I enjoyed the bio. I wish all contributors would do the same. Knowing where you stand helps me to better evaluate your articles and apply or reject your opinion.
OK, picture this conspiratorial scenario; China, currently holds $2 or 3 trillion of US debt, approximately 10X our US gold reserve. Can you imagine Mr. Ji Xiaonan calling President Obama saying, "We'll forgive $? amount of your debt in exchange for your 8000 tons of gold? Otherwise we will not buy any more US debt, dump the Treasuries we currently hold, and overnight turn the USA into a third world nation. After all, you're entire gold reserve represents only a couple months your deficit spending."
And where will oil prices go if Israel decides to act against Iran's nuke program, or if Kim Jong-il puts a warhead on his next missile and aims it south, or ....
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!
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.
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?
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.
Capitalizing on the Rise in Silver Prices [View article]
A fifth way to profit from a continuing explosion in silver prices is Silver Wheaton (SLW). It has outperformed SLV handsomely in the one year, three year, and five year time frame.
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"........
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?
Short the U.S.A. [View article]
China's Gold Reserves (Part 2) [View article]
The Crude Oil Collapse Is Coming [View article]
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]
Longwei Petroleum: The Most Brazen China-Based U.S. Listed RTO To Date [View article]
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]
Calculating A Proper Valuation For Silver Wheaton [View article]
Capitalizing on the Rise in Silver Prices [View article]
Time to Short Treasuries Yet? [View article]
Disclosure: "Short" TBT or short Treasuries, (long TBT)?
1 Oz Gold Valued By U.S. Currency In Circulation And Outstanding Debt [View article]
It might be interesting to value other country's gold reserves against their debt. like Germany with 3400 tons, China with 1500 tons, etc.
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]
Seems Like Mexico Purchased 110 Tons Of Gold That Don't Exist [View article]
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?
Why Are Central Banks Loading Up on Gold? [View article]
Graham,
Does this include the USA central bank, our benevolent Federal Reserve?
An Epic Pair Trade: Buy Citigroup and Sell Gold [View article]
Guess Who Owns the Most U.S. Debt? Not China [View article]