BrotherJohn believes that the Euro is nearing a critical point vs numerous curencies, currently breaking down vs. the Yuan and the New Zealand dollar (new all-time lows vs. NZD), at long-term support vs. the pound, is in free-fall vs the Australian dollar, and is in a reverse Swiss staircase formation vs. the USD.
6 comments:
WELL! So 'inappropriate' of Brother John to actually illustrate how ominously precarious, prospects have become for the Euro! At least he omitted mention of how that is likely to affect Yuan-Renminbi. Charles Savoie IS THE MAN! He is the definitive master of silver history! Most of my own deductions are largely derived from his incomparable research and documentation.
The euro will go to par with the dollar and it will create incredible funding problems for the euro banks. 2012 will be the pivotal year, push is going to have to come shove, you can't kick the can down the road forever.
While watching, I noticed something interesting.. And quite unlike Brother John actually! When he checks out Tulving's price on the America The Beautiful series five ounce rounds he mistakenly indicates that they are being sold at only 35 cents or so over spot because he mistakenly divides the price over spot by the number of ounces per round. So evidently he's not one of the "larger players" that he mentions, (or simply never purchased from Tulving before), or else he would know that the price over spot quoted there is per ounce and not per coin. But you're right Pat.. Charles Savoie has always been "spot-on" and well ahead of his time! But are you sure your writing style might not have been at least partially garnered from reading his work too? I think I see some similarities there as well! :o) Anyhow... I just went and looked up one of his earlier pieces from the current silver bull back in '02 for giggles and because I had almost forgotten about him as I hadn't seen one of his posts in the longest while... One simply and aptly called "Silver Supernova". And while the entire article is an excellent read even today, I thought I would copy and paste here for those who aren't quite as familiar with him and his "style" as you and I are, just a singular sentence from that article that is just as likely to be fitting today in describing what the market will look like when the proverbial "SHTF", so that some of the younger members of this forum can see what a flair he has for words... "The short corner on silver will soon be pulverized by market forces, namely, shortages crippling industry as leasing ends and the deficit asserts itself among metal users like a pack of wolves brawling over 10 pounds of meat when they must have 200 to keep from starving." Stylish indeed!! :o)
F-in collapse already, holy crap come on how long duck dong can they keep that burnt up piece of fiat trash going, this so totally bloty futtin orrible to see, that is if you are awake to the drawn out draggin your old dirty blanket down the futtin road. Rubbage...complete rubbage
"The short corner on silver will soon be pulverized by market forces, namely, shortages crippling industry as leasing ends and the deficit asserts itself among metal users like a pack of wolves brawling over 10 pounds of meat when they must have 200 to keep from starving."
Yes... and when those 10 lbs. of meat are gone, they WILL turn on each other!
Ahem, it's me, I suggest "Silver Users In Open Warfare" at Silver Investor archives yes they will like Hannibal versus the Romans. May they be broken on the Catherine wheel of shortages and broiled in the brazen bull of consumer boycotts and lambasted by a silver coin starved citizenry. Anyone else notice that Bart Chilton's grand father had a chemical lab named after him by Du Pont, Silver Users Association bulwark? Cronyism is part of what's wrong with the CFTC, and Bart is just another fraud. He ain't gonna make it into The Pilgrims Society, however.
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