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By Great Depression 2 (Reporter)
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The Sound Of Silence

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What do you hear on the highways when the price of gas reaches four dollars a gallon? Pretend all you wish. Try and keep the price off the MSM airwaves as much as you wish. But there is one UNDENIABLE FACT. This economy cannot continue on a growth course with oil over 100$/bl….. This is a wooden stake driven through the heart of the American consumer. Create all the false flag events you wish. Trot out all the manipulated economic statistics to booste CONfidence in you staged recovery…..but your stupidity in allowing your traders to rip oil over 100 to steal some change from a couple large short positions destroyed your ponzi. Good luck if you think pulling this back to the low hundreds or 90s will save you now. This economy is so overwhelmingly damaged by this run of oil that it won’t bounce back. Oh sure….you can paint it awhile longer but you just ripped the psyche rout out of the “recovery” for those “little people”. You disconnected manipulators blew it. I don’t know where oil is going now, but I do know what the effects of oil over a hundred for the last few months has done.

Alas our poor silver. Another road kill in the life of the ponzi. A few weeks ago we would have looked at the price of silver at 36 and we would have been thrilled. After the manipulated run up and crash to our current spot of 38 there is rampant panic and terror in the silver market. I was out of the trade too early but I knew the true power would extend the dark hand and give us our much anticipated crash. But what I find more interesting is the action in the COMEX and the COT’s four margin increases in less than a week. This is unprecedented and tells me all of the tin foil conspiracy theorists are right. There is no bullion and the COMEX was in trouble. The interesting issue now is that even though the have kicked the hell out of the price of silver they cannot get the open interest to leave the COMEX. So they are going to have to pay a nasty premium to pay off those standing for delivery or they could still default…. (they will NOT default)… They are giving you another nice entry into silver though.

Risk on Risk off means continued damage to the energy sector too. So SGY HNR ATPG HERO GMRX NBR have further to bleed.

Watch the Euro announcement by Trichet….. if he is not hawkish enough this could signal a turn in the dollar/euro……lets see……..gl

Read more at Great Depression 2



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