Wednesday, September 22, 2010

The Drugs Don't Work

TMM had The Verve on in the background at home last night as they waited for the Fed decision and though their minds were distracted they were sure they heard the following...

All this talk of buying bonds
Is breaking the printing press
Like The Beard at the Fed, hoping for growth
This time I'm comin' down

And I hope you're thinking of Gold
As you take your money shot
Now Q E don't work
It just makes things worse
But I know I'll see some growth again

Now Q E don't work
It just makes things worse
But I know I'll see some growth again

But I know I'm on a losing streak

'Cause I stopped out of my stocks
And if you want some growth, then just cut our tax
And we'll buy stocks and homes again

Now Q E don't workIt just makes things worse
But I know I'll see some growth again

'Cause Benny, ooh, if Geithner cuts, I'm buying too
Just like you said, you buy those bonds, I'm buying Gold

All this talk of slowing growth
It's getting me all beared up
Like the Fed in a box, praying for growth
They've got no bullets left

Now Q E don't work
It just makes things worse
But I know I'll see some growth again

'Cause Benny, ooh, if Geithner cuts, I'm buying too
Just like you said, you buy those bonds, I'm buying Gold

But if you buy those bonds, just let me know
And I'll buy Gold 'till you stop again

Now Q E don't workIt just makes things worse
But I know I'll see some growth again

Yeah, I know I'll see some growth again
Yeah, I know I'll see some growth again
Yeah, I know I'll see some growth again
Yeah, I know I'll see some growth again

Gold's never going down, It's never going down
no more, no more, no more, no more, no more
Gold's never going down, It's never going down
No more, no more, no more, no more, no more

(Repeat and Fade Out)

4 comments:

Leftback said...

Bucky was dented overnight.

FX said...

I take it we won't be seeing those gold charts of yours for a while? You know the dollar had an upper recoupling threshold, god knows where we're going if it breaks below the lower one that more or less says, I throw my hands up, ITS "YOURS"!

Nemo Incognito said...

As the resident commodities nerd of TMM I can only say that Gold flow data has got harder and harder to trade because so much of it is going into physical now - ETF flows are not as much of the picture as one might think. Given the tightness of the physical market things could really get really, really silly though given relative underperformance and cost curve push I prefer platinum here.

pupkinus said...

thanks! that was great :) and it bring excellent memories of my youth :)

Keep up the good work! I'll go buy some PHYS now...