You can just add CNBC to the long list of brokers and brokerage houses! Do you know one broker that told their client to get out of the market? I have been managing my own money for 25 years and got out April 2008.
Not one of my wealthy friends got out. At the time they all had investments far greater than mine. Now the tide has turned - so much for professional advice!!
Caveat emptor, don't ever trust anyone with your money - they don't give a shit!
Resurgent Dollar Leaves Gold in the Dust [View article]
Truefire's comment pretty much says it all! But you will have to factor in all the new money that is printed and not backed up when no one will buy our treasuries. Add some Jimmy Carter hyper-inflation at some point and gold will soar.
Gold still smells good to me and should hit $1,500/ounce when inflation starts to kick in.
Will Najarian's Prediction of a Stock Market Explosion Come True? [View article]
I am all over the financial news and other than hearing Cramer telling the administration over and over again to suspend the mark to market rule I was not aware of this.
I think it's worth taking the options chance on this. The whole world knows that if we don't clean up the financial markets the sky will continue to fall.
Evidence That Big Inflation Is Coming [View article]
I just have a little brain but I have to ask, when your government prints and/or is on the hook to print somewhere between $5 to &7 Trillion dollars to bail out or guarantee loans and all this will be NEW MONEY printed to be put in circulation - you surely have to believe that super inflation is rolling down the highway in the next 18 to 24 months! All the other mumbo jumbo doesn't mean a thing.
Buy all the gold and TBT you can get your hands on and just wait for the slot machine to pay off!!
Distressing Details of the UltraShorts [View article]
Never own these for any length of time!! They are great to day trade. SKF has made me a ton of money when the financials are taking a beating. DIG and DUG have also been very good when oil has huge swings. Again, you have to sit and watch them until you sell them.
I am holding TBT for a long position though. TBT is almost a sure bet against the 20 year Treasuries!! When money flows out of treasuries and back into bonds or the market, interest rates will surely rise. If we are lucky enough to get some major inflation with all the trillions being printed - the big lotto jackpot could be at the end of the TBT rainbow!!
Cramer Grilled on Jon Stewart [View article]
Not one of my wealthy friends got out. At the time they all had investments far greater than mine. Now the tide has turned - so much for professional advice!!
Caveat emptor, don't ever trust anyone with your money - they don't give a shit!
Resurgent Dollar Leaves Gold in the Dust [View article]
Gold still smells good to me and should hit $1,500/ounce when inflation starts to kick in.
Will Najarian's Prediction of a Stock Market Explosion Come True? [View article]
I think it's worth taking the options chance on this. The whole world knows that if we don't clean up the financial markets the sky will continue to fall.
Thanks for the tip, I'll roll the dice.
When Unemployment Peaks, The Bottom Should Follow [View article]
Additionally, whenever the unemployment numbers begin to turn downward, this still means even more people will not be out spending money!!!
We are a consumer driven economy, all the consumers have disapeared!!
Evidence That Big Inflation Is Coming [View article]
Buy all the gold and TBT you can get your hands on and just wait for the slot machine to pay off!!
Some Good Charts from World Gold Council Quarterly Report [View article]
Distressing Details of the UltraShorts [View article]
I am holding TBT for a long position though. TBT is almost a sure bet against the 20 year Treasuries!! When money flows out of treasuries and back into bonds or the market, interest rates will surely rise. If we are lucky enough to get some major inflation with all the trillions being printed - the big lotto jackpot could be at the end of the TBT rainbow!!