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Homer II

Homer II
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  • Putting The Current Gold Price Correction Into Proper Perspective [View article]
    mbcy, very lucid and cogent remarks about gold vs. fiat and its subs.

    As others have reiterated, nothing has changed. The US is still deep in a debt level which has now surpassed the 100% mark vs GDP, and their big banks which are hiding their losses behind the criminal federal regulatory bodies which refuse to uphold law by elaborate foot-dragging. The thinly-veiled trickery all around continues in the government, the equities and derivatives markets, and with complicit coverups by the financial media.

    The coming financial crash which is inevitable, will devastate record
    numbers of Americans (worldwide actually) in all walks of life. And it
    will come in spite of being forestalled by illegitimate maneuvers, such as the duplicitous paper metals markets in ETFs, namely GLD, SLV, being permitted to thrive with their staged sell-offs dragging down the price of metals themselves.

    Laugh while you can, all you disbelieving ponzi paper freaks. Nevertheless, it will all be defrocked eventually and lead to unprecedented collapse,for all those heedless hedonists.
    Oct 10 08:07 PM | 2 Likes Like |Link to Comment
  • Venezuela Sets Timetable For Gold Repatriation [View article]

    Interesting article. I just want to add that Chavez recently purchased an aging battleship from Russia. By now, his navy has learned how to navigate it in and out of harbor. What better opportunity than this for Hugo to show off his new toy. Imagine this big warship showing up in New York harbor and London docks to pick up their 360 some-odd tons of gold bars. Watch for it.
    Oct 7 07:21 PM | 2 Likes Like |Link to Comment
  • Gold Price Dynamics [View article]
    two words: FEDERAL RESERVE

    I suggest that they are MANIPULATING gold. How, I don't know. Does anyone? I have speculated that they are SELLING our national gold reserves, portions of which are stored in the basement at the NY Fed.

    Are they required to report any selling of US gold bars?

    Are they scheduled for any regular audits?

    I didn't think so.
    Sep 30 02:25 AM | Likes Like |Link to Comment
  • Deflationary Collapse Crushing Gold And Silver [View article]
    The big banks have effectively schemed to undermine gold and silver by creating and backing ETFs that are simply paper instruments CLAIMING to be backed 100% by gold and silver but which are really FRACTIONALLY-BACKED. Those same banks then took up huge long positions in this paper. Then whenever those banking cabals decide to, they start massive selling of those same said instruments, causing a general panic and further selling. This drives the price down hard in the METALS themselves. Their decisions to sell in the first place occurs whenever too much money is fleeing other FRACTIONALLY-BACKED paper markets into the metals market causing their fast rising prices and corresponding falling prices in those other markets. Thus, without holding very much of the actual underlying metals, the banking cabals can CONTROL the metals markets.

    This will continue until new metals markets evolve which cannot be manipulated by FRACTIONALLY-BACKED paper facsimilies. Of course, those markets will not start up in the US as there is no honest regulation nor policing using strict rules at this time. Irrefutable PROOF must exist that the metals being traded are 100% available and deliverable. Then and only then can the two products: paper or metal, be fairly traded.

    Until then, one's only safe choice IN THE USA is buying the bare metal itself in the form of coins, bars and jewelry.
    Sep 27 02:46 AM | 1 Like Like |Link to Comment
  • Whether The Straggling Gold Stocks Are Finally Ready To Catch Up [View article]
    When the change in control of the government happens in 2012, one of the first acts which will be legislated is a complete audit of the Fed including all of our gold. That's when we will all learn just how much of the gold at the NY Fed and possibly at Ft Knox remains. I'll bet that huge numbers of US gold bars have left the vaults like never before in our history. How else can they be paying to force the price of gold down every day? They are selling it.
    Sep 16 04:02 AM | 1 Like Like |Link to Comment
  • 6 Signs of Market Capitulation [View article]
    Rosie's one of the best economists out there. Better pay attention. Don't chase this sucker equities rally. You will be holding your head in your hands by Xmas time.

    OTOH, gold is being held down by a proverbial boot-on-the-throat, meaning massive attempts by bankers, soverigns to manipulate it are in effect. If left unchecked, gold buying will hog all of the oxygen from equities and USTs like a wildfire. They know it too.

    The next few weeks will likely be a time gold spends basing between $1750 and $1900, in spite of the Asian jewelry buying season. Indians were buying during the August rage trying to beat the fast rise. This could portend a slower buying season this year.

