Trader Dan's Market Views: FOMC gives Precious Metals Bulls reasons for cheer

Even when things go entirely your way on a day like today (Thanks Uncle Ben), it does have all the makings of a Pyrrhic victory. If being on the right side means that -- as that old scag-bag Charlie Munger says, "Even if it works, you're a jerk" -- then I guess I'm a jerk. So be it.

Given what seems to be going on at the House of Buffett lately maybe it takes one to know one. Sliding Sokol out the door on the day of Bernank's presser is a work of PR genius. You guys are really slick over there.

http://www.zerohedge.com/article/and-so-billionaires-turn-each-other-sokols-lawyer-accuses-buffett-lying

From Trader Dan Norcini's blog in words much more eloquent than I can manage to muster at the moment, but whose sentiment I echo 100%.



Trader Dan's Market Views: FOMC gives Precious Metals Bulls reasons for cheer:

"Thanks Ben and thanks to all the Fed governors whose foolish, inept, and short-sighted idiocy has set this nation on a path that will make the IMF prediction of its sliding into second place behind China, indeed come to pass. No nation ever kept its place of economic ascendancy by deliberately killing its own currency. An economically strong nation, with a solid manufacturing sector, the rule of law, an ethic of thrift, low taxes, reasonable regulation, etc, will by default have a strong currency.

The plight of the Dollar is now a commentary on the decline of our beloved nation. It speaks with a more pure voice than any analyst could ever aspire to and what it is crying is disheartening to an extreme for those with ears to hear it.

History has the advantage of being relatively objective in its analysis as it is removed from the passions of the era. It is with that in mind that I can confidently say it will render a harsh and severe criticism of those who led our nation and its monetary policy during this period as they presided over its decline."

YOU GO UNCLE BEN, YOU GO.... Your plan has been working so well.