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johnbee

johnbee
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  • Italian Election Scares Bulls [View article]
    American were tending to focus back on America when all the warning signals are in Europe more than ever before.
    Monti lost badly and he was Merkels man. This is the end of German enforced austerity in Europe and the rest of the PIIGS will follow very soon, and none of them will repay German loans.
    Feb 27 09:53 AM | Likes Like |Link to Comment
  • What's Leading This Sell-Off? [View article]
    Running scared this market with endless unexplicable contradictions
    just like a chicken hoping to find every avenue out of its pen before it gets the chop. One day no more QE3 yet equities rise on inflation fears while gold plunges. Next Italy may shed austerity and the markets fall. All of it taking place on automated orders with wild swings as varying contrary material gets fed in. Best advice buy a farm and eat the chickens while the world sorts itself out.
    Even Mr Buffet is now into beans.
    Feb 26 09:42 AM | 4 Likes Like |Link to Comment
  • Europe: Was (Is) It Worth The Trouble? [View article]
    Dont understand the correlation re Nokian Tyres. This stock is linked to Russian trucking more than anything in Europe and has gone nowhere for the past year or more. Re European luxury stocks their earnings are coming from rich Chinese mainly and so depend on China growth with little to do with Europe other than selling to rich bankers in London, of whom there are now fewer (hopefully).
    Feb 26 09:32 AM | Likes Like |Link to Comment
  • Goldman slashes its 2013 gold price target to $1,600 from $1,810 citing ... recent price declines. What wonderful value-added. Searching for a better reason to justify its fancy pay, the team notes a small increase in U.S. real interest rates as well as the perceived hawkish FOMC minutes (refuted by a half dozen Fed speakers over the past few days). GLD -0.3% premarket. [View news story]
    Well $1600 aint so bad.
    Feb 26 07:44 AM | Likes Like |Link to Comment
  • Global Gridlock [View article]
    The Italian vote was very obviously for changing the Monti government supported by Mrs Merkel and the EU. This means austerity measures will not be pursued. This will very likely be imitated in the other PIIGS soon, well before Germany's September elections in which Mrs Merkel will try to hold course against worsening conditions in Europe of unemployment.

    It will be a very uncertain period in which the fate of the Euro and of the EU will hang in the balance with little hope of improvement other than for the PIIGS to break away and renege on their debts and go back to their former currencies.

    It will only take one for the rest to follow and leave a bullying Mrs Merkel with no platform as Germany has been the biggest lender to Europe and will be stuck with a Euro which will escalate without the PIIGS being part of it.
    Feb 26 07:18 AM | 1 Like Like |Link to Comment
  • Pullback Begins For The Market [View article]
    Americans don't understand the problems in Europe. When you have half the youth population unemployed in half the European countries as of now, trouble is brewing in a big way.
    Mrs Merkels's promised handouts are not enough to stem the tide of revolution against the austerity she demands of others and there are seven months yet to go before the German elections in which she cannot give any more promises for fear of losing her own re-election.
    Her chosen austerity candidate in Italy (Monti) has just failed miserably to hold government and Berlusconi who is anti EU now holds the strings in the Senate. There are people in soup kitchens all over Europe nowadays (including Ireland) and the EU will be finished this year, and the Euro with it other than as a German currency. Europe is the US's biggest trade partner and has 350 million people in it. Unrest in it will severely damage all markets worldwide. We will see inflation on a big scale as socialist governments give in to wage demands and profit margins fall.
    Feb 26 04:58 AM | 2 Likes Like |Link to Comment
  • Gold: Is The Death Cross Really A Golden Cross? [View article]
    Charts are rubbish. There has never been an exact precedent in the history of man! The only problem is they can be self fulfilling if enough people follow them, like lemmings to the slaughter. Buy gold now. Leave the lemmings!
    Feb 25 12:10 PM | Likes Like |Link to Comment
  • Counting on the Fed's dovish bias to win out, UBS goes against the grain by predicting a "major gold rally" this year, expecting the Fed to continue printing into Q3 when UBS' commodity strategists - in contrast to its economists - expect global growth to lose momentum. But investors have been dumping their gold ETF holdings in favor of industrial metals; last week, physical palladium ETFs saw their largest inflows ever[View news story]
    Guggenheim are seeing gold at $10,000 this year as the US Teasury will be obliged to enforce to underwrite increasing US debts.
    Never has gold seen a better time to invest. This latest equity rally is based on hot air. There is no growth in the US or Europe.
    Feb 25 12:07 PM | 2 Likes Like |Link to Comment
  • How the Fed Could Fix The Economy -- And Why It Hasn't [View article]
    The helicopter approach is certainly worth a try as inflation has effectively been the saviour of endless over borrowing in repaying debts at far less value in a way that is not clear to most savers at whose expense it is done.
    The $ today is worth only 2% of its value 100 years ago relative to the price of gold and shows that inflation is the route that nature takes regardless of government game plays and that fighting it with policies that cause deflation as with the round robin of government lending to banks and back again are just spitting in the wind.

