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The_Hammer

The_Hammer
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  • Gold: A Bad Investment and Getting Worse Part I [View article]
    Well show me the evidence that gold production is growing. The bigger miners have had flat production numbers and the only way gold can be economically mined is if prices hold above 850 for many mines. If they fall to $850 mine production will slow dramatically.
    I have listened to a number of larger company calls and they are saying that old mines are depleting, there are significant cost pressures and higher input costs...diesel, oil, electricity and royalty taxes.
    Another thing, you fail to realize is the US economy is by far the largest by GDP in the world by wide margin. China is running something like $4Trillion at this point and projected to overtake us in a few decades so PM demand will grow. This does not include India and its growth. So demand from these countries will massively grow in years to come.

    Jeff we have a Federal Govt debt bubble. Why not spend a little time analyzing the Monthly Treasury Statements and the impact of higher interest rates on our debt. Interest expense is projected at about $460 billion this year on $2.4 trillion in receipts and we have the lowest avg interest rates on the debt ever at about 3%. Just 10 years ago the avg interest expense was over 6%!!!
    Jan 18 04:17 PM | 5 Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse Part I [View article]
    jeff you fail to realize that there is a sea change occurring across the globe. The economic power is slowly moving east and the east likes gold and silver. Demand will continue to grow as their wealth grows. If price of gold falls dramatically as you say, mine activity will come to complete halt with all in cost ranging around $850 ounce of gold.

    When the US sheeple wakeup and realize that this crazy fed can truly hurt your purchasing power very quickly they will look for wealth protection assets outside of dollars.
    Jan 18 03:54 PM | 10 Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse Part I [View article]
    frdm nice post and so true. The Fed thinks they can have a controlled demolition of the dollar by attempting to inflate our ways out of this massive debt. Unfortunately it is backfiring with necessities prices jumping up due to a devaluing dollar.
    Some do not realize that the value of dollar priced commodities are going up mainly due to the destructive inflationary Insane policies of this Fed.
    Devaluation combined with underlying demand issues of necessities can really crush the purchasing power of retirees fixed incomes,pensions, annuities or life insurance policies and the middle class.
    As for 10k boomers retiring a day, I highly doubt it. many will have to work a number of more years to keep their heads above water. As the necessity inflation continues upward, many more will have to go back. Those easy retirement days are over for many going forward.
    Guys like chuck cannot understand this as well as many Americans. They do not like money printing or QE or the debts piling up, but they cannot understand the consequences
    Jan 18 03:39 PM | 7 Likes Like |Link to Comment
  • Sears Holdings: Outlook Declines for Operations, Improves for Shareholders [View article]
    Share count has gone down as well as fcf and sales. So fundamentals of the operating business have been poor. The asset side mainly the Real estate holdings have probably dropped by a 1/3 over the last few years.
    Eddie has not shown that he can turn this operation around in its present form. He has not discussed his long term vision for this comapny either. At a lower price this may become attractive on an asset value basis.
    Jan 18 03:05 PM | Likes Like |Link to Comment
  • The Outlook for Inflation [View article]
    Hey old school, great response. Malinvestment has overtaken our economy. The Fed and govt continue to try to jump start the same ole spend and debt model of economic activity. It does not work.
    Jan 18 02:45 PM | Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse Part I [View article]
    Well a few point Charles. First you need a new pic w/ a smile or one like mine.

    Where is the Speculation in gold/silver? I have asked approx 50 people if they owned physical PM's, miners or PM etf's for investment NOT jewelry.
    I will continue this unscientific experiment.

    I warned people of internet and housing bubble. Most did not listen. This is no pm bubble yet. You ain't seen notting yet.

    1 person owned some physical silver. ONE!!!!!

    "yet inflation remains benign"

    Inflation is benign??

