PTAUAG

T. Boone Pickens Holdings Down Nearly 20% This Quarter

Thank you for the list of T Boone's holdings. I am quite happy to purchase at a discount energy companies that have been vetted by T Boone Pickens.

Interest Rates Fated to Rise?

My question is how will Gold do with rising interest rates and quickening Debt Deflation?

Wednesday Outlook: Commodities, Emerging Markets

This trading Treasuries for junk is diluting the value of Treasuries, which the US Government must sell every month. The upward pressure on inflation by the nationalization of this junk will be felt quickly. Look for Grains, Fuels, and Gold to continue their march up. Since the U.S. middle class is now fearful of being unemployed wages will not keep up; look for a quickening Bankruptcy rate. Which means more home foreclosures, which means more Fed purchases of junk. So we descend to emerging market standard of living with each turn of the screw. I wonder if this isn't the goal?

Media Gloom on the Markets Won't Last

Hmm wasn't S&P one of the rating firms that gave AAA ratings to the CDO ABCP MBIA & AMBAC, and still is rating MBIA & AMBAC AAA? Is the reason you are quoting David Wyss because he is over paid? It certainly can't be his record.

Where are the Markets Headed Next?

The idea that the private equity funds are taking stocks off the market is causing a supply shortage of stocks was first entertained in 1929. I t was not called private equity it was called pools. We know how that worked out.

Winston Smith

Negative Savings Rate: Not So Worrisome

Chad

Your contention is that a negative savings rate is not to be concerned with. Please consider that MEWs are drying up quickly and as of 2001, according to the Fed's Survey of Consumer Finances, half of all households aged forty-five to fifty-four possess total financial assets (everything from bank accounts to insurance policies to 401 (k)s) of less than $46,000.

Since savings are such a small amount and the ATM we call our house is out of cash perhaps a negative savings is a Big Deal. If you really believe negative savings isn't a concern, short GOLD. If you think negative savings in an economy that is 70% consumer spending go Long Gold.

Winston Smith