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Interesting Times
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I could put on this bio my education, work experience, investment strategy, and a nice thin (if I can find one) picture of me in a suit looking *smart*. Sorry but that's not my intent here. Sure I invest, help family make financial decisions, and make a ton of mistakes along the way. But my time... More
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Interesting Times For All Commodities And Investments!! CHAPTER 4......
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  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Rankings Name Gain/Loss Portfolio Value Percent gain/loss
    *** 1st *** Econ. Analyst $94,111.99 $194,111.99 94.11%
    ** 2nd ** FearandGreed $21,430.86 $121,430.86 21.43%
    * 3rd * JohnBinTN $21,207.75 $121,207.75 21.21%
    4th User7415481 $15,682.91 $115,682.91 15.68%
    5th ExtremeBanker $12,807.57 $112,807.57 12.81%
    6th Dr. Ken Kapur $12,224.09 $112,224.09 12.22%
    7th CoinsK $9,031.95 $109,031.95 9.03%
    8th CWinn $8,247.60 $108,247.60 8.25%
    9th Rinascimento $7,257.20 $107,257.20 7.26%
    10th Newbie Trader $5,733.12 $105,733.12 5.73%

     

    SO WHAT DO WE EXPECT FOR THE REST OF THE WEEK ?
    3 Jun 2014, 07:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » carry over from last chapter!!

     

    » WASHINGTON (AP) -- The White House has apologized to key lawmakers for not notifying them in advance about the exchange of five Taliban detainees for Sgt. Bowe Bergdahl (boh BURG'-dahl).

     

    Sens. Dianne Feinstein of California and Saxby Chambliss of Georgia, the top Democrat and Republican respectively on the Senate Select committee on Intelligence, said White House officials called them Monday to say the lack of notification had been an oversight. Feinstein said she received a call from Deputy National Security Adviser Tony Blinken.

     

    The White House did not immediately comment on the calls.

     

    The White House damage control comes as Republican lawmakers accused the White House of putting U.S. service men and women at risk by releasing the five top Taliban members being held in Guantanamo in exchange for Bergdahl.

     

    AN OVERSIGHT !! HOW ABOUT BREAKING THE LAW !!
    3 Jun 2014, 07:31 PM Reply Like
  • Bouchart
    , contributor
    Comments (868) | Send Message
     
    All he had to do was notify Congress, right? He didn't need a vote or their permission and basically just had to send them a form letter or something? He breaks the law to save who is probably a Taliban sympathizer?
    3 Jun 2014, 07:57 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Six servicemen died looking for this guy. One is too many.

     

    Having a rose garden ceremony was foolish.. He now opened a Pandora box. No one is safe anymore..

     

    You do a trade , you set up new rules for the game..
    4 Jun 2014, 10:40 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    Interesting transaction of the US Army defector for the five Taliban terrorists. I much preferred our pre-BHO policy of not making any deals with terrorists.

     

    If nothing else, with deals like these, maybe BHO would make a good GM for the NY Mets in 2017+. It looks like this Bergdahl kid has a storied past and maybe we should assign him directly to Guantanamo Bay, at least while it is still open.

     

    Who knows? Maybe this kid can through a 95-mile-per-hour fastball...left-handed?
    4 Jun 2014, 01:14 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    Good evening.
    3 Jun 2014, 07:59 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (2527) | Send Message
     
    As some of you know by now I follow trends in interest rates closely, as the cost of capital is a primary determinant of economic potential.

     

    It also is a primary source of revenues for many and therefore an understandably important special interest, so one should perhaps not be overly surprised at artfully drawn arguments advocating higher rates.

     

    But really, higher rates are a prerequisite to future growth?

     

    Like where, in Austeria?

     

    The economics of scarcity is so far out it's in, it seems.

     

    http://onforb.es/1jPBVCk
    3 Jun 2014, 09:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » SO THE YOUNG FAMILIES DON'T THINK OWNING A HOME IS A GOOD INVESTMENT ANYMORE !!

     

    http://aol.it/1iVyCtT
    4 Jun 2014, 10:45 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    If one or both parents of these young families attended/graduated college, they probably already have a college loan equivalent to that of a mortgage, so buying a home is not practical or in many cases not possible without a future default waiting to happen.

     

    Also these young families have witnessed the housing collapse we have experienced and many likely feel that housing is unstable and not a good investment right now.

     

    Economically speaking, living in the basement of one of the parents of the young families is much more viable during these times for the young family.
    4 Jun 2014, 02:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » "Economically speaking, living in the basement of one of the parents of the young families is much more viable during these times for the young family."

     

    My daughter has put off being married because of this job market. Having a Teaching degree 3 years ago was a bad move in hindsight.

     

    Who knew that would ever happen. So she is living with my ex wife now, although working full time as the head sub for a High school. No benefits though..

     

    The loans are what is hurting her as you stated..
    4 Jun 2014, 03:33 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    Hopefully your daughter stays with it and in the longer term, achieving her teaching degree can prove to be a positive move over time.

     

    As for the college loans, maybe we can "inflate" out of these and in due time these large outstanding balances can appear smaller in contrast of future income & other expenses at a future time.

     

    HRC has her back. She is committed to helping out the little guy which should become evident in 2017-24.

     

    http://bit.ly/1tJ1w5w
    4 Jun 2014, 04:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Well in NY you MUST have your Masters Degree within a certain time period. She was smart enough to at least get that out of the way.

     

    So when she does land a full time teaching position she won't be going to school in the evenings..

     

    But not so sure HRC is the way to go.
    4 Jun 2014, 04:29 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    If HRC is unable to take on the task, then Elizabeth Warren is a strong alternative and probably every bit as effective and committed as ole' Hillary.
    4 Jun 2014, 04:50 PM Reply Like
  • CoinsK
    , contributor
    Comments (2828) | Send Message
     
    Eliz. Warren? Really. I saw her speaking and telling a group that "they didn't build that". She loves the Chairman Mao phrase of using a hammer (and or a gun), as the best way to govern.All the while throwing our Constitution away. I would rather have someone that really cares about America and the Constitution.
    http://bit.ly/1nSNFMP
    "We know this is largely about power, that it’s an adults only no limit game. We kind of agree with Mao that political power comes largely from the barrel of a gun."

     

    And the Clinton's have demoralized America enough to last 100 years. No more Clinton's and Bushes please.
    5 Jun 2014, 01:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » COINS

     

    I try to just moderate to stimulate conversation. However I was kinda surprised by OAG'S two recommendations.

     

    I am with you on this !
    5 Jun 2014, 02:07 PM Reply Like
  • CoinsK
    , contributor
    Comments (2828) | Send Message
     
    http://bit.ly/ScrS3K
    5 Jun 2014, 02:42 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    Coins/IT,

     

    HRC is the front-runner right now. Hopefully history repeats itself in that a non-incumbent that is typically the front-runner 2+ years out prior to a general election does not even make it to the ballot.

     

    Coins: You make a good point along the lines that E. Warren would be equivalent to HRC. But yes, power is a factor for those running and seeking to grab that power. I think we agree that from the perspective of the people of the US, and how each would govern, is that HRC = E. Warren. Either would have the same playbook to follow through on.
    5 Jun 2014, 08:31 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    In my generation, what with the Draft and such, most of my peers were able to get VA 100% loans at a point or so lower than the going rate. The absence of a generation of Veterans buying houses is a considerable roadblock to housing recovery. Probably >50% of my generation served up until the end of the Draft. I too had student loans; but being able to buy a house for just the closing costs (as well as having a job and meeting VA creditworthiness), created a considerable market. If you have a good work ethic, and buy a house within your means, meant that you were not just enriching someone else with rent payments. I bought my first house for like 12.5k in the mid 70's. 3 bedrooms 1 1/2 bath, it was no slum back in those days. Now I am within 4 years of paying off my house, and am unlikely to buy another. I could have bought several for investment purposes after the housing crash, but am no longer able to do my own maintenance so I passed on the opportunity. Owning rentals like I did in the 80's and 90's was like free money due to the tax breaks you get as a landlord. If you can get decent properties, and maintain them yourself, there is a TON of money to be made if you can get in before prices rebound too far. Since the youngsters have a tough time buying, they have to rent. the rental market is really good in many areas. The house I was renting out here in NM in the mid 90's for ~$800/mo, I sold to an acquaintance, and the current renter is paying $1250/mo. I sold all my rentals by ~97 because I could no longer maintain them myself for health reasons.
    5 Jun 2014, 11:17 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » HRC CLAIMS THEY WERE DEAD BROKE WHEN WILLIE LEFT THE WHITE HOUSE !!

     

    http://aol.it/1pdNuvo

     

    Seriously out of touch with America's middle class!
    9 Jun 2014, 06:57 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    The Clinton's should have dove in head first an quickly right in to the global warming crisis in early 2001. Al Gore has found this not only personally rewarding in terms of saving the planet but also a nice little source of income along the way.
    http://exm.nr/1pdXZyD
    9 Jun 2014, 08:12 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    Al Gore can afford to buy "green credits", which makes his overly indulgent, wasteful lifestyle "okay". Money can make a multitude of sins simply... disappear.

     

    What a country....
    9 Jun 2014, 08:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JBT.

     

    Where's Regan when you need him?
    9 Jun 2014, 09:04 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    Dead, unfortunately. :( That day was bye-bye Miss American Pie...
    9 Jun 2014, 10:17 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » I was thinking that even though he is dead he is getting about the same amount accomplished dead then this POTUS alive !!
    9 Jun 2014, 11:16 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    Capital preservation,growth & revenue is the new investment.
    Package it in cellophane.
    4 Jun 2014, 10:49 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » ANY OPINIONS ON THIS SOLDIER ??
    4 Jun 2014, 12:26 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    If we Zipped OBL and his Lieutenants straight off,would of been over.We kicked the neighbor on the right because of the neighbor's on the left been paying sense then.Barry is a reminder of those in the unseen not to cross.
    It's a distraction,i'm sure the Generals have it under control.
    4 Jun 2014, 12:38 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    I hope I never get "Zipped"... :)
    4 Jun 2014, 02:49 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JBT

     

    Our (PSEC) is taking in on the chin lately. I am afraid to add to it unless we breach $9 bucks.

     

    Then the "IT FIB" says to start adding again.
    4 Jun 2014, 02:52 PM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    Hey! JBT is back!
    4 Jun 2014, 02:59 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    No JBT Strawberry short cake and ice cream is more your speed.
    6 Jun 2014, 06:00 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » anyone following (GM) news conference ? Seems to me a little too late !!
    5 Jun 2014, 09:17 AM Reply Like
  • indianamark
    , contributor
    Comments (2068) | Send Message
     
    I just finished my comment on S/A. Some how Trader was left off the end. I tried to edit it but failed. Any way, here goes.

     

    During the recent $3.00 sell-off in silver, our favorite banker did not increase his sort position. The 30,000 contracts, (150,000 ounces) increase in open interest are the hedgies, drawn in by the charts. (The price goes down, they sell. We're going to a new low, boys.)

     

    While they sell, the banks cover their shorts. Last Friday's C. O. T. had an unbelievable reduction of gold shorts. The same is expected tomorrow.

     

    Gold and silver are up today. Could it be short covering? When the powers that be end their paper game there are going to be some very unhappy Specs/Hedgies/Momentum...
    5 Jun 2014, 10:11 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » INDIANA

     

    One day paper and physical will separate. Then some will see the light. But will it be too late ?
    5 Jun 2014, 10:16 AM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    $1100.00
    5 Jun 2014, 10:13 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » AL

     

    I think we see $1300 before $1100.. Just my opinion.

     

    I keep reading that volume has been anemic for a few years now. So what does that really mean?

     

    Thoughts ...
    5 Jun 2014, 10:16 AM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    Our favored and most loved Banker is a Master piece.
    5 Jun 2014, 10:18 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » ** 2nd ** FearandGreed $22,245.30 $122,245.30 22.25%
    * 3rd * JohnBinTN $21,785.85 $121,785.85 21.79%

     

    Like an Ali/Frazier fight. Going toe to toe !!!
    5 Jun 2014, 11:06 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    F&G is indeed a tough adversary. He's holding some strong names.
    5 Jun 2014, 03:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » (PSEC)..Is the bottom in ??
    6 Jun 2014, 09:54 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Prospect Capital Corporation securities during the period between September 14, 2009 and May 6, 2014, inclusive, and informs investors who wish to become proactiv ETC.

     

    Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the securities of Prospect Capital Corporation between August 21, 2013 and May 6, 2014, inclusive.

     

    Levi & Korsinsky, LLP is investigating Prospect Capital Corporation in connection with possible breaches of fiduciary duty. To get more information, click here: http://bit.ly/1uw1JeM. On May 6, 2014, the Company disclosed that the U.S. Securities and Exchange Commission has alerted Prospect Capital that its financial statements may violate generally accepted accounting principle

     

    And on and on and on.....
    7 Jun 2014, 12:34 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JBT SET THIS UP FOR US. I AM SIGNING UP AS INTERESTING TIMES.. OTHERS CAN USE THEIR REAL NAMES OR WHAT THEY WANT TO NAME THEIR PORTFOLIO.

