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  • Freeport McMoRan offers to divest 10.64% in Indonesia unit for $1.7B  [View news story]
    After I watched the documentary movie “The Act of Killing”. I sold all my FCX and I truly appreciate the wisdom of our founding fathers who provided us the constitution as a safeguard against tyrannical government.
    The founding fathers of the current Indonesian government are killers and rapists who still prank about openly on the street and brag/reenact in front of the camera of their acts of killing. That is what America will be like if the gangster anti-police movement were used by the government as the enforcers/brown shirts to fundamental transform this republic.
    Jan 14, 2016. 03:10 PM | 3 Likes Like |Link to Comment
  • Will Gold Come Back In 2016?  [View article]
    Casual User,
    How can one look at the chart of trade deficits over the last 40 years and not conclude that the Federal Reserve is running a Ponzi scheme?
    I have come to the conclusion that the dollar is not supported by our GDP but circulation/usage of the dollar. In other words, as China, Japan and the rest of the world hoard more and more dollar, the better off we are without corresponding increments in our GDP.
    Most of the workers in the U.S. are not much different from the employees of Bernie Madoff's firm. Our productivities are mere smoke and mirrors which have almost zero correlation to the profitability of the firm.
    I know it's hard to accept the fact that our country is the biggest ever Ponzi in world history but that explains why we have had consistent trade deficits every single year since 1976 - http://tinyurl.com/qfq.... No legitimate nation or company can survive that long unless it's involved in Ponzi finance. That also explains why every single POTUS, democrat or republican, huff and puff about the trade deficits but nothing ever get done.
    That is the also the reason our politicians care more about the well being of the Saudis than ordinary hard working Americans. The Ponzi needs the clients to support the ongoing scheme a lot more than the employees in the firm.
    Now, if you were employed by Enron and owned million shares of company stock in the 401k, would you convert those Enron shares into hard money before the SHTF or after?
    Dec 30, 2015. 06:06 PM | 1 Like Like |Link to Comment
  • Energy stocks sell off as oil falls below $37/barrel  [View news story]
    send in the clowns,

    "I've gone broke in the hope & now I just give up."

    I haven't given up just yet but I am looking for answers. I have come to the conclusion that we are living in world of US dollar Ponzi Scheme. Our dollar is not supported by our GDP but circulation/usage of the dollar. In other words, as China, Japan and the rest of the world hoard more and more dollar, the better off we are without corresponding increments in our GDP.
    Most of the workers in the U.S. are not much different from the employees of Bernie Madoff's firm. Their productivities are merely smoke and mirrors which have zero correlation to the profitability of the firm.
    I know it's hard to accept the fact that our country is the biggest ever Ponzi in world history but that explains why we have had consistent trade deficits every single year since 1976 - http://tinyurl.com/qfq.... No legitimate country or company can survive that long unless it's involved in Ponzi finance. That also explains why every single POTUS, democrat or republican, huff and puff about the trade deficits but nothing ever get done.
    That is the reason our politicians care more about the well being of the Saudis than Americans. The Ponzi needs the clients to support the ongoing scheme than the employees in the firm.
    I haven't given up hope just yet because I believe most Americans, with the exception of the bankers, do not need the Ponzi to survive and thrive.
    Dec 29, 2015. 10:00 AM | 3 Likes Like |Link to Comment
  • Jekyll And Hyde In Gold And Silver And A New High In COT Gold Short Positioning  [View article]
    user878,

    I don't think gold has hit its bottom yet. I believe the catalyst of higher gold price hinges on how the yuan would escape from the grasp of the dollar. Chinese yuan will likely be included in the basket of currencies in the Special Drawing Rights very soon but there is no mention of gold as a component in the SDR.

    I'm very disappointed that gold is not included directly as one of the component in the SDR or indirectly as require reserve for each of the five components in the SDR.

    I don't see how the SDR will change the underlying problems of the dollar, yen, pound, euro and yuan since they are all knee deep in debts. I infer it may prolong the fiat charade a little longer since the central banks have done a great job of maintaining confidence in the currencies.
    Dec 20, 2015. 06:17 PM | Likes Like |Link to Comment
  • Paris Changes Everything: Time To Review Energy Investments In Your Portfolio  [View article]
    Government is performing its duty when it fulfill the wishes of the people. Nobody ever complains about tax money spend on the highways or electric grids.
    However, when then government acts against the wish of the majority like the refugees migrants from Syria, that's not what we have a government for.
    Dec 19, 2015. 11:20 AM | 1 Like Like |Link to Comment
  • Paris Changes Everything: Time To Review Energy Investments In Your Portfolio  [View article]
    Al Gore predicted that the ocean would raise flooding coastal area all over the world and then bought a mansion on the beach.

