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Homer II

Homer II
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  • What The Election Means To Stocks [View article]
    We didn't have to have to go back to FDR to think about creating something like the WPA. We had such a massive project laid at the feet of this president called the Keystone Pipeline which would have brought crude oil across the nation down to the refineries along the Gulf Coast. It would have employed well over 100,000 jobs directly and indirectly. And what did Obama do?

    He vetoed it

    Because he said that if a leak were to happen, it would pollute the aquifer. What about the over 6000 pipelines which ALREADY crisscross the country atop that same aquifer? They haven't ever polluted that aquifer.

    Obama does NOT want to have Americans working because that would upset his plans for the conversion of America to Communism. Those plans do not include good jobs in the oilfields and pipelines. He needs a destitute populace who will accept his pathetic substitutes for democracy and capitalism and right to work. Choke off all the opportunities for good work and the population will become so impoverished that they will beg for the scraps that Obama is ready to hand out.
    Nov 5, 2012. 08:21 PM | Likes Like |Link to Comment
  • Obama Wins Is Likely Headline [View article]
    Relax. Romney will win Ohio.

    You should know by now that most polls are wrong for a variety of reasons. Instead of poll watching, perhaps you should revisit all the reasons that Obama will lose and lose big. You know what the issues are, with JOBS the number one issue. The discontent in America is so vast and so deep that only a hermit living in their cellar could have missed it.

    I won't devolve into any arguments here. If you really are interested in why Obama has lost, just wait for all those books which will hit the bookstores soon, to lay it all out in great detail for you.
    Nov 5, 2012. 08:05 PM | 1 Like Like |Link to Comment
  • Is An Obama Victory Already Priced In? [View article]
    "Fool me once: shame on me; fool me twice: shame on you."

    "You can fool some of the people all of the time. And you can fool all of the people some of the time. But, you cannot fool all of the people all of the time."

    Tomorrow's outcome will bear those sayings out.
    Nov 5, 2012. 03:59 PM | 1 Like Like |Link to Comment
  • Marginal Tax Rates Killed Growth And Threaten Earnings [View article]
    Mu, why don't you write a full paper refuting John's rather than overwhelming the commenters space and thoughts.

    SA should impose a practical limit on comment size, say 500 words. Mu wrote 2224 which would have been a decent sized article. Besides SA needs more authors.
    Plus satisfying their webdevs need for yet-another website contortion.
    Oct 12, 2012. 06:59 PM | Likes Like |Link to Comment
  • The Case Against The Case Against Gold [View article]
    When I started serious investing in the late 1970s, I saw the huge value in bonds with the prevailing interest rates and profited substantially. At that time, I saw gold as simply a loser. But, gradually, over the years, I became a convert too. The point is, the investment world constantly changes and one must always adapt to the changing conditions.
    Oct 12, 2012. 05:35 PM | 2 Likes Like |Link to Comment
  • How Will Gold React To Bernanke's Speech At Jackson Hole? [View article]
    The bearish doubters sitting on the sidelines, missed a very good up day in Au. COMEX Dec Gold closed up $34 and change at $1689/oz.

    I was pleased with my positions in GG, ANV and KGC. The last ten days has been outstanding.
    Aug 31, 2012. 03:51 PM | 1 Like Like |Link to Comment
  • Why Buy Gold On Fed Catalyst [View article]
    I have a different twist on your views on the seesaw relationship of the dollar and gold. IMHO, the Fed is trying mightily to sit on gold and suppress it's price. Why? Gold is the most serious competitor for currencies seeking safe haven. Because, the games being played behind the scenes with LIBOR, and other suppression schemes are becoming more evident by the day. This exposure is inexorably leading to more shunning of dollars, particularly with buyers at POMOs. Ultimately, the debt sellers must raise their rates to attract buyers. This increasing expense accelerates the downward time spiral into collapse of our currency as more and more dollars are required to service the growing mountain of sovereign debt. As it is, the large players at POMOS are already shunning the growing mountain of long paper, buying more and more short term stuff because they fear they will not get their principal returned. So the cycle to sell the short paper gets more vicious as more is required all the more often to keep this house of cards called the USA afloat. AND... as more entities shun buying our debt for safe haven hideouts, the more those same seek gold as a BETTER SAFE HAVEN.
    Aug 2, 2012. 12:45 PM | 2 Likes Like |Link to Comment
  • The Fed Disappoints The Stock Market [View article]
    The Fed will continue doing nothing TRANSPARENTLY. However, they are busy at work behind the big green curtains, slamming gold and silver. Every opportunity is being used to continue this action: every POMO, every FOMC, every BeigeBook trip over to Congress, all events which are preceeded by a bashing of PMs the prior day or two. The "game" is the same: use their surrogates, big banks, primary dealers to carry out the dirty work, in return for favors at the Feds back window.
    Aug 2, 2012. 12:11 PM | 1 Like Like |Link to Comment
  • What The Fed Balk Implies About The Jobs Report, ECB And Economy [View article]
    Knight Capital simply carrying out the orders of the Bernank in return for future favors.

