Gaucho

What Is Going On With Gold?

I think that the author has too much faith in the American system of finance. This meltdown has been predicted for at least 10 years. It is happening now and will continue to unfold over the next couple of years.

The government has take and or supplied banks with 8.5 trillion in 2008 alone. The banks are failing and will continue to fail this year at an accelerated rate. Huge stimulus packages will need to be implemented and frequently.

The government is supposed to finance about 40% of its existing debt and about 2 trillion of new debt next year. Who is going to pay for these bonds at 3% interest rates. We were consuming 2/3 of the worlds savings in 2006 and now we are asking for more than twice as much at the same time importing fewer goods. There will be less imported dollars to buy these bonds with. The foreign countries will need to print more money just to buy these bonds and incur inflation in their own countries.

Finally, the US not the only player in the game. There are many others now, although not as large, that are significant in size. There are other gold and silver exchanges now and the US government will have a hard time controlling them. Inflation in other countries will cause their population to reach for gold as a safe haven for wealth. Besides when the true extent of the corruption of the US stock markets becomes known the US will no longer be viewed as a safe haven for investments. We may, in the future no longer, be the only large center for world finance.

California: Trailblazing the Road to Insolvency for the Rest of Us?

What the hell, let 5-8 million illegal immigrants into the state? Give them welfare for their illegitimate children. Provide Medicaid and Medicare for anyone willing to cross the border. Have the illegal’s drive down the wages while they and the people they work for pay no taxes and what the hell do you expect. But I shouldn't say that since it would be ist or ism and violate some PC rules that say you can't say that.
But you must remember these folks are heroes for working for 10-15 dollars an hour and having the government pay for their children’s health care while they could be working for 5 dollars a day south of the border.
And where is the Mexican government our amigo? Why aren’t the criminal illegal aliens rotting in their jails instead of ours for 50K per year. Why aren’t they volunteering to take and imprison these criminals? What do they make up, 30-40% of the total state prison population?

New York Fed's Model Predicts End of Recession in 2009

This is the same model, albeit with slight modifications, that was used by Wall Street to determine the values and risks associated with CMOs and CDOs. Ya see everything worked out fine there. So stop worrying and keep putting money in the market and go out and buy the latest and most expensive electronic gadget

Did Dendreon Play with Fire?

Mike the one sentence that you should have put in your article was: The release of data was authorized and coordinated with the FDA beforehand!!!

Another tidbit of information was that the interim was at 20% separation while the final only needs to be at 22% separation. I believe that this near miss in the interim was the reason the DMC and the FDA and DNDN all reviewed the data together to determine if the trial should be stopped due to its significant efficacy. They decided to wait until the final data that is due for release in April.

Another piece of information missing is that in the 2 previous phase 3 trials they achieved a combined curve separation of 33% at final and this trial is tracking the previous trials.

Perhaps you also forgot to mention that this is the first biological treatment for cancer on track to be approved by the FDA and that this will be a whole new way of treating cancer. You also forgot to mention that company has at least 12 other cancers treatments are going to use the same cassette technology. With the breast cancer treatment has gone through phase 1 trials and has show similar results to the prostate treatment now nearing approval.

The hedge funds have screwed up by betting against this company and are using their media outlets to scare the retail investor so they can get out of their short positions without too much financial pain.

Do We Goldbugs Finally Have Your Attention?

Didn't you guys just love the way Kitco based the price of gold about 2 weeks ago. It is astounding that the historically largest pumper of gold would be its biggest basher. I smelled a rat and gold exploded. They must have bet the wrong way and this subsequent rally cost them a bundle. I have heard of gold sellers who are trying to manipulate their clients away from taking possession of the actual metal. They are in essence saying TRUST ME the gold is safer with us. One firm after the client agreed to buy backed out after the client demanded delivery claiming the delivery charges would be exorbitant. If this rally holds a lot of firms are going to go under. Do not forget the a German bank and an American bank recently had to rely on their governments to bail them out after they could not deliver on their short gold contracts.

Chart of the Week: GDP Worse than Expected

Perhaps cooking the financial books by the government is coming to an end. For the last couple of years their lies have become outrageous. Go to a site called shadow stats and take a look at the real uncooked numbers and get a real scare. We have been in a recession for a couple of years. If the inflation numbers did not make sense that is be cause they did not reflect reality.

The last administartion lied about virtually every action and fact it could. That and secrecy became the norm. If you want to make money at investing then you had better get beyond you love of a dogma and start to think for yourselves. Other wise you all will become that so called lazy stupid lower class that you struggle so hard to believe that you are better than. You will be just another sucker albeit a little more educated with your heads full of bullshit.

With that said, if you really believe that this is just a bad recession and that it will recover by the end of the year then kiss your money goodby chump.

DryShips: The Time to Buy Is Now

The shorts are on this one big time. When it goes below 5 and the margin calls force out all the reatail investors then they can cover. Right now huge numbers of shares are being traded to drive it into the ground. Forget the SEC they are just whores for the hedge funds.

