GUS100CORRINA's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/232155/comments http://seekingalpha.com/article/1081441/comments?source=feed#comment-12979591 12979591
I am convinced that no one has an answer but GOD. One reality that is like a turd on the table is debt. The central banks are printing 24 x 7 with no end in site because of bad fiscal policies by all the nations of the world. Everyone wants the turd to go away ... but it just keeps getting bigger and stinkier.

See web site http://bit.ly/VWYY2y]]> Tue, 25 Dec 2012 23:04:31 -0500
I am convinced that no one has an answer but GOD. One reality that is like a turd on the table is debt. The central banks are printing 24 x 7 with no end in site because of bad fiscal policies by all the nations of the world. Everyone wants the turd to go away ... but it just keeps getting bigger and stinkier.

See web site http://bit.ly/VWYY2y]]> http://seekingalpha.com/article/1080381/comments?source=feed#comment-12964621 12964621
The author is right on the mark. And yes ... you did miss something and it is subtle. The authorities (who ever they are) keep changing the way CPI is calculated. They have done it at times when it has been politically expedient to do so. In addition, the manufacturers of food products have been reducing container sizes for same price.

While I could site 100s of examples, one of my favorite examples is Walgreens. They went from a pricing model where you could buy one get one free to a pricing model where you buy one and get the second at 50% off. That is a 50% price increase. It is going on everywhere.

Please visit website shadowstats.com to get the real, truthful story.]]> Tue, 25 Dec 2012 06:40:53 -0500
The author is right on the mark. And yes ... you did miss something and it is subtle. The authorities (who ever they are) keep changing the way CPI is calculated. They have done it at times when it has been politically expedient to do so. In addition, the manufacturers of food products have been reducing container sizes for same price.

While I could site 100s of examples, one of my favorite examples is Walgreens. They went from a pricing model where you could buy one get one free to a pricing model where you buy one and get the second at 50% off. That is a 50% price increase. It is going on everywhere.

Please visit website shadowstats.com to get the real, truthful story.]]> http://seekingalpha.com/article/1080331/comments?source=feed#comment-12964311 12964311
Well put. I agree.

I keep wondering how much longer prices for PM stocks will remain at depressed levels? Like E Sprott said recently ... it is a question of whether you view the glass as half empty or half full. When (not if) GOLD heads back toward $1,800, the view of the mining stocks will change.

Here is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets and mining stocks.

Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."

Merry Christmas]]> Tue, 25 Dec 2012 05:22:29 -0500
Well put. I agree.

I keep wondering how much longer prices for PM stocks will remain at depressed levels? Like E Sprott said recently ... it is a question of whether you view the glass as half empty or half full. When (not if) GOLD heads back toward $1,800, the view of the mining stocks will change.

Here is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets and mining stocks.

Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."

Merry Christmas]]> http://seekingalpha.com/article/1080891/comments?source=feed#comment-12964271 12964271
You nailed it! Right on!

I could not have said it better myself.

Merry Christmas]]> Tue, 25 Dec 2012 05:18:18 -0500
You nailed it! Right on!

I could not have said it better myself.

Merry Christmas]]> http://seekingalpha.com/article/1079661/comments?source=feed#comment-12943361 12943361
You are absolutely right on the mark with the CPI discussion. I see so many pundits quoting/using government CPI data which is distorted/manipulated to obtain a desired "political" result. John Williams' shadowstats web site really does a good job of detailing the history of government misinformation.

In any discussion, the presupposition ends up being the foundation of the discussion. If one's presupposition assumes that government data is valid and truthful, then the whole argument for a position falls apart and is nothing more than meaningless words on a printed sheet.]]> Mon, 24 Dec 2012 10:11:44 -0500
You are absolutely right on the mark with the CPI discussion. I see so many pundits quoting/using government CPI data which is distorted/manipulated to obtain a desired "political" result. John Williams' shadowstats web site really does a good job of detailing the history of government misinformation.

In any discussion, the presupposition ends up being the foundation of the discussion. If one's presupposition assumes that government data is valid and truthful, then the whole argument for a position falls apart and is nothing more than meaningless words on a printed sheet.]]> http://seekingalpha.com/article/1079661/comments?source=feed#comment-12940931 12940931
"But the lion's share of the investing population doesn't share them, and as such gold is going down."

