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Venerability

Venerability
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  • "We told you so." Seriously? Barron's thumps its chest in the sort of self-congratulatory, bullish article that could give a fan of stocks pause. "If there's a great rotation going on from bonds to stocks, we may be only in the top of the first inning," says Jason Trennert. The 60/40 stocks/bonds mix is out of favor with many institutional investors, notably big college endowments, which now have 27% of assets in stocks vs. 45% a decade ago. [View news story]
    We are all for everybody in the Universe coming back to the Stock Market and its going up forever and ever.

    But "the 99 percent" are not coming back until the Stock Market is a far safer and more level playing field.

    They see things like Tiny Terror saying two months ago that beloved Apple was a "main determinant of GDP," and now saying it's a veritable dog, pig, dromedary, aardvark, which should be shunned.

    They see things like (silly) Facebook being relegated to the scrap heap a few weeks ago, suddenly being bought by George Soros and other Whales, and then spurting up magically by 99 percent or whatever.

    They see things like the entire PM sector being ground into dust to be swept into the latest Dyson contraption, at the same time China launches Gold and Silver ETFs to compete (strongly) with beloved GLD and SLV, and China is close to achieving its long-desired trifecta of being Number One in Gold production, Gold wholesale, and Gold retail.

    They see things like Tiny and the Fast Ninnies pumping the likes of Amazon with its 3,000 P/E - or thereabouts - while bashing Ford, after terrific earnings and much more to come.

    Or any of a zillion other examples.

    You want customers to come back to the Stock Market - deserve them!
    Feb 3 02:14 AM | 4 Likes Like |Link to Comment
  • Did Anything Change This Week For Precious Metals Markets? [View article]
    Once again, Poopsie, I do not care whatever Baby Games Baby Traders want to play with Markets or with Media influencing Markets.

    But I do care about placing Blaster Virus after Blaster Virus on my computer with the SOLE purpose of sadistically harming my eyesight.

    Moreover, I believe there are quite a few people in the Market who KNOW whose mercenary hackers orchestrated this little bit of "fun," but who are either so afraid of them or just so passive, they don't say anything or move one little finger to help me.

    I should not - ever, ever again - have to lose days of my life in severe pain with ice packs on my eyes - and again, right before my birthday - because some silly, malicious idiots think this is "funny" or has anything to do with "trading."

    This used to happen via the Yahoo Finance boards, which I now refuse to participate in. That it is now happening via SA proves that SA is simply no longer screening out Trading Botnets at all and that SA should be very, very ashamed of itself.

    In any case, long-time followers of my commentary know I am not "crackers" and that these malicious games against me have gone on for a very long time now.

    They SHOULDN'T.

    If you think your Trading position is the correct one, fight for it with words and with logic and with skill, not with Malware aimed at getting your "opponents" off the playing field.

    I used to be afraid of you, too, and simply flee whenever a spate of these Malware attacks occurred.

    No more! I won't be BOO'ed. I won't be intimidated. And I won't be discredited.

    Never again.
    Feb 3 02:00 AM | 2 Likes Like |Link to Comment
  • Finally Sold On Ford [View article]
    You can't FORCE anyone to Buy, Sell, Hold, or Not Hold.

    When the CNBC'ers make an egregious mistake in their calls, it benefits the rest of US, not only because we can trade around them, but also because it further proves that in many cases, the Sheeple may be THEM.
    Feb 2 03:22 PM | 1 Like Like |Link to Comment
  • When the Gold Bugs Start Selling, Look Out [View article]
    Speaking of loonies, did you note that sudden reversal in the Script today?

    Well, two of 'em!

    First, the Ninnies have been saying the past several weeks - part of the "US Will Control OPEC" myth - that WTI would move closer and closer to Brent and eventually move above it again. Need I say DUH?

    Now, all of a sudden, the Loonie, which generally moves above the Dollah! Dollah! Dollah! when the Brent spread WIDENS, is deemed literally by fiat - pun intended - to move negatively to Dollah! Dollah! Dollah! on an increasing Brent spread.

    You can't just rewrite the Script when it helps your Books, Fellas.

    Somehow one believes this little bit of rewriting has something to do with pipeline pressures and renewed talk that, as one Goldseek commentator nicely put it, Canada may choose to "divorce the US and marry China."

    Sure would be great for the Gold sector!
    Feb 1 11:48 PM | Likes Like |Link to Comment
  • Multiple Insider Buys And Some Good News At These 2 Stocks [View article]
    Please Short more and more and more.

