA is on recovery path) , than Black Tuesday - in March , it seems when debt ceiling will not be lifted- or the process of debt negotiations will tell it will not be lifted- that will deliver another 40% blow from S&P 1600 -> about 1000. End of April-Early May. And all from money tightening- banker instrument. A good short BTW.

I have to mention here my March 9th 2013 stock prediction about year end value:

https://www.tfmetalsreport.com/comment/591336#comment-591336

There I wrote year will end ( S&P was 1500 then) between with S&P between 1650 -1950. Average 1800.

Also I identified area where S&P has spike and crash potential from 1900-2000. Hence my long up to 1895. And, I mentioned end of QE3 as potential cause of crash.

This crash will be good for silver. I mean bottom will be in, nothing spectacular in prices , should stay below 25. For gold, not so much, as gold bottom comes in later.

tyberious
Dec 31, 2013 - 11:01am

IRB

I know right! I find his theory entertaining, lol

Human Mushroom
Dec 31, 2013 - 11:07am

Financial Insurance Cost

Seems to me that since gold and silver is insurance for the financial chaos that is approaching, the government is subsidizing everyone's financial insurance premiums. Considering how the government is trying to screw everyone with Obamacare, I find it every nice of them to be reducing the cost of buying financial insurance. Let's face the glaring fact. We all know this financial ponzi scheme will come to a terrible end. We're converting our paper to metals because paper will become worth-less, so at this point in time we're all trying to protect ourselves from this train wreck coming our way. The fact that TPTB have been able to keep the train on the tracks has simply amazed us all. However, just because we're amazed at their ability to keep the fraudulent system together this long does not change the fact that they are giving us all the ability to get financial insurance at cheaper and cheaper rates. The people of the world that have no clue of the failing system either don't want to see the failings taking place, or they're just not wise enough to learn from us that do see the system falling apart. They simply can't be helped. The declining prices of gold and silver is directed at these people, not us. The TPTB want these people to be their slaves. We know better than to be fooled by the lies and fraud which we can plainly see. For us wise people, we should be glad TPTB are offering us the opportunity to buy the protection we will need when the train is lying at the bottom of the ravine. The system hasn't crashed yet, and I'm actually glad, for my sake. I'm not rich enough to just buy all the preps I need in one big lump. I've been buying necessities as I can afford them. So I'm rather pleased the train is still on the tracks. Besides, I still like being able to go to stores and buy things, and still live somewhat of a normal life. I hope for things to get better, but I know they won't, so I prepare for the worst. But I still try to enjoy the appearance of normalcy for as long as possible.

I Run Bartertown
Dec 31, 2013 - 11:08am

tyberious

It is that ;-)

Happy New Year!

ancientmoney
Dec 31, 2013 - 11:21am

Looks like Toby Connor was right after all . . .

He (AKA Ted Savage) said several weeks ago, that over the ensuing next few weeks the TBTF bankers would take silver back down to about $18.50 before allowing it to rise to new highs, so as to make 200% profits instead of only 150% profits. Looks to be about on schedule. I wonder if paper silver will go along for the ride to new highs, if indeed Toby's prediction of new silver highs happens over the next year or so.

murphy Human Mushroom
Dec 31, 2013 - 11:35am

@Human Mush

Nice write up.

The declining prices of gold and silver is directed at these people, not us.

If tptb really wanted to help the masses they would direct them to buy precious metals like China has told its people. Why not? Seems to me they want to level the wealth playing field of all the masses. When there is a currency reset the billions of Asians will find new wealth and the hundreds of millions of the west will find ....... that their paper is worth 30 to 50% of what it's printed on.

Another random thought regarding where the gold is coming from after listening to Callum's podcast with Martenson. Everyone talks about and we accept that 1) they are raiding GLD for metal to be sent east. What about? 2) No one ever talks about where the Libyan gold went to. 3) What was the African country that France had to send troops into to "help" them? Wonder what happened to their gold. 4) What about Iraq's gold? 5) Afghanistan probably didn't have much in a vault but wasn't there talk of big deposits? Could they be mining some?

Not even going to mention the leasing of all the other nations gold that the US holds in their vaults. Musical chairs is great fun until someone gets a chair leg in the eye.

elpicador achmachat
Dec 31, 2013 - 11:43am

Dealers...

Gold.de Bullionbars eu Onlinebullion.co.uk Forallets-shop.de Bullionrock.com

SilverRunNW
Dec 31, 2013 - 11:47am

I believe the volume on the

I believe the volume on the COMEX today, the last day of the year, is telling us something. I don't recall seeing volumes this high. I'll have to go back and check on April 12/15. Sure looks like someone loaded the boat today, pushing the price back above $1,200.

That sure is a beautiful tail!

dgstage
Dec 31, 2013 - 12:35pm
WineGuy
Dec 31, 2013 - 12:37pm

Neat Site ...

Bitcoin, Litecoin, Gold, Silver, Platinum, Palladium, Crude Oil & 10yr

https://ounce.me/

ag1969
Dec 31, 2013 - 1:04pm

The fire is lit...

...in my outdoor fireplace by the lake. The hockey rink is ready. Spending the rest of the day playing hockey, sledding, and riding snowmobiles around the lake with family and friends. Happy New Year Turdville! See you all in 2014.

Edit: oops, did I forget ice fishing? Whoo hoo!

BagOfGold
Dec 31, 2013 - 1:18pm

Pining...

you never cease to amaze me...& your metaphors...are the eyes for the blind man!...You are the best...& I look forward to the day you will have your first book on the bookshelves...as I will be one of the first in line to get it signed!...All of the writers here are so gifted...& we are so fortunate to have them in our corner!...I want to wish everyone here a Happy New Year...& hopefully all of us will see a better future ahead!...Christmas here in Toronto has been hard for many folks...as we had a major ice storm here...& over 500,000 homes were without power...heat or water!...If you do the math...at an average of 2 people per household...more than 1,000,000 people were affected...While some folks spent Christmas in cold sub-zero temperatures in their homes...with family/friends...or in FEMA camps...I mean "warming centres"...other unfortunate disabled or seniors were held captive in theirs homes...unable to walk down 10 or more flights of stairs!...Nobody came to rescue these folks from their frigid prisons for over 2 days...& I'm surprised there weren't a lot of casualties!...However...Mayor Rob Ford finally did step in & he sent shuttle buses out to take the most unfortunate to "warming centres"!...Just google Toronto ice storm...& you will find lots of stories & news!...I firmly believe that your government will not be there to save you in times of disaster...Always be prepared...have a plan in mind to save yourselves or you may die!...

Luckily I was not a casualty & was only without the internet for a few days!...While the ice storm "zipped through" Toronto...mayor Rob Ford had a tight grip on the situation...& now there are only a few hundred homes left to hook back up to the power grid!...You folks have all been such "great sports" for the last year...& like the Snow Queen...in the Hans Christian Anderson story...I have held many of you captive in my pictures with few complaints!...There are evil forces lurking...& I have seen them in the ice!...Such an unusual storm...has me wondering if it was a freak of nature...or something more foreboding?...I swear I saw a UFICT (unidentified flying ice cube tray) in the sky on December 21, 2013...while Peter Sutherland was playing HAARP The Herald Demons Sing...or perhaps it was just a dream?...The "great sports"...frozen in time...will find comfort...in nice tall glasses full of their favourite festive spirits...& may these glasses always be full for 2014 & beyond!...I'm rambling on...& now I must take down the Chrismas decorations...before the darkness falls!...Thanks everyone...for everything you do...Stay strong...& most of all...Happy New Year!!!...