    End the Fed, and you end the corruption, shadow banking, opaque trading.
    Aug 2, 2012. 12:00 PM | Likes Like |Link to Comment
  • The Consumer And The Fed: A Relationship Based On Trickery Or Understanding? [View article]
    Trickery comes about when the Fed drives treasury yields to zero to save bankers from their largess in risk-taking at the expense of retirees. They who have traditionally consumed treasuries as safe income investments and now find themselves unable to live off their coupon income and are being driven into the mouths of wolves in the higher risk equities and commodities jungles.
    Aug 2, 2012. 01:58 AM | Likes Like |Link to Comment
  • Goldcorp's Lawsuit Victory Is No Reason To Buy [View article]
    How did you overlook the recent revisions (last week) in guidance by Goldcorp in overestimating their production by about 10% this year? Said that their RedLake and Penasquito mines would produce less ounces than originally stated. The revised total estimates were 200,000 ounces lower (2.35M vs.2.6M) for the rest of 2012. That alone caused the stock to plunge over 10% on July 11.

    I think your article here is a whitewash of the true facts on the ground.

    Perhaps, Chuck Jeannes should get off his butt and get more involved in day to day operations with the company that renumerates him so obscenely. (annual salary > $1,000,000)

    And, I presently hold a large position in GG.
    Jul 18, 2012. 02:55 PM | 1 Like Like |Link to Comment
  • Does Central Bank Gold Buying Signal The Top Is Near? [View article]
    As usual, Ven is right. At this moment, it is "darkest before the dawn" for this season in the PM markets. What you are witnessing is the desperate move by the banking cartel in this country, to strike fear into gold investors and attempt to drive them out by downward manipulation of the price. They usually get this simply by having Bernanke utter some predictable babble at his regularly scheduled appearances before congress. Yesterday however, his words had only temporary effect in depressing PM prices. So today, the Fed has contrived some fantasy to enable them to club PMs down once again.

    Witness: the massive trillions of government debt overhang, the abysmal yields in government debt paper, the rise in criminal swindling by financial houses, the lack of enforcement by government regulators, ... these are all mounting evidence of the inevitable collapse which, if abuses continue to go unchecked,
    is going to devastate this country and others who have abused the powers of fractional reserve banking, particularly through the use of derivatives. Some of those CBs who have been party to these abuses are trying to cover their evident nakedness with gold-buying by the ton(ne)s.
    Jul 18, 2012. 02:28 PM | 2 Likes Like |Link to Comment
  • JPMorgan Chase And The Banking Industry [View article]
    It's too late for that. The banks can't go back to 12 years ago. Can't return to original rules. The banks, financial institutions are in over their eyeballs. They have hocked everything: their houses, their cars, boats, the mother-in-laws, everything. So that they could go play in the derivatives game.
    Jun 29, 2012. 11:59 AM | 1 Like Like |Link to Comment
  • JPMorgan Chase And The Banking Industry [View article]
    well then, you are all set to become one of RokJok's chumps or morons.

    The JPM stock price losses aren't going to keep you above the waterline, even with that paltry 3.4% divvy.
    Jun 29, 2012. 11:54 AM | Likes Like |Link to Comment
  • Why Are Europeans Not Rushing To Gold? [View article]
    +100 to winningtrader.

    As I reflected upon above, about the asian preference of gold over currency, so too do large numbers of europeans have this preference for the metals. Their societies are also centuries old and their peoples have also learned the proclivity of currencies to eventually collapse. They have recent memories of currency collapse (WWII). So, when their union eventually comes apart, they will rush to hoard all the gold and silver that they can. Some few will buy dollars also or instead, because they didn't learn their important lessons as youths.

    PS: America is still a nation of "youths". The USA is not centuries old; it is only a bit over two. We have no history of currency collapse. We are also too trusting.. including of our banks like JPM, Bank America, Citi. So we drink the KoolAid that they hand out. "Cash and credit are good; gold is bad". And the governments are hard at work behind the curtains, every day, looking for, fabricating opportunities to manipulate gold and silver, to drive their price down. To con the people, "See what happens if you buy gold?"
    Jun 29, 2012. 11:27 AM | 1 Like Like |Link to Comment