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SharKKrishna

SharKKrishna
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  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    The Only reason the QE-Anesthised $ benefited since 2011 is because the pressure was taken off it by The Eurozone Crisis.

    But Now, which crisis will stop the Dollar Index from breaking Historic Support?
    Jan 16, 2014. 02:23 PM | Likes Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    CPI in 1970s included Food & Energy and so they were Real.

    CPI now does not include Food & Energy. If it did, then Inflation would be double digits today. Real Rates would be Grossly Negative.
    Jan 16, 2014. 02:18 PM | 1 Like Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    Arguments Against Roubini's 6 points.

    1) "Tail risk" is greatly reduced, a repeat of the global meltdown is highly unlikely.

    A. Bailouts and QE has filled the black holes of Bank Balance Sheets. But shrinking velocity of money itself means that majority have lost confidence in the system and are deleveraging to exit the systems traps.

    2) In spite of QEfinity, inflation is falling rather than going higher. Anemic growth isn't likely to change this anytime soon.

    A. By 2011 Sept it was very clear that QE had failed to cure Deflation implosion post Lehman. Since 2009, qe3,4 have not been able to jumpstart consumption or bring inflation. If Money printing has failed miserably, then there isn't any other policy left to cure deflation. A collapse is imminent, though it may not be allowed via asset price crash, it will naturally occur via loss of confidence in issuer of fiat, hyperinflation.

    3) The real interest rates are negative. Interest rates are unlikely to go lower, and are much more likely to head higher.

    A. Interest rates cannot be allowed to rise ever again due to the heavy debt service burden on national debt which stands at 17 trillion. Read my blog article fr a clear explanation.

    4) Other assets are not providing attractive alternatives. Interest rates and equities are going higher that provide capital gains and income, where gold is a purely capital gain play.

    A. Fed will not want stocks to rally, if it comes at d expense of d bond mkt, which means QE 2 infinity & eventual accelerating inflation. Equities have been capped by the 10 yr bond mkt.

    5) Slowing global economies will work against the price of gold.

    A. Inflation has become runaway due to excessive credit & currency wars in emerging mkts like india, china, brazil, russia, and this is causing the slowdown. Gold has become the best hedge over there.


    6) Gold is not a currency, and cannot be used as a means of exchange.

    A. Nouriel, It was never a currency. It was always the basis of any and every historic paper currency. Its so scarce thats why it holds value. Silver was used as currency, but now that too is not possible as all global silver inventory has been plundered in electronics.
    Jun 9, 2013. 05:12 PM | 1 Like Like |Link to Comment
  • Short Gold For The Long Haul [View article]
    Ananthan, You are obsessed by a tiny 13.9 Mt of gold Cyprus might sell or has already sold!

    When Gold imports by India, the world’s largest consumer, are set to exceed 100 metric tons for a second month in May. China too has increased its physical gold purchases by 180 mt. http://bloom.bg/170Ul1K

    Hey, and where were you sleeping when Gold's bull market started at 250$? It seems You have never correctly informed your clients or readers about Gold. Jim Sinclair did correctly predict it.

    Did you even care to find out the real economic impoverishment in USA? That all QE has done is monetize the debt, equity & real estate markets to show a fake recovery, that deflation implosion post Lehman is in curable (just like cancer) and that very soon QE (Chemo) will not help, as Dow Jones will have to come to terms with declining sales at corporations and blow off tops in their share prices.

    Also is it safe to hold a third party piece of paper (ETF GLD) when it takes just a stroke of pen to nullify even most trusted bank digital deposits and strip you bare of your own money (Cyprus)? Why can't India or China or USA be cyprusssed?

    Hyperinflation has started its first stage where people are loosing faith in the fiat currency & banking system. If they stop QE then the artificially monetized Dow , Bond, RealEstate flash crashes!


    SharKKrishna.blogspot.com
    May 8, 2013. 07:53 PM | 3 Likes Like |Link to Comment
  • Gold May Rally In Short Term, But Precious Metals' Future Looks Ugly [View article]
    Ananthan,

    Sorry to say, but You have got this one completely wrong.

    Deflation is simply not curable now. The real world economy is deflating and velocity of money is dropping at breakneck speed. Fed is trying its best to compensate for this loss of money supply, but its FUNNY MONEY is only rotting inside its toxic banking system. The banks won't lend and the borrowers are returning their existing loans. This paradigm shift in consumer borrowing, post Lehman, cannot be uprooted for maybe even a century.

    So basically commodities are signalling deflation and are falling since Sept 2012, when fed declared 85 bill per month in QE4. In sharp contrast, Equity markets are painting a misguiding picture and have been supported by this very FUNNY MONEY (QE money) when it will be soon evident that most of the stocks are held by the recipients of FED's QE Money, the banks (without hardly any participation by the real investor community), and that real earnings growth is completely lagging the irrational exuberance of the DOW JONES. Also why are equity markets unable to breakout its previous historic peaks (DOW & S&P 500) despite Billions every month thrown at it?

