The Hammer's Comments

Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows.

Wed, 19 Jun 2013 16:21:28 -0400

Better off? The pain has not even arrived yet. When the dollar has a swift sharp devaluation over some future weekend get used to a much lower standard of living and wealth confiscation.

Markets start to fall in earnest as the reality of a tapering and then ending in QE sinks in - even as the chairman is at pains to prove it's anything but a tightening move. The DJIA (DIA -0.8%) is off 145 points as the 10-year Treasury yield soars 15 bps to 2.33%, its highest level in 2 years. Reversing sizable early gains is the mREIT sector (REM -2.3%) - a leveraged holder of the paper the Fed will no longer be buying - with American Capital (AGNC -2%), (MTGE -1.5%), Annaly (NLY -2.2%), Invesco (IVR -2.5%), Two Harbors (TWO -3.5%), and Anworth (ANH -2.2%) leading the way. The greenback (UUP +0.9%) continues to fly higher.

Wed, 19 Jun 2013 15:50:31 -0400

The Bernank will be gone and janet in charge. Easy Janet likes to print even more than the bernanke. Do not underestimate.

Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows.

Wed, 19 Jun 2013 15:45:31 -0400

Both options are not good imo. A lose lose situation at this point. The stooges are backed into a corner. Should of stopped the schemes after internet bubble they have gone to far now. Damn misguided arrogant bureaucrats have enabled this debt ponzi.

Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows.

Wed, 19 Jun 2013 15:25:21 -0400

Tapering? They have done a great job (The Fed stooges) convincing investors that there is a chance of tempering. Not a chance in hell that printing will stop.
janet will be in charge in 2014 and she will come up with some new name for money printing to restrain the bond vigilantes. Asset Collapse or print inflation. Print they have chosen.

Goodbye Bernanke, Thanks For Inflating The Biggest Bond Bubble The World Has Ever Seen

Wed, 19 Jun 2013 11:13:44 -0400

The Bernanke (and soon to be Janet) and his (her) stooges have done a wonderful job of clouding the truth. Deficits and money printing are here to stay. they have chosen the path already just trying to hold together confidence in the dollar . they need to discredit gold, BUT it ain't working with the people that matter most, The BRICs. The monetary regime change is in the future imo.

Goodbye Bernanke, Thanks For Inflating The Biggest Bond Bubble The World Has Ever Seen

Wed, 19 Jun 2013 07:31:47 -0400

Hello Easy Janet

7 Reasons To Own Utilities After The Recent Pullback

Mon, 17 Jun 2013 06:49:43 -0400

own several utilities long term and they still are at higher p/e valuations to initiate buying even after this minor pullback.

Visualizing Gold Demand In China

Fri, 14 Jun 2013 16:00:02 -0400

ziggy had did u find out about this scam?
one last saw two cash for gold stores empty with for lease signs in the window today.

CF Industries: Undervalued Based Upon Replacement Assets And Normalized Returns

Fri, 14 Jun 2013 15:11:35 -0400

"Firstly, the nitrogen stocks have probably discounted most of this miserable scenario already. And not all those new nitrogen plants will be built, because they would kill the price of ammonia and urea in the Midwest. The first movers with the lowest costs will capture the market and scare off the new entrants." CF was at $177 at the time of your statement. Anything change except the technicals of the stocks to think it will break 176 heading toward 165?
AGU was at 91.44 now 88.

Gold: Time To Short

Fri, 14 Jun 2013 14:48:38 -0400

Hey Gekko, the emotional types have run for the exits. The easy emotional path would be to jump on the bearish herd-like bandwagon now. Bluehorseshoe says gold is moving east and the BRICs will emerge as a power in the new monetary regime.
If you took a look at gold sentiment, you would see that it is about as pessimistic as it gets. Technically it is a broken asset, but the setup for an emerging rally is in the process. The Bernank and Janet in 2014 will not let anyone down.

