[Update on MH17]: It’s starting to not look so good for the Ladies who doth protest too much (Obama/Kerry/Biden/Feinstein/McCain/etc). Russia has satellite images showing Ukrainian troops deploying the type of missile involved and wonders why the U.S. won’t release satellite photos from a U.S. satellite that was directly overhead at the time, among other questions raised by Russia: 10 Questions From Russia For Obama
Oops – Obama pisses off China on MH17 now: China Condems Obama’s Response to MH17. That’s not good, given that China is America’s largest lender and enables the hoi polloi here to borrow and spend…
If you’re bored by the that topic already, then maybe Part 2 of our derivatives Armageddon series will interest you. In this video we discuss some of the insanity that lies behind U.S. derivatives accounting rules and how they favor the banks at our expense:
The coming derivatives collapse is one of the primary reasons the price of gold (and silver) is going to the moon. Gold will start moving well in advance of this event but it will go parabolic once it becomes obvious to everyone.
Assuming the markets remain functional in the aftermath, the junior mining stocks will move even more than gold/silver.