Sunday, October 12, 2008
2:50 PM PDST SUNDAY AFTERNOON OCT 12, 2008 BEFORE THE GOLD MARKET OPENS
The Euro has gapped up from 1.3418 to 1.3625 on its opening today, but has fallen back to 1.3591 at present on my delayed charts. My real time prices don't open until 3pm or a bit after that time. Oil has fallen down to the 77 dollar range. Bonds were last in the 116s on Friday. It will be interesting to see whether they are bought or sold. They need to be sold to increase long term interest rates to attract investment into the dollar, but the dollar is so damaged now, I wonder if anyone even want to fool with it anymore. All this so-called "planning" by the G7 and other entities is all for naught. We are broke...the money is gone...and the economic system will collapse. Although the criminals who are still in power will have to have stakes driven through their corrupt hearts before they will ever stop destroying the system with their unlimited ability to drown the world in worthless paper money to attempt to avoid being executed for what they have done to the World's Economy and Peoples. May they receive their dues in a court as soon as possible.