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Homer II

Homer II
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  • Firms Predict Fed Will Announce QE3 [View article]
    This is Bernanke's last chance to do something accomodative (to whom?) yet is still timely enough to save Obama's job. If Obama goes, so does Bernanke. And, neither wants to leave office with all the messy unfinished business lying around. Tarnishes their image.

    I'll be looking for some twisting and some QE, come tomorrow. And I hope Gold roars as a result.
    Jun 19, 2012. 07:53 PM | Likes Like |Link to Comment
  • What We Expect From Fed Monetary Policy Meeting [View article]
    Fed policy meetings are a pathetic excuse to bash gold and silver prices, not to make any intelligent fiscal nor monetary proclamations. Or hadn't you noticed what happens every six weeks in the days days prior to these planned bashings?
    Apr 25, 2012. 03:38 AM | Likes Like |Link to Comment
  • The U.S. Employment Problem: All You Need To Know [View article]
    Some facts are required to support those assertions regarding ALL job loss in manufacturing was union-only. How about a citation?
    Apr 16, 2012. 02:41 PM | 2 Likes Like |Link to Comment
  • The U.S. Employment Problem: All You Need To Know [View article]
    Elliot, I assume that the articles title is not your original as is SA habit for taking license but, I digress... That said, All that I Need To Know about The U.S. Employment Problem is that it is historically low with respect to the percentage of the citizens ready to work. I also know that our own government agencies responsible for issuing statictics have been (fatally?) tainted by an ethic of politic over truth.
    Apr 16, 2012. 01:50 PM | 1 Like Like |Link to Comment
  • 2 Ways To Play Gold Miners Yamana And Allied Nevada [View article]
    ANV is one of the more heavily manipulated gold miners. Why do I say that? And how do I know that it is manipulated? I don't know, but how can anyone explain the stock price given the obvious well-publicized fundamentals. It has no debt, and a verified premium property at the Hycroft mine, with production moving up strongly, surging to 180K oz of Au equivalent last quarter. But, in spite of the massive multi-billion dollar investment in equipment expenditures for crushers, mills, ore trucks, etc., it's stock price remains floundering around in the low to mid $30s rather than moving steadily up to its consensus target of $57. It did reach $45 in Sept, 2011 but then was driven down by cosmic forces to the levels we find it languishing at today. Mystifying to say the least. What part of this world class mine's impressive development do investors not understand?
    Mar 20, 2012. 10:43 PM | 2 Likes Like |Link to Comment
  • Thoughts From The Frontline: Where Will The Jobs Come From? [View article]
    Interesting (and predictable) to see 4.1M "new hires" vs 3.9M "quits" which I believe is the new normal. Companies hiring want people who are actively working, not those who languish on the sidelines. Thus, most of the "sideliners" will either stay that way or take a different approach (ie: start a business, retire, move out-of-country, work off-grid for cash, etc.)

    I also predict that the major portion of these unfortunates will vote for the Republican presidential candidate in November, as they will largely blame Obama and the Democrats for their situation. Obama will thus lose the presidency BY DOUBLE-DIGITS.
    Mar 20, 2012. 12:04 AM | Likes Like |Link to Comment
  • The Federal Reserve And The New Transparency [View article]
    Coming from the Fed?! Cmon Mark, the Fed has become more opaque, not less. Their participation in the suppression of precious metals has become revolting. This body has become openly politicized, and secretive like never before in recent memory

    "new transparency" = oxymoron
    Jan 25, 2012. 12:44 PM | Likes Like |Link to Comment
  • $6,000 Gold? Keep An Eye On Newt Gingrich [View article]
    Curiously, all the Newt-haters who speak out in terse derision, have an absense of substance as to why he would be sooo bad as president.

    How about backing up your loath with some substantiated factful statements.
    Jan 24, 2012. 06:32 AM | 1 Like Like |Link to Comment
  • Spain Announces Beginning Of End: The Unfolding Global Fiasco Is Near [View article]
    118616 said, "Short-termism is a cancer in society right now."

    Well, what would you call buy-and-hold right now? In the last 12-18 months, has that worked profitably for you? or anyone else you know?

    This country is heading for financial collapse within the next 6 months to 3 years.
    Most econs with good sense support that position. The markets are massively manipulated by sovereign governments, TBTF banks, hedge funds. The regulators are corrupt and standing idly by.

    You may care dearly about your clients money. However, you are obviously naive or in denial about your ability to navigate a corrupt market. If you were clearheaded, you would return to your clients their money.
    Jan 21, 2012. 01:34 PM | 9 Likes Like |Link to Comment
  • What The Venezuela Exxon Settlement Means For Big Oil [View article]
    I am just surprised that the FRBNY and the UK sovereign bank turned over some 100-odd tons of gold bars to Venezuela a few weeks ago. Apparently, they did so before all debts and claims against Chavez's regime were settled. Perhaps because, they still hold an even larger sum of the remaining Venezuelan gold.
    Jan 6, 2012. 04:24 AM | 1 Like Like |Link to Comment
  • An Inconvenient Recovery [View article]
    Uhhh, BLS status of the economy??????????????....
    Dec 28, 2011. 02:35 AM | Likes Like |Link to Comment
  • Consumer Confidence At An 8 Month High [View article]
    agree with you 35.. Looking at the UM confidence index, it appears to dip after a new year gets underway. Perhaps revisiting consumer sentiment along about May 2012 would be more instructive. It would remove the "seasonal feel-good" factor to a large degree.

    Besides, there is actually very little improvement in the macro components of the economy as we all know: no major increase in jobs; no turn-around in housing sales; absolutely nothing to get excited about. That is, unless you are in the political camp of the emcumbent ruling party.
    Dec 27, 2011. 01:48 PM | 1 Like Like |Link to Comment
  • Ho Ho Humbug On Jobless Claims Gains [View article]

    I too am a skeptic with regards to anything that BLS reports about unemployment. Here is a piece which I read a couple days ago which if true, causes me even more concern with the cooked numbers BLS is likely to continue to emit.
    Dec 23, 2011. 05:02 AM | Likes Like |Link to Comment
  • Santa Claus Rally Prospects, Part II [View article]
    Malkiel +++
    That opinion was quite succint, yet articulately expresses what I believe 100%.
    Dec 10, 2011. 10:42 PM | 5 Likes Like |Link to Comment
  • Why The BLS Employment Report Is Flawed [View article]
    "Why are the BLS employment numbers frequently revised? "

    You missed a fifth reason: 5) The Obama administration HOPEd that things would be improving in the near future so the BLS thought that they could get away with undercounting actuals and not have much to "adjust" in the following months revisions.
    Well, that was a miscalculation of major proportions because it became so chronic, it caused many economists to lose faith in the BLS' numbers. They are a laughing stock now.
    Nov 21, 2011. 11:32 PM | 4 Likes Like |Link to Comment