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  • Gold: A Bright Shining Lie? [View article]
    John the banks don't money launder and did not manipulate LIBOR so there is no reason to suspect foul play.


    Anyway you are right. GLD is a myth. Gold is the real deal.
    Apr 18 04:27 PM | 23 Likes Like |Link to Comment
  • When To Worry About Inflation [View article]
    "There is no wage inflation"

    Correct. However that is quite the conundrum when food, energy, healthcare, education etc. etc. etc. costs are skyrocketing.

    The bad news is people can't afford anything. The good news is we have determined that your salary should remain consistent....ensuring your inablity to afford anything. Welcome to the new economy.
    Feb 8 06:00 PM | 21 Likes Like |Link to Comment
  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    How about this solution. All federal workers take a 30% pay cut and a 50% cut in pension and entitlements. Wall street banks have to go back to the good old days where they were just banks. In effect, giving them similar cuts in pay. Health insurance gets revamped so that your individual premium is based on your individual health (with help to those with pre existing conditions). Social security starts at age 75 for all those 35 and under because people should not spend the last 25 years of their life being non productive in society. Unemployment insurance exists but you can't sit on your ass and collect a check. A list of chores (clean up your neighborhood etc) have to be completed each week or you don't get your weekly stipend. People have to all chip in.

    I could go on and on but if people really want to fix things they have to actually cough something up.

    Since that will never happen let's get back to our original programming. Today and everydays show is "printing money to pay for crap until the currency blows up".
    Jan 1 09:36 AM | 21 Likes Like |Link to Comment
  • In Defense Of Apple: Battling The Mounting Hysteria [View article]
    Big crowds small exits. Same as it ever was.
    Jan 24 06:36 PM | 20 Likes Like |Link to Comment
  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    bbro those who wear a smile for an umbrella get their ass soaking wet. Reality is neither positive nor negative. It just is what it is. Hedge accordingly.
    Jan 1 09:28 AM | 18 Likes Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    show me any other market where demand goes parabolic while price drops...oh and throw in lack of supply.

    When you get hungry do you go out and buy pictures of food?

    There is a big difference between physical and paper, and people are going to find that out at some point soon enough.
    Apr 18 11:19 AM | 17 Likes Like |Link to Comment
  • Why Hyperinflation Is A Myth (And What It Means For Gold Prices) [View article]
    The government of India is doing everything in it's power to limit it's citizens ability to buy gold, which they view as money and an inflation edge...

    So you are pro government oppression against citizens trying to protect themselves from profligate government decisions and the consequences.

    Good on you for admitting it!
    Feb 12 09:48 AM | 17 Likes Like |Link to Comment
  • It's Getting Hard To Be A Gold Bull These Days [View article]
    " with the intractable problem of the U.S. debt once again "kicked down the road" until sometime this spring, there are no short-term catalysts to drive metal prices higher."

    "Although anything is possible, it is now likely that credit rating agencies will defer judgment on U.S. credit worthiness until after the next round of negotiations gets underway and, while a government shutdown and spending cuts may disrupt financial markets a bit, they are not likely to have the same impact on precious metals markets as would another credit downgrade."

    Wow. Just wow. This must be opposite day. The debt limit getting kicked down the road is now bearish for gold. Expanding debt is now bearish. Okay, let me process that one. Nah, I can't.

    Does anyone on here have the cajones to ask why the credit ratings agencies continue to be complicit in leaving our credit rating alone while we make fools of ourselves? Egan Jones was not complicit. How did that work out for them....Ah I think the picture is becoming a bit clearer now.

    Anyone at this point waiting for ratings agencies or congress or whatever has been watching this kabuki theatre all along thinking it is real. They will pull the strings like this until the strings start breaking. When that happens will all have gotten out of dodge.
    Jan 27 11:46 AM | 17 Likes Like |Link to Comment
  • Physical Gold Vs. Paper Gold: The Ultimate Disconnect [View article]
    Kyle Bass said that if roughly 4% of people at the comex aked for delivery the comex would default. Looks like we are going to find out soon if he was right.
    Apr 24 11:36 AM | 16 Likes Like |Link to Comment
  • Gold Looks Expensive [View article]
    " if the Fed were to even suggest that it is contemplating a reversal of its quantitative easing" The selloff in the bond market would brutally painful. Rates would overshoot higher as everyone scrambles for the exits at once. That would send the whole curve higher and jack up mortgage rates, crushing housing. That in turn would cause a massive recession, crushing the stock market. Forget what it would do to the US debt service.

    Does that shed any light on why the latest QE program is QEinfinity? They can't reverse this. Or if they do, people would realize real quick that the whole recovery was artificial.
    Nov 27 07:04 AM | 16 Likes Like |Link to Comment
  • The Golden Canary In The Coal Mine [View article]
    "Ben Bernanke said that the Fed was closely monitoring the market for signs of excessive risk appetite, such as reaching for yield"

    The point is, if the fed sees a bubble at this point, there is nothing they can do about it. They are impotent.
    May 13 06:46 AM | 15 Likes Like |Link to Comment
  • Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
    "When an asset loses 13% in two weeks, with daily swings upwards of 7%, it's neither a legitimate nor a reliable currency"

    Since when is a worthless paper IOU an Asset?

    By the just described Apple.
    May 2 09:50 AM | 15 Likes Like |Link to Comment
  • How Inflation Could Happen In The U.S. [View article]
    Makers mark trying to dilute their liquor....class action suit against subway for shrinking their sandwiches....1lb of coffee being sold in 12oz packages. etc. etc....nope....that does not indicate companies trying to hide inflation.

    Gas prices going up 32 days in a inflation.

    Come on James....all this in the face of stagnant wage growth at best. People are getting crushed under higher prices....tuition, healthcare etc. etc. etc. How about transportation costs? Tolls and subways etc.

    Now throw in the 2% payroll tax hike etc...

    Really? You really want people to think there is no inflation?

    Come on man.....
    Feb 23 10:57 AM | 13 Likes Like |Link to Comment
  • The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
    Hebba you are the most informative author I have found on SA.

    Thank you.
    May 16 09:36 AM | 12 Likes Like |Link to Comment
  • Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
    I completely concur that it is prudent to be selling anything SLV and GLD related and deal with the wait times and supply shocks that are hitting the physical markets and try to get themselves the physical precious metals. Who wants to be stuck holding worthless IOU's?
    May 2 08:15 AM | 11 Likes Like |Link to Comment