What It Really Costs To Mine Silver: The Endeavour Silver First Quarter Edition [View article]
When Silver was 1st beaten down a few weeks back I was watching Apmex like a hawk, 100oz bars in particular. They had spot prices (As low as 1.19 over spot) & everything in stock. When it got to $23 EVERYTHING flew off the shelf, not a 100oz bar in stock & prices roared to (As low as 1.99 over spot).
Today... Prices have come down a little (1.39 over spot) and the inventory is completely refreshed. Those thinking we were going to get a supply crunch that would raise prices above the Comex... well that happened for a while but its over now.
As I speak $23 bucks again. Maybe they can drill it down to $20 but according to these article we would see a REAL supply crunch as miners shut down. They haven't YET.
4 Scary Charts Warning Of The Next Financial Crisis [View article]
All this GARBAGE about their borrowing costs... what freaking costs? They PRINT money man? What the hell do they care? They dont. They will buy more bonds to keep the borrowing costs down, hell they will buy the whole damn market if they have to.
As long as they have the G20 blessing & people will accept their currency as the US & others will its game on. You KNOW the US & everyone else will buy the Japanese bonds to keep em low just the way everyone is buying what should be worthless European bonds
Sorry to be crass but its one of those circle jerks... its a ponzi scheme but with a printing press calling the end of a ponzi scheme is futile. It sure will end, soon? No clue, no one knows
The stronger dollar has precious metals resuming their decline in force (or is the decline in precious metals strengthening the dollar), with gold (GLD) off 2.3% and silver (SLV) off 2.2%. Crude oil (USO) pulls back a bit from its recent big rally, -0.9% to $95.53. [View news story]
Flem-
Its the ultimate buying opportunity, since we have followed the path of Japan, its only a matter of time before we announce ANYTHING to devalue our currency & thus crash the dollar & gold shoots.
The Risk Of Recession Is Low And Declining [View article]
Notice you need infinite exponentially increasing money printing to get your economy... ha ha, joke will be on you. We all know you cant do this forever. Dow 100,000? Sure. Recession on paper? Maybe not but REAL hard times for actual human beings, damn right.
BoJ Asset Purchases: Is Japan Sowing Seeds Of Next Asset Bubble? [View article]
Its amazing that its turned into this... you as a CFA studied the past, learned all this stuff for proper investing & these central banks just threw a lot of it to hell. Look at AMZN, the Nikkei, even economic data that is awful is a reason to buy more.
Its just crystal ball guessing as to what the Feds are going to do... for the moment
Fed Policy To Remain As Easy As 1-2-3 [View article]
It is amazing that after 3 rounds of QE we are certain that QE will never stop because of its failure but thats the premise, especially as US macro has been SO bad. The worse the news is, the more solid QE to infinity is.
I've said it for years, a coke addict can't increase its dose to kick his habit.... so the real question is what will FORCE him to stop? Runaway inflation & we aren't even close... see Japan.
I'm a permabear & I've been dead right that QE is a failure but I never thought it would fail so badly that we would literally get no boost in the economy to stop even for a little while
Why I Remain Bearish Despite The Cyclical Bull Rally [View article]
We need something to break the mentality that "QE will boost stocks forever". When that mentality is challenged, questioned in any way, proven false... then we will see the downside to short. I'm not adding much here but I'm not shorting. Japan crumbling like a house of cards would be a catalyst
What It Really Costs To Mine Silver: The Endeavour Silver First Quarter Edition [View article]
What It Really Costs To Mine Silver: The Endeavour Silver First Quarter Edition [View article]
Today... Prices have come down a little (1.39 over spot) and the inventory is completely refreshed. Those thinking we were going to get a supply crunch that would raise prices above the Comex... well that happened for a while but its over now.
As I speak $23 bucks again. Maybe they can drill it down to $20 but according to these article we would see a REAL supply crunch as miners shut down. They haven't YET.
4 Scary Charts Warning Of The Next Financial Crisis [View article]
As long as they have the G20 blessing & people will accept their currency as the US & others will its game on. You KNOW the US & everyone else will buy the Japanese bonds to keep em low just the way everyone is buying what should be worthless European bonds
Sorry to be crass but its one of those circle jerks... its a ponzi scheme but with a printing press calling the end of a ponzi scheme is futile. It sure will end, soon? No clue, no one knows
Rumored WSJ Piece 'Fed Maps Exit From Stimulus' No Joke After All [View article]
A coke addict who has increased their dose over the years to get the same high will always have a plan to kick the habit
Its called the liquidity trap. Go ahead Fed, I DARE you to do it. You'll be back to the QE well like Japan.
The stronger dollar has precious metals resuming their decline in force (or is the decline in precious metals strengthening the dollar), with gold (GLD) off 2.3% and silver (SLV) off 2.2%. Crude oil (USO) pulls back a bit from its recent big rally, -0.9% to $95.53. [View news story]
Its the ultimate buying opportunity, since we have followed the path of Japan, its only a matter of time before we announce ANYTHING to devalue our currency & thus crash the dollar & gold shoots.
Chesapeake Will Continue Its Rise [View article]
Leverage up to buy stocks but not tangible assets?
CHK will benefit from getting their resources cheap in the past vs the oncoming Fed induced property\market bubble
Bullish Sentiment Rises For 4th Straight Week [View article]
Thats it folks. Its going to take something very big to shatter the current psychology that the Fed will never stop OR that QE isn't good for stocks.
The Risk Of Recession Is Low And Declining [View article]
BoJ Asset Purchases: Is Japan Sowing Seeds Of Next Asset Bubble? [View article]
Its just crystal ball guessing as to what the Feds are going to do... for the moment
Is Now The Time To Buy ArcelorMittal? [View article]
The last dive was due to woas in Europe but with Japan & everyone buying their bonds Europe has really come around... see FEZ
So... shouldn't that bring MT with it?
Fed Policy To Remain As Easy As 1-2-3 [View article]
I've said it for years, a coke addict can't increase its dose to kick his habit.... so the real question is what will FORCE him to stop? Runaway inflation & we aren't even close... see Japan.
I'm a permabear & I've been dead right that QE is a failure but I never thought it would fail so badly that we would literally get no boost in the economy to stop even for a little while
Forget The Jobless Recovery, Get Ready For The Full-Employed Recession [View article]
Why I Remain Bearish Despite The Cyclical Bull Rally [View article]
EWJ takes another 3% jump already today... the faith in QE is growing very fast
BoJ Asset Purchases: Is Japan Sowing Seeds Of Next Asset Bubble? [View article]
Why I Remain Bearish Despite The Cyclical Bull Rally [View article]