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The EconomicJoker

The EconomicJoker
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  • Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
    It just annoys me that so many people don't understand the TWO DIFFERENT MARKETS in gold. Yet they still write about it as one market.
    May 2, 2013. 10:30 AM | 5 Likes Like |Link to Comment
  • Market recap: Stocks slumped, as the Fed's stance did little to soothe jitters sparked by the latest in a series of economic reports (I, II, III) that have come in weaker than expected this week. Small-company stocks, seen as most sensitive to economic trends, were hit hard. Commodity-related sectors were pressured as metals suffered brutal losses. Treasurys rallied, sending 10-year yields as low as 1.613%[View news story]
    Non-pomo day. It's not hard to figure out.
    May 1, 2013. 08:51 PM | Likes Like |Link to Comment
  • James Altucher: Why The Stock Market Is A Sucker's Game Right Now (And What Stocks I Own) [View article]
    Same guy that said market was going to 20K!
    May 1, 2013. 10:09 AM | 1 Like Like |Link to Comment
  • Gold's Nice Bounce Won't Last [View article]
    Apr 28, 2013. 09:37 PM | 2 Likes Like |Link to Comment
  • Silver: Do Not Be Fooled - Lower Prices Ahead [View article]
    The COT is also completely BS.
    Apr 28, 2013. 09:27 PM | Likes Like |Link to Comment
  • Silver: Do Not Be Fooled - Lower Prices Ahead [View article]
    The real price of silver is 20-30% higher in physical premiums. Avi is not talking about that here. He's talking about paper prices.
    Apr 28, 2013. 09:26 PM | 2 Likes Like |Link to Comment
  • More on the Q1 GDP (first estimate) miss: Government spending slowdown continues, with real federal government spending off 8.4% vs. 14.8% in Q4; defense spending off 11.5% vs. 22.1%. Real PCE +3.2%. Nonresidential fixed investment +2.1%. Real exports +2.9%, Real imports +5.4%. Real final sales +1.5% vs. 1.9% in Q4. Inventories added 103 bps to GDP in Q1 after subtracting 152 bps in Q4. SPY -0.3% premarket. The long bond pops half of a point. TLT +0.8% premarket. (full report[View news story]
    What green shoots!? This is all a bunch of crap. Bye bye economy.
    Apr 26, 2013. 09:35 AM | 5 Likes Like |Link to Comment
  • What Do Soaring Call Option Premiums Mean For Gold And Silver? [View article]
    Where are all the people saying the bull is dead?
    Apr 25, 2013. 08:12 PM | Likes Like |Link to Comment
  • What's Wrong With This Picture? [View article]
    NO crash is coming. I think the private investor is finally coming back into the market.
    Apr 25, 2013. 02:30 PM | 1 Like Like |Link to Comment
  • Are Gold Stocks Oversold? [View article]
    So? That just means gold supplies will dwindle driving up the price of gold.
    Apr 24, 2013. 09:47 PM | 1 Like Like |Link to Comment
  • Canadian Investor Frank Giustra Rotating Out Of Gold ETFs And Into Miners [View article]
    Until oil prices fall further, i'm not in the miners.
    Apr 23, 2013. 09:45 AM | Likes Like |Link to Comment
  • Is Silver Going To Crash Further? [View article]
    It's really a wonderful thing that central banks keep dumping hundreds of tonnes of shorts on the market. Just keep buying at these insane prices that are being gifted...
    Apr 22, 2013. 10:11 AM | 3 Likes Like |Link to Comment
  • How Low Can Gold Go? [View article]
    There are lines all over the world... gold is running out.. yet we have this paper price that is such a lie it's not funny anymore.

    You, my friend, don't get it and therefore don't deserve me finishing your article.
    Apr 19, 2013. 09:55 PM | 8 Likes Like |Link to Comment
  • Gold Coin Sales Skyrocket, Contrasting Sharply With Massive Selling In 'Paper Market' [View article]
    I have said this on another thread.s
    First of all, the Fed can't let the gold price get too high because it shows that the dollar isn't the safe haven it used to be. If the dollar goes down, they lose control of interest rates, the bond market and the whole thing collapses.

    I'm sick of saying the same thing. The bullion banks are OUT of gold. Throw 500 tonnes of naked shorts into the mix and weak hands were shaken out, allowing the bullion banks to use their short money to buy the gold the weak hands are selling.

    it's pretty simple.

    This just bought a little more time for the bullion banks. Guess what, it's going to happen again and sooner... when the banks run low on gold again. Volatility of the gold price will be nauseating.

    At the same time, you are seeing MASSIVE physical buying of gold.
    Thank you very much for manipulating the price down so I can buy more physical gold. But one day soon, there will be NO physical left for delivery and guess what. No one will want paper and the physical will skyrocket.

    Anyone who doesn't understand this, doesn't deserve to be listened to.
    Apr 18, 2013. 02:34 PM | 5 Likes Like |Link to Comment
  • Do More Gold ETF Outflows Mean Even Lower Gold Prices Ahead? [View article]
    The only thing that these outflows mean is that PEOPLE DON'T WANT PAPER.
    Apr 18, 2013. 02:31 PM | 2 Likes Like |Link to Comment