Friday, June 27, 2008

Meltdown time is close

Barclays warns of a financial storm as Federal Reserve's credibility crumbles

Another mega bearish article from Ambrose

Posted by sold 2 rent 1 @ 08:46 AM (1168 views)
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8 thoughts on “Meltdown time is close

  • sold 2 rent 1 says:

    The Dax is falling again.
    My PUT options are on 120pc profit from Wednesday, and we haven’t even started the major panic yet

    Remember when all this destruction is complete, we will have a change of consciousness.

    Reply
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  • “Investors will do well if they can preserve their wealth.” – A lot of pain to come then.

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  • s2r1 – to me the dax is looking oversold at these levels (of curse it could become very oversold and extrememly oversold). Unless we have a further major fall today in the US i am looking for this downmove to finish either today or monday. Then a rally, or sideways move. I am interested how you think this fits in with your Arnstrong model. Since the most recent low was very close in terms of date with the Armstrong model, then arent we expecting (on that model) higher prices into April 09. Or do you believe it was relative to other markets?

    Interesting times for sure – but for me – rightly or wrongly i am getting out of dax puts, based on an 14 period hourly expo MA. To be fair i dont have that much left. But still “bigger than the average bear”. While on the subject Gold is grabbing my attention the high was up against the downsloping trendline. Lets see.

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  • sold 2 rent 1 says:

    I think the Armstrong model showed 3 points

    1. Avoiding complete financial meltdown with BS bailout
    2. Lowish point in USD
    3. Low point in 10 year T-bill yields ( http://finance.yahoo.com/q/bc?s=%5ETNX&t=6m&l=on&z=l&q=l&c= )

    Who knows what index the April 09 high will be?

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  • sold 2 rent 1 says:

    TM,

    As for gold, if NWO power is slipping then gold should rise massively as their gold suppression methods fail

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  • planning4acrash says:

    Hi S2R, I’ve given up on Bullionvault, they limit the amount you can withdraw at a time. I want hard currency. Do you have any recommendations for sources of reputable dealers in coins in London?

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  • planning4acrash says:

    S2R, another point, by selling all the gold, the NWO has privatised money. They have reversed the control they gained by creating the fiat money system. Eventually holders of gold will not sell gold for any amount of fiat. And, as we all know, gold is a GLOBAL currency. Hence, by the law of unintended consequences, their tyrannical actions could lead to a libertarian global system.

    If this is destruction, it is very good. To maintain control, they have lost control of true value. The purging of gold from central banks was a necessary temporary prop for the final fiat blow out, and is also necessary to end government control over the issuing and control of money supply.

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  • planning4acrash says:

    Problem is, that most people do not have anything of value to exchange for gold when fiat will not buy it. I fear for the families that will suffer.

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