     

    WE WILL USE WHATEVER IS AVAILABLE HOWEVER NO TRADING ON MARGIN. I HOPE TO GENERATE SOME NEWBIES AND I WOULD LIKE TO KEEP IT SIMPLE. BUT AM OPEN TO ANY IDEAS..

     

    "The challenge is set up, anyone can join at any time. It's set to run from 8/1/2014 through 6/5/2015 (could not extend date any further).

     

    It is an advanced game - there is a small commission for trades (game money, of course - it's all free), limit / stop-loss orders are enabled, and trading on margin is allowed. It's a "live" simulation, and trades are executed in real-time. $100k to start, open to everyone who has the password.

     

    A MarketWatch login is required, and real names are displayed. It takes about 2 minutes to set up a MW account. You can make a fake one, if for whatever reason you do not want your real name displayed. Myself, I don't care. ;)

     

    Anyways, here is the link and password:

     

    http://on.mktw.net/1lb...

     

    Password is 'besmart' (without the quotes).

     

    -John"

     

    PLEASE LET ME KNOW ONCE YOU SIGN UP !! THANKS JBT..
    6 Jun 2014, 10:59 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    IT's link did not copy/paste well... Here it is:

     

    http://on.mktw.net/1lb...
    6 Jun 2014, 11:01 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » I think I fixed it...But thanks for looking out for me. Sign up was a breeze !!
    6 Jun 2014, 11:05 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » HERE I THOUGHT TOMORROWS BELMONT WAS GOING TO BE A RACE TO THE WIRE..

     

    ** 2nd ** JohnBinTN $22,498.69 $122,498.69 22.50%
    * 3rd * FearandGreed $22,489.38 $122,489.38 22.49%

     

    Good luck guys. Going to hold positions or trade ?
    6 Jun 2014, 12:21 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    IT & SA,Positive.
    6 Jun 2014, 12:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » AL

     

    Think about signing up. It was a breeze..

     

    The Challenge is alive . It now needs participants >>>>
    6 Jun 2014, 12:27 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    Sorry i been a little distant just finished a hectic cycle,hope i can wind down just a bit now,hard process but we made target.It's up to production now.
    6 Jun 2014, 06:23 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Hi IT

     

    Sorry I have been absent for a while. Just read the comments above. The "soldier" appears to have walked off because he decided the war was a bad deal (maybe it was). It was a bad deal for Pat Tillman
    http://bit.ly/1p5kDcz

     

    Regarding PSEC, it may be looking up. I have been watching (BDCL) which is the 2X leveraged BDC ETF fund. I think Adam Galas mentioned it in his blog. This fund has bottomed like PSEC but has taken off. I wish I had been into it in early May. Also (RSO) is taking off. These bode well for PSEC. I will try for BDCL on a pull-back and maybe RSO too.

     

    BTW RSO IS one of the few stocks that had a 100% ttm dividend yield. This occurred at the 2008 bottom. Watch for it at the next big bottom.

     

    The stock market has been doing good. Maybe too good. I wonder if anyone has come across any interesting predictions coming up for the Friday the 13th full moon? Any worries there?
    6 Jun 2014, 11:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JW

     

    Thanks for the update. I was getting concerned about (PSEC). We might have a new poster who will chat about some of the BDC'S.

     

    I just sent him the link !
    7 Jun 2014, 10:19 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    I'll try to set up an account into the MW Challenge as time permits. My wife is coming home Tuesday and I have a ton of paperwork, as well as home modifications to do. Some of the mods will be paid for by ChampVA, which only means more paperwork and more out-ofpocket. I'm already ~$6k in, not counting Rehab Hospital bills.
    At this rate, I may be stuck playing with "Play Money" until ChampVA reimburses me.
    I'll be around.
    7 Jun 2014, 12:41 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » OW

     

    No rush, we don't start until the end of July. Family comes first !
    7 Jun 2014, 10:17 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    "Family comes first!"

     

    Oh, how true that is.

     

    And OW - take care of your wife, and do your best. :) If you lived closer, I'd come do your mods pro-bono. Watch out for them contractors - despite what they say, they're there to wring every buck out of you that they can. Get multiple estimates.
    7 Jun 2014, 10:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JBT

     

    Luckily I am not a coffee drinker. But how high does anyone think coffee could be headed? Can one take advantage investing ??

     

    Retail coffee prices rise by 9-10% !!!!

     

    Kraft (KRFT) raised prices by 10% on its product lines - Maxwell House, Yuban roast and ground coffee brands, as a result of climbing bean costs which went into effect on June 6.

     

    J.M. Smucker (SJM) has already increased prices on its retail brand's Folgers, Dunkin' Donut roast, and ground coffee products by ~9% last week. This past week the company also reported lower sales in FQ4 due to pricing actions in the quarter.
    8 Jun 2014, 10:00 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    IT,

     

    It can go as high as it takes to make people stop drinking coffee. I'd wager that's a pretty high price.
    8 Jun 2014, 03:20 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Look at what they are already willing to pay at Starbucks. Just like people will get cigarettes at any price.

     

    My long term solution would be to go to the source. Retire in Costa Rica or somewhere in Cent AM where you can get locally grown, fresh roasted coffee, and sip it at the beach as the sun comes up over the ocean horizon.
    9 Jun 2014, 11:40 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Humm.....

     

    ETF Securities and Platts throw hats in ring for silver fix

     

    The two - one a pioneer in ETFs, the other a commodities information provider - join the London Metal Exchange and CME Group in vying to provide a replacement for the silver benchmarking process.

     

    The ETF Securities proposal is based on the company's London-traded silver fund that's physically settled by the LBMA - the group looking for a replacement for the fix. "It's open, it's transparent, every bid and offer that goes into the auction can be audited and supervised," says ETF Chairman Graham Tuckwell.

     

    Open for opinions. Were the prices fixed ?? Is this just noise ?
    8 Jun 2014, 08:42 AM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    When the banks are fixing the prices, the prices ARE fixed.

     

    Solution: the “Coeur d'Alene, or Boise Idaho” silver cash price.

     

    Here is an idea. In Iowa and Illinois there are grain terminals that establish cash prices for corn and soybeans. It is based mostly on supply and demand. Growers can withhold their corn from the market for a higher price later. The buyers and the sellers (producers) should be the ones that determine price, not a consortium of cereal manufacturers like General Mills, Pepsico (Quaker Oats) and Kellogs. The producers (farmers) must be willing to withhold corn or beans from the market if the price is not fair and they can get a better price later or from another user.