    Do sane people do things like that?

    The only honest but misguided leader I know of is Jimmy Carter who installed solar panels on the roof of White House.

    For too long ideology and ignorance have costed the tax payers millions just to line the pockets of greedy politicians.

    Btw, Al is old and Caucasian.
    Dec 19, 2015. 10:58 AM | 3 Likes Like |Link to Comment
  • Paris Changes Everything: Time To Review Energy Investments In Your Portfolio  [View article]
    "China has 200 million electric bicycles from nowhere."

    The 200 million electric bicycle may come from nowhere but the electricity which these 200 million bicycle need do come from the coal power plants.
    Dec 17, 2015. 08:39 AM | 2 Likes Like |Link to Comment
  • Paris Changes Everything: Time To Review Energy Investments In Your Portfolio  [View article]
    The drop in oil below $35 has nothing to do with the Paris Green convention. It's all about the petrol dollar, Russia, Ukraine, Iraq, Syria, Turkey and even Israel.
    http://bit.ly/1T3AGDk
    Dec 17, 2015. 08:34 AM | 1 Like Like |Link to Comment
  • Arch Coal: Bankruptcy In 30 Days  [View article]
    NeedMoreCoffee,

    No, I'm implying a lot of people foolishly voted themselves into bankruptcy and jobnessless. Coal miners are not the alone, Obama has made many other promises.

    Many seniors on Medicare without Medicaid are feeling the effects of ObamaCare. Many others have lost their full time jobs and are now stuck with multiple part time jobs.
    Dec 16, 2015. 10:51 PM | Likes Like |Link to Comment
  • Arch Coal: Bankruptcy In 30 Days  [View article]
    Reprisal,

    During the 2008 presidential campaign, Obama said he would "enter into public private partnerships to develop five 'first-of-a-kind' commercial scale coal-fired plants with clean carbon capture and sequestration technology."

    http://bit.ly/1P7XO4q

    He misled the coal mining unions which are traditionally blue collar democrat that big government would back/subsidize the new age clean coal. The coal workers foolishly voted themselves into bankruptcy and joblessness.

    The only reason the editors tolerate political posts is that folks cannot get away with reinventing history.
    Dec 16, 2015. 10:05 AM | 2 Likes Like |Link to Comment
  • Best session for gold in two months  [View news story]
    "gold went up like crazy during the Democratic Carter administration, and dropped substantially during the Republican Reagan administration.

    And also, gold made its all-time high under the Obama"

    Gold went up during Carter administration because a Democrat Johnson bankrupted the country with the Great Society and Vietnam War. Nixon wouldn't have to close the gold window if it wasn't for Johnson.

    Gold dropped during the Reagan administration because he fixed the economy which Clinton inherited and squandered away.

    Gold started to go up again under the Bush administration because he had to keep the Clinton bubble afloat and lost control when he tried to deflate the bubble in 2005.

    Gold peaked at 2011 until Obama killed the canary in the coal mine.
    Dec 5, 2015. 04:59 PM | Likes Like |Link to Comment
  • Gold hits five-year lows as investors bail  [View news story]
    All religions demand gold. From ancient China to Mesopotamia to the Inca in South America, all temples are ornate in gold.
    According to the ancient clay tablets found in Mesopotamia, Sumerian gods Annunaki came down on earth to mine gold.
    It makes sense because space traveling requires the best conductor that would practically last forever which is not copper or aluminum. Gold are the Gods' best friend.
    Nov 28, 2015. 08:45 AM | 2 Likes Like |Link to Comment
  • Gold hits five-year lows as investors bail  [View news story]
    As far as I am concern, we already have inflation in asset prices in stocks, bonds, high-end real estates, sovereign debts, treasury notes and deflation in commodities, average wages, real estates .....

    We are experiencing stagflation now and the next stage would be hyperinflation when the U.S. Treasury and European sovereign debts blow up in our faces. Japna and E.U. have decided to go down with the sinking ship. Russia and China are preparing for the inevitable.

    The only reason everything seems upside down is because the central banks have done an incredible job of "extend and pretend" to buy us more time.
    Nov 27, 2015. 05:25 PM | 9 Likes Like |Link to Comment
  • Gold takes out new multi-year low  [View news story]
    Space traveling is almost impossible without gold. Perhaps a shiny rock have little relevance now but not in the future.
    Nov 18, 2015. 09:03 AM | 1 Like Like |Link to Comment
  • COMEX Inventories And Friday's Large Mysterious Chinese Buy  [View article]
    The little fake strawberry field in Central Park worth a lot more than any real strawberry field in the world. It's all about perception and packaging until you want to eat strawberry.
    Nov 16, 2015. 09:02 AM | 2 Likes Like |Link to Comment
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