To make a statement like the one above is misinformed at best and arrogant at worst. The lions share of large funds have huge insurance policies against disaster using the SP500 put options (Put/Call ratio on the S&P is 3 to 1).

You, like so many other Americans, are in absolute denial.]]> Mon, 24 Dec 2012 09:05:49 -0500
"But the lion's share of the investing population doesn't share them, and as such gold is going down."

To make a statement like the one above is misinformed at best and arrogant at worst. The lions share of large funds have huge insurance policies against disaster using the SP500 put options (Put/Call ratio on the S&P is 3 to 1).

You, like so many other Americans, are in absolute denial.]]> http://seekingalpha.com/article/1079671/comments?source=feed#comment-12939241 12939241
1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what the US Debt reality looks like.

http://demonocracy.info

It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up over 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape" and we have stolen the future from the next generation to "paint the tape".

Finally, below is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."]]> Mon, 24 Dec 2012 08:08:55 -0500
1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what the US Debt reality looks like.

http://demonocracy.info

It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up over 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape" and we have stolen the future from the next generation to "paint the tape".

Finally, below is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."]]> http://seekingalpha.com/article/1079661/comments?source=feed#comment-12938991 12938991
I agree 100% with your comment.

Bamaba ...

To get a sense of what reality looks like, below are challenges that need to be addressed. If addressed, I would agree 100% with your comments.

1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what the US Debt reality looks like.

http://demonocracy.info

It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape".

Finally, below is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."]]> Mon, 24 Dec 2012 07:54:11 -0500
I agree 100% with your comment.

Bamaba ...

To get a sense of what reality looks like, below are challenges that need to be addressed. If addressed, I would agree 100% with your comments.

1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what the US Debt reality looks like.

http://demonocracy.info

It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape".

Finally, below is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."]]> http://seekingalpha.com/article/1079411/comments?source=feed#comment-12932841 12932841
great question ... from a technical smorgasbord, everyone has an opinion and can build the case for any number they want to justify. I have listened to over dozen people and the general consensus of those people is that we are close to a bottom in gold in the 1575-1625+ range. Silver also looks close to a bottom. What is interesting is that the gold and silver mining stocks appear to be firming which might be a "canary in the coal mine" type of indicator.

I too have noticed Platinum's dismal performance. In fact the entire industrial metals complex is getting hammered which would include copper, palladium, platinum and silver. Looks like these metals might be an early warning sign for an economy that is getting ready to go into the toilet.

My observation is that there has been so much government intervention that all of the historical economic relationships and models are broken and no longer valid. Anyone who says they have an answer is a liar.]]> Sun, 23 Dec 2012 23:07:59 -0500
great question ... from a technical smorgasbord, everyone has an opinion and can build the case for any number they want to justify. I have listened to over dozen people and the general consensus of those people is that we are close to a bottom in gold in the 1575-1625+ range. Silver also looks close to a bottom. What is interesting is that the gold and silver mining stocks appear to be firming which might be a "canary in the coal mine" type of indicator.

I too have noticed Platinum's dismal performance. In fact the entire industrial metals complex is getting hammered which would include copper, palladium, platinum and silver. Looks like these metals might be an early warning sign for an economy that is getting ready to go into the toilet.

My observation is that there has been so much government intervention that all of the historical economic relationships and models are broken and no longer valid. Anyone who says they have an answer is a liar.]]> http://seekingalpha.com/article/1079411/comments?source=feed#comment-12930781 12930781
Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."]]> Sun, 23 Dec 2012 20:50:32 -0500
Submitted by Gordon T. Long of GordonTLong.com,

"We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."]]> http://seekingalpha.com/article/1079371/comments?source=feed#comment-12930071 12930071
I believe there is a good chance Patrick might be right for the following reasons:

Technical
=======
With Fibonacci, EW and other complex mathematical analysis aside, both GOLD and SILVER look to be in the process of completing a large CUP-HANDLE formation. In addition, GOLD has formed a potential bullish flag. Next few days should confirm.

