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golfitobob

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  • Get Ready for $30 Silver [View article]
    I am new to this site ,but, at 56 I have been around the market as a way of life starting at age 7....... Having a Jewish dad it was not tee baseball or pop Warner football. It was a chair in Gruntal brokers an learn the symbols......

    Silver.......... the last time it hit 50 I hopped on my bike an sold my coin collection. Last Thursday when it hit 50 I sold SLV and the wife an I hit the Pawn shops in David , Panama where we live and sold a bunch..

    Why........... For 3 solid weeks the shorting was huge ! 300 basis points above the normal cost.There was panik trying to borrow the SLV ! Any silver bull who didn't see that was a fool.. Yes HSBC an JP are not nice fellows and to all those experts who point to periods of time telling of the relationship between gold an silver I will just say to me this is the year 5771 an not 2011. It is a G-d thingee.

    As I have written elsewhere on the SLV article that silver an gold are the only true money and Mr. Nixon is the one who turned the world into a giant fiat ponzi scheme....... I will buy back my silver starting Monday and to all those who want to know the true ratio between gold an silver.............. 5500 years says 16 !!!!!!!

    Silver easily can make 50 look CHEAP.....
    The next time it will crash through 50.

    pura vida, Bob Shakerdge
    May 5, 2011. 09:37 PM | 9 Likes Like |Link to Comment
  • More Talk Of A Bubble In Gold [View article]
    Are you trolling or just brain dead ?
    Sep 5, 2011. 09:38 PM | 8 Likes Like |Link to Comment
  • QuickChat #212, November 7, 2011 [View instapost]
    UN vote result update an US - Israel situation !

    My sources explained that the Palestinians were sandbagged by the group committee because a few leaders are in tough re-election battles and they wanted to stall the issue until the elections were over. The French & US were the 2 that pushed the hardest for the majority to not approve an force the US to use the veto ! And,it was not to benefit Israel as comments that leaked showed they were not fans of Israeli PM !

    Now, the Palestinians need to regroup an start their next move an this buys much time and didn't allow Abass the PR move he had planned. So, with the Arab Council busy with Syria it will by much needed time for Sarkosy an Barry to work on job security.

    So, my instincts to go long oil & PMs but wait to short until the stuff hit the fan was/is best !

    So, now the US is on a verbal campaign against Iran & Israel as I stated is alone an it will be hard for them,but, 50% of Israelis knew all along what the real deal is !

    Here is a news account of where were at ! gb

    http://tgr.ph/t7EMC9
    Nov 13, 2011. 03:57 AM | 7 Likes Like |Link to Comment
  • If a debt deal comes in the next three days, you'll probably be tempted to join a relief rally in equities. Don't buy it, says James Saft: Weakness in areas like housing and consumer spending isn't going anywhere, and the trend toward U.S. austerity likely won't change until "after the beginning of the recession it will help to cause."  [View news story]
    Nope, there is really no hope for the US economy. Big waves of layoffs are being announced every day. CSCO, MERCK, Borders, Banks, Wall Street etc.........And, State an local Govs are laying off big time.

    The housing market is now 27% underwater and the hedge funds have been gobbling up the distressed commercial stuff for the future,but, that shoe will drop. What will more layoffs do to the home market ? More foreclosures ? Another wave ?

    However, major multinationals are the only game in town and some have decent bond payouts. Ya might go that rout as they have the money to pay........Some may choose the preferred convertibles and if we ever get the comeback.switch..........

    AAPL ( for eg. ) is just getting started in China and the problem with US investors. They put to much emphasis on the shrinking US consumer base. Other companies will boom like AAPL and most Dow stocks have huge foreign exposure......

    Think BRICs and beyond............The world is a giant consumer base and there is silver & gold for freaks like me.

