Thank You Mr Bernanke And Operation Twist

I don't know if twist is as accurate as wring, as in wring all the $$$ out of our savings accounts.

The market moves have nothing to do with Twist really - that's just a bond swap by the federal reserve doesn't mean much and probably won't do anything positive or negative to the economy.

Rather, the drop was caused by the Fed stating that economic indicators were significantly weaker than expected. Hence, investors expect the economy to tank so they are selling Gold. That's the REALITY of Gold - if real economic weakness surfaces, investors will dump all of it. Gold is only a play if the world economy is expanding it is a disaster to hold the metal at these levels if the world economy crashed. Back to $300 an ounce... Weeeee... look out below!

Sorry for not getting into all of the exact reasons for the
down turn yesterday and this morning. Yes the initial reasons were
Fed's statement of
"economic indicators were significantly weaker than expected"
Along with people understanding the whole snake eating
it's own tale implications of Bernanke initiating Operation Twist.
That had pretty much burned out about 2:45pm yesterday
and the markets started to recover. Then the rumors of
things rapidly unraveling in Greece or Italy or possibly both
headed things south again.
My initial post was just a Hoorah at the opportunity to head
coin shop and add to the stack (BTFD) and thanking those
people and policies responsible for starting the downward swing.
Be careful out there, these people like to play hard ball
and not let us have a ball mitt

O.K., as you all know, I am most disconnected with the news side of this world as I get most of my world info here in fact, lol. So bring me up to speed please on just what sectors of the market are in serious trouble so to speak over the last 48 hours or so....

Obviously this is just some after shock tremors being felt over on this side of the hemisphere via the mess in Europe....

Two days ago I was happy to load up on some $3.18 per gallon, which was as low as I have seen since early winter. Should I expect sub 3 dollar gas coming soon? Another-words is oil taking a beating as well?

Could this be another 2008, or the unfixed mess then coming full circle?

As we all know, Pm's got pulled down by the strong undercurrent in 2008 when the housing market imploded, are we seeing this again perhaps right now as I type this rant, lol....

Well, it an the G & S can keep on taking a beating, even though I am tapped on fiat right now. I never have any available funds when the buying windows open but at least I have nearly caught up on bills form last month, even though now I need to start saving again for the next....

I do have around 64 grams of gold in 25 pieces, and around 3 grand in vintage collectibles I can sell on ebay to keep from selling any gold, esp with it diving now, as I would not even consider a sell of gold until it hits 2 grand, then I would set on the dollars an wait for another one of these drops to add more gold if I did sell....

Winter is coming and the rest/bar bus dies after the lake season passes. As much as I hate to consider it, I may need to find some other form of a 3rd winter income to stay ahead, esp if I could do it via home/computer....

Well as we all know silver and gold have been on the trampoline, say like fall an catch support at 1775, and 40 and some change, and then climbing back to like 1825 and 41 and some change for some time now repeating that cycle....

Now, we see that support around 1775 and 40 collapse, as we may see sub 1700 gold before the day ends, and 35 an oz. silver, but I doubt that will happen as one would think a swing back when the Asian markets open later as mentioned in another thread....

Oil is getting hammered and gasoline ended up down ten cents per gallon. The oil VIX gained almost nine bucks.