Jeff, what are you talking about? Didn't you watch CNBC last night? Dennis Kneale said the recession ENDED yesterday. Man with that call and Cramer's call of a housing bottom last week, can't you see that things are all good now?
Russia Makes the First Call for the Monetization of Gold [View article]
Very good point. I do not think they would make that public knowledge until they had a workable plan in place. All the pollyanna talk about how there is no way they can go away from the dollar is just that. Talk. We think we are so much smarter than everyone else in the world and maybe we are. Then again, maybe we vastly underestimate the intentions of the countries that may be a little sick and tired of being pushed around by the good ole' U.S. of A. These guys are not blind to what is going on. They see that all we are doing is creating inflation and that is how we plan to get out of the hole that we dug for ourselves. Maybe they are finally sick of financing our excesses.
On Jun 17 01:46 PM Roger Knights wrote:
> "Whenever I hear about conferences like this, I find myself wishing > I could be a fly on the wall during the "private" meetings, cocktail > receptions, etc., so I could know what's really being said and mooted > about, ..." > > I wonder if their public talk about a basket of currencies and commodities, > and of there being no alternative to the dollar (what about gold?) > is mostly camouflage to avoid creating a disruption in the currency > markets, and that the real point of the conference is to discuss > the ways and means of getting to a mostly gold-backed currency. If > that was indeed its real point, concealment would be needed to avoid > driving up the gold price before the instigators acquired their share > of it. If some sub rosa agreement has been made to reinstate the > monetary role of gold, or at least to think seriously about it, you > can be sure that outsiders wouldn’t be told in advance. > > NB: "Cui Bono?" is usually a good question. It almost answers itself--and > explains a great deal: Three of the BRIC countries are major gold > producers and the fourth, India, has large reserves that only its > own stupid regulations (recently revised) have kept from being developed. > They'd all benefit from the monetization of gold.
Bond Market to Obama: Oh No, You Can't... [View article]
Watch how it plays out. They are talking today about how 9 of the 19 banks are going to be able to repay TARP funds. The reason they are doing that is likely because they know when round two of the crisis hits, and the banks have to go back for more money, they can point to the fact that the banks paid back the funds the first time so lets do it again. Except this time it will be bigger and badder.
Gold Battle Lines Drawn at $1,000 - Again [View article]
Is that what you are going with raytay? I guess you have never been wrong before with a stock pick. Sheesh how can I sign up for your service? No one on this planet will ever be right all the time and those who tell you differently are lying. I believe if you look at West's record much more often than not he has been correct.
On May 28 11:35 PM raytayzmd wrote:
> ...now let's see -- you were the dude pumping CHQ when it was at > $4 a share: > > seekingalpha.com/artic... > > > ...and you were also pumping OILXF.PK when it was up around $15 a > share: > > seekingalpha.com/artic... > > > ...and CHQ is trading NOW around 50 CENTS a share and OILXF.PK is > trading NOW around 8 CENTS a share...oh, yeah, like that makes me > REAL CONFIDENT that you know what gold's going to do!
The Vicious Cycle of a Falling Dollar [View article]
Inflation may be a speck on the horizon right now. But lets remember that just 6 months ago there was no way that GM was going to have to file bankruptcy. That's why we were pumping 10's of billions of dollars into the company. So, the spec can become very big very quickly.
Make Money in a Flat, Volatile Market by Short Selling Leveraged ETFs [View article]
Preet - I assume this is what they refer to when they talk about the "decay" factor in the 2x and 3x etf's? I have seen decay mentioned many times on different blogs but was never exactly sure what it meant. I have been banging away on FAZ and FAS but never hold them for more than a day at a time. Usually just try to catch the trend of the day and get in and out quickly.
Notes on a Scandal: High Dividend Investor's Survival Guide to This Unsustainable Rally [View article]
If I may for the traders out there the FAZ/FAS trade back and forth is pretty sweet. Of course only if you can stay glued to a monitor for as long as you have an open position. Those babies are, how shall we say, a bit volatile.
If the government actually did something like paying down all mortgages by 20% should they have also sent checks to the approx. 25% of households that have no mortgages on their properties at all equal to 20% of the property values? And why stop at a 20% paydown. Considering we are already at 20% losses across the board likely heading to 40-50% by the time this is over maybe we should just pay off all outstanding mortgages and start from scratch. While we are at it we can also pay off everyone's car loans and credit card bills. That way we could keep the consumption binge going for at least another decade before it all comes crashing down. After all it is just a few strokes on a keyboard.
On May 22 09:36 AM Jeff Nielson wrote:
> "What to do about this"? > > Putting aside moral judgments, what the U.S. government SHOULD have > done as soon as the collapse started was to pay down ALL mortgages > by about 20%. > > This would have put a firm, REAL "bottom" in the housing market. > More importantly, it would have bailed out the UNDERLYING assets > on the bankster balance sheets - and saved the U.S. government TRILLIONS, > rather than simply bailing out the 30:1 leveraged bets directly. > > > This would have (at least) cut in half the $12 TRILLION spent or > pledged by the U.S. government. However, as I wrote in "The Bankers > Manifesto..." (www.bullionbullscanada...;view=article&... > neither the bankers NOR the U.S. government want to help U.S. homeowners. > > > They WANT Americans to lose their homes so the banks can seize all > that property.