    Ultimately people must and will eat, and Atlas Shrugged needs to be prime reading for all economists once more in which if governments can't find a solution the people will.
    Feb 25 08:47 AM | 8 Likes Like |Link to Comment
  • Sorry Bulls, But This Is Still A Secular Bear Market [View article]
    Agreed. The present flight from bonds and gold to equity is a false dawn. There is no real growth other than from profits derived from employee layoffs or low interest rates which have now reached their limits.
    Feb 25 08:31 AM | 4 Likes Like |Link to Comment
  • Hey Gold Bugs! The Dollar Still Matters! [View article]
    yes
    Feb 22 08:01 AM | 1 Like Like |Link to Comment
  • CIBC economists believe many of the forces that made gold so attractive appear to be turning over, while expectations for other supportive factors are overdone. They say investors have piled into gold as a hedge by incorrectly buying into the myth that central banks have been printing so much money that inflation is inevitable, "a myth because, in reality, money growth has not been particularly brisk." [View news story]
    Some months ago the price of $1620 was the level at which the Fed told US banks they could mark gold at in their balance sheets as collateral on a permanent basis.
    Feb 22 07:57 AM | Likes Like |Link to Comment
  • More from the G-20: Speaking now, IMF chief Lagarde calls the euro's strength a welcome policy development (welcome? EU exports to China are diving). Talk of currency wars is overblown, and she sees no major deviation from the fair value of major currencies. Gold isn't liking all of this feel-good talk, hitting a 6-month low of $1,626/oz. GLD -0.8% premarket. [View news story]
    Gold follows no logical pattern other than long term being the best hedge against fiat currencies. It should in theory be doing that right now in a world of competitive devaluation. The proplem is manipulation by the Fed to assist the $ v. gold ratio to be kept in line. Several major banks have recently written support reveiews for it and Soros and others were recently busily buying. The range is $1620 to $1720 right now.
    Feb 15 09:15 AM | Likes Like |Link to Comment
  • Velti: A High-Growth, Low-Priced Winner? [View article]
    The company's management is inept and has constantly disappointed over years of raising false hopes. The CEO is an arrogant self opionated techie with little idea how to run any business, let alone a listed company. His false optimism is misrepresentation at best.

    No confidence can ever be had in this company until he is replaced with a seasoned CEO with a record of success in running companies for the benefit of its shareholders, who are the people who so far have kept Velti alive and paid his wages and his employees.
    Any more demands on their pockets and Velti is dead.
    Their best hope is a takeover and the sooner the better.
    Feb 15 07:44 AM | 4 Likes Like |Link to Comment
  • It's Time to Buy These Two International Markets, Stat [View article]
    The simple answer is governments will need tax the rich to feed the rest. If not there will be a revolution, not for the first time against those who the people see as their opressors. People can take a lot, but not eating is not an alternative.
    Feb 9 11:54 AM | Likes Like |Link to Comment
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533 Comments
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