By John Galt
July 18, 2011
I stay up half the stinking night to post this chart and celebrate and what do the overnight traders do? Wait for Europe to put it over the top. Scumbags. Ah well, it’s here, $1650 is now in play and the Bubblemedia hasn’t grasped that this is NOT a good thing for the economy but an indication that the rest of the world is in the process of abandoning the Euro and US fiat currencies as fast as they can for safety.
That or someone is storing up for one hell of a war that could be starting soon in the Middle East.
Chart from NetDania.com for posterity: