How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
They don't have failed auctions, because Primary Dealers are REQUIRED to make bids. And more helpful today is the fact that the FED will turn right around and buy back what was just sold to the Primary Dealers - providing a profit to them I am sure.
The Gold Bubble: Why It Just Won't Burst [View article]
So who do you think is losing money in gold. Physical holders or paper holders. GLD holders or American Eagle holders. The sound I hear is a welcome sound. It is the sound of the collapse of the paper manipulators. Those poor "housewives" in China and India seem to be ignoring that sound.
I don't know that I would say "equilibrium". But I would concur with a characterization of "kimchi". You are fundamentally saying that to recapitalize, all current shareholders would get the buzz cut down to zero.
wmateri - IMHO, GLD and its evil twin sisters were created with the idea in mind of:
Using other people's money to accumulate significant physical holdings of gold in a single place to support easy confiscation and/or to support hypothecation (leasing) with the intent to control/manipulate the paper price of gold in the market.
I am confident that the historically monied of the world intend to hold all the gold (physical) possible, and to leave Central Banks and Nations holding all the paper gold.
So why don't the banks voluntarily recapitalize by seeking equity by placing secondary offerings in the market? Is it that they don't want to, or is it that they will not find interested investors?
hat_trick3. What you saying is that we should all be happy that GLD is being forced to liquidate their stocks as that means fewer people own paper gold and more own physical gold. Hmmmm....sounds good to me.
Gold's Sell-Off A Bad Omen For Equity Markets [View article]
You say, "fire sale by Cypress" - 1. Do we know they actually sold? 2. The amount they had was absolutely inconsequential - 15 tons. China imported 275-ish last month - I think.
And you say, "big money managers (such as Paulson and Soros) trimming their positions." 1. And what about Soros going long call options in miners? 2. And do we know if Soros took delivery from GLD coincident with his declining position?
Wall Street Breakfast: Must-Know News [View article]
Ford.....I thought we just had this deal passed where minors could get the morning after pill without parental consent - don't recall if it was "free" or not.
The Bernanke Agenda - It Isn't What You Think It Is [View article]
So Stephen, what you are saying is that Bernanke is more than happy to have the banks sit on excess reserves and have the Fed pay them an risk free 0.25% on their reserves. This way the Banks don't have to lend. Oh....wait. Wasn't the Fed's charge not only to control inflation but to promote full employment? So, had I been there in the seat of a Congressman, I would have asked Bernanke how the Fed was fulfilling the 2nd part of their mandate by having Banks sit on excess reserves vs. lending them out. Why not zero out the payment for excess reserves?
Wall Street Breakfast: Must-Know News [View article]
How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
The Gold Bubble: Why It Just Won't Burst [View article]
Doomed Europe [View article]
Gold Liquidation Now Accelerating [View article]
Using other people's money to accumulate significant physical holdings of gold in a single place to support easy confiscation and/or to support hypothecation (leasing) with the intent to control/manipulate the paper price of gold in the market.
I am confident that the historically monied of the world intend to hold all the gold (physical) possible, and to leave Central Banks and Nations holding all the paper gold.
Doomed Europe [View article]
Gold Liquidation Now Accelerating [View article]
Gold Liquidation Now Accelerating [View article]
Gold Liquidation Now Accelerating [View article]
Gold's Sell-Off A Bad Omen For Equity Markets [View article]
1. Do we know they actually sold?
2. The amount they had was absolutely inconsequential - 15 tons. China imported 275-ish last month - I think.
And you say, "big money managers (such as Paulson and Soros) trimming their positions."
1. And what about Soros going long call options in miners?
2. And do we know if Soros took delivery from GLD coincident with his declining position?
The Major Bubble That Nobody Is Talking About [View article]
Wall Street Breakfast: Must-Know News [View article]
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]