Best Of The Best Share Discussion Threads

[contrarian2investor] 08/12/2010 14:40

Hi all,

CNBC stated earlier that yesterdays US debt interest repayment was $3B. That is for one day around $10 per head of the US population (per day).

Does anyone know of any comparative figures for Greece, Eire or UK?

c2i

[traderabc] 07/12/2010 19:01

Thanks c2i, granted the fundamentals of ngas are poor, however (imo) I think that fact is fully taken into account when you look at the graph. From these levels even a modest technical bounce should equate to 50% with an unleveraged trade.

That said this market has killed many in the past whilst enriching JP Morgan, I went into this trade with less then half the size of my U.TO buy, I won't try to ride out any major volatility, it's just a short term punt.

[contrarian2investor] 07/12/2010 18:48

Hi traderabc,

This could finally put a floor under prices. Well I can always hope can't I!!!

US gas export plan sparks price fears
By Gregory Meyer

Published: December 7 2010 18:17 | Last updated: December 7 2010 18:1

[contrarian2investor] 07/12/2010 18:42

traderabc,

I thought it would be best to also post this on here for you.

I am holding LNGA. I am expecting some positive appreciation over the next month or so. Given potential drawdowns during the cold snap in the US. Most NGAS have been very performers over the past 12 months. Strewth even Boone Picheks is losing money on is Natural Gas plays.

News just out:

Natural Gas Futures Decline in New York on Ample U.S. Supplies for Winter
By Christine Buurma - Dec 7, 2010 6:14 PM GMT



------------
Furthermore lots of deals recently in the NGAS space which are hard to decipher. Are they for synergies, due to margins tightening or opportunistic predators making shrewd investment at the bottom of the cylce?

December 7, 2010, 6:59 am Mergers & Acquisitions
AGL Resources to Buy Nicor for $2.4 Billion




c2i

[traderabc] 07/12/2010 18:34

Thanks coincall.

[coincall] 07/12/2010 18:32

traderabc,

From CNBC site, another 7 mins of the programme

[traderabc] 07/12/2010 18:09

If anyone knows where I could find the other 50 mins of this interview, I'd really appreciate it.

Jim Rogers on CNBC 12/07/10

[traderabc] 07/12/2010 18:01

Wall Street's Pentagon Papers: Biggest Financial Scam In World History
$12.3 TRILLION in taxpayers' money.



by David DeGraw

What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn't cover it? Does that mean the scam could keep going? That's what we are about to find out.

I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release. Even if WikiLeaks reveals documents from inside a large American bank, as huge as that could be, it will most likely pale in comparison to what we just found out from the one-time peek we got into the inner-workings of the Federal Reserve. This is the Wall Street equivalent of the Pentagon Papers.

I've written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from top to bottom, has been staggering. The lack of accountability and the complete disregard for the rule of law have made me and many of my colleagues extremely cynical and jaded when it comes to new evidence to pile on top of the mountain that we have already gathered. But we must not let our cynicism cloud our vision on the details within this new information.

Just when I thought the banksters couldn't possibly shock me anymore... they did.

We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded "backdoor bailout" by a small group of unelected bankers. This data release reveals "emergency lending programs" that doled out $12.3 TRILLION in taxpayer money - $3.3 trillion in liquidity, $9 trillion in "other financial arrangements."

[traderabc] 07/12/2010 17:15

Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won't Know Whether To Laugh Or Cry



The Economic Collapse
Dec 7, 2010

Did you see Federal Reserve Chairman Ben Bernanke on 60 Minutes the other night? Bernanke portrayed the Federal Reserve as the great protector of the U.S. economy, he claimed that unemployment would be 15 percent higher if the Federal Reserve had sat back and done nothing during the financial crisis and he even started laying the groundwork for a third round of quantitative easing. Unfortunately, 60 Minutes did not ask Bernanke any hard questions and did not challenge him on his past record. It was almost as if they considered Bernanke to be above criticism.

[the bounty hunter] 07/12/2010 13:58

Could we see silver out-perform gold and return to historical levels relative to gold?