Fundamental
==========
US has a debt problem that is beyond description. Fed printing presses are running 24x7. See the web site link below to get a snapshot of what reality looks like.

http://demonocracy.info]]> Sun, 23 Dec 2012 20:19:27 -0500
I believe there is a good chance Patrick might be right for the following reasons:

Technical
=======
With Fibonacci, EW and other complex mathematical analysis aside, both GOLD and SILVER look to be in the process of completing a large CUP-HANDLE formation. In addition, GOLD has formed a potential bullish flag. Next few days should confirm.

Fundamental
==========
US has a debt problem that is beyond description. Fed printing presses are running 24x7. See the web site link below to get a snapshot of what reality looks like.

http://demonocracy.info]]> http://seekingalpha.com/article/1078781/comments?source=feed#comment-12915691 12915691
I have seen information from zerohedge earlier in the week that resulted in a "flash crash" overnight in the S&P mini-futures. In fact S&P was down limit and recovered because either the PPT or other authority intervened. No technical analysis is going to prepare people for what is ahead. Unlike 1987, everyone on the planet has the ability to execute sell orders via stops, etc. I can remember is that morning while working for GE, I went to work. In the morning GE stock was selling in the 70's and by the close of the day it was in the 30's. With HFTs, leverage, debt, etc., all of the pieces are in place to create an event that no technical analysis can predict. Also, in 1987, everyone was using a broker. Today we have the internet and an interconnected world with 629 Trillion dollars in derivatives. Use of dervatives like you are suggesting, while offering hedging and protection, are part of the problem.]]> Sun, 23 Dec 2012 09:37:32 -0500
I have seen information from zerohedge earlier in the week that resulted in a "flash crash" overnight in the S&P mini-futures. In fact S&P was down limit and recovered because either the PPT or other authority intervened. No technical analysis is going to prepare people for what is ahead. Unlike 1987, everyone on the planet has the ability to execute sell orders via stops, etc. I can remember is that morning while working for GE, I went to work. In the morning GE stock was selling in the 70's and by the close of the day it was in the 30's. With HFTs, leverage, debt, etc., all of the pieces are in place to create an event that no technical analysis can predict. Also, in 1987, everyone was using a broker. Today we have the internet and an interconnected world with 629 Trillion dollars in derivatives. Use of dervatives like you are suggesting, while offering hedging and protection, are part of the problem.]]> http://seekingalpha.com/article/1078781/comments?source=feed#comment-12908241 12908241
Nice job putting information together.

There are two sides to any transaction ... FEAR and FAITH. Which ever direction SILVER does go, the broader market will most probably follow.

The reality of debt and spending will have to be addressed. If not, the consequences will be that both SILVER and GOLD prices will rise without bound and FEAR will become the motivation because people will eventually loose FAITH in leadership to resolve the fiscal challenges in a credible way. Below is a market reality regarding debt that no one can ignore for much longer. If ignored, no technical analysis is going to matter when the wheels come off of the financial cart.

1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what the US Debt reality looks like.

http://demonocracy.info

It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape".]]> Sun, 23 Dec 2012 03:45:47 -0500
Nice job putting information together.

There are two sides to any transaction ... FEAR and FAITH. Which ever direction SILVER does go, the broader market will most probably follow.

The reality of debt and spending will have to be addressed. If not, the consequences will be that both SILVER and GOLD prices will rise without bound and FEAR will become the motivation because people will eventually loose FAITH in leadership to resolve the fiscal challenges in a credible way. Below is a market reality regarding debt that no one can ignore for much longer. If ignored, no technical analysis is going to matter when the wheels come off of the financial cart.

1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what the US Debt reality looks like.

http://demonocracy.info

It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape".]]> http://seekingalpha.com/article/1078431/comments?source=feed#comment-12884301 12884301
I agree ... it is time to live within our means.]]> Fri, 21 Dec 2012 21:49:31 -0500
I agree ... it is time to live within our means.]]> http://seekingalpha.com/article/1078431/comments?source=feed#comment-12884201 12884201
I just find it extraordinary that gold and silver are not much higher when I read things like note below:

"Amazingly, the U.S. national debt is now up to 16.3 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars."

