Wed, 16 July 2014
We connected with Bix Weir today. Seems like they're desperate to find a solution to the vanishing silver fix. Evidently there are billions and perhaps trillions in silver derivative contracts who's very is existence depends upon the Fix. But nobody is quite sure exactly what to do about it. Rumors are circulating that Reuters and CME Group will replace it shortly, but will their Fix be legally binding and sufficient?
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Wed, 16 July 2014
Aaron Clarey, a/k/a Captain Capitalism joined us today for an economic review. By virtually any measure the US economy is heading into or is already in a recession. But you can't do anything about it, just like you can't do anything about the Border Crisis or the march towards Socialism. So don't let it get you down. Find the community you want to be a part of and move there. Enjoy your life and have a good cigar.
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Wed, 16 July 2014
Gold and silver are up today, does that mean that the raid is over? We can only wait and see. We tend to agree with our friend Turd Ferguson that the goal is to break the trend line at 1280, but perhaps not. Silver is still above $20 and gold has bounced back above $1300. We'll learn a lot from where this stops. We also talk about the continued decline of New York City and the free for all known as Times Square. Seems as though the inmates really are running the asylum.
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