Bag Of Gold

silver66
Dec 31, 2013 - 1:21pm

shopping on new years eve

picked up 7 oz of silver this am. Unfortunately when I went ice fishing at noon, I was showing a buddy and drooped down the hole, oh well. I will look for in the spring

Safe and Prosperous new year to all in Turdville

Silver66

DeaconBenjamin
Dec 31, 2013 - 1:21pm

Cracks Forming In Housing Bubble II But This Time It’s Different

It has been a stunning metamorphosis: The peak of the bubble, the apogee of all the craziness that was maligned and ridiculed, has become, abracadabra, a target for the housing “recovery.” The “healing process” won’t be complete until the prior bubble in home values has been outdone around the country. This is the level of insanity to which the Fed has driven this country.

But these bubble prices – at least that’s what they were called after the prior housing bubble – are slamming into higher mortgage rates. Affordability has collapsed. And even as the current housing bubble continues to inflate, just like the last one, cracks have been appearing for months.

One of them widened today. The National Association of Realtors’ Pending Homes Sales Index – a precursor for actual home sales – rose a scant 0.2% in November. But it “rose” only because October had been conveniently revised down today, giving the debacle a positive spin. Compared to the October index as originally reported, pending home sales in November actually dropped 0.4%.

This wasn’t a one-month fluke. And it confirmed a host of other measures. Pending home sales peaked in June, before the toxic mix of higher mortgage rates and higher prices started wreaking havoc on affordability. Then pending homes sales began to drop. By October, the fourth month in a row of declines, they’d dropped below the level of October last year, putting a damper on what had been a booming market. At the time, NAR chief economist Lawrence Yun blamed “the government shutdown in the first half of last month” that had “sidelined some potential buyers.” A sharp rebound was expected in November. But that didn’t happen. In November, pending homes sales were 1.6% below last year.

“The market is flattening,” the report conceded.

No downturn is allowed at the NAR, whose members make money only if homes change hands, and they make more money if they do so at a higher price. Ever higher volumes and prices are a built-in bias for any NAR forecast. A “flattening” is the worst-case scenario, same as during the last housing bust. So it predicts that existing home sales should remain flat in 2014 (5.1 million units) but then rise in 2015 to 5.3 million, despite higher mortgage rates and presumably higher prices.

https://www.testosteronepit.com/home/2013/12/31/cracks-forming-in-housin...

SilverSurfers
Dec 31, 2013 - 1:50pm

glass 1/2 full

IT KEEPS GOING UP UNTIL IT DOESNT.

12 year run, was remarkable, as an asset class outside of main stream.

Corrections are necessary to recharge the bull.

YOU WANT 44,000$ gold? thank 2013 for giving it to you. :o

Do yourself a favor, pull for day end 11/19 handles. ;) and accumulate like there is no tomorrow, at these prices.

Howard Roark
Dec 31, 2013 - 1:59pm

@achmachat and GoldDog

Well I posted a comment a couple weeks back stating just that: one can´t buy silver in Europe (by online reputable dealers). At one of the biggest is says that "regarding the VAT changes in Germany there won´t be any silver coins sales from 18 of December to 1 of January"

So I guess that I´ll have to go to the jewelers to search some 2hand coins.

@GoldDog - buy through GoldMoney?

Salut and excellent 2014 to all Turdville,

HR

ancientmoney
Dec 31, 2013 - 2:04pm

SRSRocco on silver . . .

"So when the world finally realizes that the new supposed "Shale Energy Revolution" is nothing more than another Ponzi Scheme kept alive by ultra low-interest rates, huge amounts of debt and massive drilling to give the illusion of sustainability.... the over $100 Trillion of PAPER GARBAGE called Global Conventional Assets will implode.

When you add-on top of this the coming collapse of fiat currencies, only a NIT-WIT would pay most of their attention to Technical Analysis Waves or Cycles.

Folks, due to the coming Peak of Global Oil Production, the Business Cycle will be over. The world just doesn't know it yet. The value of gold and silver will explode in the future not because I am a Precious Metal Bug who can only can regurgitate a BULLISH RANT, but because the fundamentals and data say so."

https://www.silverseek.com/article/silver-hit-new-highs-quality-analysis-falls-new-lows-12807

achmachat
Dec 31, 2013 - 2:04pm

Howard Roark

I found one place with the help of Hammer that would still sell me silver Maples, although with exactly 25% premium.

