Barking

Gold, Oil Majors Revisited

Periploi........if you think this period of economic uncertainty is ANYTHING like what happened in the 70`s you are a complete fool. The powers to be(tres, fed, govt, wall st) are holding this mess together with baling twine and duct tape.
If ONE major domino tips over look out...there will be a rush to the exit, a MAJOR market corrction and gold & silver will go parabolic.
I hope none of this happens...Im praying these jackoffs can pull a rabbit out of a hat and its only good times for all of us....but Im NOT counting on that....in any manner.

at best we are looking at 7-10 years of very lean growth...at worst a complete break down in social order.

Banning Derivatives and Other Such Foolishness

Derivatives arent the problem in and of themselves....its the idiots who worked in a unregulated industry and then used temerity and avarice as their moral compasses that lead us to where we are.

They saw a chance to rake in ridiculous amounts of money in "commissions" and didnt give a damn about the systemic financial risk they were creating. I only hope one day they are hunted down, drug into the streets and hung.

The average person has no concept what these instruments even are or how they work...and the "experts" love to talk down their noses when asked to explain them....like we are all too stupid to understand. The day will come when many more understand these products, WHO mis-used them and the negative impact they have had on ALL of us.

Game Changer: U.K. Decides Too Big to Fail Is Too Big to Exist

I think thats a great innovation by the British...and someday the US will end up in the same spot....but for now the investment banking cartel and their lobbists runs this country. We are going to have to reach a point of real pain before someone in power gets enough nerve/backbone to stand up and say ENOUGH....and break up these "too big to fail" companies that have taken our country and financial markets hostage.

The Jury Is Still Out on Current Market Wobbles

so Mad....Im confused...are you recommending to take profits here....or stay/get fully invested ?


On Oct 28 12:18 PM Mad Hedge Fund Trader wrote:

> Not here. In view of today’s dreadful market performance today, I
> am repeating my GLOBAL RISK ALERT issued on October 14. Every asset
> class, including stocks, Treasury bonds, currencies, commodities,
> and precious metals, got slaughtered across the board today. The
> liquidity surge may be taking a pause. Keep in mind that if you are
> running big longs here, you are swimming at the deep end of the pool.
> When everything is working, and my portfolio is firing on all 12
> cylinders, I pinch myself and ask “Is this real? What can go wrong?”
> I’m reminded of the slave whose task it was to remind conquering
> Roman generals “All glory is fleeting.” Virtually all of my recommended
> core longs in gold, silver, Canadian, New Zealand, and Australian
> dollars, Brazil, Russia, India, South Korea, Taiwan, Vietnam, and
> junk bonds are at or near highs for the year. I called the bottom
> in Natural Gas within 40 cents, and mercifully baled on my one short
> in US government bonds, the TBT. What we are seeing is a global surge
> in liquidity as cash emerges from the bomb shelter, squints at the
> day light, and then rushes to buy the first thing it can find. Everything
> is going up, regardless of fundamentals. It is the proverbial tide
> that is lifting all boats. You can make a lot of money in these conditions,
> but there is no way of knowing if this will last for one week, or
> another year. But they can go on much longer than you think. In the
> last two liquidity driven markets I traded, Japan in the eighties
> and NASDAQ in the nineties, fundamental analysts railed against the
> tide for years, claiming that stocks were overvalued, each call getting
> their office moved ever closer to the elevator and men’s bathroom.
> When someone finally did throw the switch on these markets, it got
> dark amazingly fast. Tokyo went out at an all time high on the last
> day of 1989, and then dropped a staggering 45% in January. NASDAQ
> plunged just as fast from its 2000 top. The one thing we can all
> be certain about is that the survivors have vastly improved their
> risk control after our recent crash. Make hay while the sun shines,
> but keep your finger hovering over that mouse. The level of risk
> now is definitely much higher than it was in March. When the next
> real downturn starts, it could resemble a flash fire in a movie theater.

GDX: A Catalyst for Junior, Emerging Miners

hey dipstick...whats the name & symbol for the new jr miner ETF??