CF Industries: Undervalued Based Upon Replacement Assets And Normalized Returns

Fri, 14 Jun 2013 14:25:05 -0400

well, i hoped it would go down due to market correction or cyclical downturn in order to consider buying, BUT do u have anything to add as to why?

Visualizing Gold Demand In China

Fri, 14 Jun 2013 11:21:36 -0400

Russia’s Putin Calls for IMF Overhaul, Bigger Role for BRICS

MOSCOW, June 14 (RIA Novosti) – Russia will use its presidency of the G20 to push for a radical overhaul of the International Monetary Fund and changes to its voting system to give developing economies a stronger voice, President Vladimir Putin said Thursday in an interview with RIA Novosti.

“The IMF frequently fails to keep up with the rapidly changing situation in global finance – first and foremost, in making effective and timely decisions,” Putin said in answers to written questions, adding that the decisions’ “implementation leaves much to be desired as well.”
http://bit.ly/18GCChM
No maas at some point. The dominoes are lining up pay attention. The misguided fool bernanke should be buying some gold with the printing of fiat dollar now. It's free money take advantage of it now.

Visualizing Gold Demand In China

Thu, 13 Jun 2013 16:34:01 -0400

There is NO bubble in p-metals. The biggest baddest bubble today is parabolic sovereign debt, printing e- currencies and interest rates. Today US citizens are working like drones just to pay for the American dream--the monthly debt payment. Overseas Dollars are now finding there way back here bidding up asset prices. when it becomes a tsunami the non-existent velocity will have arrived. The bernank and his stooges will accomplish exactly what they wanted to do, inflate away the debt via devalued dollars and drive up the cost of living. Most Americans are poorly prepared for such an environment and more will become impoverished

First Quarter 2013 True All-In Cost Silver Industry Figures: Unsustainable Silver Prices

Thu, 13 Jun 2013 10:44:09 -0400

Hebba, Kinross just wroteoff $700 mil investment to halt expoloration at an Ecuador mine. Just maybe the cash incinerating mining execs may have learned some discipline. Most recent painful example nat gas. More silver is produced as a byproduct but nevertheless primary miners will be curtailing or shutting down production.
Change is already happening in mining land. Silver is a valuable metal and also has history of monetary use. As power is shifting to Asia, PMs will become more relevant.

The U.S. Doesn't Have A Debt Crisis: Don't Let It Scare You Out Of Stocks

Wed, 12 Jun 2013 15:52:37 -0400

138 Billion in deficits in May. Back to normal. 138 bil - 85 bil no problem. It's mostly covered.
http://1.usa.gov/14XrBRK

Does Anything Make Gold Go Up Anymore? Price Action Suggests Remaining Short

Wed, 12 Jun 2013 13:43:14 -0400

http://bit.ly/1bwtto1

Asians buy gold like consumers not speculators

Does Anything Make Gold Go Up Anymore? Price Action Suggests Remaining Short

Wed, 12 Jun 2013 11:43:35 -0400

RING RING RING Thanks for another buy signal.
Hulbert Gold Sentiment index (HGSI) is currently sitting at -43% the lowest ever.
Buying physical silver and gold on strong dips down. want to build physical allocation.

Why Are You So Afraid Of The Fed? Stop The Fear Mongering

Wed, 12 Jun 2013 10:38:03 -0400

http://bit.ly/11z6TXt
must read

Why Are You So Afraid Of The Fed? Stop The Fear Mongering

Wed, 12 Jun 2013 09:17:44 -0400

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Joe this is wrong blanket statement. I have been long for a long time with solid dividend stocks reinvesting the dividends and are way ahead of year 2000 value. I will say that if older investorsa feel they do not have the temperament to ride out corrections it is a good time to rebalance a little (going all in or all out does not work for most people) now while the going is pretty good. Good call on gold ( not looking to time it or be out of some of it when the tide turns), however i do see u have changed your tune in mentioning substantially higher gold prices in the future.

