[Micki]

I have a feeling this is setting up the stage for a snapback rally in some asset classes and now the bankers will have more money to quickly snap up assets. Was seems to be taking place right now is hoarding of cash and waiting to see what the best bargain will be.
And you know how a rally works...people and blackboxes buy because price is going up, not becasue of some fundamental change.
This is just going on gutinstinct, but I wanted to get it out as a alternate scenario to the banks just sitting there on all the cash that has been made available at bargain discount.
The question is when or what will trigger a shift...

[Denny]

Note page 7 in the bag of tricks - The government buys private sector securities.

We are there baby!

[DantesPeak]

$this->bbcode_second_pass_quote('Denny', 'N')ote page 7 in the bag of tricks - The government buys private sector securities.

We are there baby!

[eastbay]

$this->bbcode_second_pass_quote('DantesPeak', '
')At some point some part of the trillions $s in new money will also return to commodities, and the recent selloff will be quickly and almost entirely forgotten.

[smallpoxgirl]

Oil down to $78. Gold down $82 so far today. Silver is down $2.50 today to $9.50. This is amazing.

[Arsenal]

What really sucks is there is no silver or gold to find. APMEX is completely out. Deflation is the game it looks like but if you can hold off selling your PM, inflation will hit sometime afterwords. IMHO.

[jlw61]

If I was going to think about investing in a metal besides copper jacketed lead, it would be silver. Eventually it's going to skyrocket again.

I may be talking like a damned fool, but between the two, the idea of deflation strikes me as more managable than than hyper-inflation.

[threadbear]

We could get mired in a long term deflation, not measured in fiscal quarters but in years, decades. It's definitely deflationary, at the moment though. No doubt. But, remember the govt has a "tool kit" and they plan to use it, which would mean inflation. But, one thing can most assuredly be counted on and that is much much lower standard of living in the developed world.

[smallpoxgirl]

$this->bbcode_second_pass_quote('Hogan', 'S')PG, just wait until later when the Fed tries to print their way out of the depression. Hyper-inflation all the way. Hold onto that physical gold.

[americandream]

$this->bbcode_second_pass_quote('smallpoxgirl', 'O')il down to $78. Gold down $82 so far today. Silver is down $2.50 today to $9.50. This is amazing.

[green_achers]

I wouldn't put too much credence in the posted price for gold. That number for the paper market, IOW, the people who think they're buying something that might not even exist.

Go check out Kitco, CNI, NW Territorial, etc. Right now they're paying over spot to anyone foolish enough to part with their PM's and there is no physical product available.

[mattduke]

Remember, it is not the crash that will cause the hyperinflation, but the government's response to the crash, which comes later.

[smallpoxgirl]

$this->bbcode_second_pass_quote('mattduke', 'R')emember, it is not the crash that will cause the hyperinflation, but the government's response to the crash, which comes later.

[americandream]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('mattduke', 'R')emember, it is not the crash that will cause the hyperinflation, but the government's response to the crash, which comes later.

[Starvid]

Sure seems like we are heading for low inflation or even deflation now, but when we reach peak oil in a few years, what then?

Though I guess this recession will push peak oil away a further year or three. The peak in 2015 guesses don't seem so weird anymore.

[Falconoffury]

With retail silver unavailable, we should expect to see a lot more futures traders taking delivery. I may do that myself. Then we shall really see if the markets are manipulated. If COMEX can't deliver, we will finally see a skyrocket in silver prices.

[smallpoxgirl]

$this->bbcode_second_pass_quote('americandream', 'I') was expecting this. How else could they forestall a bloodbath in after hours trading. This will hold the line till monday with rumours of bargain hunting.

[mattduke]

Physical silver did not go down in price today. Ebay bars are at $1600, almost 60% over the paper price.

[sittinguy]

ALRITE, I will reluctently, admit this looks like deflation. But just wait, me and all the other inflation believers will get our day in the sun. After you deflationist are done laughing it up you better go out and get some sun screen.

Oil will probably come back up soon. We all know they will slow supply to get the higher price, it just takes time to feel it. .

I was VERY confused with gold and silver today.. And sad, I want to see gold and silver go up,, UP