    So while Deflation is increasing its weight, Gold is trending the Commodities downcycle. But this is dangerous, because if the DEFLATIONARY COLLAPSE post Lehman was never cured, and if it become public knowledge that it is now Returning with a vengeance, then GOLD will go BLOODY COUNTER CYCLICAL and RISE as there will not be a SECOND CHANCE TO SAVE THE ENTIRE GLOBAL BANKING SYSTEM, regardless of whether they name it QE1000 or QE9000000 !

    How Long can the false STOCK MARKET barometer via the Constant Brainwashing by Mains Stream Media keep this irrational exuberance alive?
    Feb 24, 2013. 03:24 PM | 1 Like Like |Link to Comment
  • Gold May Rally In Short Term, But Precious Metals' Future Looks Ugly [View article]
    Read : http://bit.ly/Ypb9rC
    Feb 24, 2013. 03:09 PM | Likes Like |Link to Comment
  • Silver: Polishing Off The Tarnish [View article]
    The fical cliff fear is what is holding global hedge funds from all out RISK ON. read my blog posts and charts on this.
    Dec 17, 2012. 08:23 PM | 1 Like Like |Link to Comment
  • $20 Silver, $1,400 Gold Coming In Market 'Flush' [View article]
    If fiscalcliff is not resolved then derivatives blow up, gold skyrockets.

    If fiscalcliff is can-kicked, then gold skyrockets due to uncontrolled money printing.

    Its a no brainer. Read my blog or sa posts. 'cci signalling doom' & ' Gold's fiscalcliff conundrum'

    I agree that a small dip in gold is likely during the panic which will be created by unresolving the fiscalcliff by 31 dec. But this panic will enable politicians to can-kick and raise debt ceiling by mid Jan 2013. Thereafter its party time.

    Also if silver were to crash to 20$, in this correction, then dow would show 8000, and the entire derivatives space would blow up. Thats highly unlikely.

    They need to dramatize the can-kick, so they will bring in some fear by allowing fiscal cliff deadline to pass , and then in january they mkts will fear-panic and it will enable the can-kick!
    Dec 17, 2012. 08:14 PM | 3 Likes Like |Link to Comment
  • Will Interest Rates Rise In 2013? [View article]
    If the rotation out of bond occurs, then it will add jet fuel to velocity of money, and hyperinflation could ensue.

    Read my blog post which gives another perspective. "if ben allows rates to rise" & "smart rats and exit to gold"
    Dec 17, 2012. 08:07 PM | Likes Like |Link to Comment
  • The Deleveraging Myth: Why The U.S. May Be Headed For A Zero Growth Future [View article]
    If people are getting unemployed and food stamps are rising, then how can consumers save after paying their housing loans (fear of foreclosures). Also if inflation is so high, people cannot save much after paying off monthly liablities.

    Everyone is now scared of foreclosures and taking on more debt.
    Dec 17, 2012. 07:57 PM | Likes Like |Link to Comment
  • Chart Of The Week: Gold's Triple Top [View article]
    It is not a CLEAN triple top.

    However on the monthly chart there is a risk of a GIANT DOUBLE TOP. Check my blog for this chart.
    Dec 17, 2012. 07:50 PM | 2 Likes Like |Link to Comment
  • What To Do As We Head For The Fiscal Cliff [View article]
    You write too much. If fiscalcliff is not resolved then derivatives blow up, gold skyrockets.

    If fiscalcliff is can-kicked, then gold skyrockets due to uncontrolled money printing.

    Its a no brainer. Read my blog or sa posts. 'cci signalling doom' & ' Gold's fiscalcliff conundrum'

    They need to dramatize the can-kick, so they will bring in some fear by allowing fiscal cliff deadline to pass , and then in january they mkts will fear-panic and it will enable the can-kick!
    Dec 17, 2012. 07:41 PM | Likes Like |Link to Comment
  • What About That Hyperinflation? [View article]
    Hi cullen,

    Fed will never allow velocity of money to rise abruptly/sharply. All new money given to banks as bailout. Banks park it back in usa treasuries to save the dollar. Qe by proxy.

    But wait, the above hardly matters! Hyperinflation has started secretly, china and many others have hedged 50%of their USD exposure silently. Read my article, SMART RATS AND THE EXIT TO GOLD, at SA, OR AT MY BLOG.
    Dec 17, 2012. 08:03 AM | Likes Like |Link to Comment
  • Thoughts On Gold Price Manipulation [View article]
    the manipulation could not hold Gold Down as its evident from its rise from 250$ to 1700$ today.

    Let Them Manipulate as much as they like. Its 10 steps forward and 9 steps back.

    Gold cannot be traded, it can only be Hoarded. Nothing can beat the returns Gold can give.
    Dec 12, 2012. 12:30 AM | 1 Like Like |Link to Comment
  • Apple Chart Flashes Bubble Crash Warning [View article]
    Also this could presage the final collapse of markets which was not allowed due to bailouts post Lehman.

    QE has failed helping the economy, all statistics published are fake (as per shadowstats) and Apple is a bellwether in the S&P500, and this blow off top followed by H&S top could be a WARNING signal for the entire global Equity Space.
    Dec 11, 2012. 11:15 AM | Likes Like |Link to Comment
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