[the bounty hunter] 07/12/2010 13:53

contrarian - nice break-out. Let us see where this will take us. Gold and all commodities all going in same direction.

[traderabc] 07/12/2010 13:51

Keiser Report №101: Markets! Finance! Scandal!

[traderabc] 06/12/2010 20:18

If you put this (below) into the google search box

'crash j p morgan buy silver'

You get

About 13,400,000 results (0.12 seconds)

I did the same search a few weeks ago and the no was 23 million, so they either reset their counter every week/day? or the numbers are wrong.

[contrarian2investor] 06/12/2010 19:28

Hi silver bulls,

Silver Prices Hit 30-Year High



c2i

[traderabc] 06/12/2010 14:18

Perhaps he is beginning to doubt his belief system.


Does Bernanke Look Like a Man Who is Confident About the State of the Economy and the Prospects for Recovery?



Washington's Blog
Dec 6, 2010

There is a lot to say about Bernanke's comments on 60 Minutes today.

Bernanke's statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke's policies have increased unemployment. See this and this.

Harry Blodget notes that Bernanke implied that inequality is destroying America. Tyler Durden hones in on Bernanke's statements that the economic recovery may not be self-sustaining, and that the Fed may buy even more bonds. Daily Bail picks on Bernanke's claim that the Fed is not printing money.

There are certainly a lot of interesting things to say about Bernanke's words.

But I think the real story is how nervous Bernanke appears.

Listen to his voice, and watch his lips quaver:

[traderabc] 05/12/2010 12:13

Jim Rickards - Fed May Go Bankrupt




Jim Rickards continues to illustrate that he is one of the truly brilliant and original thinkers in today's financial world. Jim's latest piece exclusively for the King World News blog is a must read. Here Jim discusses the Fed going bankrupt, "Right now the Fed's balance sheet shows about $57 billion in total capital. Current assets are about $2.3 trillion. The current money-printing plan will take total assets above $3 trillion. At that level, it only takes a 2% decline in asset values to wipe out the Fed's capital. Put differently, it only takes a 2% drop in the average value of assets on the Fed's balance sheet for the Fed to go bankrupt. And this is in an environment where various markets frequently go up and down 3% in a single day."

[traderabc] 05/12/2010 11:50

-TBH, I've edited 2061.

[the bounty hunter] 05/12/2010 11:42

Thanks again for posting trader - top drawer.
Had a great week on the silver positions

[traderabc] 05/12/2010 08:33

" So it is with great humility and rationality that I admit to you today: my name is Paul Brodsky and I am a gold bug...at least until the ratio of debt to base money contracts to the point where we can get positive real returns in financial assets again."



Brodsky on Gold

Frame 1: Thank you, David (Abramson). I'm honored and delighted to be here.

I'm going to take what many in this room may see as a radical point of view - that our almost 40 year-old global monetary system has already been irreparably harmed, and that it's well on its way to being replaced.

For those that saw Barry Ritholtz this morning, I assure you I'm not just back from Roswell searching for UFOs. I don't think the world will end after the current monetary system does. We won't wake up one morning to find our property has been taken away, at least not in nominal terms. But I do think there will be a major transfer of wealth – manifest through unimaginable inflation - and that investors that begin to view asset values in real, inflation-adjusted terms today will benefit at the great expense of those that don't.

[traderabc] 04/12/2010 09:25

Nigel Farage - Euro Empire Collapsing, Bailout River Dry

[traderabc] 04/12/2010 09:24

Press TV's Nargess Moballeghi with Max Keiser, Jeoffrey Hall & Keith Pilbeam

[traderabc] 02/12/2010 21:21

Thanks tp


This guy has made some good calls in the past

The Incomparable Bob Hoye on Commodities: "An Upside Exhaustion" PDF Print E-mail
Legendary Calls: At a MoneyTalks Conference in Nov. 2007, Independent analyst Bob Hoye of Institutional Investors warned that a contraction of credit would reap havoc with all financial assets. Bob Hoye warned again at the World Outlook Conference on Feb. 2008 when he said, "We are experiencing the beginning of the greatest train wreck in the history of credit.

[teapreacher] 02/12/2010 09:25

The Keiser Report 100: