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dmallik

dmallik
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  • Inovio, Chelsea struggle after Feuerstein mention [View news story]
    I only wish I had the clout to manipulate stock prices as Adam did. Could have made a years income in a couple days; 50% on the January $3 puts today and probably as much on the calls in a week.
    Jan 3 02:17 PM | 2 Likes Like |Link to Comment
  • Precious metals tumble [View news story]
    What a stupid postulation!
    Oct 1 08:58 AM | 9 Likes Like |Link to Comment
  • Doug Kass Says Buy Gold [View article]
    The rarity of an 8 standard deviation plunge is predicated on natural causes and events. When the price of gold is manipulated as is being done now, another 8 standard deviation drop could occur next month!
    Jun 1 07:59 AM | 2 Likes Like |Link to Comment
  • Longwei Petroleum: The Most Brazen China-Based U.S. Listed RTO To Date [View article]
    One scenario I haven't seen in the comments: The LPH principals were purportedly considering taking the company private. The speculation from Ken was something like $4 / share. If that is the goal, Cai Yongjun and partners might have picked up 14.5 million shares on the cheap.
    Jan 4 10:05 AM | 2 Likes Like |Link to Comment
  • The Fed's latest QE program poses risks to the bank's credibility, says Philadelphia Fed President Plosser, as the policy will likely fail to deliver a substantive impact on employment. What will Bernanke and crew do then? One editor's guess: Double down. [View news story]
    QE; the quintessential, ultimate trickle down! Did you ever wonder why the financial press and MSM don't call it for what it is?
    Sep 25 12:31 PM | 2 Likes Like |Link to Comment
  • 1 Oz Gold Valued By U.S. Currency In Circulation And Outstanding Debt [View article]
    Michael,
    It might be interesting to value other country's gold reserves against their debt. like Germany with 3400 tons, China with 1500 tons, etc.
    Aug 28 06:19 AM | 1 Like Like |Link to Comment
  • There’s an old Wall Street maxim that the so-called dumb money trades early and the smart money comes in later. Trading by that phrase would have made you a bit of money this week, as equity markets have continually fought back from heavy morning losses over the European mess to close well off their lows. Traders note the three-straight turnarounds for the market are a bullish sign, as big institutions tend to dominate trading activity later in the day.  [View news story]
    There's another old Wall Street maxim that says robo and high frequency trading must close out all short position before end of day. They never carry trades overnight. Duh!
    May 9 09:55 PM | 3 Likes Like |Link to Comment
  • Platinum: Not All Precious Metals Are The Same [View article]
    From a 5/25/11 article by Avery Goodman, "Scarcity and Rising Demand a Plus for Platinum"...
    "About 8 grams of platinum, on average, are used in a diesel fueled passenger car. Much heavier loadings are used in heavy diesel fueled vehicles, like the buses and trucks they are building so many of in China. This compares with about 1 gram of platinum on average for cars with gasoline engines. Generally speaking, in all vehicle pollution control systems, all things being equal, the use of platinum is preferred. However, palladium is still much cheaper.

    Scientists have learned to substitute most of the platinum in gasoline combustion systems with palladium. Yet, after years and hundreds of millions of dollars of investment in research, they can only substitute for about 20-25% of the platinum in diesel combustion systems, and that is possible only if ultra-low sulfur fuel is used. Moreover, if the price of palladium continues to rise, many manufacturers may switch back to platinum even for gasoline vehicles."
    Feb 13 06:36 PM | Likes Like |Link to Comment
  • While gold does not have its real value reduced by inflation, it has not proven a great inflation hedge, according to a study by Dimson and Staunton (giants in this field of research). The metal's real return since 1900 has been 1.1%, with the main strike being that gold does not provide an income flow. Equities have returned 5.4% annualized over the same period.  [View news story]
    Duh! Not many of my investments are 112 years old; most of them, in the last 10 years. Wonder how gold has fared vis a vis inflation over that period?
    Feb 7 11:24 AM | Likes Like |Link to Comment
  • Calculating A Proper Valuation For Silver Wheaton [View article]
    The only issue I know of that could negatively affect SLW's valuation is that many of the lucrative $4/oz contracts that they have will expire in a year or two. Of course the author didn't consider this in his hatchet job.
    Jan 16 02:45 PM | 2 Likes Like |Link to Comment
  • TNR Gold: Los Azules Litigation: U.S. Gold, Minera Andes CEO urges holders to approve merger mai, uxg, ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura [View instapost]
    Yikes! I just bought a ton of UXG in anticipation of the merger (and visions of another GG success story). Maybe need to hedge with TNR.
    Jan 2 08:24 AM | 1 Like Like |Link to Comment
  • TNR Gold: Los Azules Litigation: U.S. Gold, Minera Andes CEO urges holders to approve merger mai, uxg, ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura [View instapost]
    TNR market cap is less than $9 million. If it's such an issue in the value of Minera Andes and the merger, why doesn't McEwen just buy them....or it that the plan after the merger?
    Dec 31 08:01 AM | 1 Like Like |Link to Comment
  • The five biggest U.S. mortgage lenders have absorbed nearly $69B in expenses tied to soured home loans since 2007, and could eventually top $120B, Bloomberg reports. At Bank of America (BAC), the figure is $40.3B; at JPMorgan Chase (JPM), it's at least $17.6B. “This is still far from over,” former TARP inspector general Neil Barofsky says.  [View news story]
    How about, "THE AMERICAN TAXPAYERS have absorbed nearly $69B in expenses tied to soured home loans since 2007"........
    Oct 21 11:27 AM | 1 Like Like |Link to Comment
  • Seems Like Mexico Purchased 110 Tons Of Gold That Don't Exist [View article]
    Agustin Carstens, Governor of the Central Bank of Mexico, who negotiated Mexico’s 110 ton gold purchase was in strong contention for IMF chief before that Lagarde chick got the job. He served as Deputy Director of the IMF from 2003 to 2006.
    Do you think, for a moment that Carstens didn't know what he was doing?
    What if Augie knew exactly what he was doing; dumping Mexico’s national treasure into a fractional banking, unallocated, next-to-worthless LBMA account in return for maybe a million, or 10 million, or 100 million pesos funneled into his own Swiss account? After all, he is as much a part of the Central Bank cartel that is trying to control the price of precious metals in order to support the world’s fiat currency as anyone, right? What makes you think he is vested is saving Mexico from same fate as the USA and Europe?
    Sep 29 09:11 PM | 1 Like Like |Link to Comment
  • Debt Downgrade Drama: You Ain't Seen Nothin' Yet [View article]
    Great article; you pegged it George. Since the Federal Reserve is the largest holder of bonds and treasuries, what would be the effect of defaulting on the Fed anyway?
    Jul 30 12:21 PM | Likes Like |Link to Comment
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28 Comments
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