    There is a word for arrogant Shorts who think they can "push it to the limit" forever. That word is TINDER.
    Feb 1 11:38 PM | 1 Like Like |Link to Comment
  • Multiple Insider Buys And Some Good News At These 2 Stocks [View article]
    By sold, I mean to an acquirer!

    I hope everyone understood that.

    And as for the attacks on so many market participants' computers here today- probably, although I cannot be sure - concentrated on those in the PM stocks:

    The likeliest possible explanation for it - albeit not the only one - is that we are finally, at long last, going to embark on a period of furious M&A featuring some prominent exploration stocks - cross fingers including PZG, although no one really knows for sure who is going to be involved except deep insiders.

    Remember, quite a few of the most beautiful and lucrative takeouts in this sector the past several years have benefited a rather tiny swathe of shareholders, with some of the Big Names doing worse, not better, than some Little People.

    FRG was not widely held. Arizona Star was not only not widely held, it was bashed and bashed and bashed by many sector gurus right up to moment of the buyout.

    So we shall see what we shall see.

    As for the Cornered, Growling, Spitting, Altogether Nasty and Dirty and Diseased Trapped Short Sellers in a certain little energy wildcatter: You do whatever the bleep you think you need to do, because it isn't going to help you one iota. You lost big in NXY. You lost big in MMR. And you are going to be literally pulverized in this one.

    Soon.
    Feb 1 05:14 PM | 3 Likes Like |Link to Comment
  • Did Anything Change This Week For Precious Metals Markets? [View article]
    And once again, the by now Idiotic - as well as Childish and Banal and By Rote - Blaster and other attacks on MY computer are now escaping somehow and jumping all over the Internet.

    Very few market participants worldwide think "Bird Gaming" is anywhere near acceptable any longer.

    That the few remaining who DO think it's acceptable still includes some prominent CNBC'ers and their advertising "partners" - including, of couse, the prop desk of their biggest advertising "partner" - is pretty darn disgusting at this point.

    Fortunately, many now understand how benign neglect of exactly this kind of silly, malicious "market game" behavior, cascaded beyond all control and caused what we experienced in 2008 - and nearly again with the Flash Crash of May 2010.

    We just don't want it to happen again - EVER!

    And we recognize clearly the role of Gold as a signaler among the Market Gamers and why it should be all the more protected because of that.

    So let me repeat: No, Tiny Terror - it is not YOUR World, it is Everybody's World.

    And we don't have to be In the Game. We choose to shun it.
    Feb 1 02:32 PM | 1 Like Like |Link to Comment
  • Did Anything Change This Week For Precious Metals Markets? [View article]
    Sorry, Steve.

    You're not going to Kunk El - or anybody else.
    Feb 1 02:20 PM | Likes Like |Link to Comment
  • Multiple Insider Buys And Some Good News At These 2 Stocks [View article]
    What silly commentary on PZG!

    Nobody cares about PZG "earning" anything, because it is not there to "earn" anything.

    It is there to be sold, either as a whole or in two halves.

    Anyone who doesn't understand Gold exploration stocks - PLEASE leave and go to another sector you like and understand.

    TIA.
    Feb 1 01:55 PM | Likes Like |Link to Comment
  • Did Anything Change This Week For Precious Metals Markets? [View article]
    Indiana,

    It's the new Chinese ETFs!!!!

    And it shows the Chinese are standing firm and refuse to accept Tungsten - or Tin - or Amazon.com certificates - or unlimited Michael Kors $700 handbags and $7 cups of coffee from Starbucks.

    They want actual Gold!
    Feb 1 01:47 PM | 11 Likes Like |Link to Comment
  • When the Gold Bugs Start Selling, Look Out [View article]
    Yes, this IS related!

    There is once again a truly horrible Content worm of some sort infecting pretty much all the major Financial Market sites, including this one, on a rolling basis today.

    We are in one of those very unusual periods when it is the "Official Financial Media" - i.e. entities like CNBC, the Financial Times, the WSJ, and Business Insider - which are under attack for promoting Bleep and bleeping many worthy stocks that doesn't fit their current Script, meaning many now recognize their current Script is badly flawed.

    This is a Content! Rebellion.

    And it is about time it finally happened.