     

    It should be the same way for metal producers. They have to be willing to take their destiny into their own hands.

     

    If the price established by the COMEX is below their production cost, then here is what they should do. The miners like Hecla or Coeur Mining (CDE), should buy futures contracts on the COMEX to match their production for one month; then shut down for one month; - because they can buy it on the COMEX at a price below their production cost, and then TAKE DELIVERY at the end of the month. If the COMEX and the futures market is about “PRICE DISCOVERY,” then let the producers do this and then we will really discover what the true price should be. We will also discover that the current system is a manipulation prone scam.

     

    Then after the COMEX becomes irrelevant, because it ran out of silver – it got bought up because the price was bogus - "fixed" low - then let there be a “Coeur d'Alene, or Boise Idaho” silver cash price instead of a COMEX cash price or London Fix price. Also it would be good if a western state like Idaho would establish its own mint and crank out one ounce and smaller silver content coins that would be accepted in trade and also for the coin market. Let's find out what the actual price of silver really is. That's what I would do if I had anything to do with silver mining.
    8 Jun 2014, 04:44 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    Withholding the sale of corn, wheat, etc. is a bad comparison. They are perishable.
    8 Jun 2014, 09:26 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    Perishable only if not stored properly. Dried to the proper level, grains can be stored for up to 3 years. That said, often farmers must borrow from banks to buy seed, fuel, chemicals and other needs. Futures were first devised as a way for farmers to "Pre-Sell" their crop to fund production. If they have a bad year and do not produce enough grain to fill what they contracted to sell, they must buy the difference on the open market. Similarly, if they contract to sell their future crop for too low a price, they lose possible gains to the investors who wrote the contract.
    As the guy who won $100K in the first Iowa Lottery said 'I'll pay some bills, then just keep farming until it's gone!".
    17 Jun 2014, 08:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » HUMM.....

     

    Russian companies are looking to change their U.S. dollar-denominated contracts, to renminbi, Hong Kong or Singapore dollars due to increasing western sanctions. The move shows a Russian shift towards Asia, as tension mounts between Russia, Europe, and the West. Sanctions have led Russian companies to limit their dependence on the western financial markets, and increase the importance of bilateral trade with China.

     

    DOES THIS ACTUALLY MEAN ANYTHING ??
    9 Jun 2014, 12:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » SINCE WE ARE COMING DOWN TO THE LAST FEW WEEKS OF THE CHALLENGE I AM POSTING WEEKLY THE SLUGFEST GOING ON FOR SECOND PLACE !!

     

    ** 2nd ** JohnBinTN $22,448.47 $122,448.47 22.45%
    * 3rd * FearandGreed $22,313.76 $122,313.76 22.31%

     

    PLACE YOU BET'S ON WHO WILL WIN SECOND.....
    9 Jun 2014, 01:20 PM Reply Like
  • CoinsK
    , contributor
    Comments (2828) | Send Message
     
    CoinsPlus to finish 2cnd by a nose !
    9 Jun 2014, 01:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » COINS

     

    I am betting you selling everything and going all in on (USLV) or (NUGT) at some point !

     

    Don't forget to sign up for the challenge. Only two of us so far !! Link is above for all...
    9 Jun 2014, 01:27 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    Again, I'll sign up as soon as time permits. Right now the only free time I have is when my wife is asleep. I have to babysit her like a 3 year old for now. Tremendous stress on me, as I am already disabled partly due to PTSD. I had to quit working in large part due to stress related issues. People think those of us getting disability for PTSD are just "eating at the public trough", but I had to give up over 300k/year in Earned Income, to put my life into the VA's generosity. I was luckier than most due to many investments, but many certainly never reached my level of functionality before falling.
    On the upside though, the insurance I got on my wife via ChampVA limits my annual "Out-of-pocket" medical bills, and they will possibly adapt some things in my house for her to be safe in the house. She may never drive again, and for now, she needs 24/7 oversight. Hopefully she will recover enough to again be able to eat with metal utensils.
    17 Jun 2014, 08:44 PM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    OW,

     

    If you don't mind me asking, how bad off is she?
    17 Jun 2014, 08:54 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    It's all about the “Petro-dollar” system coming to the end and the implications of it. When Russia sells gas to China it will accept payment in Yuan. No dollars will come into play. Same if Russia or Iran sell to India.

     

    Here is an article from 2012 that is still timely. It also explains why the US is so hostile toward Iran:
    The Petrodollar, Iran, and Gold—What You Need to Know
    http://bit.ly/yAxnMC

     

    The Golden Jackass, Jim Willie, has a pretty severe article that may be difficult for some people to read, but I think he is right. I know some will not like what he says because they do not want it to be true, but there appears to be “Paradigm Shift” unfolding before our eyes.
    Emerging Dynamics of Petro-Yuan Standard
    http://bit.ly/1pd2B8e

     

    And about a month ago Zero Hedge had the article, “US Threatens Russia Over Petrodollar-Busting Deal” (yes I know, don't give it any credibility just because it is “Zero Hedge”)
    http://bit.ly/1rtQ5h5
    --But ignore it at your peril. I have already started to keep cash (if I have a significant amount on the sidelines) in other alternative currencies: Australian and Canadian, have both made nice bottoms against the dollar and are now turning up. I have (FXA) and (FXC) both free trades at Schwab. I also have the Yuan (CYB) as this is starting to be a replacement for the dollar an “Energy currency.” It too has recently appeared to have made a low. The dollar just made a recent short term run and appears to have stalled out. These three will go up as the dollar goes down.

     

    The Obama and Kerry sanction efforts directed at Russia will be proved to be a joke. The Motley Fool actually had a very good short article explaining this.

     

    “Russia Wraps Its Tentacles Around the Energy Market to Become Unsanctionable”
    http://bit.ly/1pd2zNF
    As if Germany is not going to buy gas from Russia because Obama decrees that they have to observe our sanctions against Russia. Get a brain Obama.

     

    There. That is enough stuff to read for the rest of the day and answer the question about the death of the Pertrodollar. Another question to ask though is “What will be the consequences of the demise of the petrodollar convention, and how soon will we see consequences?” Watch the dollar.
    9 Jun 2014, 02:00 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JW

     

    Seems like we discussed this about a year ago. That some catalyst might set off something that we will lose control over..

