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filipo

filipo
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  • Interesting Times For All Commodities And Investments!! Chapter 102....... [View instapost]
    al,
    Suppose someone makes you chose between extremist islam and communism.
    What would you chose, assuming there is no 3d alternative ?
    Jan 18, 2015. 09:55 AM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 102....... [View instapost]
    crade,
    that is a disaster, not sure though if it is to those women, to the breast producers or to the husbands/boyfriends.
    Jan 18, 2015. 09:53 AM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 102....... [View instapost]
    IT,
    "anyone listens to the POTUS anymore."

    But he might be listening to you..
    Jan 18, 2015. 09:48 AM | 1 Like Like |Link to Comment
  • It's Game Time For Gold [View article]
    golfin,
    Hey ! Delete me from your list !
    Or else, add "inflation won't be a threat the next couple of months".
    Jan 18, 2015. 09:45 AM | Likes Like |Link to Comment
  • It's Game Time For Gold [View article]
    "be patient as The Fed says."

    LOL.
    They said that referring to something else....
    goodie !!!!!
    Jan 18, 2015. 09:42 AM | Likes Like |Link to Comment
  • The SNB Catalyst For GLD [View article]
    Tnx, fish, for reminding me.
    HAving an idea of the Great Disappointment that Dragi will serve the markets Jan 22, I'm looking forward to the FOMC-meeting Jan 27-28.
    I regard the Greek elections as a non-event.
    If at one thing the Greeks have Always since old ages excelled, it's at playing dramatic theatre. The script has been written, the tickets are sold, the actors are warming up backstage.
    The play will make the audience weep but at the end everyone goes home and tweets "excellent play that was; I was moved to the bone; should grant these actors a wage lift".
    Jan 18, 2015. 09:29 AM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    Andreas,
    "Honni" instead of "Honi"
    The English never understood frog-speech.
    Jan 18, 2015. 09:17 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 102....... [View instapost]
    Newbie,
    I know Greece is.
    Venezuela ? Possibly, in any case they lack oil revenue...
    Jan 17, 2015. 07:38 PM | 1 Like Like |Link to Comment
  • It's Game Time For Gold [View article]
    rogro,
    Indeed, China slightly reducing treasuries:
    http://bit.ly/1AtZ4D2
    and increasing gold stash:
    http://bit.ly/1AtZ4D3
    Jan 17, 2015. 07:36 PM | Likes Like |Link to Comment
  • The SNB Catalyst For GLD [View article]
    Tao,
    Hear, hear !
    Jan 17, 2015. 07:09 PM | 3 Likes Like |Link to Comment
  • The SNB Catalyst For GLD [View article]
    fish,
    "Currency manipulation, gold manipulation, power manipulation, oil manipulation, aluminum manipulation, silver manipulation,"

    You are absolutely right and are describing a phenomenon that is going on since, let me guess, the last 5,000 years ? That's why it's such a Delight to study history in depth: you discover all the shenanigans over the ages.
    So I see no reason to despair now more than yesterday.

    If you accept the phenomenon of cheating by the authorities as something unavoidable like rain and tornadoes, you're a step closer to the solution.
    How do I deal with it ? Well, by being a contrarian in all my investments, by investigating corporates as deep and often as I can get, in short by being an uber sceptic.
    Trying to read one's mind -in this case a Central Banker's mind- is a further step.
    Another step: avoid FX, avoid hedgefunds and avoid miners:
    http://bit.ly/1udwtp2
    The final step is indeed: buy physical, little by little and hide it.
    But that's something you and I have been doing longtime ago already, so we didn't need the Swiss to remind us of that, did we ?
    Jan 17, 2015. 06:57 PM | 1 Like Like |Link to Comment
  • The Coming Euro Crash [View article]
    net,
    Try to be honest, if not to me, than at least to yourself.

    What was your initial assessment ?

    It was this one:

    "Supernormal inflation in the 17th century, caused by the flow of precious metals from the American colonies gradually damaged the Spanish economy. .... An oversupply of silver caused inflation. Spaniards generally saw less value in silver as it was no longer as dear as before."

    I pointed out to you that this was a wrong assessment, and I proved that it was a wrong assessment based on scientific historic research, with references included.
    There was NO oversupply of silver in 17th cent Europe and the Spaniards did NOT see less value in silver either.

    For the rest you may believe whatever you want, even that there is ET life on the moon, I DO NOT CARE and I will not respond to you anymore because you keep on avoiding the issue this whole discussion started about.
    Fare well !
    Jan 17, 2015. 06:13 PM | Likes Like |Link to Comment
  • The SNB Catalyst For GLD [View article]
    fish,
    That was a hefty comment.
    I understand your rage, written from the point of view of a US citizen and a good patriot -US hedge funds lost billions on the unexpected SNB move-, but consider for a moment the Swiss situation:

    - The Swiss assumed that Draghi next week would start a full blown QE program. If they would have waited till Draghi started buying sovereign bonds, dragging the euro to sub USD parity, they would have been forced to even buy more euros and stuff them on their balance sheet to keep the 1.20 peg. That simply wasn't possible. They would have lost more on an ever devaluing euro than with the present operation.
    - The Swiss being half Germans, they don't want their currency to be dragged down. They prefer a hard currency. The peg to the euro had a perverse effect to that regard:
    http://bit.ly/1Bj1ytk
    -The Swiss had to do the move in a stealth way. Otherwise the markets would have destroyed their scheme, sending the CHF to the stratosphere and compelling the SNB to still buy more euros. As a Belgian, I'm used to these kind of operations. During my lifetime we had 6 devaluations of the Belgian franc. They Always were carried out on a sunday night before the markets opened. You have to take the markets aback, otherwise these things don't work out well. The Bernanke promise of Fed transparency is utter BS. Greenspan never was transparent nor was any central banker before.
    CB's by definition cannot be transparent. It's like playing poker and requiring that everyone shows his cards before the game starts.
    Jan 17, 2015. 03:23 PM | 12 Likes Like |Link to Comment
  • The SNB Catalyst For GLD [View article]
    Ben,
    Good analysis of the situation.
    However, I disagree on 1 point which is quite crucial.
    You discern a US economic recovery while I don't:
    http://bloom.bg/1BiShBB
    The strong USD being a hindrance and lots of other causes that I described earlier.

    You said:
    "My opinion is that QE and the bank stress test cause the recovery in confidence first"
    QE might have caused confidence in the first place -QE1 restoring the necessary economic tissue- but did the following rounds of QE cause substantial economic growth except for Wall Street ?
    http://bit.ly/1BiSkgV

    And Harry Dent has a different view than you too:
    http://bit.ly/1IL7mwB

    I agree though that the POG is bound to rise, but for slightly different reasons than you: the Chinese are slowly starting to diversify from T-bonds into buying ever more gold.

    Indeed, the SNB-move might have been the catalyst, I agree on that. Sometimes it takes a grain of sand to cause an avalanche.
    Jan 17, 2015. 02:52 PM | 2 Likes Like |Link to Comment
  • It's Game Time For Gold [View article]
    Ruben,
    You have hit the nail on the head.
    The Chinese are selling Treasuries and guess what they buy instead.
    Jan 17, 2015. 12:47 PM | Likes Like |Link to Comment
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