Wall Street Holds Its Breath

What will Ben do?

What will Ben do?

That is what Wall Street is worried about at the moment. It wasn't enough for Ben to tell the markets easy money will be here for the next two years with unchanging interest rates. They want more!  And they want it from you! And they will get it. As an aside.. To Big To Fail continues with Bank of America today giving Warren Buffett special investor Warrants and Perferred Stock for infusing 5 billion into BAC, who has said repeatedly that they don't need to raise capital.

Well who would believe it?

A bank caught repeatedly lying about their accounting!?!?    

Quelle horreur!

Well if that didn't shock you, dig deeper.  Why do you think Mr. Buffett jumped in the morass of BAC today? Is it a good value? To calm the markets? Or do you really believe that he came up with the idea in the bath!?! I need to take more baths! However, I would suspect that Mr. Buffett knows, and more than likely made a deal, that if BAC fails, his investment will be bailed out by The FED and dumped on Freddie and Fannie Mae. All WIN WIN for Mr. Buffett and another big loser for the American taxpayer. While the assets are sold to J.P. Morgan on 10 cents on the dollar. Cynical? Yes I am. The criminality is so blatant that it is mind boggling.

The markets are in fluxxx. Yep. A triple XXX  wild ride. Gold got hammered in a criminal shorting by the Comex and JP Morgan. Seems that the Comex leaked their intention to raise margins on Gold. Surprised!?! Angry!?! YOu shouldn't be, we all knew that options expiry was coming today and knew the criminal banks would knock out paying as many future contracts as they could. And they did. However, did you notice that Silver kicked back up over $ 40.00 to $ 41.12?  US $ 40.00 looks like a solid bottom for Silver at the moment. Gold also jumped up over $ 20.00 to US $ 1,771.30
  
I noticed that many pundits on CNBS were gloating at Golds drop and belittling metals in general.  Don't believe it. Gold & silver are a store of wealth and is insurance against a dropping fiat US Dollar. There is no stopping the US government from avoiding cutting spending and there are no good jobs coming to the USA.  So, the dollar will continue dropping. Simple as that.

Remember it's all about jobs!

What will Ben do?

We will find out tomorrow.

Don't be surprised if it is all cooked in already, Wall Street is ready to party and the market is up 200 plus points on friday!