Because the word amongst time monks as the weekend closed up was that today, or tomorrow, is turning into the odds-on favorite for a restart of the global financial collapse.This is based on two things, the price of silver (now approaching $50/oz) and
One of the last temporal markers before that event fires off should be the discussion in national media of "bulldozing homes" and sure enough, the last linguistic tumblers have fallen in that lock with discussions, among others, of "Owners protest UDOT bulldozing homes in WVC" and some discussion of tearing down excessive housing on a segment on one of the financial talking-heads channels.Standard caveat applies
So, when silver was up earlier, as much as $3.42 an ounce to $49.85 at KitCo (chart above on the UrbanSurvival.com site), word among time monks was that it's indicative of very high immediacy values that are piling up and further: today and tomorrow is likely to "...cause 'consternation among 'authorities' relative to financial abstractions such as derivatives..."
The financial world doesn't end this week. Nope - gonna stretch out a good while because the next thing along to club you're personal net worth and retirement dreams will be...
"...May 7 through 9 are a trifecta of perfect storms. Would not find it surprising to see the FED cabal in some major announcement desperate to stave off globally affecting default...."
The bad news? Oh, that, according to word among the time monks, will be the partial collapse of government functions that accompanies that kind of financial displacement and follows (as night does day) the costs of the coming 'fed-saves-world' attempt start sinking in.
For those not familiar, this outlook is not financial advice. It's an expectation-set based on a new science of predictive linguistics pioneered by Clif High of www.halfpasthuman.com.To balance the arguement, Karl Denninger at Market-Ticker comments about the rising price of silver.
The problem ... is that the premise in buying something that guards against debasement is that you do not want anything that has leverage inherently in it. ... If we go against the dollar itself (/DX) it's a ~4% move. Predicated on that Silver is geared at TWENTY FIVE TO ONE.In a later post in the same thread he adds
They are exhibiting insane leverage, which is NOT what you want in such a hedge. They are speculative and levered instruments, which make them EXCELLENT trading vehicles but a terrible means of "protecting" one's wealth.Whatever happens, tomorrow's first-ever Federal Reserve press conference should be interesting.