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  • Jon Corzine (MFGLQ.PK) ordered $200M in customer funds moved to JPMorgan to cover an overdraft, an email from MF Global's treasurer suggests - a seeming contradiction of Corzine's congressional testimony "I did not instruct anyone to lend customer funds to anyone."   [View news story]
    I seem to remember the words "Or I'll ki(ll) you " included in the story somewhere.
    Mar 23, 2012. 05:24 PM | Likes Like |Link to Comment
  • Graham Tuckwell, who created the first ETFs for gold and oil, is looking to sell his company, ETF Securities, for a potential price of £1B ($1.6B), the FT reports. Tuckwell's decision comes as money pours into gold ETFs and scrutiny increases on the market for the funds.   [View news story]
    Grab the money and run before shareholders ask for their gold!!!
    Dec 4, 2011. 08:18 AM | 2 Likes Like |Link to Comment
  • Market recap: It's nice to finish with a pop after a tough week, as buyers returned to the market and pushed stocks higher. All three major indexes gained well over 1% on the day, and NYSE advancers led decliners two to one. For the week, however, Dow -4%, S&P -4.2%, Nasdaq -5%.   [View news story]
    I'm feeling BAD 'cause I'm long DXD. Do I have reason to worry more than a day or two??
    May 22, 2010. 06:05 PM | Likes Like |Link to Comment
  • Silver Short Squeeze: Once in a Lifetime Opportunity?  [View article]
    Jason, did you sell the coin shop you bought a while ago? Is your mother still selling silver hand over fist on E-bay? Is your brother still designing coins that you are having minted at a private mint from the 1000+ oz bars you bought at APMEX? Sure, the short squeeze may come but for the reasons mna outlined, don't hold your breath. Oh, I do hold physical and SLW and GDXJ so I'm not just venting here.
    Apr 17, 2010. 06:15 PM | Likes Like |Link to Comment
  • Gold: Despite New Highs, Most Investors Remain Uninformed and on the Sidelines  [View article]
    It is a VERY large market in a global sense. 1 gram bars are sold to Indian farmers in the post office. China has now allowed private ownership and is in fact, encouraging the public to buy not just gold but silver as well. The coming years will be like no other in history as the west declines and the east rises to heights they always thought they deserved. People who did not know an eagle from a Krugerrand are now installing a safe in their home to store their loot. If the audit of the fed includes a long over due inventory of Fort Knox, the resultant information will cause an incredible rush to hard assets and the Federal Reserve Note will not be worth the cost of the ink used to print it.
    Nov 19, 2009. 06:36 PM | Likes Like |Link to Comment
  • The Bleeding Edge of the Market Downturn  [View article]
    Pay no attention to the man behind the green curtain. Here in OZ the recovery is an individual thing and not dependent on the masses. Just like the old days.
    Jun 17, 2009. 03:23 PM | Likes Like |Link to Comment
  • Variable-Rate Demand Notes Now Freezing  [View article]
    This is the next "WMD" of the financial world. CDS and CMO were the first round but now the Muni world will be rocked. Ole' Barney better get cooking on the next Fed backstop for these or there will be an awful lot of bankrupt cities out there laying off workers providing critical services ie. sanitation, sewer, fire, roads etc.The question is "How does one profit from this debacle?" as a retail investor??
    Apr 17, 2009. 07:50 AM | Likes Like |Link to Comment
  • Using Futures to Buy Metals Wholesale  [View article]
    Try this link:www.jsmineset.com/ . I don'tknow why the first will not work.
    Nov 4, 2008. 04:46 AM | Likes Like |Link to Comment
  • Using Futures to Buy Metals Wholesale  [View article]
    Check out jsmineset.com for information and help with physical delivery. The actual task of coinage is a bit more complex than most are aware of. The Gold is Money web site has offered some great information and technical explainations of the process.
    Nov 3, 2008. 09:59 PM | Likes Like |Link to Comment
  • Paradigm Capital Analysts: More Gold Takeovers to Come  [View article]
    Gee, I'd figure all the dollars coming out of Washington should have some effect on inflation. I mean 700,000,000,000.00 is not just pocket change is it? Don't be the last one to the party boys.
    Oct 10, 2008. 10:49 AM | Likes Like |Link to Comment
  • Hedge Fund Redemptions: Let the Bloodbath Begin  [View article]
    It is a cycle, profit = greed. Larger profit-(risk-CDS)=Larg... greed
    When the risk has been taken out of a market and the profit allowed to grow unchecked EVERYONE runs to that plan. When everyone runs to one side of the boat, what happens?? Now comes the sharks.
    Oct 4, 2008. 02:55 AM | Likes Like |Link to Comment
  • How Precious Is Silver?  [View article]
    Sorry for the double post.
    Sep 18, 2008. 12:14 PM | Likes Like |Link to Comment
  • How Precious Is Silver?  [View article]
    It's nice to see another article in the mainstream media about the real value of silver. Now, when the COMEX price is equal to the street physical price we will have some balance. Try and buy some physical silver today in 10 or 100 oz bars, try and cash in pool metal accounts for physical metal.... lots of fishy stuff going on.
    Sep 18, 2008. 12:13 PM | Likes Like |Link to Comment
  • How Precious Is Silver?  [View article]
    It is nice to see something in the mainstream media about the value of silver. Now if the facts of supply and demand, the insane spread between the paper (COMEX) price and the physical price, and the actual shortage facing both industrial users and investors were to be public knowledge, you would really see some price movements. Oh, not so sure about SLV as a solid investment at this point. I don't think they hold the physical silver they claim to have on hand. Try and buy some 10 oz. or 100 oz bars somewhere and you will see what I'm talking aobut.
    Sep 18, 2008. 11:53 AM | Likes Like |Link to Comment
  • Law of Supply & Demand Is Dead for Gold & Silver  [View article]
    Three years from now, you are standing on a corner trying to buy food for your family. I'm a farmer and I have a bushel of apples. You have $1000.00 in paper money and 1/50 oz Gold. I have the apples. What do I take for the apples?? Gold or paper? Neither, I keep the apples and you and your family starve. Get it??
    Sep 17, 2008. 09:37 AM | Likes Like |Link to Comment