The above is theft of the next generation's future. This is really, really sad.]]> Fri, 21 Dec 2012 21:45:59 -0500
I just find it extraordinary that gold and silver are not much higher when I read things like note below:

"Amazingly, the U.S. national debt is now up to 16.3 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars."

The above is theft of the next generation's future. This is really, really sad.]]> http://seekingalpha.com/article/1078201/comments?source=feed#comment-12880901 12880901
Conclusion: It really is different this time and to site Jim Rogers opinion and his perspective on the history of the 1970s has very little, if no, relevance to today's situation. History does not repeat, but it rhymes. To get a glimpse of visual reality of the US debt situation, visit the following web site:

http://bit.ly/VWYY2y

If GOLD were to goto $10,000 an ounce, that just might be the motivation for our political leaders to get serious about leadership and come up with a credible fiscal plan. What is interesting, with GOLD at $10,000 an ounce, the US holdings could be partially liquidated to reverse the debt trend from up to down.]]> Fri, 21 Dec 2012 19:09:26 -0500
Conclusion: It really is different this time and to site Jim Rogers opinion and his perspective on the history of the 1970s has very little, if no, relevance to today's situation. History does not repeat, but it rhymes. To get a glimpse of visual reality of the US debt situation, visit the following web site:

http://bit.ly/VWYY2y

If GOLD were to goto $10,000 an ounce, that just might be the motivation for our political leaders to get serious about leadership and come up with a credible fiscal plan. What is interesting, with GOLD at $10,000 an ounce, the US holdings could be partially liquidated to reverse the debt trend from up to down.]]> http://seekingalpha.com/article/1078391/comments?source=feed#comment-12879811 12879811
I am a student of American history and I can assure you and everyone reading this comment that if this was 1,700s, many of our political leaders would have been executed (shot or hung) for treason.

Just look at the mess we are in with regards to the US debt. To see the debt reality in graphical form, please take time to visit the following web site:

http://bit.ly/VWYY2y

America is in a precarious position. What do we see? Congress is on leave and the president is on his way to Hawaii. Unbelievable!]]> Fri, 21 Dec 2012 18:28:28 -0500
I am a student of American history and I can assure you and everyone reading this comment that if this was 1,700s, many of our political leaders would have been executed (shot or hung) for treason.

Just look at the mess we are in with regards to the US debt. To see the debt reality in graphical form, please take time to visit the following web site:

http://bit.ly/VWYY2y

America is in a precarious position. What do we see? Congress is on leave and the president is on his way to Hawaii. Unbelievable!]]> http://seekingalpha.com/article/1077831/comments?source=feed#comment-12878231 12878231
The day is coming when the wheels will come off the financial cart.]]> Fri, 21 Dec 2012 17:31:09 -0500
The day is coming when the wheels will come off the financial cart.]]> http://seekingalpha.com/article/1077751/comments?source=feed#comment-12874991 12874991 Fri, 21 Dec 2012 15:55:19 -0500 http://seekingalpha.com/article/1076631/comments?source=feed#comment-12845431 12845431
Good question for Paulo ... it kind of blows his simple GOLD explanation out of the water. I would extend your question to Platinum and Palladium as well. In fact, below are the results of the performance of all the metals at midday. Note that GOLD was the best performing metal of the bunch. It should be noted that the other metals are tied to the economies of the world. COPPER was also down 2% today as well.

GOLD -1.49%
SILVER -4.13%
PLATINUM -2.90%
PALLADIUM -1.74%

Bottom Line: Selling probably happening because people want to avoid taxes proposed by our leadership in Washington.]]> Thu, 20 Dec 2012 22:07:17 -0500
Good question for Paulo ... it kind of blows his simple GOLD explanation out of the water. I would extend your question to Platinum and Palladium as well. In fact, below are the results of the performance of all the metals at midday. Note that GOLD was the best performing metal of the bunch. It should be noted that the other metals are tied to the economies of the world. COPPER was also down 2% today as well.

