Hutch

Wall Street Breakfast: Must-Know News

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?"

Why I'm Selling a Fourth of DB Gold Double Long

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..

What's Another $1.15 Trillion?

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?...

Is It Time to Abandon the U.S. Dollar and Go for Gold?

I personally have developed what I think is nice strangle hold on GLD .

Whistling Past the Graveyard?

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.

The Manipulation of Gold Prices

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.

Gold Pressure Is Near a Breaking Point

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.

Defining a Depression

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.

Gold: War of Attrition

"My house maintains its value regardless of what money authorities do"
You mean the State's property that you lease through taxes.

Inflation Could Cure Our Economic Ills

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.

Dollar and Gold Rise Simultaneously? Bring On the Flying Pigs

Being able to vote without holding your nose ?!

Inflation Fears Are Inflated

Ah..now I can explain it to all my elderly widowed sister. It doesn't matter that her home equity is disappearing and her food, utility, and medical costs are going up. Her fixed income is holding steady so there's no problem.

Other than:
#1. The fact that lower income families have their own beliefs.
#2. It is an election year, and
#3. "Belief trumps reality"

Has Gold Reached Bubble Territory?

"Gold is not an investment, it’s money." I believe it should be, and perhaps it will be in the future, unfortunately, right now it is not. Belief trumps reality.
Belief always finds evidence to reinforce Belief, until something real destroys it.
That something real may well have arrived to create the new Belief.