“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence
Gold at $1470...
ReplyDeleteand capped. We'll see how things shake out after the noon-time bombing run. Silver bouncing between 40.30 and 40.10 for the moment. I'll be surprised if there isn't more violence at this level.
ReplyDeleteThanks for all your hard work Dan, I've learned a ton from you over the years.
Ta,
Between what hours should we expect that noon time raid?
ReplyDeleteuh... Noon? +/- 15 minutes .almost. like clockwork for about an hour. Not 100% but, it happens often enough.
ReplyDeleteTa,
im surprised that the comex hasn't raised margin requirements for gold like they did for silver a week or so ago. maybe today they will?
ReplyDeleteVery good point. It should happen soon enough, definitely between here and $1500.
ReplyDeleteTa,