GOLD -1.49%
SILVER -4.13%
PLATINUM -2.90%
PALLADIUM -1.74%

Bottom Line: Selling probably happening because people want to avoid taxes proposed by our leadership in Washington.]]> http://seekingalpha.com/article/1076631/comments?source=feed#comment-12844331 12844331
There are two sides to any transaction ... FEAR and FAITH.

The reality of debt and spending will have to be addressed. If not, the consequences will be a GOLD price that will rise without bound and FEAR will become the motivation because people will eventually loose FAITH in leadership to resolve the fiscal challenges in a credible way. Below is the reality of debt factors that need to be addressed.

1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities make the who debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. Yesterday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship if it does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what reality looks like.

http://demonocracy.info]]> Thu, 20 Dec 2012 21:29:46 -0500
There are two sides to any transaction ... FEAR and FAITH.

The reality of debt and spending will have to be addressed. If not, the consequences will be a GOLD price that will rise without bound and FEAR will become the motivation because people will eventually loose FAITH in leadership to resolve the fiscal challenges in a credible way. Below is the reality of debt factors that need to be addressed.

1. US debt is $16.3 Trillion and climbing.
2. US unfunded liabilities make the who debt calculation soar to above $120+ Trillion.
3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
4. Yesterday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship if it does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what reality looks like.

http://demonocracy.info]]> http://seekingalpha.com/article/1073891/comments?source=feed#comment-12827041 12827041
I concur ... what is really curious today is the following:

This morning, 20Dec12, the commerce dept. revised up the 3rd Quarter GDP to 3.1. If the economy is truly getting better, then why in the world are platinum, palladium and silver getting absolutely slammed? These metal have industrial uses tied directly to economic activity which makes absolutely no sense to me. Gold is holding up the best. This morning I bought Silver and nibbled at some mining stocks.

GOLD -1.49%
SILVER -4.13%
PLATINUM -2.90%
PALLADIUM -1.74%]]> Thu, 20 Dec 2012 13:32:34 -0500
I concur ... what is really curious today is the following:

This morning, 20Dec12, the commerce dept. revised up the 3rd Quarter GDP to 3.1. If the economy is truly getting better, then why in the world are platinum, palladium and silver getting absolutely slammed? These metal have industrial uses tied directly to economic activity which makes absolutely no sense to me. Gold is holding up the best. This morning I bought Silver and nibbled at some mining stocks.

GOLD -1.49%
SILVER -4.13%
PLATINUM -2.90%
PALLADIUM -1.74%]]> http://seekingalpha.com/article/1075321/comments?source=feed#comment-12826001 12826001
One thing that is perplexing to me in the market is this one fact today, 20Dec12.

This morning, 20Dec12, the commerce dept. revised up the 3rd Quarter GDP to 3.1. If the economy is truly getting better, then why in the world are platinum, palladium and silver getting absolutely slammed? These metal have industrial uses tied directly to economic activity which makes absolutely no sense to me. Gold is holding up the best. This morning I bought Silver and nibbled at some mining stocks.

GOLD -1.49%
SILVER -4.13%
PLATINUM -2.90%
PALLADIUM -1.74%]]> Thu, 20 Dec 2012 13:14:56 -0500
One thing that is perplexing to me in the market is this one fact today, 20Dec12.

This morning, 20Dec12, the commerce dept. revised up the 3rd Quarter GDP to 3.1. If the economy is truly getting better, then why in the world are platinum, palladium and silver getting absolutely slammed? These metal have industrial uses tied directly to economic activity which makes absolutely no sense to me. Gold is holding up the best. This morning I bought Silver and nibbled at some mining stocks.

GOLD -1.49%
SILVER -4.13%
PLATINUM -2.90%
PALLADIUM -1.74%]]> http://seekingalpha.com/article/1075141/comments?source=feed#comment-12818131 12818131
1. US debt is $16.3 Trillion and climbing.

2. US unfunded liabilities make the who debt calculation soar to above $120+ Trillion.

3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.

4. Yesterday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship if it does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what reality looks like.

http://demonocracy.info]]> Thu, 20 Dec 2012 11:00:44 -0500
1. US debt is $16.3 Trillion and climbing.

2. US unfunded liabilities make the who debt calculation soar to above $120+ Trillion.

3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.