They're in France though. (and are kind enough to ship to my little country for 25€)

brokerk22
Dec 31, 2013 - 2:09pm

SRSrocco's report

Bravo SRSrocco I could not agree more!

murphy
Dec 31, 2013 - 2:20pm

@GoldDog

Don't quote me on this. A few years ago I sort of remember reading something about a private vault in Italy. I want to say it was possibly in or near Vatican City. Maybe you can do some searching there.

Happy and healthy new year to all Turds- short and tall, big and small.

@ BOG- OUTSTANDING!!! I enlarged the image as much as I could but I still believe there was more to see. Kudos to you sweet lady.

ancientmoney
Dec 31, 2013 - 2:22pm

SRSRocco cites Peak World Energy for silver price explosion. . .

but I would also argue something comes our way akin to "peak silver."

The energy issue by itself can be the cause of peak silver, peak gold, peak iron, etc. But, additionally, silver is the next metal most likely to outrun its reserves, according to USGS.

There will always be silver production . . . but the amount of silver gleaned will be a lower and lower amount as higher and higher costs/effort to extract occur.

All this is carefully hidden from view by the money masters who control the markets via their paper shenanigans.

DeaconBenjamin
Dec 31, 2013 - 2:32pm

Home electricity use falling to 2001 levels

NEW YORK - The average amount of electricity consumed in U.S. homes has fallen to levels last seen more than a decade ago, back when the smartest device in people's pockets was a Palm pilot and anyone talking about a tablet was probably an archaeologist or a preacher.

Because of more energy-efficient housing, appliances and gadgets, power usage is on track to decline in 2013 for the third year in a row, to 10,819 kilowatt-hours per household, according to the Energy Information Administration.

That's the lowest level since 2001, when households averaged 10,535 kwh. And the drop has occurred even though our lives are more electrified.

https://www.fayobserver.com/news/business/article_781c8820-aba7-5de5-804...

realitybiter
Dec 31, 2013 - 2:43pm

Beware 13 /13 /13

Just sayin'

I was thinking that if you did have a 13th day in the 13th month, of the 13th year it would be January 13 (extra month) of 2014.

I am sure that this is meaningless BS, but thought I would prognosticate just in case something does happen ginormous.

Interesting how it fits with the '29 model having the market peak on the 14th of Jan in the chart above...

13-13-13

On a more practical note. Amazing how quiet things are here given the obvious reversal day at hand. Never see any ads on TV to buy shiney no mo. No mo comments here. In the last quarter lots of newbies popping up in here to tell us PM stackers what idiots we are (don't need to tell us, we can count)...I dunno....I am thinking something sharp, violent, and redeeming is in the near future....but I said that in the middle of '12, too.....sigh

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Key Economic Events Week of 3/18

3/19 10:00 ET Factory Orders (Jan)
3/20 2:00 ET FOMC Fedlines
3/20 2:30 ET CGP presser
3/21 8:30 ET Philly Fed
3/22 9:45 ET Markit PMIs
3/22 10:00 ET Existing Home Sales
3/22 10:00 ET Wholesale Inventories (Jan)

Key Economic Events Week of 3/11

3/11 8:30 ET Retail Sales (Jan)
3/11 10:00 ET Business Inventories (Dec)
3/12 8:30 ET CPI (Feb)
3/13 8:30 ET Durable Goods (Jan)
3/13 8:30 ET PPI (Feb)
3/14 8:30 ET Import Prices (Feb)
3/14 10:00 ET New Home Sales (Jan)
3/15 8:30 ET Empire State Manu Index
3/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 3/4

3/5 9:45 ET Markit and ISM services PMIs
3/5 10:00 ET New home sales (Dec)
3/6 8:30 ET Trade Balance (Dec)
3/7 8:30 ET Productivity and Unit Labor Costs
3/8 8:30 ET BLSBS
3/8 8:30 ET Housing starts (Jan)

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