     

    Is this the start ??
    9 Jun 2014, 02:20 PM Reply Like
  • Kyle10
    , contributor
    Comments (455) | Send Message
     
    Russia may accept Yuan for oil and gas, but guess what? The Yuan is pegged to the dollar! I'm not sure why these countries continue to bend over backwards for the very toxic dollar. Dump it already.

     

    Sanctions are exactly what Russia want because it'll give them an excuse to stop using the dollar, which is exactly what they want to do anyway. We are truly being led by complete morons. They must be doing this on purpose. I don't even know if it's possible for anyone to be this dumb.
    9 Jun 2014, 03:36 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Kyle
    I totally agree with your use of the word "morons", though I just checked and found that the peg ended in 2005 and now it is supposed to "float" in a narrow range.
    Renmimbi
    http://bit.ly/1pdmDPO
    China gets criticism from the US because the Renmimbi has been too low against the dollar and they complain that this gives China an unfair trade advantage. On the other hand if the Renmimbi were to increase in price against the dollar, and they were to buy up assets like real estate and materials, our leaders would complain about that too.

     

    The Renmimbi is free to fly upward against the dollar when the Chinese decide it is in their interest for it to do so.
    9 Jun 2014, 04:02 PM Reply Like
  • Kyle10
    , contributor
    Comments (455) | Send Message
     
    Thanks for that info, John. I did not realize the peg was removed. That's good to know.

     

    I don't understand why so many people think China needs us to buy their goods. They ask "who will buy Chinese-made products if not for the Americans?" Well, the Chinese of course! They are pefectly capable of consuming what they produce. Consuming is the easy part. It's not a problem at all. They can allow their currency to rise and increase their purchasing power any time they wish.

     

    How arrogant of us to believe the rest of the world needs us to consume their products because they aren't capable. How much longer will the world trade its sweat and labor in return for little green pieces of paper or numbers on a computer screen? What a joke. To think Americans actually believe this is a viable long-term strategy is just pathetic.
    9 Jun 2014, 04:23 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Kyle
    I just saw you over at "Doom & Gloom Sells" by EconMatters. Good comments by you there.
    Your views are appreciated.
    9 Jun 2014, 04:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » KYLE

     

    Welcome , and you made great points!!
    9 Jun 2014, 04:50 PM Reply Like
  • Kyle10
    , contributor
    Comments (455) | Send Message
     
    Thank you, John. I am often tempted to engage with others with whom I disagree on SA, but I usually conclude that it's a fruitless endeavor. People only wake up when they choose to.

     

    Anyway, I came across you a while ago on here and thought "wow, this guy knows what he's talking about." To find someone as enlightened as you is quite rare. Emmet Kodesh was another favorite of mine before he passed away. I hope you consider writing more articles in the future as I think your voice is truly needed.
    9 Jun 2014, 04:52 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Kyle
    I am blow away by that. I was/am a reader & follower of Emmet too. By the way I am in the beginning stage of an article intertwining the discussion of the dollar particularly in its role as the petrodollar, and this Ukraine matter with the Russia/China gas deal, and how these may be a more significant factor for gold, than QE or inflation. The wild card is the possibility of deflation due to collapse of soverlleign debt. Things are already crazy but are still holding together. We'll see.
    9 Jun 2014, 05:13 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » KYLE

     

    My blog is open to anything you want to discuss. Please feel free to engage any topic you want and to invite as many newbies as well.

     

    I don't get paid in dollars here, but the education is priceless !!
    9 Jun 2014, 05:29 PM Reply Like
  • Kyle10
    , contributor
    Comments (455) | Send Message
     
    Interesting Times,

     

    Thank you! This is exactly what I've been searching for in hopes of having some intelligent discussions. The mainstream media will make you feel like you're losing your mind. It's blogs like this that help us keep our sanity.
    9 Jun 2014, 08:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » kYLE

     

    All I try to do is moderate. Were all pretty civil. Some have become on line friends though PM'S..

     

    But this isn't all about stocks. I try to look at what is happening in the world and learn from those who experienced it before.

     

    Manipulated gold and silver for instance. Is it true? How long has it been going on? I own some physical metals and guys like JW open my eyes why I should not sell it.

     

    Then we have the BDC'S that I had no clue about. I am not a trader, some who post here are. Some get bored and leave. It is up to you what you want to bring to the table.

     

    Consider the portfolio challenge that resets in August and you can sign up now. It's free and JBT did all the hard work for us. I am eternally grateful to him..
    9 Jun 2014, 09:11 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    It is a “Paradigm Shifting” unfolding before our eyes. (per the Golden Jackass). Ukraine and the Russia/China gas deal is the Waterloo event for the US dollar.

     

    Now if the Saudis oil starts to run dry or if they have a regime change over there (probably unlikely) then this petrodollar demise would really start to accelerate.
    9 Jun 2014, 02:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JUST WHEN YOU THOUGHT THE WATERS WERE SAFE !!

     

    Fannie survey: Housing recovery fading ..........

     

    http://seekingalpha.co...
    9 Jun 2014, 05:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » NOW FOR THE GOLD BUGS..

     

    Speculators exit gold longs >>>>>>

     

    Alongside the decline in gold prices to levels not seen since January is a sharp fall in speculative long bets on the metal to levels not seen since January. According to CFTC data (as reflected in this great graphic from Reuters), pros are net long 51K gold contracts, nearly 100K less than 3 months ago.
    9 Jun 2014, 05:35 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » I KNOW I HAVE DISCUSSD THIS BEFORE BUT BOY DO I HAVE AN ISSUE WITH THIS !!

     

    http://huff.to/1xAsMrQ

     

    Do the police really need this ?? This could end badly...
    9 Jun 2014, 09:46 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    F* the police.

     

    ;)
    9 Jun 2014, 10:20 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JBT

     

    Has the .22 bullets loosened up at all down south ? Still a tough buy up here for a brick,,
    9 Jun 2014, 11:15 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    It's not a problem down here anymore - (WMT) is fully stocked, and even has AR's again. Gotta keep the southern gun nuts content, or they get unstable.
    10 Jun 2014, 07:23 AM Reply Like
  • CoinsK
    , contributor
    Comments (2828) | Send Message
     
    How else can they enforce Agenda 21 ? http://bit.ly/1l3Js0R

     

    http://bit.ly/1l3Js0S#
    10 Jun 2014, 07:35 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » COINS

     

    I see at the open gold and silver as well as platinum and palladium are heading north. Why ?

