Richard Whitey's Comments

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Thu, 11 Sep 2008 10:30:41 -0400

In August, the U.S. Mint suspended sales of American Eagles because they could not keep up with demand. A glance a chart of sales (www.sharelynx.com/) shows that although sales are rising, they are only at levels seen several times in the past when there was no suspension in sales, and the level is much less than the build-up to Y2K.
The U.S. Treasury statement for gold has not changed by one ounce since March 2006. You can find that statement here:
fms.treas.gov/gold/ind...
Have you ever seen any going enterprise have the exact same working inventory for 28 months?
What goes on here? This comes from the U.S. Treasury and U.S. Mint, not some conspiracy web site. Can someone explain this?
I wonder if the recent dollar rally and gold decline was engineered in preparation for the recent Fannie and Freddie action.

Desperate Times Bring Redesign to NY Times

Sat, 06 Sep 2008 22:52:11 -0400

It is 'Punch'.
Punch will burn in Hell with all the rest of the MSM crew. I subscribed to the NYT for decades. It has degenerated into a disgusting mess, fraught with made-up stories, outright lies and prominent slant. It deserves a miserable and ignominious end, which is in process. Rather than keep pace with its readership, it has devolved into something despicable. In its last days, that formerly great institution will be justly mocked.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

Sat, 19 Jul 2008 13:31:17 -0400

Oil demand has peaked in many developed economies; check #365 and #366 here
peakoildebunked.blogsp.../

The Precarious & Problematic Potash Pyramid at Potash Corp. (Part IV)

Sun, 13 Jul 2008 22:47:46 -0400

User 93139 takes the gold for:
>>Could you explain that using marbles. <<
I take the silver for:
>>I got so lost, I couldn't tell if you were long, short, or smoking POT.<<
Bronze goes to:
>> Goobly gook is goobly gook. Which are you: the goobly or the gook? <<
Honorable mention goes to SCovert for:
>>Next - the screenplay. <<
And 93139 for "EGO ALERT" (sorry '9', only one medal contender per player!)
Let's all give Carl Martin a hand for writing an article inspiring such hilarious responses.

Getting Out of Today's Bear Market

Sun, 13 Jul 2008 12:34:47 -0400

OIl consumption figures here, entry #365:
peakoildebunked.blogsp.../

The Precarious & Problematic Potash Pyramid at Potash Corp. (Part IV)

Sun, 13 Jul 2008 12:22:51 -0400

I got so lost, I couldn't tell if you were long, short, or smoking POT.

Financial Stocks in a 'Divergent Phugoid'

Fri, 11 Jul 2008 14:07:33 -0400

Does that result in getting phugged?

Financial Stocks in a 'Divergent Phugoid'

Fri, 11 Jul 2008 14:06:51 -0400

Does that result in getting phugged?

Groundhog Day in Vietnam

Mon, 16 Jun 2008 09:26:09 -0400

The Vietnamese government instituted a policy that the market could not move by more than 1% in any day. This was to prevent a crash, since the market was already down almost 50%.
The effect has been to prolong the decline in terms of time, so the market declines 1%, no one else can sell and it is time to go home. Consequently, consecutive down days perpetually.

Which is the Most Accurate Home Price Index?

Sat, 23 Feb 2008 09:01:35 -0500

C-S only measures the sale of previously-owned homes.
It does not measure the pricing of newly-constructed homes, nor does it measure the pricing of condominiums. Each of those belong in the category of 'housing', and each have had price reductions more substantial than pre-owned homes. Inventories of each hand over the housing market.
So perhaps C-S is better than OFHEO, but that is a flawed comparison. And C-S does not overstate the housing decline, as one Columbia professor tried to spin. The C-S methodology actually sidesteps the two housing categories with even larger declines.