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  • Nova Chemicals Buyout: Good News for Teck Cominco Shareholders? [View article]
    SBDetective, I totally agree, TECK has many truly valuable assets and it would be an outrageous shame to liquidate these at such depressed prices. My largest long position is in TCK, I can't believe the shareholders have no guts or faith in what are real hard assets, and are about to come rushing back in droves.

    On Feb 24 02:27 PM BS Detector wrote:

    > Relative to Teck, Nova was expensive! Based on its latest financials,
    > Teck trades at about 1/6th of its tangible book value (granted, Teck's
    > assessments of asset values hasn't been stellar lately).
    > I have faith that (a) the credit markets will heal significantly
    > by October, (b) the economy will show signs of life by October, and
    > (c) if these things don't come to pass the Canadian government may
    > very well intervene with loan guarantees or outright loans to prevent
    > the bankruptcy of Canada's largest miner.
    > Long TCK.
    Feb 24, 2009. 03:29 PM | Likes Like |Link to Comment
  • Why Markets Dissed the Geithner Plan [View article]
    Well, you're only 1/3 correct. Add in Predatory lending and ARM's you're getting closer. The third component that no one mentions was the pulling of the rug out from under by the FED raising rates when Bernanke came in without considering how many ARMS were on the edge. If I were to go on, I would mention Chris Dodd, Barney Frank, and on and on, but perhaps the following link might suffice as it's getting late:

    On Feb 18 03:10 PM philais wrote:

    > It is the abnormally low interest rates that made for the current
    > melt down!
    > David, How about the idea of letting the markets set interest rates
    > instead of the Fed? More of the same is NOT the answer!
    Feb 20, 2009. 02:40 AM | Likes Like |Link to Comment
  • Gold: The Only Remaining Bubble? [View article]
    So back up your words and tell us you're short gold. I suggest DZZ...
    Feb 20, 2009. 02:10 AM | 1 Like Like |Link to Comment
  • Taking Stock of New World Oil [View article]
    So how'd that trade work out? Yesterday FRO was $24....
    Feb 19, 2009. 10:03 AM | Likes Like |Link to Comment
  • The Obama Inauguration Rally Begins [View article]
    Today is Feb 9th, and the DOW is still at the same level and dropped over 200 pts in the interim.
    Feb 9, 2009. 01:52 AM | Likes Like |Link to Comment
  • Don't Worry, We've Had an Even Higher Debt to GDP Ratio Before [View article]
    What, no 52" LCD to watch Cramer? Better run get one, Costco has one on sale for just $1099.99, and it's a screamer from what I hear.

    On Jan 25 08:57 AM Spudster wrote:

    > I'm sorry, but with analysis like this - who needs morons?
    > Yes, public debt has been higher in the past.
    > But both the UK and the US previous spikes were due to major wars:
    > Napoleon on the former and WW II for the latter.
    > But either way, the other major missing salient point is private
    > debt.
    > In the past private debt didn't matter that much because it never
    > amounted to a major percentage of GDP.
    > But that isn't true anymore. The advent of the FIRE (Financial, Insurance,
    > Real Estate) economy has catapulted private debt to levels over even
    > public debt.
    > Thus while public debt today is not as high as it has been in the
    > past, the combination of public and private debt is as high as ever
    > seen in history. As the massive public spending in both the UK and
    > US continues, the aggregate sum of public and private will easily
    > surpass all previous efforts.
    > And while in the 2 wars - the populace of each respective nation
    > were willing to undergo major sacrifices in order to 'fight for freedom',
    > I for one have zero eagerness to sacrifice to fight for my neighbor's
    > Alt-A loan, or a big 5 bank's bonus pool, or Joe Blow's $10,000 credit
    > card debt incurred buying a 52" LCD TV which I myself prudently have
    > not yet bought.
    > Before it was 'God Save the Queen' and 'Uncle Sam Wants You'.

    > Somehow 'Bailout for Banksters' and 'Help for Debtor Dan' doesn't
    > have the same ring.
    Feb 9, 2009. 01:29 AM | Likes Like |Link to Comment
  • Royal Caribbean's Continued Freefall [View article]
    Morgan Stanley and Goldman Saks should by up two of these cruise lines using TARP funds. They could than go ocean racing...
    Jan 31, 2009. 06:53 PM | 1 Like Like |Link to Comment
  • The Bull Run Begins This Week [View article]
    robotto - You were so right, I drank a little bit of that Kool-Aid and my pants have stains to prove it...

    On Jan 18 01:58 PM Robotto wrote:

    > "No Gloom here. Only Good News."
    > Perhaps the market is not shrugging off bad news. Maybe they are
    > just ignoring them like this author is. If that's what the market
    > is doing, I would be very scared. This article sounds so desperate
    > that it made me feel more scared than I was feeling before. When
    > people start willfully ignoring bad news, you know things are really
    > bad.
    Jan 20, 2009. 08:12 PM | 2 Likes Like |Link to Comment
  • The Truth About Today's Gold Market [View article]
    I'm told by a very reliable source (insider) that Barrick Gold (ABX) is assisting the FED in the COMEX gold scam.