    Don't worry ....be happy
    Jul 30, 2011. 09:43 AM | 7 Likes Like |Link to Comment
  • QuickChat #214, November 18, 2011 [View instapost]
    FPA, great post ! I was just reading that when your flag showed.Ya beat me again!
    It never ends an the game rules change fast now. I only trade 3Xs now an this expands my world................ thanx, gb
    Nov 18, 2011. 07:32 PM | 6 Likes Like |Link to Comment
  • QuickChat #212, November 7, 2011 [View instapost]
    Still, from day one Obama's team feared only Huntsman.

    He is not very conservative on issues that demand political savvy .
    He would be my choice as he can look the camera in the lenses an be honest an comfortable in his own skin. The rest are out there an not credible accept in there own districts .

    So, your correct. They don't have an electable candidate an I think all here knew that from debate 1. And, Steve Forbes. We've been there an done that ! Seems a third party candidate my get in and the last time that happened the President with the best resume of all time GHWB lost his chance for a second term an slick Willie got the job. Many are fans of him ,but, I am not ! Morals matter ! gb
    Nov 10, 2011. 03:38 AM | 6 Likes Like |Link to Comment
  • QuickChat #212, November 7, 2011 [View instapost]
    Lots of doctors an pharmacy visits .

    Then I come back an all stops hit an maybe all the months of horrible economic forecasting may finally show itself. All the cross the pond comments an US households sinking..

    .The perfect storm ?!!!

    G-d bless the stop loss as today I went 3 trades up an 4 down an did not make my normal 1000. Way below an I say thanks for that.

    Bloomberg just reported that this years total combined earnings for the US 92% went to Corporations an 8% went to the public. The US is in more trouble then that of the EU....

    And, Merkal is saying now that a few countries will LEAVE the Euro ! Well, who'd a guessed ! Took the words right out of my mouth!

    Funny, I had all my ppl buying shorts for the Middle East weekend an dumb luck there thrilled an the PMs are only slightly giving back a tiny part of the gain. Oil about even,so, I am having a year to dream about ,but, when you talk horror an it starts to actually happen you just can't be happy..........gb

    2 words! Go PANAMA !
    Nov 9, 2011. 03:34 PM | 6 Likes Like |Link to Comment
  • Stability of the European Union (6)? (Starts October 25, 2011) [View instapost]
    That is what the Euro group was told by the big banker at the last hour. Dr Greenspan will be right and there will be doom !

    The can isn't kevlar
    Oct 27, 2011. 10:42 AM | 6 Likes Like |Link to Comment
  • Stability of the European Union (6)? (Starts October 25, 2011) [View instapost]
    BINGO ! K202 wins the prize. The NWO of headline to headline is the key to modern investing ! Now sir, go past Go an collect your 2 trillion !

    The new game of monopoly !

    I will stick to Golfitobob's plan of 3X ETFs only ! Up or down and when a blessed headline is do I will hold over night. I assumed UPRO an FAS will surely rise on the Europe news and held !

    Now, will the new 2.5% GDP speak meet or beat and do I sell at 8:15 am or take a chance of waiting to 8:30 am ?!

    tic tic tic tic tic tock..... Risk a massive gain for more ? Sell half and temper loss/gain.. These are the new game questions.. gb
    Oct 27, 2011. 03:38 AM | 6 Likes Like |Link to Comment
  • QuickChat #205, October 5, 2011 [View instapost]
    God bless you Steve. Gods speed....... Thanx
    Oct 5, 2011. 07:48 PM | 6 Likes Like |Link to Comment
  • QuickChat #197, August 26, 2011 [View instapost]
    Not, me.. 400 comments in the last 2 months ! Begging all who would listen. Cousins in Israel getting recalled and Mosad trying to judge how much weaponry has crossed in Gaza through the tunnels; while much of the forces had to cover the open border...

    How many posts here. Glenn Beck was slammed by the NY Times and made a joke off. Well he just came from Israel and addessed the Knesset. Bless him and if you thing oil will go up
    BUY GOLDDDDDDD and be short US stocks !

    The Muslim brotherhood are the least of the worries. Hezbolla, Hamas are firing rockets now and hundreds are dead on the Syrian border as there tring to storm the gates.

    US news organiztions are being muzzeled as the worship Barry...........O.....

    Read some of my posts ! The UN two state vote will start the carnage in September and those who are not ready and have stocks...... good stocks .......bad stocks........ Down they go.
    Read my post above................Have fun. It ain't fun to me ! gb
    Aug 30, 2011. 11:41 AM | 6 Likes Like |Link to Comment
  • QuickChat #197, August 26, 2011 [View instapost]
    Ace, on S A we get lots of the smartest folks here belittling others and education is highly touted, so, when guys here talk about high school education... I want all of you to see what it was like for old America and pre high school.. Lets see who knows what ?


    Take this test and pass it on to your more literate friends.


    What it took to get an 8th grade education in 1895….Mauro

    Remember when grandparents and great-grandparents stated that they only had an 8th grade education? Well, check this out. Could any of us have passed the 8th grade in 1895?

    This is the eighth-grade final exam from 1895 in Salina , Kansas , USA . It was taken from the original document on file at the Smokey Valley Genealogical Society and Library in Salina , and reprinted by the Salina Journal.

    8th Grade Final Exam: Salina , KS - 1895

    Grammar (Time, one hour)
    1. Give nine rules for the use of capital letters.
    2. Name the parts of speech and define those that have no modifications. 3. Define verse, stanza and paragraph
    4. What are the principal parts of a verb? Give principal parts of 'lie,''play,' and 'run.'
    5. Define case; illustrate each case.
    6 What is punctuation? Give rules for principal marks of punctuation.
    7 - 10. Write a composition of about 150 words and show therein that you understand the practical use of the rules of grammar.

    Arithmetic (Time,1 hour 15 minutes)
    1. Name and define the Fundamental Rules of Arithmetic.
    2. A wagon box is 2 ft. Deep, 10 feet long, and 3 ft. Wide. How many bushels of wheat will it hold?
    3. If a load of wheat weighs 3,942 lbs., what is it worth at 50cts/bushel, deducting 1,050 lbs. For tare?
    4. District No 33 has a valuation of $35,000.. What is the necessary levy to carry on a school seven months at $50 per month, and have $104 for incidentals?
    5. Find the cost of 6,720 lbs. of coal at $6.00 per ton.
    6. Find the interest of $512.60 for 8 months and 18 days at 7 percent.
    7. What is the cost of 40 boards 12 inches wide and 16 ft. long at $20 per metre?
    8. Find bank discount on $300 for 90 days (no grace) at 10 percent.
    9. What is the cost of a square farm at $15 per acre, the distance of which is 640 rods?
    10. Write a Bank Check, a Promissory Note, and a Receipt

    U.S. History (Time, 45 minutes)
    1. Give the epochs into which U.S. History is divided
    2. Give an account of the discovery of America by Columbus
    3. Relate the causes and results of the Revolutionary War.
    4. Show the territorial growth of the United States
    5. Tell what you can of the history of Kansas
    6. Describe three of the most prominent battles of the Rebellion.
    7. Who were the following: Morse, Whitney, Fulton , Bell , Lincoln , Penn, and Howe?
    8. Name events connected with the following dates: 1607, 1620, 1800, 1849, 1865.

    Orthography (Time, one hour)
    [Do we even know what this is??]
    1. What is meant by the following: alphabet, phonetic, orthography, etymology, syllabication
    2. What are elementary sounds? How classified?
    3. What are the following, and give examples of each: trigraph, subvocals, diphthong, cognate letters, linguals
    4. Give four substitutes for caret 'u.' (HUH?)
    5. Give two rules for spelling words with final 'e.' Name two exceptions under each rule.
    6. Give two uses of silent letters in spelling. Illustrate each.
    7. Define the following prefixes and use in connection with a word: bi, dis-mis, pre, semi, post, non, inter, mono, sup.
    8. Mark diacritically and divide into syllables the following, and name the sign that indicates the sound: card, ball, mercy, sir, odd, cell, rise, blood, fare, last.
    9. Use the following correctly in sentences: cite, site, sight, fane, fain, feign, vane , vain, vein, raze, raise, rays.
    10. Write 10 words frequently mispronounced and indicate pronunciation by use of diacritical marks
    and by syllabication.

    Geography (Time, one hour)
    1 What is climate? Upon what does climate depend?
    2. How do you account for the extremes of climate in Kansas ?
    3. Of what use are rivers? Of what use is the ocean?
    4. Describe the mountains of North America
    5. Name and describe the following: Monrovia , Odessa , Denver , Manitoba , Hecla , Yukon , St. Helena, Juan Fernandez, Aspinwall and Orinoco
    6. Name and locate the principal trade centers of the U.S. Name all the republics of Europe and give the capital of each..
    8. Why is the Atlantic Coast colder than the Pacific in the same latitude? 9. Describe the process by which the water of the ocean returns to the sources of rivers.
    10. Describe the movements of the earth. Give the inclination of the earth.

    Notice that the exam took FIVE HOURS to complete.

    Gives the saying 'he only had an 8th grade education' a whole new meaning, doesn't it?!
    No wonder they dropped out after 8th grade. They already knew more than they needed to know!


    No, I don't have the answers! And I don't think I ever did!
    Have fun with this...pass it on so we're not the only ones who feel stupid!!!
    Aug 29, 2011. 12:33 PM | 6 Likes Like |Link to Comment
  • QuickChat #197, August 26, 2011 [View instapost]
    Well , thanx ACE..
    Here is a somber comment. Sept is coming and the UN vote concerning Israel and the 2 State situation for the Palestinians.
    Which ever way it goes.. Either they vote and Israel losses by a landslide or Obama veto's it.......This might/will be the most gigantic Market event. Either way it is 70/30 % chance of a SERIOUS outbreak or WAR.

    If the Arabs win the vote Israel will not accept it and the new 7 Day War begins again,but, the US doesn't help..........

    .What ever the outcome... Israel will fight and destroy much of the Middle East and oil and gold go through the roof.And, US market tumbles !

    If the US veto's the vote the Arabs will go wild and all the factions that NEVER get along will unite in there hatred for the Jews and attack anyway. This time without the UN mandate and now the US will help Israel........

    .Then you may see OPEC demand oil be paid for in any currency besides dollars and poof..The "reserve" is gone and the US dollar will drop 50% over night.......

    As American Arab who is Jewish and understands what is being said there and not what were being told by the US news........

    This is HUGE and WILL effect the US market and we are trapped. As far as Obama.. Being a child of a Muslim father and being in Islamic schools as a young child; and, saying the Friday call to prayer is the most beautiful thing he has ever heard !

    I am worried he will throw Israel under the bus and Israel will not be like Libya and let NATO just fly over and bomb. They will destroy the Middle East like Massada.....They have plenty of Nukes and submarines with nuke missiles.......

    Here is a tidbit from an American source concerning the WH.

    Underpublicized Threat Deep in White House

    Posted on August 28, 2011 by Conservative Byte

    Infiltration of the federal government by members of the radical Muslim Brotherhood is worse than some have warned recently, says a former FBI special agent in Washington.

    The agent confirmed that at least three operatives of the Egypt-based Brotherhood – whose credo is “Jihad is our way and death in the cause of Allah is our dream” – have penetrated the Obama administration.

    The shocking charge was first leveled by Muslim reformer Tarek Fatah during a recent speech in Toronto.

    “When someone says that there is penetration of jihadi Islamists within society, do not dismiss it as some right-wing, xenophobic, racist rant,” warned Fatah, a Canadian journalist.
    Aug 29, 2011. 04:59 AM | 6 Likes Like |Link to Comment
  • A Look Inside The Fed's Limited Toolkit [View article]
    See if this fits into the Fed issue. I have had this guys help and i have hit highs many times in the last 3 months and expect to close higher again today.

