each unfinished war sets up the next one..
count up the middle east wars from the last 50 years which never settled much of anything and take your pick.
the price of oil is the score keeper.
currency controls would be one way to do it although the stock market would get hammered
let's say they restrict how much FX you could have in your account etc.
not likely, but things are starting to feel panicky and a panicked politician is trouble
the sad part is Fed. Funds is at 2% and the market is diving...
raise rates..the market dies
lower rates..the market dies
gold told the story today +3600
the Romans witnessed their own suicide as evidenced by their own silver coins which were 100% silver at the beginning of the empire and less than 5% silver at the end.
this empire is headed down the same path and the ending is the same.
the short-refiners-long-crude trade needs to survive until the end of the quarter so that hedge managers can get paid...
although the refiner call buyers sense that the trade will get unwound a week from today so they're trying to get the jump on it.
an opinion of course..
most markets are thin ahead of Benito Bernanke
gold has air pockets just as silver does..sometimes silver more so
go to the beach and return in October
gold couldn't get thru 910 which is a downtrend line for the correction from 1030
this is about the 3rd try and stops at 900 were hit on the way down, and bids were pulled.
maybe next time