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  • Wall Street Breakfast: Must-Know News [View article]
    Tales of the Oompa Loompa: episode IX

    The Great Oompa Loompa stood before the masses and spoke “Behold the Oompa Loompa Empire that I have built. Behold the sweet smell of success. Our stuff don’t stink!”
    Then the Oompa Loompa turned to his inner council and said ” What is this crap? We’ve got seconds for 80/20’s with FICO’s under 600! I wouldn’t approve that kind of loan for my own MOTHER!, a Congressman maybe, but NOT my mother.”
    Councilor Sambol replied “Sire, It is the ‘Milk’ of the Biz”
    Oompa Loompa said “Milk my @%$. It’s poison! We gotta dump this stuff fast.”
    Then Councilor Sieraki said ” We must match what is offered by others or the empire will shrink” and Councilor Sambol said ” Tis true”
    The Oompa Loompa said ” Well be more careful, and by the way, those pick-pays stink too!”
    As his councilors left the throne room, the Oompa Loompa did swear unto himself ” I will steadily sell my stake in this idiot empire and stand ready to move to the Caymans where my awesome tan will shield me from the harsh rays of the tropic sun.
    Hmmm...now where did I put Ken’s number?"
    Jun 05 12:42 pm |Rating: +1 -1 |Link to Comment
  • Why I'm Selling a Fourth of DB Gold Double Long [View article]
    I've been selling close month covered calls on half of my GLD on the rips and using the spread to buy leaps. Most months I've managed to close those calls at a nice discount to my sell price. Might have sold too early this month but I won't complain if it really breaks out..
    Jun 02 20:20 pm |Rating: +1 0 |Link to Comment
  • What's Another $1.15 Trillion? [View article]
    The way this is playing out, Ben's shill for the 30yr. Treasury Auctions
    is likely to make Chico here look like a genius.
    www.youtube.com/watch?...
    Mar 18 15:48 pm |Rating: +2 -3 |Link to Comment
  • Is It Time to Abandon the U.S. Dollar and Go for Gold? [View article]
    I personally have developed what I think is nice strangle hold on GLD .
    Mar 04 13:43 pm |Rating: +2 0 |Link to Comment
  • Whistling Past the Graveyard? [View article]
    The government calculates savings by totaling up after-tax income and subtracting spending. The remainder is considered savings even if it is used to pay debts.

    Consumers who can are paying off debt. So debt is shrinking (i.e. lenders assets are shrinking) and that which is left has a higher risk of default.
    Feb 16 13:10 pm |Rating: +6 0 |Link to Comment
  • Madoff's Innocent Victims [View article]
    My apologies,
    This was an inappropriate place to make this comment. It was in no way meant to be a comment on the victims of Bernie Madoff.


    On Dec 17 01:19 PM Hutch wrote:

    > A number of 'charities' seem to be Political Farm Clubs where political
    > parties can separate the wannabees from those with real party potential.
    > The actual performance of charitable actions is a mere by product
    > of their true purpose of paying off loyal supporters and grooming
    > the next generation of power brokers and need not have any positive
    > results. Occasionally a manager forgets that a few such by products
    > are necessary to keep up the appearance of being a "Charity".
    >
    >
    > www.latimes.com/news/l...
    >
    >
    Dec 19 01:39 am |Rating: 0 0 |Link to Comment
  • Madoff's Innocent Victims [View article]
    A number of 'charities' seem to be Political Farm Clubs where political parties can separate the wannabees from those with real party potential. The actual performance of charitable actions is a mere by product of their true purpose of paying off loyal supporters and grooming the next generation of power brokers and need not have any positive results. Occasionally a manager forgets that a few such by products are necessary to keep up the appearance of being a "Charity".

    www.latimes.com/news/l...

    Dec 17 13:19 pm |Rating: 0 -3 |Link to Comment
  • Time to Cautiously Get Back in the Game [View article]
    The comment, ."As Winston Churchill might have said"
    reminded me of an essay by David Friedman
    www.daviddfriedman.com...
    The Treasury and Fed have yet to find a way to budge this paradox.
    Dec 15 18:06 pm |Rating: 0 0 |Link to Comment
  • The Manipulation of Gold Prices [View article]
    I think your time frame may be too short and that some of what you are calling naked shorting could actually be slightly complex arbitrage positions. However the eventual inflationary consequences of Government's attempts for economic recovery bode well for precious metals.
    Dec 04 13:30 pm |Rating: +5 0 |Link to Comment
  • Gold Pressure Is Near a Breaking Point  [View article]
    It is amazing to me how each generation seems to think it is unique in it's understanding of Economics, Philosophy, Theology, and Government. For all of our tremendous strides in technology, mathematics and the hard sciences; our human natures have not changed. We are still moved by the same oratory, driven by the same desires, still easily deceived and that most often by ourselves. It does not matter if we remember the lessons of history or not, we are doomed to repeat them, because we are what we are. Gold will outperform. The only question now is how long the market will cling to the belief that 'Government' might be able to save us from our own folly.
    Nov 23 20:57 pm |Rating: +1 0 |Link to Comment
  • Defining a Depression [View article]
    Like the woodsman told the city slicker who asked for directions
    "Mister, I ain't sure you can get there from here in that contraption."
    We've got lots of contraptions that can't take the rough road ahead.
    Nov 12 12:32 pm |Rating: +2 0 |Link to Comment
  • Gold: War of Attrition [View article]
    "My house maintains its value regardless of what money authorities do"
    You mean the State's property that you lease through taxes.
    Oct 30 02:41 am |Rating: 0 0 |Link to Comment
  • Inflation Could Cure Our Economic Ills [View article]
    Good luck trying to rein it in once you reach your objective. It won't be much longer before people will realize that buying Treasury Bonds makes as much sense as lending on Subprime Option Arm. As long as they can roll the debt over and pay only interest we are fine, but when the truth sinks in the rollovers are going to stop.
    Oct 07 21:48 pm |Rating: 0 0 |Link to Comment
  • Dollar and Gold Rise Simultaneously? Bring On the Flying Pigs [View article]
    Being able to vote without holding your nose ?!
    Oct 07 05:04 am |Rating: 0 0 |Link to Comment
  • Does the U.S. Government Owe JP Morgan? [View article]
    The Government Lifeboat requires advance reservations
    Please submit your net worth and boat repair resume
    for consideration.
    Oct 02 04:43 am |Rating: 0 0 |Link to Comment
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