4. Yesterday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship if it does not address the fiscal cliff issue and soon.

See video clip at web site below to get a visual picture of what reality looks like.

http://demonocracy.info]]> http://seekingalpha.com/article/1074491/comments?source=feed#comment-12815541 12815541
Debt is actually 16.3 Trillion and climbing. ]]> Thu, 20 Dec 2012 10:18:16 -0500
Debt is actually 16.3 Trillion and climbing. ]]> http://seekingalpha.com/article/1074061/comments?source=feed#comment-12796421 12796421
I absolutely agree with your open remark "Such worthless myopic evaluation of the other currencies." If something doesn't change, US as a nation is on the path to financial armageddon. We need to think about the next generation, not the current generation. I have read reports where current sitting president's plans will expand debt by 20%+ because of spending.

To the Author:

Below is something you need to read and internalize. Please, please take the time and go to the web site identified below and watch the video.

Fitch Warning Issued on 19Dec12
Ratings firm Fitch warned that it would take America's AAA rating away if politicians can't come to an agreement to avoid the fiscal cliff.

Fitch said in its 2013 Global Outlook that America's failure to avoid the cliff "would exacerbate rather than diminish the uncertainty over fiscal policy, and tip the US into an avoidable and unnecessary recession."

"That could erode medium-term growth potential and financial stability. In such a scenario, there would be an increased likelihood that the US would lose its AAA status."
==================
To see why this will happen, just view the following video. Five (5) of these debt skyscrapers occurred within last four years.

http://demonocracy.info

Bottom Line: While the market is up over last four (4) years by market cap., the debt is up three (3) fold to achieve the gains.

May God forgive us for the mismanagement of his gifts and for the theft of our children and grandchildren's future.]]> Wed, 19 Dec 2012 19:36:13 -0500
I absolutely agree with your open remark "Such worthless myopic evaluation of the other currencies." If something doesn't change, US as a nation is on the path to financial armageddon. We need to think about the next generation, not the current generation. I have read reports where current sitting president's plans will expand debt by 20%+ because of spending.

To the Author:

Below is something you need to read and internalize. Please, please take the time and go to the web site identified below and watch the video.

Fitch Warning Issued on 19Dec12
Ratings firm Fitch warned that it would take America's AAA rating away if politicians can't come to an agreement to avoid the fiscal cliff.

Fitch said in its 2013 Global Outlook that America's failure to avoid the cliff "would exacerbate rather than diminish the uncertainty over fiscal policy, and tip the US into an avoidable and unnecessary recession."

"That could erode medium-term growth potential and financial stability. In such a scenario, there would be an increased likelihood that the US would lose its AAA status."
==================
To see why this will happen, just view the following video. Five (5) of these debt skyscrapers occurred within last four years.

http://demonocracy.info

Bottom Line: While the market is up over last four (4) years by market cap., the debt is up three (3) fold to achieve the gains.

May God forgive us for the mismanagement of his gifts and for the theft of our children and grandchildren's future.]]> http://seekingalpha.com/article/1072871/comments?source=feed#comment-12779161 12779161
I agree ... AAPL has a death-cross on chart and after the "painting of the tape crap" is over, AAPL and probably the market in general is going south. In case no one is paying attention, US got a sober downgrade warning from Fitch this morning, 19Dec12.

Fitch Warning Issued on 19Dec12
Ratings firm Fitch warned that it would take America's AAA rating away if politicians can't come to an agreement to avoid the fiscal cliff.

Fitch said in its 2013 Global Outlook that America's failure to avoid the cliff "would exacerbate rather than diminish the uncertainty over fiscal policy, and tip the US into an avoidable and unnecessary recession."

"That could erode medium-term growth potential and financial stability. In such a scenario, there would be an increased likelihood that the US would lose its AAA status."
==================
To see why this will happen, just view the following video. Five (5) of these debt skyscrapers occurred within last four years.

http://demonocracy.info

Bottom Line: While the market is up over last four (4) years by market cap., the debt is up three (3) fold to achieve the gains.