Nothing Suggests We're Anywhere Near the Bottom [View article]
Well, no matter how you slice it I think it all ends in an inflationary blowout. Inflation will be the only feasible way to deal with the massive debt loads being created. I think the FED has shown it intentions to print until the cows come home.
I have been reading Stephens commentary every week on CNBC. Sounds a bit like he has been short this whole rally over the last 6-8 weeks. Could be wrong but that's what it sounds like. That's not to say fundamentally it does not make sense that oil is pushing $60 with inventories at the highest point since the early 90s
Wells Fargo Is Broke: Poor Forecasting Slays Another Giant [View article]
James - I am reading some of these comments - User 412446 - RonB - No one - think before you write - and a couple of others and I am wondering if they live on our planet? I think your article was pretty much bang on and exactly what has happened so far. Keep up the good work and don't listen to the fools who drink the kool-aid from the cuppeth of CNBC.
The Government Has Played Its Hand Nicely [View article]
If you look at a long term chart on the S&P how can you not see the massive double top that was put in? Are people blind? The downside target is somewhere in the 400-600 range yet we are supposed to believe that we have bottomed?
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Latest | Highest ratedU.S. “mass lay-offs” at RECORD high [View instapost]
Russia Makes the First Call for the Monetization of Gold [View article]
On Jun 17 01:46 PM Roger Knights wrote:
> "Whenever I hear about conferences like this, I find myself wishing
> I could be a fly on the wall during the "private" meetings, cocktail
> receptions, etc., so I could know what's really being said and mooted
> about, ..."
>
> I wonder if their public talk about a basket of currencies and commodities,
> and of there being no alternative to the dollar (what about gold?)
> is mostly camouflage to avoid creating a disruption in the currency
> markets, and that the real point of the conference is to discuss
> the ways and means of getting to a mostly gold-backed currency. If
> that was indeed its real point, concealment would be needed to avoid
> driving up the gold price before the instigators acquired their share
> of it. If some sub rosa agreement has been made to reinstate the
> monetary role of gold, or at least to think seriously about it, you
> can be sure that outsiders wouldn’t be told in advance.
>
> NB: "Cui Bono?" is usually a good question. It almost answers itself--and
> explains a great deal: Three of the BRIC countries are major gold
> producers and the fourth, India, has large reserves that only its
> own stupid regulations (recently revised) have kept from being developed.
> They'd all benefit from the monetization of gold.
History of Silver, Part II: The Great 'Build' [View article]
Bond Market to Obama: Oh No, You Can't... [View article]
Gold Battle Lines Drawn at $1,000 - Again [View article]
On May 28 11:35 PM raytayzmd wrote:
> ...now let's see -- you were the dude pumping CHQ when it was at
> $4 a share:
>
> seekingalpha.com/artic...
>
>
> ...and you were also pumping OILXF.PK when it was up around $15 a
> share:
>
> seekingalpha.com/artic...
>
>
> ...and CHQ is trading NOW around 50 CENTS a share and OILXF.PK is
> trading NOW around 8 CENTS a share...oh, yeah, like that makes me
> REAL CONFIDENT that you know what gold's going to do!
The Vicious Cycle of a Falling Dollar [View article]
Make Money in a Flat, Volatile Market by Short Selling Leveraged ETFs [View article]
Notes on a Scandal: High Dividend Investor's Survival Guide to This Unsustainable Rally [View article]
The Next Wave of Foreclosures [View article]
On May 22 09:36 AM Jeff Nielson wrote:
> "What to do about this"?
>
> Putting aside moral judgments, what the U.S. government SHOULD have
> done as soon as the collapse started was to pay down ALL mortgages
> by about 20%.
>
> This would have put a firm, REAL "bottom" in the housing market.
> More importantly, it would have bailed out the UNDERLYING assets
> on the bankster balance sheets - and saved the U.S. government TRILLIONS,
> rather than simply bailing out the 30:1 leveraged bets directly.
>
>
> This would have (at least) cut in half the $12 TRILLION spent or
> pledged by the U.S. government. However, as I wrote in "The Bankers
> Manifesto..." (www.bullionbullscanada...;view=article&...
> neither the bankers NOR the U.S. government want to help U.S. homeowners.
>
>
> They WANT Americans to lose their homes so the banks can seize all
> that property.
As Coal Prices Remain Steady, Are KOL's Gains Sustainable? [View article]
Silver Wheaton Poised to Complete 'Astute' Acquisition [View article]
Nothing Suggests We're Anywhere Near the Bottom [View article]
Look Who's Buying Natural Gas Now [View article]
Wells Fargo Is Broke: Poor Forecasting Slays Another Giant [View article]
The Government Has Played Its Hand Nicely [View article]