Silver 'Misbehaves' in Recent Rally: Time to Buy [View article]
Bernard: It really comes down to how much you trust your government. In a smoothly running world with the stocks and paper products actually being honest products you would be safe with them (although the largest silver short also runs the silver ETF SLV so you decide how honest that relationship is)! In a crisis anything but physical possession of your asset is subject to interference in a myriad of ways and even physical possession is subject to a forceful confiscation attempt. You takes your pick and you makes your choice. Personally, I trust nothing about the market or, in particular, government at this point in time and for a long time to come. They will be glad to repossess your hope and leave you with a tiny bit of change. Forewarned is half an octopus. Cheers.
If it is true the government or the fed is actually behind the manipulation of the precious metals on the comex then the chance the cftc will actually enforce the law or otherwise regulate the banks' short positions is precisely zero.
New York AG Report: Wall Street Stole Bonuses from Taxpayers [View article]
Dr. Seuss: Are you even awake? You say "they show their appreciation by negotiating an arrangement that rewards me a small piece of the profits" but, contract or not, even your argument requires PROFITS, not huge losses. A % of the losses would not exactly be a bonus.
Personally, I reach the opposite conclusion regarding the future of gold as I believe the government must inflate or default. However, I very much welcome reading analysis such as this because it is clear that no one KNOWS what will happen. So, Alan, keep thinking about it and writing about it. In a few years we will all know; it's the interim that is challenging, as always.
And what about congress for fluttering about like a flock of headless turkeys, understanding and caring about nothing but their own reelection and blindly rushing in to "emergency" action without a thought as to the actual consequences down the road? Seems to me all the other candidates are left in the dust by this clueless bunch. Our leaders. The country may survive but it won't prosper. This is far too much of a handicap to overcome - unless the rest of the world does even worse, which is not out of the question. Cheers.
A good post, MichaelZZ but, of course, impossible.
"Congress should accept most of the responsibility for creating the economic atmospheric conditions that enabled the abuse." Good one. Have you read what these goats have been saying? For almost all, the only reality is "what will get me reelected" and accepting responsibility, i.e. blame, for ANYTHING is not on their radar. Sell the necessity of pain to an electorate that perceives nothing wrong with hanging the financial tsunami of the national debt on succeeding generations? They're more likely to vote to spend a bunch on powerball tickets.
In short, any plan that does not take the multitudinous shortcomings of those serving in congress into account is a non-starter. But thanks for the post. Liver
Why TransCanada Wants a Palin Victory [View article]
Steve's comment is to the point and there is at least on other point. BP & Conoco gave every indication they thought they were the only ballgame in town and running the show until Palin's administration made it clear they were not. Whereupon BP/Conoco started running commercials statewide promoting their "already functioning" pipeline company - until the legislative vote on the Trans Canada bid. Now they're a lot less interested. Their bluff was called and, too late, they realized they were no longer dealing with Murkowski.
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Latest | Highest ratedSilver 'Misbehaves' in Recent Rally: Time to Buy [View article]
Your ETF-silver is For Sale [View instapost]
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"Congress should accept most of the responsibility for creating the economic atmospheric conditions that enabled the abuse." Good one. Have you read what these goats have been saying? For almost all, the only reality is "what will get me reelected" and accepting responsibility, i.e. blame, for ANYTHING is not on their radar. Sell the necessity of pain to an electorate that perceives nothing wrong with hanging the financial tsunami of the national debt on succeeding generations? They're more likely to vote to spend a bunch on powerball tickets.
In short, any plan that does not take the multitudinous shortcomings of those serving in congress into account is a non-starter. But thanks for the post. Liver
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