Last week Dick Bove pounds the table on bank stocks an GS. Today he cuts GS.. Even an old dog can wake up. What if he saw the comments here or read zerohedge ? Could he handle a shock like that ? Oh well, glad Mcclellen didn't get gold right. pok
An important thing effecting the price of both paper an real gold is the current lease rates. Right now the rate is at all time record levels and that is extremely bearish for gold.
I am not comfortable on these computers as I am an OLD timer an I needed my neighbors daughter to get me a picture on SA,but, those who can zip around can here a wonderful interview with Mr Mcclellen on yesterdays Bloomberg t/v show. I know how to copy an paste some things ,but, didn't know how to get that one,but, I am sure the computer wiz people here can get it.
He is the son of thee Mcclellen of oscillator fame ,but, his firm is tops in forcasting an he brilliantly explains how the lease rates determine golds price. For gold holders it's a must. pok
FPA, don't under estimate what great collateral real PMs make. Banks will hold them free an lend aginst them ! A win win for you and rates are cheap for solid collateral like PMs. There are juicy foreign Gov bonds with high rates. A giant spread can be had !
People has anyone noticed that since Mr Draghi has taken over the Euro has dropped steadily ? Today MS said that after 5 major EU events the only thing that we need is luck ! Only luck can help now. How authoritative.
Democrats and the GOP are considering boosting the fees that Fannie (FNMA.OB) and Freddie (FMCC.OB) collect from lenders as a way to finance the payroll tax cut. The idea could raise up to $38B over 10 years, but critics say the costs would be passed onto borrowers. Others don't want the giants to be used as a "slush fund." [View news story]
What makes you think the new guys/gals won't follow ! Power corrupts and the only hope is a constitution change for term limits. One term an out or it will never change an the Supreme Court has ruled it isn't valid currently for term limits,so, it will be a monster task an not likely to happen. We might see the poor rise up an try an keep Obama for 12 more years ! SAD.............
Reuters reports 9 countries have joined the 17 eurozone countries in drafting a new treaty for fiscal union. That makes 26, leaving the U.K. as the only opt-out for now. It's important to realize 26 European parliaments/populaces have yet to have their say. [View news story]
Bravo, I have only see a few , but, you did a good job on his bio. Maybe he works with Zakaria an other Obama operatives.
The door is opened for an even harder line against those protesting a $4.8B gold and copper mine to be opened by Newmont (NEM) and Buenaventura (BVN) in Peru after Salomon Lerner - arguably the 2nd most powerful man in government - resigns. President Humala - who would have sided with the protesters a few years back - this week ordered the military to step in against the demonstrators. [View news story]
Why I always warn miners are not the same as buying real PMs. Law suits an gov takeovers too. Not just indigenous peoples !
Dr Ferguson's 6 part series is worth a look. While it's still available. Watch the first show an you'll understand why LA indigenous peoples don't want mining !
Democrats and the GOP are considering boosting the fees that Fannie (FNMA.OB) and Freddie (FMCC.OB) collect from lenders as a way to finance the payroll tax cut. The idea could raise up to $38B over 10 years, but critics say the costs would be passed onto borrowers. Others don't want the giants to be used as a "slush fund." [View news story]
Politicians don't create jobs. Real Estate taxes are coming down an millions of appeals will be filed in 2012 to reduce taxes.There is the gorilla ready to climb into the deficit ring. Local an States will continue to cut jobs an services !
And,prices are still dropping an another 4.5% this year is possible. Cities that were not involved are seeing there time has come. http://yhoo.it/tXAV8z
What will Obama do for the next 5 years ? I have my ideas,but,Hawaii is so high now were used to 2 dollars per sheet of toilet paper,but,mainlanders will continue to get hammered. Good luck.
Democrats and the GOP are considering boosting the fees that Fannie (FNMA.OB) and Freddie (FMCC.OB) collect from lenders as a way to finance the payroll tax cut. The idea could raise up to $38B over 10 years, but critics say the costs would be passed onto borrowers. Others don't want the giants to be used as a "slush fund." [View news story]
Stupid is as stupid does. Gump for Congress ! As housing goes ,so goes the US economy an jobs. Thus help kill the comback !
Were approaching 50% underwater why not make it worst ! Smart !
Reuters reports 9 countries have joined the 17 eurozone countries in drafting a new treaty for fiscal union. That makes 26, leaving the U.K. as the only opt-out for now. It's important to realize 26 European parliaments/populaces have yet to have their say. [View news story]
tic tic tic tic. The "fiscal compact " is a joke an Cameron is the real winner. And, Merkal has been the rock throughout.
Austerity is the answer ,but, it will kill the patient an that is why the US politicos are trapped. The US needs a 1000 times the austerity the EU PIGS need an that would cause a depression for the 50% of Americans not currently in one.
Fed Ben has kept this shell scam going,but, it will end in a monster crash. I'm 80 now an have seen a lot in my time and I look forward to what's coming an prey I will see it.
Cisco (CSCO) CEO John Chambers uses the company's shareholder meeting to urge investors to support a tax holiday proposal floating in Congress, claiming the repatriation of massive overseas cash balances would bolster Cisco's U.S. spending. ISI's Brian Marshall thinks a tax holiday would translate into larger dividends and buybacks from the likes of Cisco and Microsoft (MSFT) [View news story]
9% of the workforce was dead weight. More than half were Mexican workers to Foxconn. CSCO's buying spree hurt them an they have shut down aquisitions. Chambers must go ! He has hurt CSCO for a decade and they will see Asian companies biting there main lines soon. As Chamber's commented in the last two release statements. He understates ,but, atlease he mentions it. I sold CSCO on the last release at 19.70 for a 5 dollar gain an won't go near it again. There are 2500 better symbols with growth an CSCO's days are numbered as they must continue to shrink !