    (If only we could assemble a convoy of tumbrels and bring back the guillotine. Cramer first!)
    Feb 1 01:42 PM | 2 Likes Like |Link to Comment
  • The threat of resource nationalism shifts to Barrick Gold (ABX -1.2%) and Goldcorp (GG -1.6%), as the Dominican Republic’s congress says it wants a more favorable contract on the Pueblo Viejo mine, which reached commercial production two weeks ago. If the tax rate was raised to 35% and the net smelter royalty to 5%, NAV assumptions for each company could drop $0.40-$0.50/share. [View news story]
    Recusant,

    We all know know what's wrong, but we refuse - collectively, as a sector - managers, shareholders, and gurus alike - to do what is badly needed.

    And that is to play down appealing to the constituencies - the audiences - which are already there, i.e. Libertarians (in the guise of Austrians) and Classical Conservatives, and begin attempting to rope in the new audiences we need - i.e. Centrists and Progressives.

    We do that by embracing the Script I have been offering for over a decade now: Gold and Silver as weapons in the fight for a fairer, more equitable, and faster-growing world.

    This IS the Script most Gold Bulls - not Goldbugs, Gold Bulls - outside of the US and UK adhere to, whether they understand it fully or not.

    But it is still foreign to the US and UK markets and those who inhabit them.

    Now that the Other Side is fighting us so hard, we need to embrace the Gold is Growth, Gold is Progress, Gold is Fairness Script fully and from now on.

    (I know I have to start a blog series on this Script. Maybe even SA will have to print it!)
    Feb 1 12:39 PM | Likes Like |Link to Comment
  • AAII Sentiment Survey: Individual Investors Stay Optimistic [View article]
    This survey has become near meaningless, IMO, because traditional "retail" participation in the market is so small.

    A goodly portion of what is now considered "retail" now consists of all those ex-Wall Streeters and Bay Streeters and Worldwide Streeters who have been downsized or otherwise left the "official" trading community and are now trading on their own. They are anything but Sheeple or Newbies, and there are now so many of them, they are skewing "sentiment" to an extreme degree.

    (I am sure I am 100 percent correct with this thesis. So if anyone else wants to use it in their own work, fine. But please give me credit if you can. TIA.)
    Feb 1 12:21 PM | 1 Like Like |Link to Comment
  • Ford (F) January U.S. sales: +22.0% to 166,501 vehicles with retail sales up a brisk 24%. The Ford brand up 23.3% to 131,589 to help offset another slip in Lincoln sales. A big month for the Ford Fusion, up 65% to 22,399. The highly-watched C-Max Hybrid registered 2,725 sales for the month. The automaker's sales soared past the consensus estimate of analysts calling for a 17% Y/Y monthly gain. (PR[View news story]
    I think people have to start calling Spades Spades and admit that Ford's stock has been almost totally a CNBC Production the past year or so.

    The Ninnies - Fast and Otherwise - got it wrong and then compounded their wrong with a whole series of wrongs.

    Yet another proof that the Self-Anointed Ones should possibly never have been Anointed in the first place, however long ago that first place was.

    Actually, this is an immense victory for OUR side of the market - and for us.
    Feb 1 12:15 PM | 1 Like Like |Link to Comment
  • The threat of resource nationalism shifts to Barrick Gold (ABX -1.2%) and Goldcorp (GG -1.6%), as the Dominican Republic’s congress says it wants a more favorable contract on the Pueblo Viejo mine, which reached commercial production two weeks ago. If the tax rate was raised to 35% and the net smelter royalty to 5%, NAV assumptions for each company could drop $0.40-$0.50/share. [View news story]
    Knowing the bias here, I'd love to know where they got those "NAV assumptions." Guidance on both companies has been going down steadily for months now. So I would bet the Core Analysts in Canada never included rosy assumptions in their stats in the first place. And most GG assumptions do not include El Morro at all, even though re-permitting could be coming very soon.

    Frankly, I'd like to see the producers in this sector just band together and start insisting on better valuations, not worse ones.

    There is clearly a push by the bullion banks - themselves the ones under pressure - to get producers to start hedging furiously again as in the late 90s heyday. This is in turn an effect of all the new ETFs around the world and the push towards Gold repatriation - of Gold which may have been lent out and derivatized to such an extent, it has literally disappeared.

    The producers can't allow themselves - nor their shareholders - to be the bottom of the food chain any longer.
    Jan 31 04:42 PM | Likes Like |Link to Comment
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