    The short and mid term ( weeks ) for gold is probably going to underwhelm expectations. World political and economic bad news is being suppressed. But the PTB cannot keep the lid on conditions for very long. Eventually, when crises start breaking out, gold will resume rising to over $2000 and beyond. The smart money is quietly accumulating for that next jump. Be ready.
    Sep 16 03:42 AM | 3 Likes Like |Link to Comment
  • Bernanke Is Loading His Gun [View article]
    "only 9% now"

    If you believe the BLS statistics, then the tortured number is 9%. it is 9% because Obama ORDERED that number to be the ceiling. So he can be president some more.

    you don't really have your head so deep in the sand that you think 9% is accurate do you? seriously.. clueless..
    Aug 25 02:20 AM | 1 Like Like |Link to Comment
  • Things Are About To Get Much Worse [View article]
    It is obvious that most readers here don't get it. They just sneer and laugh. They will learn the hard way. As they wait in line for a bowl of stone soup, and then go to sleep in their cardboard box. Laugh all you want. It happens about every 75 years.
    Aug 25 01:52 AM | 4 Likes Like |Link to Comment
  • Things Are About To Get Much Worse [View article]
    I don't think you understand the situation. You buy gold: the pure metal, coins, bars, jewelry, BEFORE the collapse of the currency comes. And you DON'T buy paper anything: not mining stocks, not ETFs, not futures contracts; nothing paper. Following a collapse, they all become as worthless as FRNs.
    Aug 25 01:45 AM | 2 Likes Like |Link to Comment
  • How Far Can Gold Fall? [View article]
    "It all ends when the big traders are all out."

    Oh you think so? How many BIG traders you think that would be?

    What about when 2 BILLION Indians and Chinese and innumerable South Americans, Central Americans, Canadians, and Africans, and Europeans, Arabs, and Persians, and Russians, Vietnamese, Indonesians, Pakistanis and on and on? They all buy gold.. they are still in and buying dips.. And they don't play futures.. they just buy and hold the metal. They don't have to be BIG traders cumulatively.. they just represent >95% of the numbers.
    Aug 25 12:59 AM | Likes Like |Link to Comment
  • Gold Down A Quick 5% [View article]
    This situation of an (orchestrated) gold sell-off is so predictable. Bernanke is caught between a rock and a hard place. If he announces that no additional QE is coming, then the markets will tank and gold will continue to rise. OTOH, if he ushers in QEn, then markets go up and gold will rise even faster. So, this raid on gold is TRANSITORY at best.

    What Americans ought to be worried about is how much of the gold in our national reserves he is desperately selling in a failing attempt to reverse the trend and thereby push gold down.
    Aug 24 04:37 PM | Likes Like |Link to Comment
  • Gold Down A Quick 5% [View article]
    OR... once again... the Fed and their minions orchestrated a criminal raid upon gold. They likely sold a few tons of the
    US gold reserves which are conveniently held at the NY Fed.
    Aug 24 04:12 PM | Likes Like |Link to Comment
  • Fed Benefits From Global Fears [View article]
    No mention anywhere of a wildcard entry into the Greek situation and that would be China.

    The Chinese have something to gain by seeing the US dollar/debt quandry worsen assuming that they ultimately desire to compete for the worlds default currency status when the dollar dies. And how quickly do China wish to see the dollar collapse? They have the US in an uncompromising position about now. But, they may wish to have more time beforehand to accumulate more Gold so as to fatten their reserves for the coming default currency change game.

    Everyone sees the Fed using Euro/Greek weakness as an opportunity to boost the falling dollar, however ephemerally. But, consider for example, what if China see Greece starting to topple and they suddenly decide to become a white knight and buy Greek bonds like they did last year? This is a distinct possibility. This move changes the dynamics of the dollar strengthening at the Euros expense.

    And China have a choice to make: To buy Greek debt and watch the ensuing mass egress from US Treasury paper? Or else, do they simply watch Greece fall over, followed by an ensuing panic in US MM funds dominoing from Greek default?

    Of course, you see my presumptions assume the EU is loathe to come to Greece's rescue. I don't have a good read on that possibility.
    Jun 26 04:43 AM | 1 Like Like |Link to Comment
  • Precious Metals Wars - Attack of the Trading Bots - Again [View article]
    The big prize in this game is whose, or what currency becomes the default once the dollar collapses. The only question is when, not if. My bet is on the Yuan.
    Jun 25 01:18 PM | 1 Like Like |Link to Comment
  • The Junk Debt Dilemma and the Summer Crash of 2011 [View article]
    Lets see if I have this straight: If the Greeks default, then the EU shocks will drive large sums into Gold/ If Greeks are saved by the EU, others, then perception noted above says exodus from USTs will drive large sums into Gold/

    Ergo, Greece defaults: gold goes up; Greece saved: Gold goes up.

    Could be why TPTB are so hell-bent in driving Gold down so they can buy it cheaper, since it seems to be a lock that it will soon rise either nicely or dramatically.
    Jun 25 04:10 AM | 1 Like Like |Link to Comment