    On Jan 16 11:35 AM Jingle-Jangle wrote:

    > RJ,
    > I would like to take that bet of gold hitting 500 before 1k.
    > COMEX gold is being maniuplated by the Fed through a couple bullion
    > banks.
    > They are doing a fine job of keeping gold down and everyone flooding
    > into it.
    > But, eventually gold is up because even the Fed will eventually use
    > it to cut the US debt in half or more by revaluing gold to the dollar.
    > Only, they will do it when they feel it is time to do it.
    > Until then, gold will be stuck in the range of 750 to 900 dollars.
    > Unless, Chinese or middle eastern folks take advantage of golds low
    > price and start buying it on the COMEX with the intention of taking
    > delivery.
    > Then the game will be over for manipulation by the Fed.
    > So, either the Fed will eventually cause the price of gold to go
    > to four figures on their time table or some foreign entity will get
    > into the game before that happens to keep from loosing dollars when
    > the Fed does it.
    Jan 17, 2009. 09:21 PM | Likes Like |Link to Comment
  • Bank Investors Beware, Shareholder Interests Are Secondary [View article]
    Sorry dude, blame it on the private bank known as the FED. These banks are in bed with your congress and they are sticking it to US citizens who were savers by taking their 401K's and giving them a 50% off haircut, along with saddling the born and unborn with over a generation of debt. The entire outstanding US mortgage debt is only $10T, so what are the banks doing with the $8T they've been given?

    Do you remember NAFTA and the new rules against personal bankruptcy? These were your first clue.

    Wake up and smell the coffee bro!!!

    On Jan 17 01:23 PM Roy M. wrote:

    > Hope the government will find out what exactly is going on with all
    > these banks. It can't be just the bad mortgage that caused all these
    > problems. Must be some thing else. Maybe criminal in nature. A thorough
    > investigation is needed.
    Jan 17, 2009. 08:38 PM | 2 Likes Like |Link to Comment
  • House Democrats unveil an $875B economic recovery bill, which is 2/3 spending and 1/3 tax cuts. Despite its unprecedented scale and reach, some say it still undershoots the mark.  [View news story]
    Up to $8T now. The entire outstanding mortgage market is only $10T!!! This mindset is the same mindset we've been witnessing for the last 30 years, it isn't change, this is simply more of the same....

    You bumbling fools, get rid of the corruption or the corruption will get rid of you.
    Jan 15, 2009. 10:11 PM | 1 Like Like |Link to Comment
  • Never mind culture clash, Bank of America (BAC) executives are livid after uncovering heavy losses and a "staggeringly weak" balance at Merrill Lynch. Which explains why BofA CEO Ken Lewis turned "purple-faced" with rage over Merrill chief John Thain's hopes for a $10M bonus.  [View news story]
    Ken - Do your own due diligence (DYODD), otherwise you might make a bad trade... BTW, are you going to make good on the dividend???
    Jan 15, 2009. 09:52 PM | Likes Like |Link to Comment
  • Reverse Mortgages Are Both Expensive and Complex [View article]
    How'd that WFC long work out?
    Jan 12, 2009. 12:35 AM | Likes Like |Link to Comment
  • 11 New Shorting Opportunities for 2009 [View article]
    I think I'd pare some of the list, but I do like the way you think... Anything safe haven could be a good short in the beginning stages of a bull market.

    I don't think you're an investor based on description, I think you're a trader?
    Jan 4, 2009. 09:56 PM | 1 Like Like |Link to Comment
  • The Manipulation of Gold Prices [View article]
    Conrad is correct about the POG/USD relationship, in terms of fiat, this is known as a flat tax through inflation. It's naive to suggest gold will ever be fixed, as Hultberg points out.

    On Dec 06 02:09 PM Nelson Hultberg wrote:

    > James, I commend you on your article. Your grasp of monetary policy
    > and Federal Reserve methodology is most impressive. In addition you
    > are spot on about the manipulators. I wrote about them myself back
    > in 2003. See [ ] Bill Murphy
    > here in Dallas is a friend of mine, so I have a long history of investigation
    > into their shenanigans.
    > My only reservation about your predicted scenario is this: In order
    > for it to come about, devout Keynesians such as Ben Bernanke, Larry
    > Summers, and Tim Geithner will have to endorse and implement a return
    > to the gold standard. They will, in essence, have to admit that Keynes
    > was the charlatan we free-enterprisers have always claimed him to
    > be. This would be akin to asking Joseph Stalin and V.I. Lenin to
    > endorse Adam Smith and fess up to the charlatanry of Karl Marx. Moreover
    > it will require that all the world's central bankers agree on the
    > necessity of going back to the gold standard. Is such an agreement
    > possible? These fetid Machiavellians have spent their lives worshiping
    > statism and the power it brings them. Are they going to shuck all
    > this to embrace an honest monetary system that will drastically reduce
    > their power, wealth and status? Or will they delude themselves by
    > constructing some sort of Keynesian fiat world system to replace
    > Bretton Woods II (such as Richard Duncan talks about at the end of
    > his book, The Dollar Crisis)?
    > I see our world bankers and monetary leaders, along with the political
    > thugs that back them up, as totally amoral rats that are now cornered
    > by the immense malfeasance of their past exploits. Unfortunately
    > cornered rats do not pick the noble path and proceed to fess up for
    > their sins when in crisis. They resort to sophistry, cover-up, brute
    > force, thievery, propaganda, etc. to perpetuate the lie they have
    > constructed their careers upon.
    > Hopefully I'm wrong, and the grievous reality of what is facing us
    > overwhelms the rats, compelling them to take the path that you describe.
    > But my grasp of human nature tells me that the rats will try every
    > other scheme in the book to avoid taking the proper path of an honest
    > monetary system. Could Ben Bernanke actually renounce his entire
    > academic career of Keneysain / FDR worship? Doubtful.
    > Still a marvelous article. And everyone should assume that it will
    > come true. Because even if it doesn't materialize, one will be immensely
    > better off five years down the road if he puts his life savings in
    > gold coins, gold bullion, and gold shares. The paper fiat system
    > is coming unglued, that is for sure. This means much higher gold
    > prices no matter what type of monetary system the rats eventually
    > construct to replace Bretton Woods II.
    Dec 7, 2008. 12:34 PM | Likes Like |Link to Comment