thesnowjob

Gold Bugs vs. Gold Haters

Gold is extremely UNDERVALUED here. Given worldwide money printing, scams, frauds and cons, gold is really in the EARLY PHASE of a bull run.

Try to remember that 1980 gold adjusted for inflation was OVER $2000 and the problems THEN were nothing compared to what we've gotten ourselves into.

Keep asking yourselves just WHO is buying all the gold. Is it your neighbour or your Aunt? No. Gold is being redirected to the new money centers and for sure we will never read about that here or anywhere.

Why Gold at $1,200/Ounce Is Likely

Great point about the man in the street continuing to SUPPLY the market with scrap gold. NO WAY is gold anywhere near mania stage.

Superbowl ads, cash4gold parties, and Asian poor turning in gold for fiat continues the disgusting trend of focusing the world's wealth into fewer and fewer hands.

This will not end well.

The Amazing Dollar-Gold Relationship

I know you keep saying $500 gold. What you described has already happened, already washed out all the longs. You know the open interest was reduced dramatically. Open interest has a long way to go to reach former highs last March.

I'm curious why you keep calling for $500 gold. Can you give insights?

Thanks


On Feb 16 11:57 AM ROLEX18 wrote:

> When Big Money want to dump Gold this is exactly what they will do,
> showing you how GC is great that even rising US$ can not break it.

>
> The small fry enters en masse, suddenly in the blink of an eye you
> witness unprecedented move down in Gold that you don't even have
> a time to react, in the beginning you get greedy buy more, then you
> are panicked and shocked, then you are taken out on a margin call,
> then you realize Gold price was like Disney Cartoon it's too late,
> Gold is 500$ and it is not a bottom yet.
> Smart money cover with huge mega profits, and move to other trading
> pit.

Why Bank Nationalization Will Never Happen

Ok. I'll say it since nobody else will

NEVER SAY NEVER!!!!!!!!!!!!!!!!

Short Selling CME Group

Thanks for the reminder to keep an eye on CME. It's a great short. Timing here I'm not sure. How will any recovery in commodities affect this stock?

America's Insolvent Banks

How is any analysis done on the banks? Any data used is either a lie or a best guess. Fannie Mae didn't report earnings for 2 years because they couldn't figure out their own balance sheet. They didn't fare so well.

AIG, BAC, and C are lucky to even be listed at all, and their executives lucky to be free and not incarcerated.

The only out IMO is nationalization. Or just give the keys to the White House formally to Golden Sachs. They have been running and ruining the USA for years.

Team Hope can either print 30-50 trillion or nationalize. The only hope we should have is to hope it all bottoms out soon.

Ominous Drop in Sales Bodes Ill for More than Just Apple - Barron's

Apple is #1 for selling junk people in a depression won't need. They should tumble the hardest, while retailers like Dollar King and Seed World will survive.

Gold Is Losing Its Luster

Can I summarize your article?

You held GLD, therefore you were a bull.

You sold GLD, therefore you are now a bear.

The meat is that the rest of us that like gold are now gambling or speculating, but your investment in USO is not???

Copper Still Waiting on Recovery

A decline from $4 to $1.50 or 65% prices in ALOT of negative sentiment. The charts are turning bullish. I'm not sure how much of a leading indicator copper is but it is turning NOW.

Retail Sales Rebound...Just a Bit

Allow me to conclude your brief article:

SHORT SPG. Malls are dead.

Oil: Despite Decline, A 'Must-Have' Profit Play

Solid article. Oil is a must have core position for medium to longer term. Downside might be $20 but upside could be $200.

Triple bottom at $34 is becoming pretty solid as a base. A lot of people are convinced it is PAPER oil that is driving PHYSICAL oil prices...no different than in precious metals and most commodities IMO.

ETF Investors Mistakenly Stock Up on USO: Buy USL Instead

Wow. Nice job Matthew. You got USL rolling with 600,000 volume today. I like it. Tomorrow I'm switching into USL

Three Year History of Industrial Input Commodities

What the paper markets have lost will benefit creditor nations who can take advantage and hoard here.

thanks for the charts.

Charles Schwab Is a Great Long Term Play

If the Fed ever were to step out of the way, Schwab would emerge as top brokerage for the next few decades.

Bank of Nova Scotia Is Worth Banking On - Barron's

I think the best line is "a bank is a bank is a bank"

BNS, like all Canadian banks, received the CanTARP which was on a per capita basis equivalent to the US TARP.

Half the mortgages in Canada in the past 2 years were $0 down, 40 year.

BNS, through Scotia Mocatta, has enormous naked short positions in silver.

But hey, if a 7% dividend works for ya, don't let me stop you.