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Homer II

Homer II
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  • Is the Data Really That Good? [View article]
    There are all these claims that the market is getting ready to blast off, through this cloud of negativism, wall of worry, up and up and beyond S&P500 levels of 1200, 1300.

    Well don't forget that there are national midterm elections coming up in six weeks. The party in power has a vested interest in convincing the voters that their plan for growing us out of this recession is working, and they just need more time to build upon their "successes" to date.

    But where are the supporting numbers coming from? Mostly the federal government. And they are busy, busy, massaging the numbers to twist them to show a fantasy picture: that housing market is recovering, that jobs market is recovering, that sales are improving, yadda, yadda, yah.

    I say hogwash to that! the truth be known, behind the green curtain, the plunge protection team and the high frequency traders, and the BLS and the federal reserve and the treasury are all conniving to deceive everyone that the economic situation is all roses. The Wizard of Ozbama says it's so. Must be, huh?

    The Democrats have been calling Republican Party the "Party of No" for awhile now.

    And I say, the Democratic Party is the "Party of NO ANSWERS"
    Sep 20 11:27 PM | 7 Likes Like |Link to Comment
  • Are We Really on the Verge of the Biggest Bear Market in 300 Years? [View article]
    Prechter did NOT call the 1987 crash. He CLAIMS he did, but he was LATE and everyone knew he was. The man is a shameless charlatan.
    Sep 19 08:40 PM | 1 Like Like |Link to Comment
  • Gold: The Luster Is Back [View article]
    Your prediction could not be farther off, in timing, in direction and in distance.
    Sep 19 07:46 PM | 3 Likes Like |Link to Comment
  • It's Not Too Late to Buy Gold [View article]
    I submit that those portfolio managers who continue to recommend an allocation of 5% in PMs are sadly behind the times. If one has not already "re-balanced" their asset allocation mix towards a larger holding in gold and silver, there is still time to do so. As times change, so must your wealth holdings.

    My sources are currently recommending 15-20% in gold mining stocks for the tax-deferred accounts, and holding some physical coins and bars with after-tax monies. And, stay away from ETFs.
    Sep 19 03:54 PM | 5 Likes Like |Link to Comment
  • Bond Watch: Gold's Waiting in the Wings [View article]
    Long treasuries are getting ready to pop like a child's balloon at a birthday party.

    as they say over at ZeroHedge: GOLD bitchez!
    Sep 19 03:13 PM | 1 Like Like |Link to Comment
  • How High Can Gold Go During the Current Upleg? [View article]
    well, considering the current administration's penchant for confusion, obfuscation, fabrication of truths, and driving headlong into crises after crises..

    I expect the price of Gold to reach $1450/oz by the Nov 2 elections.
    Sep 19 05:05 AM | Likes Like |Link to Comment
  • Yamana Gold: Assessing Its Mettle [View article]
    "....delays will make that payday too far out in the future, especially when compared to alternative, comparable assets that could be used to express the same bullish gold view"

    ..such as a stock like ANV which has risen 177% since 2009.
    Sep 19 01:20 AM | Likes Like |Link to Comment
  • The Baby Boomer’s Case for Gold [View article]
    Right you are, Marvin. It is going to take alot more than a token 5% allocation to Precious Metals in one's portfolio for the next decade or two. I would think a 20% position would be much safer.
    Sep 18 08:33 PM | 2 Likes Like |Link to Comment
  • September Can Be a Cruel Month [View article]
    Tom, I agree.. the administration's wizards behind the curtain will be pulling all the levers, spending the just-printed trillions in order to prop/push the market up as high as they can.. trying to save democrat legislators jobs.
    Sep 4 12:17 AM | 2 Likes Like |Link to Comment
  • Nine Percent Is Now Full Employment in America [View article]
    I think that most readers did not read the authors words carefully..

    He said, that: "nine percent is now FULL EMPLOYMENT in America..

    Once again... FULL EMPLOYMENT...

    Not UNEMPLOYMENT.. FULL EMPLOYMENT.. that is full-time employment, working 40 hours or more per week.

    Now, I think the reason that he considers that the number of workers working at FULL-TIME employment will be 9% and probably no higher than that, is because employers do not want to HAVE to pay all the benefits and taxes and fees that come with having more than 25 employees. One way to get
    around all the government-mandated health care taxes and fees and cap and trade taxes and fees, is simply to have less than the minimum number of "EMPLOYEES".

    But, they can have "CONTRACTORS" way beyond the minimum number and not be taxed and fee'd to death.

    What this means, is that MOST of the workforce in the USA is going to become PART-TIME workers. This may mean daily employment, weekly employment,
    monthly, annual... whatever the employer deems appropriate for their needs.

    This is what happens in a number of other countries and has been the norm for 10 years or more.

    The makeup of the workforce in the US will look something like this:

    Full-time workers ......... 9%
    Part-time workers ......... 68%
    Unemployed ................. 23%

    Welcome to the "New Normal"
    Aug 29 01:16 AM | 1 Like Like |Link to Comment
  • Examining the Chances of a Market Crash Before the Mid-Term Elections [View article]
    It's really sad that Hank Paulson created the Plunge-Protection Team back in 2008. He did that to stabilize the US markets in a time of severe crisis. But what saddens me, is not that he did that, but that he made it possible for unforseen abuses.

    Now, the Democrat regimes surrogates have quickly adopted the PPT for a different agenda than it was concieved for. This new unsavory pack of blunderers at Treasury & FRB use this new blunt instrument (PPT) to club the market at will, to make it behave to suit their own political agendas.

    Most all the conventional investing strategies, savvies, wisdoms, T/A, F/A, can be thrown into the trash as useless. No wonder the great numbers of investors have left our markets and gone elsewhere.
    Jul 19 04:42 PM | 7 Likes Like |Link to Comment
  • Initial Jobless Claims Go Up [View article]
    Of course we've stalled! Obama is doing everything he can to obstruct the creation of jobs in the private sector. Which in turn, causes business to hunker down even more, postponing any and all hiring.

    But his minions at BLS have been slavishly working at distorting the numbers to MAKE IT LOOK LIKE the economy is recovering.

    Obama is a one-term president.
    May 20 05:40 PM | 6 Likes Like |Link to Comment
  • Gold Rally Fails. Will a Big Drop Be Next? [View article]
    gold and silver fall going into every Treasury auction of Notes and Bonds. Why? Because the government's boot comes down hard on the throat of the precious metals markets with massive (naked?) short selling. As soon as the auctions are finished, the metals suddenly begin to rise again. Its magic, doncha know.
    May 20 03:28 AM | 22 Likes Like |Link to Comment
  • Yes, The Housing Market Recovery Is for Real [View article]
    He said Phoenix, not Dee-troit
    May 18 09:01 PM | 3 Likes Like |Link to Comment
  • In the Throes of a Drawn Out Crisis [View article]
    It gets tiresome to read such pathetic use of the English language everywhere. One can readily see what our Socialist teachers have wrought upon a generation (or two) of public school students.

    Besides Roger, this was such a lazy useless rant, you might as well have skipped posting it. Do some research, compose a coherent posting with some relevant observations. Otherwise just skip it; you are wasting our time.
    Mar 28 02:07 PM | 2 Likes Like |Link to Comment