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WMARKW

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  • John Hussman thinks analysts who diminish the chances of recession after the recent string of better-than-expected economic reports are misreading the data, failing to account for the predictive strength of given data points in explaining subsequent movements in the economy: "The balance of leading evidence continues to indicate a very high likelihood of an oncoming recession."  [View news story]
    Yep....everytime the Pres. needs a bump in poll numbers we come out of a recession. To me we have been in one long recession and it is not getting better, except at the margins. We will continue until individual family balance sheets permit them to feel comfortable about borrowing to consume.
    Jan 9, 2012. 01:47 PM | 3 Likes Like |Link to Comment
  • The NY Fed's William Dudley adds a little more to his plate, taking on the chairmanship of the BIS Committee on the Global Financial System. The position will put Dudley at the fulcrum of global bank reform.  [View news story]
    Wow....I'm feeling better already. How about you? This means our "banking" crisis should end in about.....what....5 or 6 years?
    Jan 9, 2012. 01:40 PM | Likes Like |Link to Comment
  • Buy Gold In Advance Of QE3 [View article]
    Rich....and the Market Cap of XOM is....$408 billion. A single oil company at nearly 1/2 trillion.

    Oxford Economics latest report suggests a 5% allocation to gold is an excellent portfolio diversification strategy....So with what $50 trillion in US wealth that would be $2.5 trillion?
    Jan 8, 2012. 11:01 PM | Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    This excellent piece of work by Oxford Economics runs a number of models considering inflation, deflation, stagflation, and a normal scenario. It ranks cash, equities, gold, etc as the best to hold in each of these various situations. It is well written, and well documented. It is worth a read.

    http://bit.ly/yo231o
    Jan 8, 2012. 10:47 PM | 2 Likes Like |Link to Comment
  • Stocks: Blissfully Drifting Toward A Firestorm [View article]
    I paid $2.68 a gallon for regular at my local Chevron station this weekend. I am glad prices have dropped.
    Jan 8, 2012. 10:42 PM | Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    Debbie....if I may call you that abbreviation.....some goofy reporter transcribing the notes of your testimony to the senate sub-committee on money laundering, will remember that your testimony sounds an awful lot like Jon Corzine's and then you will be fined severly for plagiarism.

    Please invite me to the hearing....I would love to be there as a character witness.
    Jan 8, 2012. 10:33 PM | 1 Like Like |Link to Comment
  • Just How Low Can Gold ETFs Go? [View article]
    Chas voice. Read your article the other day on silver supply. Great comment and very good to point out the bogus nature of the statistics.

    I think the world is learning more and more every day that they cannot trust the PM manipulators. How many more MF Globals will it take for any consequential investor to seriously challenge the "establishment" re: precious metals. Already there is evidence of well-heeled investors abandoning the "establishment" approaches that involve COMEX, CFTC, CME, etc. Their reputation in precious metals has virtually been tarnished beyond repair.
    Jan 8, 2012. 12:20 PM | 1 Like Like |Link to Comment
  • Just How Low Can Gold ETFs Go? [View article]
    Well Ker.nulov....all I can say for your prediction is this. Wow....that will be a great buying opportunity.
    Jan 8, 2012. 12:14 PM | 1 Like Like |Link to Comment
  • Just How Low Can Gold ETFs Go? [View article]
    Deb...that is truly ironic. The "Crazy One" is the canary in the gold mine.....literally.
    Jan 8, 2012. 12:12 PM | 2 Likes Like |Link to Comment
  • Stocks: Blissfully Drifting Toward A Firestorm [View article]
    I can't find any reason to assume GDP growth of better than 1.0 - 1.5%. With that and government spending growing 2x+ times as fast, we'll continue to experience trillion $ deficits as far as the eye can see - well at least the next 3 - 5 years. In this balance sheet recession, it will take that long for people to recover from the drubbing they took in housing. We have gone from borrowing to spend to saving and not spending. That shift directly affects GDP. It will change when consumers feel they are once again safe to borrow to spend.
    Jan 8, 2012. 12:09 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Ginny....the cost of wars ruin nations. The USA would have been ruined long ago except for its reserve currency status. The is perhaps nothing more wasteful that so spend $1 million on a cruise missle only to have it explode and vanish. Multiply that by thousands and millions and you ruin nations.
    Jan 8, 2012. 11:57 AM | Likes Like |Link to Comment
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    Venerability....sounds to me like you are a rummy grubbing drummer. Perhaps my wife and I will join you on the beach....starting next year when the "massive" Social Security payments begin rolling in. (ha. ha)
    Jan 8, 2012. 11:26 AM | 1 Like Like |Link to Comment
  • Have Central Bank Gold Purchases Swamped The Market? [View article]
    "Ask any home owner up to their neck in debt how the got there.
    They will tell you it made no sense to hold cash with the markets soaring." And yet an investor holding cash the last 5 years could buy the same home he wanted to buy 4 years ago at 1/2 price.
    Jan 8, 2012. 11:23 AM | 4 Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    Birdman....you could have looked at that Chart when a house was 350 ounces and made an assessment that it was time to trade gold for houses. And....that decision would have been wrong. So, from my point of view, I look at that chart now and I am happy that I still hold (oops I just sold it remember and gave the proceeds to charities) the PM's. Dang....I got to stop doing that. [ you had to read the post on the other article before this one]
    Jan 8, 2012. 11:18 AM | 2 Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    As of this very moment I have sold all my PM holdings and given the cash proceeds to a number of different charities....so don't bother to come looking at my house for anything of the Au - Ag persuasion. PS. It was never at my house anyway....it was in my safe deposit box, because I trust the banks more.....(hope they read this !)
    Jan 8, 2012. 11:14 AM | 2 Likes Like |Link to Comment
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