     

    Open to all !!
    10 Jun 2014, 09:38 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    Ammo of every type imaginable is available out here in the Southwest. Here in New Mexico, you can even buy assault Rifles at Yard sales and Flea Markets, not to mention accessories like ammo, scopes, and if you are trusted, the sky is pretty much the limit.
    I have a friend who, through a VA clause, had the VA buy him all the equipment needed to manufacture firearms. Silencers anyone??? Perhaps that coyote out there can only be stopped by a .460 Weatherby clone. We do have bears come into town every Fall. Pumas occasionally as well. I saw Puma tracks along the Rio Grande less than a mile from my house about 10 years ago. A fire along the river about 5 miles from my house about 3 years ago chased 2 Pumas and a bear out of the "Bosque" (the groves along rivers like the Rio Grande) just about 5 miles from my house.
    My next "Home Improvement" project may well include a B-17 type Turret atop my house <grin>.
    17 Jun 2014, 09:04 PM Reply Like
  • CoinsK
    , contributor
    Comments (2828) | Send Message
     
    WE are trying to buy up the bullets to keep the hoarders from getting all of them. :)
    10 Jun 2014, 07:36 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » THE METALS ARE ON FIRE AT THE OPEN..I WONDER WHY ??
    10 Jun 2014, 09:32 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    Stable to edging up all week.

     

    I think it has to do more with graduation season, vacations, and then all of a sudden, someone goes home sick, and the bullion bank in charge this week to trigger massive sell-offs in paper at just the right moment isn't available to handle these transactions, thus the gold price drifts upward. They should get things under control in a week or two.

     

    I guess that's sentiment for you?!?!?!?
    12 Jun 2014, 10:43 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Prospect wins appeal with SEC; no restatement necessary !!!

     

    (PSEC) should soon begin to rise again. Anyone who added shares on the dip will be rewarded>>>

     

    http://bit.ly/1pi6AQU
    10 Jun 2014, 10:50 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    Light through the trees? It's about time - some kind of good news was due.
    11 Jun 2014, 08:47 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JBT

     

    Wish I was financially in a situation to load up on it. But I have to be conservative. What little I did add well eventually help down the road though..
    11 Jun 2014, 08:56 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    The good thing about dividend payers is that they pay you to wait sometimes... I'll continue to hold, even though it's one of my "stinkers". :)
    11 Jun 2014, 08:59 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » I think that "stinker" might turn around and be a decent one soon for you. I do like the dividend stream though.. Monthly is nice as I have it ear marked for my retirement ..
    11 Jun 2014, 09:02 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    Hopefully. I've seen it before with stocks I've held in the past. I held (HD) and it had a 60%+ loss at one point during that hold. Sold it for a little better than a double a couple of years ago.

     

    Fun stuff, money...
    11 Jun 2014, 10:24 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Where did everybody go ?? Is this the stop posting in May and go away deal >>>>>
    11 Jun 2014, 04:59 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    IT, JBT RE: (PSEC) didn't you believe what I said up above on June 6?
    14 Jun 2014, 08:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JW

     

    Remember a few days ago I PM'D you about a few books to read. You responded about the Trillion Dollar Conspiracy.

     

    Well I checked the price on Amazon and then last night I opened up my Kindle and it was there !!!

     

    Wonder if I am getting a free chapter to read BEFORE I have to pay for it? I had knee surgery on Friday morning so thought maybe by mistake I ordered it under my meds:) But it does not show up in my history.

     

    Very Interesting !!
    14 Jun 2014, 08:23 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    I thought maybe you bought it a year ago and then forgot about it.
    14 Jun 2014, 09:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Actually I did . It says I bought it in July last year . However when I did a search on Amazon's home page none of the books I bought showed up.

     

    Don't buy many books through Kindle. So when I saw none of them showing up in my history I then typed in the book and then it said it was bought and the amount.

     

    The only thing I think could be happening is that I bought this Kindle from my daughter when she upgraded. So maybe the history is in her account although the payment is on my charge card ?

     

    No biggie, but just confusing as the few books I did buy do not show up on line using Amazon's home page so I thought something was wrong..

     

    Still do.
    15 Jun 2014, 01:58 AM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Log in to your Amazon account.
    Under "Your Account," click on "Manage Your Content & Devices" and you should see a list of all books you have bought.

     

    If you need to "deliver" it to your Kindle, select the book and then choose an option such as "deliver" which should sent it to your Kindle.
    15 Jun 2014, 05:25 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JW

     

    Bingo !!

     

    Thanks >>
    16 Jun 2014, 11:43 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » AS THEY TURN FOR HOME!! DOWN THE STRETCH..

     

    ** 2nd ** FearandGreed $24,591.92 $124,591.92 24.59%
    * 3rd * JohnBinTN $21,764.92 $121,764.92 21.76%
    11 Jun 2014, 11:05 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    I think F&G's got 2nd wrapped up after today...
    11 Jun 2014, 07:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Don't throw in the towel just yet ! It can swing the opposite one day....
    11 Jun 2014, 08:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » I BORROWED THIS POST FROM ANOTHER LINK. FOUND IT INTERESTING !!

     

    "OPEC is not doing much of anything as issues in the Middle East continue to cloud up the stability. How come no one is talking about the details of Iraq's instability?

     

    The Taliban took over another city and it doesn't look like independence is holding up in Iraq. If we spent a Trillion Dollars for the restructuring of that county (plus the lives lost in the War), we should be seeing better results than what is happening."

     

    any thoughts ??
    12 Jun 2014, 12:59 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    With the exceptions of Persia and Egypt, very few (for lack of a better name) Arabs have a sense of National Identity, as most middle east countries' borders were established rather randomly by the British Colonials in the early 20th century.
    Mostly their identities follow Tribal/Religious lines. I am not trying to be critical of them, just stating my observations as well as my research over the years. It is probably impossible to create a "Western" style government in any country created in such a way. The Kurds have an area where they have historically settled in Iraq/Turkey. Turkey's southwest borders have no real geographic boundry such as a river or mountain range. Much of the middle east similarly have no geographical boundaries except the Oceans.
    All this considered, it should never be up to the US to try to establish governments, borders, or anything else so long as we can find ways to get along with whoever controls semi-independent regions. We need to just let them sort out their own "Houses", and only get involved when/if we have some legitimate interest such as (for example) keeping the Pirates off our ships, and sea lanes open.
    We will be paying residual costs of Bush's "Adventures" there for another 40-50+ years as it is, as we try to heal the Wounded Warriors. Enough already.
    IMO it's even a bit of a stretch for us to defend Israel, as they can afford to buy the necessary weapons themselves by and large.
    I was just reading on Bloomberg that the Kurds now control the large oilfields that the current Iraq government has abandoned. They have their own pipeline into Turkey, and if they can secure it and keep it open, they will become perhaps as wealthy as most of the other oil exporters in the region. If we can avoid meddling in others affairs, perhaps they will gain some respect for us and leave us alone as well. Our problems with Iran were the result of our meddling with their governance post WW2.
    There will always be certain "Outlaw" elements that must be dealt with, but never again should we try to set up "Puppet" governments; whether it be in the middle east, central or south America, or wherever. It ALWAYS ends badly eventually.
    17 Jun 2014, 09:49 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » STOCK MARKET DROPPING DUE TO ECONOMIC WOES AND IRAQ!!

