wardco

Three Metal Miners: Three Dynamic Business Models, Three Great Quarters

Many say that silver is an industrial metal that will not be recognized as a currency as has obviously happened with gold recently. This is why gold coins were in Bond's attaché case. Right? Since I don't travel in those circles, but rather in the swirl of my hot tub, I have noticed that a bit of silver here and there is a very good thing. The Far East is making money on industrial goods not monetary ones. Leave the gold to the bankers..in the West..they need it bad. It is the fast money. I will hold the silver in case they want some at a much higher price.
Thanks for the table pounding
Disclosure: long SLW

Protecting Yourself from a Gold ETF Bubble

They Oh I'm sorry"THEY" have a printing press. GLD would be that diluter. Printing gold is easy! Sell GLD use proceeds to short gold. A sack of gold is very hard. The real thing has a premium. Not liquid...very solid. Please explain those damn logistics again.


On Feb 24 10:44 AM The Mad Hedge Fund Trader wrote:

> If you have been regularly reading my letter you should by now have
> sacks of gold American Eagles stacked up against the walls, your
> portfolio is brimming with gold mining stocks like Barrick (seekingalpha.com/symbo...),
> Freeport McMoran (seekingalpha.com/symbo...), and Rangold
> Resources (seekingalpha.com/symbo...), and your safety
> deposit box is groaning from the weight of the gold bars it is holding.
> The barbaric relic is now up 20% since I recommended it in December,
> and you are no doubt wondering how to spend your new found fortune.
> Gold has since become the trade of the first quarter, with the open
> interest on call options on the Street Tracks Gold Shares ETF (seekingalpha.com/symbo...)
> exploding from 445,000 to 1.1 million in just the past few weeks.
> Options implied volatilities are suggesting that gold could hit $1,115/ounce
> by June. Oops, you forgot to buy the yellow metal? Use $50 pullbacks
> to get long. Investors will continue to pour into the sector, since
> it is one of the few things the government can’t create more of with
> a printing press.

Lehman Is Just the Thin Edge of the Wedge

"At this point, most of the credibility earned by people in authority has been lost. Nobody knows what’s going to happen next."

Credibility IS the issue. The value of every paper asset depends solely on this.
Hank and Ben told us Fannie and Freddie are just fine. That turned out to be a lie.
Alan told us ARMs are a good thing. another lie
The SEC is supposed protect the paper markets against cheating. They destroyed credibility by implying that cheating (counterfieting stock) is OK for market makers and people who do not do this with certain paper.
A man in a cave successfully attacked 3 of the most secure buildings on the planet and is still at large and vocal 7 years later.
The common man knows a lie when not under hypnosis. (Read: watching TV)
Unfortunately for most of us, what happens next will be decided by the very liers and thieves who got us into this mess systematically and responsibly.

Two Stocks That Are Likely to Double

Looks like HL is trying to get into the penny stock category too. How about 30 to 34 million shares at $6.50. The (naked) shorts could not have seen that coming?? no What good is value when paper printers rule?

Is the SEC 'Rumorgate' Push a Waste of Time?

Thanks for bringing up the ineffective tactics of the toothless SEC. The foxes (huge banker/brokers) have been guarding the hen house for a long time. Now that they are out of hens and attacking each other, they want protected. The SEC is riding to the rescue. Save the banks !! What about all the companies naked shorted to death? A non taxable event. Unless all the fraud stops very soon...game over. No one will continue to play a game that has a certain outcome.