market
This market is rigged and dangerous. On August 4th, Dow dropped 4.3 percent! When it happened, I couldn't understand why. Wasn't the US debt ceiling issue resolved already? Then came the S&P downgrade announcement the day after on the weekend. The next Monday on August 8th, Dow dropped another 5.55 percent! I guess some people were making serious money shorting the market!
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$14.3 Trillion U.S. Debt Ceiling is reached. I'm surprised it's barely mentioned in mainstream media! Instead, what we get is IMF boss got arrested for his attempted sexual assault. Timing is everything! Now, the IMF boss is locked up, nobody is going to save Europe's debt problem at the moment. US dollar is bad, true; but comparing to Euro, it's not as bad, is it? Stock market is calm, Silver dropped almost 5 percent! America is blessed! There are two options now, default or keep printing money. What happens if go default? US debt will be worthless, interest rate will shoot sky high. Normal people will follow the steps of their government and default on their debts as well. Big banks and insurance companies will go under. It will be a far larger crisis than 2008! No, not again.
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Financial trading and military history are two of my favorite hobbies. Now this is a historical moment in the silver market. This is the battle of Kursk, or the battle of Bulge, or empire strikes back. Or the last struggle before nirvana. The Chicago Mercantile Exchange raised margin requirements on silver futures four times in two weeks, 84 percent increase since April 25! The greedy fat cats are carrying out an counter-attack to save the big banks who are hugely shorting the silver. Looks like they are making progress. The game is completely rigged. Most small traders have to sell to meet the much higher margin requirements. Other traders unload all their holdings because of the stops were being hit by this sudden and fast drop. One of my co-workers got stopped out of all his positions. A friend of my another co-worker, a fund manager in China, killed himself jumping off from a high building. For me, I've been waiting for this moment for quite a while. I have quite a bit of cash sitting on the side line since the beginning of the year. I missed the run up. God is treating me well. Now I'm given the opportunity to add some more.
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May 6, 2010. A fat finger pushed the "B" key instead of the "M" key, Dow plunged by nearly 1000 points. This finger must be very, very fat indeed, because there's a "N" key between "B" and "M". I'm not surprised by the 1000 point drop. I'm very surprised by the quick rebound though. Something weird is going on here. A month earlier, March 26, 2010. Another idiot in a North Korean submarine got a fat finger problem and pushed a torpedo fire button. As a result, a South Korean Frigate was sunk. How true is this theory comparing to the recent fat finger theory on Wall Street? I don't know. If this is true, what is Kim Jong-il thinking? Is he asking for the protection fee from the rest of the world? I thought only US is qualified to charge for protection fee from the world. Mr. Kim secretly visited China a few weeks ago. Not sure what they were discussing about. But this is not the right time for China to go to War. If this new Korean War breaks out, Japan is going to fight with South Korea. China will be in a very difficult situation. She can either fight with North Korea or remain Neutral.
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