mark mchugh

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    • Sun Sep 7th 02:26 AM | Rating: 0 0
      Commented on:
      Gold Futures' Dirty Secret (Part II)
      Thanks Lionheart!
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    • Sat Sep 6th 09:21 AM | Rating: 0 0
      Commented on:
      The Treasury Bull Is Alive and Kicking
      Hey Enemy,

      Can you really get physical delivery of futures contracts? I've been trying with no success. Could you provide some details (like broker, costs and arrangements).

      thanks
      View article »
    • Fri Sep 5th 23:49 PM | Rating: 0 0
      Commented on:
      The $64 Trillion Question: What's the Dollar Really Worth?
      Marc,
      Thanks for putting the strong dollar psychosis in perspective. And you did it without even pointing out that we are the world's biggest debtor nation, whose only salvation plan is printing more paper.
      View article »
    • Fri Sep 5th 23:13 PM | Rating: 0 0
      Commented on:
      The Treasury Bull Is Alive and Kicking
      Dear Mish,

      Please sell your deflationary thesis to Doctors, Hospitals, Drug companies, utilities and grocery stores. Cause they ain't buying it (and neither am I).

      Is there deflation in non-necessities? Sure. Would anyone expect otherwise in a country with an insolvent banking system? Are you really unable to connect the dots? "Land prices" haven't dropped; land financing has evaporated. If you were raised in this country, you should remember that, until very recently, no one would finance raw land (you needed cash). Skewing the price of dirt by financing it was one of the root causes of the housing bubble.

      Although the banking system is insolvent, it will not fail. We will continue to devalue the currency until we reach the Wile E. Coyote moment.

      When you can exchange something for crap, that something is, by definition is worth crap. So the TAF, the TSLF, and the PDCF should tell you (and the world) that US treasuries and the dollar are worth crap.
      True, treasuries will never default until we run out of ink, but that is precisely why hyperinflation is inevitable.

      Take a look around, Mish, the retail investor gets more right than bozo's like you.
      View article »
    • Fri Sep 5th 11:24 AM | Rating: 0 0
      Commented on:
      Gold Futures' Dirty Secret (Part II)
      Thanks for the articles Nicholas. There are two points I'd like to see addressed. For about a month now. I've been trying to figure out how to buy a futures contract and take physical delivery. I can not find a broker that facilitates delivery, and I have written the CFTC and received no reply. The report to the CFTC in 2004 that concluded there was no price manipulation also stated that it could see no obstacles preventing individuals for buying silver at market price. Let me assure every last one of you, there are big, big obstacles that no one is talking about.

      The second question I have is are there any obstacles preventing the PM ETFs from selling futures contracts against there own holdings? The ETFs don't have any real interest in the metals price going up. But selling contracts against there holding would be a great way to generate cash, right? Especially, when you consider that physically losing the metal is virtually impossible at the COMEX, because physical delivery is about as common as the Chicago Cubs winning the world series.
      View article »
    • Thu Sep 4th 06:51 AM | Rating: 0 0
      Commented on:
      Dichotomy in W. European Gold and Silver Prices
      NO CLH,
      Losers make sure they're first to post on articles when they have nothing to say. Good luck with your strong dollar!

      When the investing public can buy bullion near spot, all this talk will stop, but that is simply not happening.
      View article »
    • Thu Aug 28th 23:05 PM | Rating: 0 0
      Commented on:
      How to Explain Fiat Currency to Silverbugs
      First off genius, your Morgan went up 906%, not 90% (or else it would be worth $1.90). Google "how to calculate simple percentage."

      Let's use an example of four 1964 silver quarters (that equals one dollar, Otto) that silver is worth $9.95 today or 895% more in just 44 years.

      1) Ask Otto if he has any idea how to calculate the annualized return on the silver contained in the coins.

      2) When you get tired of waiting, tell him it's 5.36% (not to shabby for throwing quarters in an old coffee can). The 30 year treasury yield is 4.57% right now. That means the dollar has been losing 5.1% annually (take a pre-algebra class if you want to know how to figure that out).

      The good old days of the dollar only losing 5.1% annually are gone forever. You see Otto, there's this monetary phenomenon called hyperinflation (wikipedia can tell you more). It's what happens when a government with a fiat currency pretends it can solve it's problems buy simply printing more money. Do some research on Zimbabwe.

