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filipo

filipo
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  • So Undervalued, They're Golden [View article]
    King,
    They're in the gutter right now..with gold at $1,220
    Sep 18 03:52 PM | Likes Like |Link to Comment
  • So Undervalued, They're Golden [View article]
    King,
    All three might face a liquidity problem at some point.
    Sep 18 03:50 PM | 1 Like Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    Kansas,

    That's what they call a short squeeze what you describe there.

    Quite remarkable, I must say, but I'm not surprised: Comex shenanigans squeeze PM's out of the country right into the arms of the Easterns.
    Besides, at these suppressed prices who with even little brain capacity would sell ?

    I myself never experienced this: my dealer always has what I ask for, even if sometimes I have to wait 3 months for delivery.
    Maybe it comes down to the same phenomenon.
    Sep 18 03:33 PM | Likes Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    Social Dentist,
    Did jeffrey jones take into account the accumulated US public debt of the last 5 years ?
    Sep 18 03:16 PM | Likes Like |Link to Comment
  • GLD: Will This ETF Continue To Fall? [View article]
    fish,
    Hongkong still runs 1.3 million ounces a day:
    http://bloom.bg/1qhEYq5
    Sep 18 03:14 PM | Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    John,
    I completely agree with you that Ecuador nor any other country that has been dealing with GS (or JPM) under the form of gold leasing (Argentina, Venezuela, Ukraine), will ever see their gold back.
    Germany tried to repatriate their gold and last year got a lousy 5 T back from the 300 T promised. It appears this year will be better: 20 T.
    Fact is that GS and JPM are scanning the world in search of countries who are in a financially dare situation and who happen to have some gold reserves. Once found, they offer them a contract, grab their gold and throw it on the market to slam the gold price.
    In view of the fact that there are quite a few countries nowadays whose financial situation can readily be described as dare, these vultures have no difficulty in finding what they're looking for.
    How long will this last ? I'm afraid till the last Central Bank will have been sold out.
    I have no fear regarding the Scottish referendum: the majority will reject.
    Sep 18 10:19 AM | Likes Like |Link to Comment
  • Stocks in the green as FOMC sets end of QE; talks rate hikes [View news story]
    Matthew,

    That's what I meant: not qualified for the kind of work that is being offered.

    If you are a qualified theologist, you may be called qualified, however in view of the fact that not so many theologists are being sollicited by the job offering community, your qualification, even if you desperately want a job, will not easily meet someone ready to qualify you for a well paid occupation other than cleaning lady.
    Sep 18 10:05 AM | Likes Like |Link to Comment
  • GLD - The Bottom Is Here [View article]
    noos,
    Milton Friedman said something similar: inflation is and only is a monetary matter.
    I'm only trying to find an answer to the question why isn't there more inflation.
    I agree there is more than the CPI supposes. US milk f.i. is at an all time high and lots of other products related to food too.
    But suppose there is 5-6% inflation instead of the 1,7 the government wants us to beleive, that's not the 15-20% one would easily expect given the exponential rise of federal debt (soon $18 T) and all in debt (close to $60 T).
    So I'm still bewildered: how come ? Is Friedman wrong ? Did he overlook something ?
    When we take Weimar as an example, it took quite a few years (3-4) before inflation lifted off. It was only when they started granting direct money and consistent wage increases to the populace that it did.
    However, what I see here in Europe, are rather wage decreases and no money comes falling from the sky, on the contrary, the sky sucks money up in the form of higher taxes and lower salaries.
    So I don't see that many cash being channeled straight into the public spending funnel.
    Draghi wanted to distribute €400bn to illiquid banks under the form of LTRO's and he only got requested €81bn. That tells it all. Banks don't need the money cause they have no clients asking for.
    Why do clients not ask for money ?
    They fear they might not be able to pay back cause their incomes (pensions, wages, rents) are too low and they have to pay too high taxes.
    Sep 18 09:57 AM | Likes Like |Link to Comment
  • Stocks in the green as FOMC sets end of QE; talks rate hikes [View news story]
    gel,
    Maybe young, but not qualified to find work.
    Sep 18 09:37 AM | Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    Avi,
    Rupee went down too.
    Sep 18 12:19 AM | Likes Like |Link to Comment
  • SPDR Gold Trust - Use Any Uptick Today To Sell Near-Term [View article]
    Robert,
    You're quite an Apostle !
    Sep 18 12:09 AM | Likes Like |Link to Comment
  • GLD - The Bottom Is Here [View article]
    Avi,
    So the fines Jamie Dimon's JPM had to pay for exposed illegal actions like manipulating FX were inappropriate ?
    Sep 18 12:06 AM | 1 Like Like |Link to Comment
  • GLD - The Bottom Is Here [View article]
    Avi,
    Hence the rozy Rating Agencies' ratings of banking institutions and countries like Greece in 2007.
    I understand all that, but how can you from a chart read what others can't ?
    Sep 17 11:51 PM | Likes Like |Link to Comment
  • So Undervalued, They're Golden [View article]
    Philip,
    You are right.
    Liquidation value never equals book value.
    This rule #1 for every company's 101 economics seems to be overlooked in the article.
    Sep 17 11:23 PM | 7 Likes Like |Link to Comment
  • So Undervalued, They're Golden [View article]
    Mkt,
    It's no coincidence that a new flas crash of the gold price happened with Yellen having her speech at the latest FOMC meeting.
    It is meant to say "Hey, you, morons, I'm the elite, you are the worms".
    This is Comex at it's best.
    Sep 17 11:14 PM | 5 Likes Like |Link to Comment
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