doubleguns

Yen, Gold, and the Perfect Desert Storm

Japanese TV had an article tonight on all of the Japanese citizens buying dollars. Maybe they see the yen turning around against the dollar.

Quick Chat # 22- 11/27/09: Dubai Black Friday?

I dont think it would come from Washington, It would come from fear and the rest of the world moving to get dollars because of uncertainty.

Hold dollars not pesos mentality.

Quick Chat # 22- 11/27/09: Dubai Black Friday?

Dubai could trigger the dollar trade to collapse or at least get started in that direction.

Next week watch the dollar.

Dubai: The Counter Trade

This could be the start of the dollar trade going south and that would be an event that could really shake things up. Today was the first shot. We shall see what next week brings.

Douche Bag Of The Year Award

I will have to stick with BO.....So with little to do...

I nominate Marxist, Barry Soweto AKA Barack Obama as douche bag of the year because,
he worked for and supported ACORN who probably helped him steal the Presidential election,

he has allowed unemployment to reach over 10% and climbing,
he has failed to create any jobs with his stimulus porkulus bill giving money to pay for votes tallied and future expected votes,

he has lied about how many votes he has saved or created,
he stole bond holders money and gave it to unions,
he appointed Marxist, tax cheats and weirdoes as czars and cabinet officials,

he has attempted to hijack our medical system,
he has attempted to knee cap and triage our businesses in America,
he has apologized to numerous countries around the world as if we were the Nazis,

he has manipulated the news agencies (willing participants of course),
he has horribly indebted our nation,
he has allowed the black panthers, SEIU and ACORN to intimidate voters,

he has called the police names in support of an obviously bigoted out of control professor,

he has attempted to taint angry patriots who see through him
and I could go on much longer but my final reason for his nomination is....

He continues to allow our sons and daughters to die needlessly in Afghanistan while he sits idly by unable to make a decision because it is not politically acceptable to a most extreme portion of his supporters.

Simply put he has neither the experience, fortitude or leadership skills to be even a pathetic leader of our nation let alone our Commander in Chief.

David Rosenberg: "US in form of Depression" - Stock Market Cheers

I am sure the PPT would have made a valiant attempt.

More Losses on the Way: Don't Drink the Kool-Aid

If you are not terminal right now or very old count on seeing it.

On Nov 24 12:37 PM drewriders wrote:

> The major problem is neither party is prepared to do what really
> needs to be done which is to drastically cut spending for Medicare\Medicaid
> and the U.S. military. It is more important for the Dems to appear
> strong (military spending) and the GOP to appear to care about the
> welfare of the electorate (Bush's prescription drug program) in order
> to stay in office.
>
> We will eventually default on most, if not all, of our debts. I
> just hope it doesn't happen in my lifetime.

I Took My SDS up to a 60% Position Tonight After the Close

Freya, I think that oil would just get sold some where else. Like coal from the US being sold in China. The stock could still take a serious hit however so investors should pay close attention.

This is just going to drive the cost of energy even higher here in the US.

At what point do we get a revolt?


On Nov 24 03:12 AM Freya wrote:

> Triple and anyone in the Canadian Oil Sands Market.
>
> Read the following link and the Future Potential Consequences if
> this is allowed its course.
>
> go.infomine.com/?re=13...;tg=c.moreover.com/click/h...;f=10420

I Took My SDS up to a 60% Position Tonight After the Close

Since all of us and most likely the hedge funds etc.....are sitting smiling on our stops remember that any significant down turn could blow right through every ones stops.

Stops are not guarantees, they are hopes that a sucker..err, buyer will want to pay that price. I have found this out before, painfully.

Deficit Spending: The Emperor's Children Also Have No Clothes

You can run but you can not hide from the IRS and the taxing authority of them. If taxes go up here expect them to tax expats higher too.

Either you give up your citizenship or you run and hide. Not good options. We need to fix the problems here at home with a complete change of the tyrants in Washington. Otherwise there is no hope.

You can run but you can not hide. The tax man is right behind you.

Just Call Us Subprime Sam

At some point one begins to conclude that our govt is on this course for a reason.

Are they possibly trying to destroy our country from within?

I don't know the answer but what what other reason for this foolishness other than total incompetence, total corruption, total arrogance to the facts and total arrogance to "We the People."

No matter the answer, it has got to stop, and since they wont stop it "We the People" must stop it. goooh.com

Too Big to Fail vs. Too Political to Regulate

Congresses incompetence in a nut shell.

"Would any rise in interest rates to contain only a modest rise in inflation ever be tolerated by Congress? That is doubtful, so modest inflation would be permitted to turn into moderate inflation, which would soon evolve into higher inflation and, possibly, hyperinflation."

Just like our little debt, became moderate debt, which evolved to absurd debt to.........Presently astronomical debt.

And then there is unfunded liabilities.

Oh please don't get me started.

Gold Bears Stop Sector from Overheating

Yes we might get a pull back but that would be a buying opportunity. I have not met many people that are buyers of gold. There are very few. Many were sellers to Cash4Gold etc.. but not buyers. Untill they all start buying we are not at a top yet.

Hell, jewelry demand has not even picked back up yet.

We are just getting started.

Wall Street Breakfast: Must-Know News

Underwater mortgages at 23% but existing home sales surge. 23.5% YoY in October with help from the money for mortgages. Could it be a true turn around or are we setting up a lot more buyers to go swimming with sharks, at least they have $8000 of coverage before they go underwater.

"Companies that could not sell debt during the financial crisis are borrowing more aggressively, and being careful to sell debt with longer maturities to avoid being trapped by refinancing risk as they were in 2008, analysts said."

This would be kicking the can as far down the road as possible and hope that the turnaround has happened by the time the bonds are refinanced.

"Govt wants TARP money back".... My guess they are trying to get some liquidity out of the system to stem inflation.

No place to stash gold..... I have a solution, everyone bring it to my house.

Still the 'Most Hated Rally in History'

This bull market is being pulled along by the ring in its nose with the help of GS and the PPT. That is where the hatred comes from.

We are dealing with one POed bull and once they remove the ring from the bulls nose.... well I have my concerns.