     

    http://bloom.bg/1iraRdd

     

    Any validity or just a normal pullback?
    12 Jun 2014, 01:11 PM Reply Like
  • indianamark
    , contributor
    Comments (2068) | Send Message
     
    I have been saying the bottom was in in silver. Today's action seems to validate it. 7 times they have tried for a new low but the June '13 low has held. Since the end of February the Tech guys have gone short 135 million ounces of silver for a total of 210 million ounce short position, a new record.

     

    J P Morgan reduced their short position to 70 million ounces, almost the lowest ever. I can't think of a more bullish set-up.

     

    Glad I doubled my NUGT position last week. It's up over 6% today. It has a long,long way to go.
    12 Jun 2014, 02:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » INDIANA

     

    So you believe that since the bottom for silver is in then the same holds true for gold??
    12 Jun 2014, 02:44 PM Reply Like
  • indianamark
    , contributor
    Comments (2068) | Send Message
     
    Yes.
    12 Jun 2014, 03:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » Boy I hope we don't put troops on the ground again in Iraq !!

     

    Those supposedly in control are running like chickens. We sure did a great job stabilizing that location didn't we..
    12 Jun 2014, 03:05 PM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    Doubt the current administration will. And the country wouldn't go for it - they were beating the war drums last summer about Syria and couldn't muster support. I was arguing at the time that helping the "rebels" in Syria to beat Assad was a bad idea - ISIS, the group currently overunning Iraq, is a part of those "rebels" that Obama, Kerry, McCain, and the rest of the government were arguing that we had to help at the time.

     

    My bet would be on airstrikes at most (I hope).

     

    I read a WSJ article today that claims that Iran is scared enough of ISIS that they're sending in their version of special forces to help out Iraq but can no longer read it for free. Link for anyone who's got an account:

     

    http://on.wsj.com/1xQ0j1j

     

    Link to The Guardian's live feed (the only thing that paper is good for):

     

    http://bit.ly/1xQ0j1n
    12 Jun 2014, 04:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » USER

     

    Isn't it funny that the people we help out usually use those weapons against us !!
    12 Jun 2014, 05:18 PM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    It,

     

    Saddam was not a very nice person. Nor was Khadaffi. Nor is Assad. But I am not sure that the people that we've been helping out are much appreciative of our efforts or ever will be.

     

    I bet John W. will have his own comments to add if he reads this, but here's a link I gave to someone that I was debating back on April 24.

     

    http://bit.ly/1f9P2CC

     

    My original argument was about Ukraine, but that link is easy enough to extrapolate from how the "Arab Spring" got started.

     

    I argue, and will still argue, that our current president put a bunch of people in charge of any policy that he might have in mind (even the ones he's disinterested in) and sat back and let whoever have at it until there's a crisis.

     

    Then he has to deal with it and we have seen the results. All blow, no show.
    12 Jun 2014, 07:17 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (616) | Send Message
     
    Send in General Bergdahl to lead the US troops into Baghdad.
    12 Jun 2014, 09:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » OAG

     

    Good one !!!
    12 Jun 2014, 11:57 PM Reply Like
  • indianamark
    , contributor
    Comments (2068) | Send Message
     
    First they have to find Baghdad Bob.
    13 Jun 2014, 09:57 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » USER

     

    You concerned about (PSEC) with this bankruptcy issue ?

     

    http://seekingalpha.co...

     

    Open to all !!!
    13 Jun 2014, 04:26 PM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    IT,

     

    Hello again and happy Friday! Two conflicting articles:

     

    http://seekingalpha.co...

     

    http://seekingalpha.co...

     

    I'm glad the sec stuff is pretty much over. I would point out that the guy who wrote the first article has never had anything good to say about psec. And I believe the second article points out that that deal was worth about $0.10 to the nav.

     

    So, I think today's reversal was overblown. Still doesn't mean that I like their dividend policy. I'd rather them freeze the dividend raises until they can definitively cover it or even would prefer it to be lower and more conservative and give end of the year special dividends with excess cash.

     

    Anywho, their business is basically making high risk loans, so there's going to be defaulters here and there.
    13 Jun 2014, 05:25 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    User

     

    I do have a comment on Iraq. Looks like a repeat of Viet Nam where our power elite spent 10 years and billions of dollars and killed hundreds of thousands of Vietnamese to save them from Communism only to have the country fall to communism in the end.

     

    Iraq is in danger of the same results:

     

    After 10 years, Iraq may fall to the insurgents - ISIS, after we "saved" them from Saddam.

     

    WAIT A MINUTE HERE. IRAQ DIDN'T EVEN HAVE INSURGENTS UNTIL WE "SAVED" THEM FROM SADDAM. Oh yeah, Iraq was a training base for Al Qaeda except that was a lie. Now it may become true.

     

    This is what I have posted back on the "Conspiracy" blog a year ago:
    "... just two wars that cost about 1.5 trillion"
    http://costofwar.com
    6,700 US servicemen&women killed. 50,000 wounded.
    100s of thousands of Iraqi and Afgans killed.
    At least one service person suicide a day, tens of thousands of PTSD cases.
    The cost is immeasurable.

     

    They accomplished their agenda: CONTROL.
    We have a new department: Homeland Security. We have the TSA groping goons with their backscatter radiation scanners. The police and sheriffs departments have become militarized. Swat teams have become death squads.

     

    US is bankrupt now because of it.
    Why can George Bush still appear in public without being splattered and covered with rotten eggs and tomatoes?

     

    How do I think this will effect markets?
    1. Probably energy producers will benefit;
    2. Certain currencies will benefit (see my comment above), and others will not benefit, (US and Euro)
    3. Gold and silver will at least be supported;
    4. Good time to buy some silver eagles, or Canadian Maple leafs or "silver rounds"

     

    Result of Bush/Obama foreign policy and nation building:
    Destruction, Chaos and debt.
    14 Jun 2014, 09:03 PM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    JW,

     

    And most of your thoughts get no disagreement from me. Except maybe the Vietnam bit - this is something different.