10 Contrarian Reasons for a Bottom

WHAT!!! Yea right the bottom is just around the corner. So what if the consumer is broke and they have no savings and they are in debt up to the ears and they owe more on their house than it is worth and they represent 70% of the economy. So what if the government has been lying about inflation and therefore the GDP numbers is BS. So what if the derivatives markets are over 14 times the world’s economy and is collapsing. So what, if the banks are not lending. So what if the housing market will keep falling for at least another 15% before reaching the typical long term price for housing. So what if the federal government has taken on over 2 trillion in additional responsibilities in just the last 6 months and will take another 2-3 trillion next year. So what if Obama is planning to take DEPRESSION actions to keep the country from rioting.

So what if the stock market is at about normal levels when viewed from the turn of last century and a typical bottom is less than 1/2 of the current value.

You are predicting that the market will rally based on tea leaves and some typical historic factors that do not apply in a once in a century event. Based on what economic fundamentals? If this stock market rallies to 10k I will jump in all the way on the short side since I like to bet against stupidity.

Needless to say I strongly disagree.

Goldman Code Theft Bombshell

Do you guys really expect that the wealthy aristocracy will pay for their crimes. If you do then you are truly stupid. Look at a site called DEEP CAPTUE and what happened to DNDN that left 60,000 men dead. The laws in this country are written on toilet paper. Break the law unroll and wipe Repeat

Who Is the SEC Supposed to Serve?

You are right, do not just bring back the uptic rule but also implement the European system. In that system the seller does NOT get the cash UNTIL the shares have been delivered. This will eliminate the printing of fake shares IE NAKED SHORTING. Look at the carnage of LEN and BSC with a few 100 million shares NOT delivered. This crap is way into the RICO statutes.

Intel's Eurofine

NOTE that in Korea and Europe and Japan they have found that Intel was using monopolistic practices and fined them. But here in the great USofA we don't do a damn thing. That is because the big bucks call the shots. If you do not believe so then look at the trillions thrown at the banks and not one guilty party is going to jail.

Cramer's Lightning Round - Getting Out of Line (4/2/09)

Cramer is such a tool for the hedge funds. DRYS has reached an agreement with the banks that hold 75% of the debt. When they reach an agrement with the other 25% then he will find someting else to bash. After all his hedge funds budddies are in trouble since they thought the company would go under and established a short position of 40%. The company is a cash cow with the rental of its two deep drilling platforms generating 1.2 million revenue a day. They currently have approximatelly 1 billion in the bank

Listen to Cramer at your own risk

LDK Solar Appears a Strong Long Term Investment

YOU SAID "So it comes as a bit of a surprise to me to see Piper Jaffray issue a sell recommendation after the announcement." I am not surprised to see this at all. It is typical for the analysts to beat the hell out of a stock just as their buds increase their short position by an additional 40%. These analysts are bought and paid for and write articles so their hedge buddies can make a quick buck by scaring the sheep that still listen to them.

I think that any hedge fund that would short this company when it is below 5 dollars is peopled with fools or they know that a slew of bad press will allow them to get out with a bag full of money.

BTW many companies are shocked by the down turn in the economy. LDK is not the only one, but like you said LDK is in a position to weather the storm while it's competition will not be able to compete with LDKs cost bases.

Why the U.S. Dollar Is Vulnerable to Decline Now

China does not want to crash the dollar and at the same time they are trying to diversify and buy hard assets with the dollars that the have. They are walking a tight rope of not being left holding the bag and trying to keep from starting a panic in treasuries.


With the US borrowing over 2 trillion this year China and the rest of he world do not have the US export dollar reserves to buy 4 times what they bought before. The US will need to borrow even more in the future as the economy does not perform as the optimistic are predicting.

The US government is lending its gold to drive down the price of gold. This can continue only as long as the US is eventually forced into really supplying gold. Given the worlds appetite for gold will increase as the dollars falls and other currencies become more unstable, eventually, REAL demand for deliveries of gold in the markets will force the price up.

This is not going to pretty.

Back at the Bottom

"it also means that unleveraged, long-term investors should be buying, since prospective returns are better. They must be able to suffer through further mark-to-market losses, and not have recession-sensitive jobs or businesses."

I AM AMAZED THAT YOU GUY ARE STILL YELLING BUY BUY BUY.

Don't you get it this is going to be a f-in depression! The market may not recover in real terms for 15 years. P/E ratios mean nothing when no one will be able to buy your product in the future. The SEC is the bitch for the hedge funds and naked shorting is going on in a massive scale not seen since 1929. Those shares will never be covered since the SEC will see no evil.

This is the greatest rip off of the typical American EVER. Their 401k/IRAs will be wiped out and their SS has been stolen with huge tax breaks for the wealthy.

Those 5k charting packages are worth nothing. The manipulators know how they work and are paying with the suckers who follow.

We have NOT seen the bottom and when we do it will be a very long time until stock/economy recovers. I see at least 7-10 years for the economy to recover and even then it will depend upon things being handled correctly by the FED. FAT CHANCE given their history

Stop thinking with a 1-2 year horizon that will not be long enough.