Why Are You So Afraid Of The Fed? Stop The Fear Mongering

Wed, 12 Jun 2013 08:49:48 -0400

http://bit.ly/Qs9EGO

http://bit.ly/119w8mH

http://1.usa.gov/KDf0sF
page 9 total debts $57 trillion and growing

Gold: Time To Short

Tue, 11 Jun 2013 18:39:34 -0400

if pm prices fall further primary PM mines will be shutting down as quickly as Nat gas explorers were dropping drilling rigs under $2-3 mcf.

Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce.

Tue, 11 Jun 2013 09:37:17 -0400

It all does not matter until it does like when the dollar devalues slowly then suddenly like a dam or bridge collapse.

Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce.

Tue, 11 Jun 2013 09:26:09 -0400

China will be accumulating more gold to back their currency while bernank prints $3 billion of e-paper today.

The U.S. Doesn't Have A Debt Crisis: Don't Let It Scare You Out Of Stocks

Mon, 10 Jun 2013 22:02:23 -0400

snoopy total debts are $56 trillion between household, govt, financial and corp. the bernank has bought some time as good portion of this debt were refinanced but the inevitable is coming in time. when global investors say they had enough then all those dollars overseas rush back home and the long awaited velocity hits suddenly.

Hindenburg Omen - November 13, 2012

Mon, 10 Jun 2013 18:45:36 -0400

AR does the number of times it signals been an indication of severity of decline?
http://seekingalpha.co...

The U.S. Doesn't Have A Debt Crisis: Don't Let It Scare You Out Of Stocks

Mon, 10 Jun 2013 18:18:53 -0400

Mike's in college. And he calls 1987 a blip? It was no blip at the time. Investors were shell shocked liked they were in 2009. Yes it is good time to buy when people are in total panic mode, but it ain't easy to put into practice.

All this reckless money printing behavior will put more and more people into poverty and a lower standard of living. Complacency is growing and chest thumping getting louder. Time to look at your investments and review them and remember how u felt in Oct 2008 - Mar 2009.
As for those deficit reductions now and into the future we will need to look a little deeper into the reasons why.

Do Not Read This If You Thought The Economy Was Improving

Mon, 10 Jun 2013 08:53:56 -0400

it comes down to buying value. You have to admit PF, junk bonds at 5%, utilities at 20+ p/e's (own several for decades reinvest divies--not to long ago took them off divie reinvestment for first time) and 10 year treasury at 1.65% are/were real bubbly valuations.

U.S. And Canadian Mint Sales: All Of Domestic Silver Supply Used Solely For Bullion

Mon, 10 Jun 2013 07:46:16 -0400

Qwertex, can u give us more details exactly what is happening in Europe regarding precious metals?
I do think we can learn from it since it is coming here eventually.

U.S. And Canadian Mint Sales: All Of Domestic Silver Supply Used Solely For Bullion

Fri, 07 Jun 2013 20:43:23 -0400

I added some more too after running numbers with shipping. now 1.19 over spot and shipping.

Some PM perma-bulls are getting demoralized. Good news for us more balanced types. But do not fall in the complacency trap the situation is not good. The sovereign debts problems will continues as CBers take inflating to a new level. Lets hope they take down silver/gold into the high teens low 1300's then i will finish my portions for good awaiting the final monetary transition.

U.S. And Canadian Mint Sales: All Of Domestic Silver Supply Used Solely For Bullion

Fri, 07 Jun 2013 12:50:36 -0400

if i can buy some below marginal price of production will buy. if price goes to high teens will buy my fill and be done with it. of course things can overshoot in both directions. no tax and shipping is big deal in cost basis. IT is 22.85 better than 35 or 40. This is not a dividend or cashflowing investment. this is a hard asset with value. money markets and banks safety are coming into question. just a piece of the pie as the money printing insanity continues globally