May God forgive us for the mismanagement of his gifts and for the theft of our children and grandchildren's future.]]> Wed, 19 Dec 2012 12:39:30 -0500
I agree ... AAPL has a death-cross on chart and after the "painting of the tape crap" is over, AAPL and probably the market in general is going south. In case no one is paying attention, US got a sober downgrade warning from Fitch this morning, 19Dec12.

Fitch Warning Issued on 19Dec12
Ratings firm Fitch warned that it would take America's AAA rating away if politicians can't come to an agreement to avoid the fiscal cliff.

Fitch said in its 2013 Global Outlook that America's failure to avoid the cliff "would exacerbate rather than diminish the uncertainty over fiscal policy, and tip the US into an avoidable and unnecessary recession."

"That could erode medium-term growth potential and financial stability. In such a scenario, there would be an increased likelihood that the US would lose its AAA status."
==================
To see why this will happen, just view the following video. Five (5) of these debt skyscrapers occurred within last four years.

http://demonocracy.info

Bottom Line: While the market is up over last four (4) years by market cap., the debt is up three (3) fold to achieve the gains.

May God forgive us for the mismanagement of his gifts and for the theft of our children and grandchildren's future.]]> http://seekingalpha.com/article/1069641/comments?source=feed#comment-12757651 12757651
This year, 2012, AUY will produce between 1.2MM to 135MM GEO. Next year AUY projected to produce between 1.5MM to 1.75MM GEO. That is nice growth rate. Now some simple math to calculate next year's projected earnings using lower end of production range.

All-in cost factor = 0.285
Total Revenue from GEO = 1,500,000 * 1,675/ounce = $2.53 Bil
Total Revenue from Copper = 135,000,000 lbs * $3.5/Ib = $0.47 Bil
Total Revenue = $3.0 Bil
Total Number of Shares = 746,500,000

Earnings/Share = ($3.0 Bil * 0.285)/746.5 Million = $1.14 / share.
Projected P/E = 14.9

Note that above assumes that commodity prices stay same and projects are brought online per schedule. Many of the companies are much better than example I have illustrated above.

GDX may be on the verge of a huge move upward if price commodities rise as projected.]]> Tue, 18 Dec 2012 22:24:57 -0500
This year, 2012, AUY will produce between 1.2MM to 135MM GEO. Next year AUY projected to produce between 1.5MM to 1.75MM GEO. That is nice growth rate. Now some simple math to calculate next year's projected earnings using lower end of production range.

All-in cost factor = 0.285
Total Revenue from GEO = 1,500,000 * 1,675/ounce = $2.53 Bil
Total Revenue from Copper = 135,000,000 lbs * $3.5/Ib = $0.47 Bil
Total Revenue = $3.0 Bil
Total Number of Shares = 746,500,000

Earnings/Share = ($3.0 Bil * 0.285)/746.5 Million = $1.14 / share.
Projected P/E = 14.9

Note that above assumes that commodity prices stay same and projects are brought online per schedule. Many of the companies are much better than example I have illustrated above.

GDX may be on the verge of a huge move upward if price commodities rise as projected.]]> http://seekingalpha.com/article/1069651/comments?source=feed#comment-12735571 12735571
Silver is setting up perfectly for 2013. Let the games begin.

By the way, US is in the process of building several more "money-based debt skyscrapers". See web site below and watch the video to get a better picture of what I am referring to in this comment section.

http://demonocracy.info]]> Tue, 18 Dec 2012 13:14:22 -0500
Silver is setting up perfectly for 2013. Let the games begin.

By the way, US is in the process of building several more "money-based debt skyscrapers". See web site below and watch the video to get a better picture of what I am referring to in this comment section.

http://demonocracy.info]]> http://seekingalpha.com/article/1069491/comments?source=feed#comment-12732901 12732901
I agree with silver comment.

While I have never read your addiction book, I sincerely hope that Jesus Christ is at the core of the presentation. I certainly do not see any reference to he Lord Jesus Christ in your information.

Merry Christmas.]]> Tue, 18 Dec 2012 12:17:10 -0500
I agree with silver comment.

While I have never read your addiction book, I sincerely hope that Jesus Christ is at the core of the presentation. I certainly do not see any reference to he Lord Jesus Christ in your information.

Merry Christmas.]]>