"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."
Dietrich Bonhoeffer
"Pardon one offence, and you encourage the commission of many."
Publilius Syrus
“And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
Dick Durbin, US Senator From Illinois
"And there is a kind of an 'ok guys, you're mad, how are you going to stop me' mentality at the top."
Robert Johnson, economist
'What is truth?' said jesting Pilate, and would not stay for the answer.Francis Bacon
Gold and silver spot prices went straight up in a 'flight to quality' on the news from Goldman Sachs that the Fed will have to engage in substantial quantative easing. This analysis received a boost by a much worse than expected existing home sales number, with 3.83 million units sold versus 4.72 million expected.
So the squid threw a rock in the pond ahead of Thursday's precious metals option expiration on the Comex, and caught many traders offsides in what was expected to be the usual 'skin the specs' easy money trade. As the metals market rig starts crumbling look for more players to break ranks and start taking chunks out of the bullion bank elephants for themselves.
Gold Chart Intraday
Silver Chart Intraday