Cisco (CSCO) CEO John Chambers uses the company's shareholder meeting to urge investors to support a tax holiday proposal floating in Congress, claiming the repatriation of massive overseas cash balances would bolster Cisco's U.S. spending. ISI's Brian Marshall thinks a tax holiday would translate into larger dividends and buybacks from the likes of Cisco and Microsoft (MSFT) [View news story]
They better use that money for buybacks an buyouts with synergies. We all know the US workforce is too stupid for the high teck jobs. Gates has made that clear for 15 years ! And, CSCO is going to get smashed by Asian compitition and can;t manufacture in the US an compete, Don;t be fooled that Chinese are now making almost a buck an hour !
QuickChat #217, December 13, 2011 [View instapost]
QuickChat #216, December 9, 2011 [View instapost]
I am not comfortable on these computers as I am an OLD timer an I needed my neighbors daughter to get me a picture on SA,but, those who can zip around can here a wonderful interview with Mr Mcclellen on yesterdays Bloomberg t/v show. I know how to copy an paste some things ,but, didn't know how to get that one,but, I am sure the computer wiz people here can get it.
He is the son of thee Mcclellen of oscillator fame ,but, his firm is tops in forcasting an he brilliantly explains how the lease rates determine golds price. For gold holders it's a must. pok
QuickChat #216, December 9, 2011 [View instapost]
http://yhoo.it/seutsd
QuickChat #216, December 9, 2011 [View instapost]
QuickChat #216, December 9, 2011 [View instapost]
QuickChat #216, December 9, 2011 [View instapost]
http://bit.ly/sqwvYv
QuickChat #216, December 9, 2011 [View instapost]
A little thought.
http://seekingalpha.co...
Democrats and the GOP are considering boosting the fees that Fannie (FNMA.OB) and Freddie (FMCC.OB) collect from lenders as a way to finance the payroll tax cut. The idea could raise up to $38B over 10 years, but critics say the costs would be passed onto borrowers. Others don't want the giants to be used as a "slush fund."
[View news story]
Reuters reports 9 countries have joined the 17 eurozone countries in drafting a new treaty for fiscal union. That makes 26, leaving the U.K. as the only opt-out for now. It's important to realize 26 European parliaments/populaces have yet to have their say. [View news story]
The door is opened for an even harder line against those protesting a $4.8B gold and copper mine to be opened by Newmont (NEM) and Buenaventura (BVN) in Peru after Salomon Lerner - arguably the 2nd most powerful man in government - resigns. President Humala - who would have sided with the protesters a few years back - this week ordered the military to step in against the demonstrators. [View news story]
Law suits an gov takeovers too. Not just indigenous peoples !
Dr Ferguson's 6 part series is worth a look. While it's still available.
Watch the first show an you'll understand why LA indigenous peoples don't want mining !
http://bit.ly/v54F5E
Democrats and the GOP are considering boosting the fees that Fannie (FNMA.OB) and Freddie (FMCC.OB) collect from lenders as a way to finance the payroll tax cut. The idea could raise up to $38B over 10 years, but critics say the costs would be passed onto borrowers. Others don't want the giants to be used as a "slush fund."
[View news story]
And,prices are still dropping an another 4.5% this year is possible. Cities that were not involved are seeing there time has come.
http://yhoo.it/tXAV8z
What will Obama do for the next 5 years ? I have my ideas,but,Hawaii is so high now were used to 2 dollars per sheet of toilet paper,but,mainlanders will continue to get hammered. Good luck.
Democrats and the GOP are considering boosting the fees that Fannie (FNMA.OB) and Freddie (FMCC.OB) collect from lenders as a way to finance the payroll tax cut. The idea could raise up to $38B over 10 years, but critics say the costs would be passed onto borrowers. Others don't want the giants to be used as a "slush fund."
[View news story]
Were approaching 50% underwater why not make it worst ! Smart !
Reuters reports 9 countries have joined the 17 eurozone countries in drafting a new treaty for fiscal union. That makes 26, leaving the U.K. as the only opt-out for now. It's important to realize 26 European parliaments/populaces have yet to have their say. [View news story]
Austerity is the answer ,but, it will kill the patient an that is why the US politicos are trapped. The US needs a 1000 times the austerity the EU PIGS need an that would cause a depression for the 50% of Americans not currently in one.
Fed Ben has kept this shell scam going,but, it will end in a monster crash. I'm 80 now an have seen a lot in my time and I look forward to what's coming an prey I will see it.
tic tic tic tic tic etc...
Cisco (CSCO) CEO John Chambers uses the company's shareholder meeting to urge investors to support a tax holiday proposal floating in Congress, claiming the repatriation of massive overseas cash balances would bolster Cisco's U.S. spending. ISI's Brian Marshall thinks a tax holiday would translate into larger dividends and buybacks from the likes of Cisco and Microsoft (MSFT) [View news story]
Cisco (CSCO) CEO John Chambers uses the company's shareholder meeting to urge investors to support a tax holiday proposal floating in Congress, claiming the repatriation of massive overseas cash balances would bolster Cisco's U.S. spending. ISI's Brian Marshall thinks a tax holiday would translate into larger dividends and buybacks from the likes of Cisco and Microsoft (MSFT) [View news story]