![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/tny_ag_en_usoz_2.gif)
I've been thinking a lot about the markets and I still cannot fathom why they continue to climb other than because there is nowhere else to put your money. Marc Faber says he is buying gold because he doesn't know where else to invest. Who sits down in front of there computer today and says I think I'll buy 1000 shares of IBM or Coca Cola?
Who is buying biotech or technology when biotech is an unproven high risk option and Tech has margins as wide a piece of paper. I look at my paycheck (for which I am grateful) and I think damn, this is what I was making in 1998 and cars now cost 25k and homes sell for 200k. Groceries are double 1998 prices and TV's cost 1000.00. A computer however in 1998 was 2000.00 and now costs 400.00 so who the hell is buying Toshiba and HP. I know it is all the rage to own an Iphone and an Apple computer, but why? It is still just a freaking telephone. Do you remember when there were no cell phones? No digital TV? No microwaves? No Onstar and no computer in my car telling me to turn left. WTF is happening to us?
Is being hooked up to My Space, Face Book and Twitter creating a better life experience? I don't need a broker, a banker or a credit card company. I can do everything online. I pay my bills online, I buy stuff online, I communicate with the world online. At work I send emails to my boss who is 50 feet away from me.
I communicate with you online. I don't even need any real friends as I have cyberfriends connected via Skype. email and the blogosphere. No commitments, no hassles and when you bore me or I bore you, we just turn off the computer and we are gone.
We live in The Matrix of virtual reality. What do you choose?
The Red pill or the Blue pill
No wonder the psychopaths have taken over the world. They don't need our approval. All they need is our attention to be on meaningless drivel as they steal from us at will. We are the only ones to blame for our own indifference and complacency. We are not baby boomers we are a cybergeneration who will soon be replaced as we are no longer necessary. The war of the machines has already begun.
The war against the machines
The Red pill or the Blue pill
No wonder the psychopaths have taken over the world. They don't need our approval. All they need is our attention to be on meaningless drivel as they steal from us at will. We are the only ones to blame for our own indifference and complacency. We are not baby boomers we are a cybergeneration who will soon be replaced as we are no longer necessary. The war of the machines has already begun.
The war against the machines
14 comments:
"ICI reports that for the week ended June 9, domestic equity mutual funds saw $3.7 billion in outflows, 3 times the prior week's outflow, the sixth sequential outflow in a row, and $27 billion in outflows year to date"
http://www.zerohedge.com/article/ici-reports-another-massive-equity-outflow-prior-week-stocks-now-ignore-fund-flows
ZH goes onto speculate the investment houses' algo trading desks are responsible. Incredibly thin volumes on up days; heavy on down days. If this was the 1930s, the Crash would've happened months ago. But in our surreal world..
Mr K,
I have finally completed the post after many revisions. Thank you for being a part of The Hive. Your input is very welcome. ZH is my favorite site, but it takes a day to take it all in. Thank you for the link.
I completely agree with your post on the cybergeneration. I read a most interesting article (yes, online) from a corrospondent who did a stint in Tokyo, then Hong Hong, then went to Rangoon, Burma. He was startled to discover that nobody had cell phones, very few even had mopeds. But when sitting in a Rangoon coffee house, he noticed something different.. young people actually interacting with each other instead of their i-phones. We've all lost something along the road.
Queenbee,
Have you noticed in the last 72 hours RIG has rocketed from $47 to $55.00 too?
Darvas you know I have. I gave it to you on a silver platter, but the buy price suggested was too high. Sorry about that. I hope you bought anyway after we talked. Bhagwhan was first to turn me on to it, but I have all my money tied up in HL and TGLDX. Of course I made a nice profit on both this week along with my gold and silver hitting home runs.
I am walking on air as the rest of the world burns. TGLDX I got from Shaza in December and bought at 56.50 is now at 69.00 and HL is one I have watched for a long time that Taxhaven first told me about and bought a boatload at 5.37. NGD is one I found and have none. I bought at 4.50 and now at 6.50+. I wish I could self direct my 401k, but all I can do is put it in Mutual Funds within John Hancock and every one of their funds are dogs with fleas. So I leave it in a MM fund just to stay even.
Awesome post, Queenbee.
You write well, and hit the nail square on the head.
QB - did you ever read "The Machine Stops"? Written in 1909.
http://manybooks.net/titles/forstereother07machine_stops.html
'The Register' a cheeky UK tech news site, calls Facebook/Twitter etc 'The Blatherstream' - millions of people busily saying nothing that matters at all.
As a whole, they may provide social scientists with a gold mine of information about the people of our age.
But if you break it down to the individual level, to me it seems just a colossal waste of perfectly good electrons.
Twitter is the worst - Q: "What are you doing right now?" - A: "Well, I am reading short messages about trivial bullshit that contain nothing important, from people who I could not care less about." - B: "You too?"
Speaking of the O-Don't-Blame-Me-a One, here's Hopey's latest:
Obama warns G20 leaders on budget cuts
"Barack Obama has warned against cutting national debts too quickly as it would put economic recovery at risk.
In a letter to G20 leaders, the US president said that while it was important to put in place "credible plans" to cut deficits, withdrawing economic stimulus early was dangerous.
"[In the past] stimulus was too quickly withdrawn and resulted in renewed hardships and recession," he warned.
But Mr Obama said the US would still aim to halve is own deficit by 2013.
The US budget deficit would be cut to 3% of GDP by 2015, the president said."
ROFLMAO - at least he will have a new career as a comedian. Those targets are written with invisible ink on transparent paper.
I recommend Black Swan's latest piece.
http://www.blackswantrading.com/files/articles/bsccc061810.pdf
First of all thank you for the compliments on the post. Gildas for whom I have a deep affection for and hope to visit him in Argentina suggested that I do more of these.
I think the graphics also tell a story in and of themselves.
I have more to say than time to write it and that is why the comment section is so vital.
Damon Vrabel came out with more of his Renaissance series and that is coming soon. I want to listen to them first before I post, but Damon has a place here. He along with many others in The Swarm are actually trying to make a difference. I am doing my part. Please feel free to join and all you have to do is send a few emails to targets.
Loco,
Link does not work.
Pasting this:
http://www.blackswantrading.com/files/articles
Brings up this:
"Forbidden
You don't have permission to access /files/ on this server"
Mid Tier Silver Miner Report
Detailed look at middle level silver miners, quite good analysis, worthy reading.
Link worked for me, it's the usual type of link for BlackSwan, I read it.
Try at Howe Street scroll down look for 'Black Swan Currency Currents June 18'
If link does not work, it is probably your *.pdf reader. I use 'Foxit Reader', not the horrible Adobe Acrobat Reader.
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