Posts Tagged ‘Oil’

The pundents that always looked for some OIL Gold connection are at a loss. According to their theory on Gold up Oil Up etc. Gold should be about 250 per pounce right now. But it isn’t. the Stock market measured by the DOW is under 8000 again and every one is simply in a flight to something real. REAL Gold, not the paper stuff on the Internet is like Ammo, Some will quote it low, but it seems they have none to deliver. Fact is regardless of the so called spot price GOD and SILVER and Platinum have unhinged themselves from the Energy market as well as the COMEX. At least where IN HAND GOLD is considered. Instead of a fifty cent mark up on Silver we are talking over a dollar and a half and GOLD is no longer easily available for 50 dollars over spot but is instead holding a premium of over 100 or more. ( if you can get it).

Ammunition is the same. Folks are telling you they can get it for you are pone price, but then they are out of stock, will not take an advance payment, and himm and haw when you want actual delivery. They are afraid if they sell it to you at one price they will not be able to restock at any price.

GUNS.. Especially AK-47’s or AR-15’s and other such tools are coming in short supply and the fact is they are almost two time the price they were before the messiah was elected to be our new ruler. Have you noticed that almost all the WAL-MArts are not selling them any more? And the Ammunition supply at the Local Wally world is almost non existent!

The economy is in a tale spin. Unemployment is through the roof and the local and national political drools have no idea why? or are they orchestrating the problem so they can buy up and clean up later in a vast power grab?

OIL hit a new high. I wrote last night in my little book OIL at 144.70, only to wake this morning and and see 145.51.

Veronica Brown over on the Forbes Website meanwhile stated in her artical about the EU bankers meeting “LONDON, July 3 (Reuters) – The euro hit a two-month high against a broadly struggling dollar on Thursday, with sentiment dominated by a widely anticipated European Central Bank rate decision and key U.S. employment data.

The single currency, hovering near $1.59, is poised for an assault on April’s record high of $1.6018 if events swing in its favour.

The ECB is widely expected to raise euro area borrowing costs to 4.25 percent, with policymakers having flagged their intensions, putting its post-decision news conference firmly in the spotlight.”

OIL up GOLD UP SILVER UP INFLATION WAY UP. DOLLAR DOWN