Recession Is Over; Depression Has Just Begun

Great article and good summation of who, what, when, where & why. I feel that the next 20-30 years are going to be VERY different then the last 20-30. Our children and theirs will have far simpler lives than we have had. The house flipping, rolex wearing, BMW driving yuppies and their like....are DEAD.
The excesses of the last 30 years will slowly go away as we witness a global redistribution of wealth. The USA currently has 5% of the worlds population but consumes 25-30% of its goods. THATS about to slowly change over time. When its all done we wont have much of a middle class left...only the very wealthy and the poor and the standard of living in this country will be much lower. Sad but true....

Expecting Gold to Sell Off - Temporarily - in October

Mark,
what type of pull back are you expecting? something minor like $950...or a bigger pull back to $750?

Quants Pick Top Ten Miners

well that was pretty impressive...up 100% in 4 months.....VERY nice....

ANY CHANCE WE GET A NEW LIST OF PICKS FROM THESE GUYS ???

Faber Expects a Total Collapse

so the $64K question is can a concerted effort by the Fed, Tres and Wall St stop a collapse? And what happens when there is world wide UNLIMITED money printing??

Faber is right...its either going to be a ongoing rally.....OR a complete collapse....these are really amazing times....

I think gold/silver do well in either environment....

Unsustainability, High Beta, and Liquidity Risk Pervade Capital Markets

Naufal,
Great work....I have a pretty substanial position in the gold/silver miners ...do you think that when we see this next leg down they will follow the general market lower ...or will they decouple and gain as investors seek the safety of gold/silver ??

Winter's Coming for the Boomers: Part 2

Well as far as the article goes... If things start to break down badly I certainly could see that senario playing out... scary as it is...my fear is what would the 'powers to be be" do in response to a break down in world wide social order?

ask yourself.... what would you do if you were at the top?

marshall law, curfews, lock downs, troops in every city? The worlds populations would NEVER go along with that....

theres only one answer...and its terrifying...

"they" will release a deadly virus...it solves EVERY issue...no shortages, no chaos, no global warming, no more lack of anything....if 40% of the world population dies off then EVERYTHING is resolved. There will be no war over natural resources because we`ll all be at home dying or attending to loved ones who are dying...

I know I probably sound crazy....and Im NOT some nut job...

but just think it through...it really is the simplist answer and one I think "they" would use to regain control.

Winter's Coming for the Boomers: Part 2

wake up...I dont think desperate folks from the north are going to be too concerned about some buck tooth hillbilly with a shot gun. it will be just like the civil war all over again...they`ll walk right over them and take what they want....


On Jul 13 03:42 PM WAKEUP wrote:

> A word to the wise, about rushing off to the southern states: The
> South is a very different kind of place, and if you ain't from the
> South, you'll find that "locusts," and other pests are not tolerated
> very well, at all. The Resistance to any group of people arriving
> in the South for the purpose of "...feed{ing} off of the new host"
> will be, to say the VERY LEAST, quite SIGNIFICANT. Be aware, OR be
> very, very (to put it, mildly) SURPRISED.

Employment Numbers Uniformly Horrible

To me a BIG part of emplyment thats seemingly never discussed is all the small businesses that are going under. Some of those people may be turning up in these numbers but not many. dont know about how it is where you live but in central Ohio there are more and more storesfronts going vacant every week. Its actually getting a little scary.

As far as manufacturing...are you kidding me? Workers in China work a for a few dollars a WEEK...no benefits, no retirement, no excessive corporate taxes and NO regulatory/environmental matters to deal with. We can NOT compete.

Bottom line....the standard of living in this country will be going down for many years.

Dow 6,000, Part II

Well these certainly are interesting times...a person can seemingly find facts and figures to support just about any argument these days. And of course we are ALL welcome to our opinions.

I agree with you Serge...I think there is a real potential for another big drop....BUT...dont under estimate the "powers to be" (Fed, Tres, Wall St) and their ability to manipulate this market. At this point I`m not surprised by much of anything I see...so would 'they" prop up this market or try and control a massive drop?? I think so...so for right now...its tough for me to "get short". For now....I`m sitting in cash & gold while the market sorts things out.

Oh ..and Serge...please make all of our days brighter by posting a better picture of your beautiful wife !!! LOL...Thanks !!

The Prospect of Deflation and What to Do About It

It seems to me that we are treading water right now...with no clear direction on the deflation/inflation debate...so why have any money at risk at all right now??

Im in cash, TMM and a small PM position...Im just going to wait and let it sort itself out...who said we have to be in the market all the time??