    The Lie Washington Has Been Telling Us Since 1934

    By Martin Hutchinson, Global Investing Strategist, Money Morning

    Gross domestic product GDP is the most commonly used measure of economic growth. But GDP isn't just inaccurate and misleading - it's the contrivance of Keynesian economists seeking to push their own, big-government agenda.

    That's right. GDP is a financial ruse - the biggest of the past half-century. And it's time to move past it to another, more accurate measure of economic growth.

    Keynesian economist Simon Kuznets designed GDP at the height of the New Deal era. Kuznets first revealed the measure in a report to Congress in 1934. GDP takes into account consumption, investment and government expenditure to create a measure of economic growth.

    But the Keynesians employed some chicanery, or sleight-of-hand, to generate this statistic. A close look reveals the dirty little secret about GDP: It intentionally overplays the importance of government spending - and in doing so inflates the role that Washington plays in each of our lives.

    And it's been doing this for 67 years ...


    The Biggest Lie of the 20th Century
    Gross domestic product is supposed to be a measure of all the goods and services produced here at home.

    But there's a discrepancy.

    You see, private-sector output is measured by the price people are prepared to pay for it. But government output is fudged: It's measured by its cost.

    That means GDP increases any time the government spends money. It doesn't matter if that money is actually put to productive use or not - GDP rises nonetheless.

    The bureaucrat devising regulations that damage business? His salary increases GDP. The $300 million Alaskan "bridge to nowhere" of a few years back? That was $300 million added to GDP. The jet-fighter project that costs billions, and is plagued by huge overruns that lead to its cancellation? Those billions add to GDP.

    Even public-spending "stimulus" programs, however foolish, are always effective according to the GDP definition, because their cost is simply added to output.

    It's obvious why big-government Keynesians would like this calculation: It substantiates their claim that government spending stimulates economic growth.

    In the real world, however, this makes no sense. Indeed, none of the examples above actually add to economic welfare.

    Don't misunderstand - some government output is very valuable. We could not exist in a free society without a court system that protects our property rights and a national defense that protects our borders. In most other cases, however, if government output were truly cost effective, the private sector would've already taken the initiative (and probably done so at lower cost and greater impact).

    So how can you get an accurate measure of economic growth?

    Arithmetically, there's a simple solution: You take Line 1, "Gross Domestic Product," in the Bureau of Economic Analysis' GDP Table and subtract from it Line 21, "Government Consumption Expenditures and Gross Investment. "

    That gives you a net number, which we can call "gross private product," or GPP. It's a measure of all the output produced by the private sector. In general, it will underestimate national "welfare" unless government is really bad. But it will give you a much better idea of the output the market economy is producing.

    Indeed, looking at GPP's past performance helps to explain some things that GDP doesn't.

    Keynesians like to proclaim that World War II got America out of the Great Depression: Thus, if you make stimulus big enough, it will solve economic problems.

    This is the biggest lie of the 20th century.

    To continue reading, please click here...
    Aug 23, 2011. 07:48 AM | 6 Likes Like |Link to Comment
  • The claim that conservative policies of new presidential candidate Gov. Rick Perry caused an economic miracle in Texas is a myth based on a fallacy, Paul Krugman writes. "A state offering cheap labor and... weak regulation can attract jobs from other states," but any logic applying those policies to the entire U.S. is impossible since "every state can’t lure jobs away from every other state."  [View news story]
    Political leanings.... What does politics have to do with 115 trillion dollars of debt......Is the US Debt clock Rep or Dem ?

    The morons I named are Obama shills and want to print more. They think Obama is Jesus with a tan...They thought Carter was Jesus with big white false teeth. It took 30 years to recover from Jimmmmmmmmmmmmy.

    I am too old to watch this show again I will lean any way I want and If I was big enough I would lean on all the Dems until Barney went straight............

    At least Rogoff doesn't want to print all the way to Mars.
    Aug 15, 2011. 05:59 PM | 6 Likes Like |Link to Comment
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