     

    1. Saw this coming (not Iraq, just the trend of energy) - wish I had bought more into energy in late winter.

     

    2. I know little to nothing about various currencies.

     

    3 & 4. I know little to nothing about pm's or how to trade them.

     

    (NDP) - has the best fund name and I surely wish I had held onto it instead of taking a quick profit. I may buy back in over the summer.

     

    "We have the TSA groping goons with their backscatter radiation scanners."

     

    For you or anyone else, who has a strong constitution and a maturity level higher than mine, the finest music video ever made:

     

    http://bit.ly/1pYQbPf
    14 Jun 2014, 09:24 PM Reply Like
  • Kyle10
    , contributor
    Comments (455) | Send Message
     
    I bet our so-called leaders will wait until things get worse in Iraq and then they can go ahead and strike Iraq AND Syria, which is what they really wanted to do all along to clear the way for pipelines to carry Saudi and Qatari energy to Europe.

     

    The Saudis are getting pretty angry with us for not eliminating their enemies. We are apparently not keeping up our end of the deal, in which we act for them militarily in exchange for them selling oil for dollars and recylcing profits into Treasury bonds.
    16 Jun 2014, 09:51 AM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    No, no. We'll bomb Assad because, you know, wmds and the rebels are moderates. We'll bomb militants in Iraq because it's Al Queda on steroids.

     

    Nevermind that ISIS has been in both countries for the last couple of years chopping off heads and such.
    16 Jun 2014, 10:57 AM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    Kyle-
    Yup, that's what intervening in Syria was about - cutting off the possibility of gas from Iran (Shiite Gas Pipeline) coming into Europe, in favor of protecting Saudi supply of gas to Europe.

     

    User: good point about ISIS above:
    "... ISIS, the group currently overunning Iraq, is a part of those "rebels" that Obama, Kerry, McCain, and the rest of the government were arguing that we had to help at the time."

     

    This guy in his article, "Syria, Pipeline Politics, OPEC & the USDollar: Jim Willie" (The Golden Jackass) saw this coming back in Sept 2013. The article explains the US's motivations and strategic interest vey well.
    http://bit.ly/SNDZ7L

     

    -Even ties in with Cyprus
    I am thinking that fall-out of these events will be first of all a continuing demise of the dollar (end of Petro-dollar system) and if PMs go up it will be a secondary reaction to the main event - the dollar dropping below its present long term support.
    16 Jun 2014, 11:34 AM Reply Like
  • User 7415181
    , contributor
    Comments (487) | Send Message
     
    JW,

     

    I think you might like this site:

     

    http://bit.ly/1lfoek0

     

    Not so much for the opinions on their own, but because there are plenty of links from the opinion articles.
    16 Jun 2014, 11:45 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » INDIANA

     

    So when do you expect the metals to start to spike ? What will be the catalyst ??
    16 Jun 2014, 12:10 PM Reply Like
  • John Wilson
    , contributor
    Comments (739) | Send Message
     
    This link is for the complete article.
    Points: when OPEC is gone, and Saudi Oil fields are being depleted, the Petro-dollar convention will crumble. No Saudi Oil, no Petro-dollar;
    Cyprus was an attack on Russian use of Cyprus system for gas & oil trade payments.
    http://bit.ly/18ATbGg
    16 Jun 2014, 12:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » JW

     

    Just opened a new chapter. Want to post it there??

     

    Thanks !

     

    Would be a great conversation piece for the next chapter. That Trillion Dollar book was a great choice..
    16 Jun 2014, 12:34 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2078) | Send Message
     
    Obama, as incompetent as he is, is still determined to get most US troops out of Afghan by year's end. With luck, he will be unable to generate support for further US "Adventures".
    If we can de-fang the Military enough to keep them from using their fancy "Toys", we should actually fall into a reasonable foreign policy-That of not playing "Policeman" out of our own jurisdiction.
    I am just glad that as unpopular as the Middle East wars have become; that the public does not blame the soldiers as happened in my generation.

     

    Old Soldiers Never Die - Young ones Do.

     

    Eisenhower warned us against the "Military Industrial Complex". Now at last we just "might" get a leash on it. Pray we can hold that leash.
    17 Jun 2014, 10:09 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » So when do they blame the POLAR VORTEX for this cooling down of sales.

     

    http://bloom.bg/1xQbAP9
    12 Jun 2014, 05:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » This ain't good news. Ukraine plane shot down...

     

    http://bloom.bg/1sdLSnq

     

    Lets see if the metals respond on Monday
    14 Jun 2014, 06:12 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » So now we have a Battleship near Iraq...Just another scare tactic or are we getting ready for some Jets to fly around?

     

    Another line in the sand move ?

     

    Thoughts..
    14 Jun 2014, 08:25 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    OIL,OIL & OIL !
    15 Jun 2014, 07:15 PM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    & GOLD
    16 Jun 2014, 07:59 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » @AL

     

    Welcome back...

     

    EVERYONE.. Don't forget to sign up for the second challenge...
    16 Jun 2014, 11:46 AM Reply Like
  • al roman
    , contributor
    Comments (6012) | Send Message
     
    My biggest fear has always been Mesopotamia,but we shall overcome.That is why i kept pushing $UIL they performed like a powerhouse should through 2008,does't hurt to have a Backbone.
    Putin & the Chinese need to get over it and tighten the leash on Persia,we don't need to take that turn,no need for it.
    19 Jun 2014, 08:17 AM Reply Like
  • Kyle10
    , contributor
    Comments (455) | Send Message
     
    This is all absolutely perfect for our central planners. 1Q14 was obviously weak because of the super snowy winter, and now we have all this "tension" in Iraq and elsewhere causing a spike in oil prices, which will destroy the average consumer. So of course we were on pace for like 4% GDP growth this quarter, but gosh darn it, all these unfortunate, unforseen events got in the way of the "economic recovery" which was just about to reach "escape velocity" until all this stuff happened.
    16 Jun 2014, 09:44 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » KYLE

     

    Somehow that POLAR VORTEX will catch some blame for the Middle East issues..
    16 Jun 2014, 11:45 AM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » (PSEC)...Is the correction over already ???
    16 Jun 2014, 12:08 PM Reply Like
  • Interesting Times
    , contributor
    Comments (306) | Send Message
     
    Author’s reply » MOVING ON TO THE NEXT CHAPTER...

     

    http://seekingalpha.co...
    16 Jun 2014, 12:29 PM Reply Like
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