      What you still fail to understand is silver and gold bugs actually don't want anything like that to happen. It is the storm track we are on and manipulating PM only fools people who can't do math or reason, and that is accelerating our demise.

      This is like trying to explain calculus to a five year old. What am I doing?

      Good night, all

      Goodbye, Otto
      View article »
    • Thu Aug 28th 20:44 PM | Rating: 0 0
      Commented on:
      How to Explain Fiat Currency to Silverbugs
      Otto proves once again that his skull is impervious to facts and reality.
      View article »
    • Wed Aug 27th 23:40 PM | Rating: 0 0
      Commented on:
      The Economics of Political Spin
      Well, I'm better off than I was eight years ago. Ya know why? HDTV and fast internet. I mean, when you watch baseball now, you can really see the people behind the batter. And I don't want those damn democrats to bring back dial-up.

      And speaking of TV, I heard Cramer's next book is going to be called, "Watch TV - cause there's nothing else to do."


      Hope your not mad at me, Fitz.
      View article »
    • Wed Aug 27th 19:31 PM | Rating: 0 0
      Commented on:
      Sorry, There Is No Silver Conspiracy
      This is not really happening.

      You have now officially become the stupidest person I've ever encountered. When the short interest dropped in 2005, silver doubled in the next six months.

      That's like saying cutting the dividend doesn't make a stock drop by 50%, because it didn't all happen on the same trading day.

      Seriously though, you have clued me in to a very powerful buy signal.
      View article »
    • Wed Aug 27th 15:05 PM | Rating: 0 0
      Commented on:
      Sorry, There Is No Silver Conspiracy
      OK Otto, since you still can't read your own charts, I'll read them for you. Your first chart shows that the concentration of net commercial shorts has changed dramatically (fewer players shorting more). The concentration has tripled from previous levels, and you don't even bother to theorize why. Good work!

      The second chart tells me that every time the commercial net short positions as a percentage of open interest dropped below about 35%, it was immediately followed by a surge in the silver price. Here in the states, we call that "cause and effect".

      Without these few large commercial shorts, silver would be much higher than it is. If you really want to put on your investigative journalist cap, ask the question, "Do these guys really have the silver to back up their positions?" I remain convinced, that they do not.
      View article »
    • Wed Aug 27th 13:20 PM | Rating: 0 0
      Commented on:
      Sorry, There Is No Silver Conspiracy
      Q: Hey Otto, why do conspiracy theorist wear tin-foil hats?

      A: Because our bullion dealers don't have any silver.
      View article »
    • Wed Aug 27th 10:57 AM | Rating: 0 0
      Commented on:
      Sorry, There Is No Silver Conspiracy
      Dude, if you could read charts, even a little, you'd understand what you were looking at. You went all the way to 2005, very impressive.

      You've completely misunderstood everything about precious metals, who buys them, and why. Metals should reflect the state of fiscal discipline (or lack thereof) of governments, their currencies, and central banks. Gold and silver are barometers to tell idiots that they're in trouble. Suppressing those prices is giving license for the Fed to engage in moral hazard and passing it off as "innovative policy". Every passing day this continues, our grandchildren are that much closer to becoming slaves.

      Way to completely miss the point.
      View article »
    • Tue Aug 26th 09:14 AM | Rating: 0 0
      Commented on:
      Precious Metals: Emotions Still Stronger Than Fundamentals
      I am curious about these geniuses, who had gold, but sold it and bought the "strong dollar" and so forth. I don't go around posting on investments that I have no interest in, yet you seem compelled to do so. Why?

      Does anyone here believe Shark has a Rolex?
      View article »
    • Sun Aug 24th 12:03 PM | Rating: 0 0
      Commented on:
      The Disconnect Between Supply and Demand in Gold & Silver Markets
      Tim T,

      I think what Conrad and others have proven here is that manipulation of the precious metals prices is possible, and really not too difficult. What you are reading here is a playbook for how it might be done. No one has access to the CFTC records to prove ant of it.

      Say you had 100 shares of SLV. You could sell them for $1326. 100 oz. sliver bars on ebay are selling for over $1600 (go look). Keep in mind, this is a purchase from a complete stranger, so paying a 20%+ premium to "market" value seems odd, don't you think.

      So, if you could buy at spot price, you could flip them immediately on ebay for a 20% profit, which we would all be doing, instead of blogging., if we could buy physical silver close to spot, which we can't.

      So here we are.
      View article »
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