In response to CIGA Green Hornet’s comments on the dollar and its short term rally:
Dear Green Hornet,
You clearly understand. I hope that this understanding finds home amongst those so dejected today.
The dollar cannot rise in the face of the Fed wishing to construct a less deflationary perception in markets and business. It is simply not possible to sustain.
The dollar rising in the face of the creation of so many dollars simply is not possible to sustain.
The dollar rising in the face of imploding financial and general business entities, being immensely bigger than the Euroland problems, is impossible to sustain.
The dollar rising in the face of Quantitative Easing cannot be sustained.
As you clearly recognize, gold is a currency, has always been a currency and will continue to be a currency regardless of today’s effort to the contrary.
Therein lies the future of gold which will trade on or before January 14th, 2011 at $1650.
When Comex deliveries represent 21,000 100 oz. bars taken delivery and removed from the COMEX warehouse, the price of gold will no longer be a game for the well known names out there.
The price of gold will reflect the true state of the physical market because the Comex in a practical sense will be a cash market.
The Comex as an observation also becomes a cash market at 100% margin requirement.
The effort here is in no way a covert attempt to break the playing board known as the Comex. The actions suggested and practiced here will with certainty level the playing field which is now totally leaning towards the professionals who are picking your pockets regularly and without fail on every single move.
I should know as both my wife and I were members of the Comex when it was across the street from my offices at 90 Broad Street and famous only for trading copper. Now there is a blast from the past.
All the best,
It seems India is ready for war with Pakistan!
Ciga Big Tatanka
Mumbai attacks: India raises security footing to ‘war level’
India will increase security in the country and on its borders to a "war level" in the wake of the deadly attacks in Mumbai that have been blamed on militants linked to Pakistan, a government minister said.
Last Updated: 4:27AM GMT 01 Dec 2008
The only one of the gunmen captured alive is believed to be from Pakistan and India claims to have proof of a Pakistani link to the Mumbai attacks.
In response to a string of public accusations from Delhi, officials in Islamabad said troops could be moved to the Indian border if relations continue to deteriorate.
"Our intelligence will be increased to a war level, we are asking the state governments to increase security to a war level," Sriprakash Jaiswal, India’s minister for state for home affairs, told Reuters.
"They can say what they want, but we have no doubt that the terrorists had come from Pakistan," Mr Jaiswal said.
Dear Big Tatanka,
You don’t think that India plans to do war with say the Ukraine? Pakistan is only coming into focus now. The Taliban is supported by the Pakistan Military and Intelligence. The so called Pakistan government is therefore captive, ineffectual and to a degree without blame.
You haven’t seen anything yet.
I tell you here and now that Pakistan/Taliban have the potential and substance to vault the world into a conflict so significant that it may well not have a precedent.
At the risk of getting a great deal of hate mail, I know this, I do not think this. What is coming is coming within three years.
Yes, things are that critical.
Here is another important fact sort of hidden in this answer to you. I have contacts with some of the most successful environmentalists and political scientists. Would you believe the safest place on the planet for living after January 14th, 2011 might well be East Africa? How is that a flip flop from accepted standard groups of so-called wisdom?
I wonder what my revered friend and Dean of Gold, Harry would say about that…