The Goy

Today I Bought This Chart

did you get out before the news? IF so, superb switch. If not, I think this is a gift from the mexicans, as this drop in price writes off the whole mine.

Gold — Don't Be Left Holding the Bag

Wow, I just looked up NEM news and saw this post, this guy had a great call(and by great I mean, thanks for screwing up BIG TIME)

Silver in hand is worth 9 times what is in an ETF

Ed I have always liked your writing, but now you are giving a bad name to anyone who likes silver. Please don't fall into the trap that the whole world is going to end, and everyone is going to bartering and using gold and silver to buy things. We are not going to end civilization as we know it. People will still use dollars, they will just be worth less in terms of silver and gold.

This from a person who has a very large position in silver, gold and palladium. I like them, I think they are extremely cheap compared to what a future dollar will buy. But, I NEVER expect to use them to buy food.

Unfortunately, when you sound like a nutcase(for lack of better term) spouting about the end of the world, it makes it tough to actually take the investment or you, seriously.

FDIC's Creative Financing Ideas Are a Red Flag

Hmm, lets see. Years ago the banks all said the FDIC had to much money and they should not have to contribute anymore. So everyone bribes their congressman(I mean lobbies) and the FDIC lowers everyones rates thereby making banks more poriftable.
Now the banks are crapping out left and right and the FDIC needs more money, which of course they will get through the taxpayer.

Running an insurance program for the banks should be EXTREMELY easy, yet the FDIC can't do it correctly. How do we expect our governement to run anything)health care, economy, GM FRE/FNM) when something as easy as insuring banks can't be done correctly. Why give them more money to incorrectly run?

How to Replenish the FDIC's Coffers

The difference of them borrowing from the treasury which will issue debt or borrowing from the banks and issuing gov backed debt, is semantics. Our government is issuing massive amounts of debt, for which every US citizen is going to have to pay the bill. IMO, this is highly troubling.

Palladium: The New Platinum

Thanks for some of that, I understand the whole way the miners work with other metals and reducing costs, but when I spoke to PAL management, ther numbers were MUCH MUCH higher. Yes they lov talking about taking out every other commodity, but they really do not include a whole lot of expenses when they figure out the costs. I have learned that must companies will not reveal the all in costs. What I am trying to say, is that companies like PAL and swc are forced to sell their PAE and PLAT as if they don't they can't pay the bills and stay in business, but they might be selling them at a pretty step loss at these levels. (a reason I don't like them).

What I am looking for is someone IN the mining business, not the finance business(like us), who really understands the hidden costs, to answer. I think the costs for pulling it out and seperating them is much higher then the companies let on, and this is why they are constantly looking for new financiing.

That being said, go buy PAE.

Palladium: The New Platinum

I would really like to talk to someone who knows palladium mining well, as I am getting a ton of different replies as to the cost of pulling it out of the ground. I have heard Rusiia is low cost producer but all the easy palladium is gone and it is much more expensive to get it out now(so they are lilke 400+ and ounce). The numbers I have heard on conference calls etc is way north of 500 per ounce to pull out(obviously it is a byproduct, so how they get these numbers is beyond me). Does anyone have a true number of the costs associated with mining it? If these numbers are remotely true, I don't see any reason why someone would want to sell it for sub 500. Any feedback is appreciated. Thanks.

Palladium: The New Platinum

also, Palladium dropped because all the auto companies were selling it to raise money to stay in business until uncle sam could bail them out. There are many things wrong with your article(9 times, more rare the pall, russia stockpiles and catalytic convertors), but the investment idea is right, IMO.

I am a large owner of PAE from sub 200, and have sold very little of it. I don't understand the PAL and SWC investments as I can not grasp how they make any money with their cost structures.(It does not mean the stgocks won't be HR's, I just don't understand them and would rather be in the metals).

Palladium: The New Platinum

PAL and SWC, what are their costs to pull plladiumn out of the ground???? MUCH MUCH higher then the 300 it is trading at.

Five Reasons the Market Could Crash This Fall

I think you left out the fact that the US government is going to seriously raise taxes next year, so selling is going to happen this year. I like the HFT information.

Meanwhile, Geithner would not rule out a new middle-tax class to get the economy back on track and reduce bulging deficits. "We're going to have to do what's necessary," he said.

Oh, and next up, prepare for the mortgage tax deduction that we all get to take on our home loans to be phased out, my guess is no deduction at all over 250k in income with the phase out starting at 120k. Thank god we are becoming more like Europe, cause they have it figured out.....

Meanwhile, Geithner would not rule out a new middle-tax class to get the economy back on track and reduce bulging deficits. "We're going to have to do what's necessary," he said.

How could anyone think there would not be taxes on the middle class. The Millionaires tax was starting at $250,000. Be prepared for the 4TT govt spending to be taken from everyone with a job.

Solving the HFT Problem: Abolish Continuous Trading

Very intersting idea. There is a lot to think about, but at first blush it seems like a smart idea.

Warnings to Precious Metal ETF Investors - Buyer Beware!

Marc, while I understand your concern about the etf's, when I see a guy like Paulson invest in GLD, let alone become the largest holder I will happily put money into it. This guy is that good, he does not invest without making sure the investment is good. And he has the resources to pay for the actual talent to check on the accounting. Whereas you and I have to play hunches.
So for my ira and other non commodity accounts, I have no problem holding GLD and SLV. I think it is very hard to prove fraud and you need to be very careful how you state things, cause you come off very poorly crying wolf without any proof. I would rather see you writing about companies like SWC & PAL, which I am still trying to understand why you are invested in.

The Implications of Goldcorp's Latest Achievement

I used to be a large holder of SLW, but after speaking with management many times over the years, I worry about how the company will make money if silver does not go up. Below $8 the company has serious trouble. If you believe silver has no where to go but higher, then by all means buy SLW. For me personally, I don't need a company to leverage up my silver play, I can do it myself. I prefer a management and a company that is more interested in making cash flow that is not solely dependent on the price of one commodity. Just my opinion