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Homer II

Homer II
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  • Bernanke on the Economy [View article]
    what a windbag BB is
    Mar 1, 2011. 10:46 PM | 1 Like Like |Link to Comment
  • Gold Is Already Predicting the Next Fed Chairman [View article]
    where are you going to put your money:
    when stocks finally tank?
    when Treasuries rates start rising in earnest?
    when Real Estate collapses another 20%?
    when unemployment rises another 15-20%?
    Mar 1, 2011. 10:42 PM | Likes Like |Link to Comment
  • Bond Markets: What You See Isn't What You Get [View article]
    Rwe: for some idea what trouble the Fed has with surging gold prices, have a look at this:
    Feb 21, 2011. 04:47 PM | Likes Like |Link to Comment
  • Bond Markets: What You See Isn't What You Get [View article]
    Rwe: PMs are precious metals: gold, silver, platinum, palladium
    Feb 21, 2011. 11:01 AM | Likes Like |Link to Comment
  • Bond Markets: What You See Isn't What You Get [View article]
    Tom Colangelo said, "There is NO GOOD NEWS yet the market AND bonds continue to rise. Look no further than the FED. "

    The rising prices of PMs has to be worrying the Fed as well. Thus, it behooves them to add confusion to the investment landscape by a massive liquidity flood in order to orchestrate a rise in both bonds and equities, in no small attempt to thwart people from fleeing into PMs.
    Feb 19, 2011. 03:43 PM | Likes Like |Link to Comment
  • Gold Miners: A Bearish Hedge for Chickens [View article]
    China covets having the Yuan become the world's default currency. There are enormous benefits
    to having one's currency be the default. In order for this to occur, the dollar must become so weak that many other nations eventually refuse to trade or exchange goods for US dollars. When (not if) that day arrives, other nations will jockey for position to have their currency chosen as the new default. The primary basis for having a country's curremcy chosen to be the default is the strength of its reserve backing. And, gold has long been the cornerstone for this backing; not paper of any sort. For China to be selected as the country whose currency will become the new default for trade and exchange payments, they must grow their gold reserves. They currently have a huge amount of dollars which they wish to rid themselves of due to its declining value. So they are only too glad to buy gold from the US (or anyone) who has some for sale.

    China are very patient and when planning, they think in years and decades whereas we in the US only think in days, weeks and quarter years. They will wait and slowly accumulate their gold for that day when the dollar tumbles too far.
    Jan 14, 2011. 06:59 PM | 3 Likes Like |Link to Comment
  • Is Gold at $1000 Overpriced? [View article]
    Ricard blustered "There's over 8000 tons of myth sitting in Bernanke's vaults."

    How do you know that is an accurate amount? That number is OVER 57 YEARS OLD! The last audit of the gold at the Fed was undertaken in 1953.
    Jan 13, 2011. 01:04 AM | 3 Likes Like |Link to Comment
  • Is Gold Buying in India Slowing Down? [View article]
    A strong reason for the Chinese government to encourage gold purchasing nationwide is that they really covet the status of the world's default currency. They are watching how America's financial and soverign debt troubles are growing. As well, their currency actions are also designed to facilitate the collapse of the dollar. No surprise that they are building their gold reserves. The successor currency to the dollar will be the nation with the strongest currency, and that means strong reserves. America doesn't really focus on this because their view is very short-sighted: days, weeks, quarter-years. Collapse of the dollar is inconceivable to many in our government and in seats of financial power. Contrast that with the Chinese long-term views about everything their culture: years, decades. They are very likely to have it right this time too. Just a question of time. And they are better than we are at waiting.
    Dec 19, 2010. 02:53 AM | 1 Like Like |Link to Comment
  • Oil and Gold Commitment of Traders Tell a Story [View article]
    Carlos X. Alexandre said, "... When the words "Lunar" and "Diwali," the festival of lights, are thrown in, I start heading for the door."

    Thats too bad for you then. Did you notice that the price of Gold rose over $40 on Dhan Teras (Nov 5). That event was entirely predictable. I knew it, and made money by going long beforehand (increasing my core position, actually)
    Dec 19, 2010. 01:52 AM | Likes Like |Link to Comment
  • Fiscally Irresponsible Friday: Trading for Magic Beans [View article]
    a Socialist is one who fulfills their societal gratifications with other peoples money.
    Dec 19, 2010. 01:04 AM | 5 Likes Like |Link to Comment
  • Is There Structural Rigidity in the Labor Markets? [View article]
    First off, to Ronald, my hats off to your interesting research about the clogged state of under- or un-employment in the US economy.

    +10 to sleek, who makes perfect sense, in spite of his rose-colored glasses, viewing from the economic safety of his nation. BTW, your writing might be more readable if you would drop your interjected line-feeds and allow formatting to be automatic by the viewer's browser.

    -10 to LJK, who it seems is arguing to benefit organized labor who have taken a disproportionate share of the job-loss "beating". Perhaps the unions should internalize their greed.
    Dec 18, 2010. 07:44 PM | Likes Like |Link to Comment
  • First Recession Since End of WWI Where Government Help Isn't Trickling Down to the American People - Christopher Whalen [View article]
    353732 said, "... not of those who rule by the consent of governed but by an entrenched elite..."

    A.K.A. 'Government Aristocrats' around here.
    Dec 18, 2010. 03:27 PM | Likes Like |Link to Comment
  • WSJ Gets It Wrong on Unemployment Insurance [View article]
    Extending UI well beyond 26 weeks to 99 weeks is a clever trick by Democratic politicians to attempt to boost their voter rolls. I sure hope when Republicans gain control of both houses of congress, that they chop deeply into federal employment through budget cuts as those jobs eliminated will mostly belong to members of the same criminal party. What goes around comes around.
    Dec 11, 2010. 12:47 AM | 3 Likes Like |Link to Comment
  • Why We're Headed for a Collapse [View article]
    The day is rapidly descending upon us, when this country will undoubtedly collapse. Some significant number of our citizens will not make it. Those that labor, produce & give, they will survive. The other kind, those that slack, hold out their hands, consume, take, well.. they will not survive. simple survival of the fitest

    I really like the future that I see evolving here. God knows I am so sick of the current sense of entitlement all around me.
    Dec 10, 2010. 03:31 PM | 8 Likes Like |Link to Comment
  • Jobless Claims: This Is Progress? [View article]
    "Every number and comment we get from the government is BULLSH#T and all their forecast are lies!"

    I said this months ago, and repeated it AGAIN weeks ago, the BLS are serial LIARS and their commissioner Dr Keith Hall should have resigned if he has a shred of integrity left. I guess he has his head in the sand or he simply has contempt for us common folk like all the rest of the federal administration FILTH do.
    Oct 1, 2010. 01:01 AM | 2 Likes Like |Link to Comment