    You ride a bike to work Charles ? You live in the mountains where no tax collectors can find you for property and income taxes?? You have solar panels covering your house and backyard?? You on Govt Medicaid program?? You on Food stamps with multiple aliases??? If so then maybe you do not see increasing prices in commodities and energy. The stuff needed to live NOT a 50" TV or some electronic gadget that we probably can do without or some wasteful McSHACK guzzling electricity and energy.
    Congrats on being real self sufficient and getting some attention by your article.
    Jan 18 02:23 PM | 25 Likes Like |Link to Comment
  • How Much Is Gold Worth? [View article]
    As the fed attempts a controlled demolition of the dollar, I do expect inflation in necessities to spiral upwards due to currency related devaluation. And this numbnuts Bernanke thinks he has a 0 cost printing press. No consequences. This moron has not learned anything from history.
    The banksters will fight a PM backed currency so we may have panic first before this happens. So the Feds so called soft landing currency demolition of the dollar probably will not be successful imo
    Jan 18 02:00 PM | 3 Likes Like |Link to Comment
  • John Hussman: Borrowing Returns [View article]
    they say do not fight the fed for a reason, especially this serial money printing lunatic.
    If left unchecked this lunatic serial printing Bernanke & stooges will destroy your dollar based savings.
    Jan 18 01:08 PM | Likes Like |Link to Comment
  • Commodity Index at All-Time High Even as Oil Remains in Check [View article]
    The consequences of a serial paper money printing lunatic. where are the checks and balances to stop this lunatic from crushing the middle class and retirees?

    I would not call $90+ oil in check. As worldwide demand pressures supply and as this maniac serial printer tries to destroy the dollar, oil in dollars will probably go over a $100 and stay there.
    Jan 18 01:05 PM | 1 Like Like |Link to Comment
  • Stop the presses: David Rosenberg is bullish... on muni bonds, "the most compelling opportunity to add income to portfolios since... late 2008." The doom-and-gloom hype is way overblown, he says, and besides, "even if you buy into the default talk, look at the yield protection you get now... Long-term AAA-rated munis are now trading well north of 5%, or 116% vis-a-vis Treasury bonds."  [View news story]
    Only if bernanke fails in producing inflation. I believe this maniac and his stooges will be highly successful produce much higher prices in necessities like Volcker was in breaking inflation. This maniac has backed himself into a corner. when he starts to unwind this pile of monetized bonds and toxic debt he will trigger upward interest rates which will just crush this phony federally parabolic debt induced economy.
    I am betting on the Mad scientist being successful. Never thought govt would EVER do some of the things that have occurred. Nothing is off limits with this maniac.
    Jan 18 10:32 AM | 5 Likes Like |Link to Comment
  • Weak holiday sales are even more dismal than they seem, Jeff Nielson writes. When adjusted for inflation, the 2010 shopping season was actually worse than in 2008 and 2009 - "nothing short of an economic disaster." But at least we're eating well.  [View news story]
    given up trying to warn the sheeple. All they know is how will they benefit from the healthcare plan or if they can get a lower mtg to refinance their mtg or if they can get a modification to keep them as homedebtors or if they can get a low down payment auto loan. There is not one damn concern for the country but self interest. this happened in all failing countries.
    Jan 17 05:00 PM | 1 Like Like |Link to Comment
  • SuperValu: Is the Carnage Over? [View article]
    It's pretty obvious to me that this company has no business paying a dividend with this kind of debtload and with such falling cashflows.
    The company should focus on trying to halt the fall in operating cash and reduce the debt load as quickly as possible.
    Jan 17 12:21 PM | 1 Like Like |Link to Comment
  • Weak holiday sales are even more dismal than they seem, Jeff Nielson writes. When adjusted for inflation, the 2010 shopping season was actually worse than in 2008 and 2009 - "nothing short of an economic disaster." But at least we're eating well.  [View news story]
    Being an opportunsitic shopper, seeking blood, I can assure you that food prices have risen a fairly large amount over the last 10 years especially the new packaging scam goig on. Health insurance has seen obscene increases while clothes have become an outright bargain along with electronics.
    Jan 17 12:07 PM | 2 Likes Like |Link to Comment
  • Shiller's Chart Claims U.S. Housing Has 50% to Dip: BubbleOmics Disagrees [View article]
    dalsauce where in Fl? The ones i have seen were pretty beaten down cheap too.
    Jan 17 12:02 PM | Likes Like |Link to Comment
  • Shiller's Chart Claims U.S. Housing Has 50% to Dip: BubbleOmics Disagrees [View article]
    econo you must live in the desert cuz in my neck of the woods the very few houses that are selling and some are FHA too in a mid to high end area are still at over 5 times median incomes while just 10 years ago it was a fraction over 3 times.
    Jan 17 11:57 AM | 3 Likes Like |Link to Comment
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