Precious Metals Halloween Massacre

Just in time for Halloween, a precious metals massacre.

Bullion.Directory precious metals analysis 31 October, 2014
By Terry Kinder
Investor, Technical Analyst

Just as the Fed has assured us that they have driven a stake through the heart of that blood sucking monstrosity known as quantitative easing, it appears there are more monsters roaming across the countryside.

Halloween Precious Metals Massacre: QE Werewolves, Vampires and other monsters roam the land tonight. During times like these, it doesn’t hurt to have a few silver bullets and some gold to boot. Image: morgueFile

From zombie banks to a Frankenstein Economy, we are left to defend ourselves from the horrors unleashed by The Creature From Jekyll Island. Armed with silver bullets, savers wait for the bankers to transform into werewolves when the moon is full. Those ravenous bankers / werewolves, not satisfied with an endless supply of money conjured from thin air also want to rip the last penny of interest income from those on fixed incomes. For good measure, on All Hallows’ Eve, the hideous creatures the Fed has created seek to destroy the value of precious metals.

It is a literal and figurative nightmare that the Fed has unleashed on the land. The banks are dead, as hollowed out and soulless as the brain eating zombies from a late night horror show. The problem with zombies is that they spread until virtually nothing is truly alive. In the case of zombie banks, they continue to infect the real economy with their disease. Zero Interest Rate Policy (ZIRP) and QE pumped up the balance sheets of the banks, cause massive mis-allocation of resources, and pushed the stock market ever higher but left the real economy as good as dead. Despite the lower official unemployment rate, millions have simply given up looking for a job or been forced to take a lower paying part-time job or jobs. The Fed’s policy of 2% inflation, like Dracula, sucks our blood. Each year the value of our savings declines and living costs increase. Combined with ZIRP, that robs savers of interest income, the Fed’s policies prey upon those least able to fight back.

So, on Halloween, with the undead bankers feasting on the brains of financial news anchors, Counts Greenspan, Bernanke and Countess Yellen feasting on the lifeblood of the economy, and the werewolves at the door, remember the evil that the Fed has brought to the land, and the monsters it has unleashed on us all. Keep those silver bullets handy, a few wooden stakes, and some gold just in case.

Happy Halloween!

Count Bernankula, “I’ve come to suck your blood. By the way, you don’t have any precious metals do you? My crypt is fresh out.” Image: DonkeyHotey

The Fed Sucks.

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