Best Of The Best Share Discussion Threads

[049balt] 08/1/2011 16:15

What will be the conquence of Wheat going to 385 Euro per tonne?

[traderabc] 08/1/2011 09:30

How rare, a modern army doing something constructive for the country it serves. And yes I'm well aware of the well founded accusations made against this particular army last year.
Perhaps they are doing this to try to prevent another civil war, governments all over the World should take note of this, feeding the poor protects everyone.



7 January 2011 Last updated at 14:58

Sri Lanka army becomes vegetable vendor as prices rise
By Charles Haviland
BBC News, Colombo



The army has less to do since it defeated the Tamil Tiger rebels in May 2009


As the people of Sri Lanka grapple with the rising cost of everyday living, the country's huge army has started buying up vegetables from producers.

It is then selling them on at fixed prices lower than current shop prices.

The army, which no longer has a war to fight, says it is doing its bit to ease people's lives in peacetime.

The military has been moving into new areas of life in Sri Lanka - it recently opened a tourist resort in the north of the country.

A military spokesman told the BBC that the army is buying up vegetables from farmers. It is bringing them to the Colombo area to sell them at concessionary rates - about one third less than the shop price.

[traderabc] 08/1/2011 09:18

Perhaps rising food prices will be bringing down Governments in 2011.


7 January 2011 Last updated at 21:33

Fresh rioting breaks out in Algerian capital Algiers



The trouble in Algeria has spread, while the government says it is taking measures to bring it under control


Fresh rioting has broken out in the Algerian capital and several other cities, after days of unrest over food price increases and unemployment.

Police fired tear gas and used water cannon on stone-throwing youths following Friday prayers in Algiers.

The riots have been linked to rising food prices, housing shortages, and wider social and political grievances.

Government ministers called for calm, while earlier the football federation cancelled all this weekend's matches.

Football stadiums are one of the only places where people publicly voice their political frustrations, and matches are seen a potential catalyst for protests.

[traderabc] 07/1/2011 13:30

$60oz Silver In 2-3 Years @3:40

[traderabc] 07/1/2011 12:59

Keiser Report: United States and the Deathly Deficit (E110)

[traderabc] 06/1/2011 14:59

Cheers balt, I'll have a look.

[049balt] 06/1/2011 11:57

Trader, some great reading on this site, the December newsletter well worth the read.

www.analysingagriculture.com

[traderabc] 06/1/2011 08:58

For what it is worth, I think he's calling this a few days too early, I'm looking for the 200 day MA to be breeched and a end of day finish below it (ideally a few days) before I'll even consider selling a core portion of PMs

Pigs Get Eaten

Bob Moriarty
Archives
posted Jan 5, 2011

Some pet phrases live long because they work. I think most of my readers understand the pet phrase from Wall Street, "bears make money, bulls make money but pigs get eaten." Some wise wit was trying to remind investors that you could be bullish or bearish and still make money but the greedy sods get their lunch eaten.

I bought some palladium in late December of 2009. I didn't buy it as an investment. I bought it to preserve capital. I paid $362 and as of a couple of days ago palladium was up to $805. I wouldn't dream of selling as I don't view buying physical metal as investing. It's simply a way of preserving capital. But at the same time, I wouldn't be touting the best investment of 2010 to be the best investment of 2011. Since all things regress to the mean, yesterday's winners are tomorrow's losers.

Need I remind readers that the metals are the most emotional of investments with many investors and, indeed, advisors acting as if gold is some kind of a religion where it is supposed to go up every single day? And any day that it drops at all is "proof" of a conspiracy.

Gold and silver have gone up a lot in the last year. Anyone holding them or shares in juniors has pretty much made a lot of money. I have heard tales of accounts going up 100% and more in the last three months. All things regress to the mean.

In terms of loaves of bread or quarts of milk or nickel candy bars or gasoline or even postage stamps, gold at $1400 and silver at $31 are damned expensive. Stop believing every tout saying silver is going to $500. It may. but the dollars isn't disappearing tomorrow and you don't want to live in a world with $500 silver anyway.

Investments go up and down, all of them. A correction in gold and silver and indeed, what Bob Hoye calls the AOM market would be healthy. Nothing goes straight up or straight down.

When everyone gets bullish, take some money off the table. I would love to see a healthy correction here.

[traderabc] 05/1/2011 15:15

5 January 2011 Last updated at 13:42

World food prices at fresh high, says UN



Global food prices rose to a fresh high in December, according to the UN's Food and Agricultural Organisation (FAO).

Its Food Price Index went above the previous record of 2008 that saw prices spark riots in several countries.

Soaring sugar, cereal and oil prices had driven the rise, the report said.

The index, which measures monthly price changes for a food basket composed of dairy, meat and sugar, cereals and oilseeds, averaged 214.7 points last month, up from 206 points in November.

It stood at 213.5 points at the high of June 2008.

[traderabc] 05/1/2011 15:08

Numismatics are Fool's Gold

Peter Schiff
Jan 5, 2011

Last month, I addressed the hype around gold confiscation, and debunked the myth that collectible or numismatic coins would offer effective protection. But there is another sales pitch that many dealers will use while trying to "up sell" you to numismatics. They may argue that on investment merits alone, numismatics are a better bet. While this may be a more rational line of thinking than the typical confiscation con, it is bad advice for investors hoping to protect their assets in an economic slump.

THINK LIKE A PRO, NOT A SCHMO

I have long urged investors to keep 5-10% of their portfolios in physical precious metals, and add even more exposure when appropriate through the Perth Mint certificate program and mining stocks. This advice, far outside of the Wall Street mainstream, stems from my view of the kind of crisis we are approaching.

Many people assume that the crash I wrote about in the original "Crash Proof" was the credit crunch of October '08. They are mistaken. Though I did accurately forecast the economic events of 2008, my ultimate prediction was that these events would set into motion a larger crash to follow. That crash, the one I have been warning about for a decade, is a collapse of the international dollar standard.

[traderabc] 05/1/2011 09:31

How to Protect Yourself from a Resumption of Trouble
Written by Bob Hoye & Michael Campbell
Friday, 31 December 2010 07:26

"He called the crash in 2008 to the tee. He was the only guy to get it exactly right" - Bob Moriarty 321Gold.com

Institutional Advisors Bob Hoye has made Brilliant Calls; At the MoneyTalks Conference in Nov. 2007, Bob warned that a contraction of credit would reap havoc with all financial assets. Bob Hoye warned again at the Money Talks World Outlook Conference on Feb. 2008 when he said, "We are experiencing the beginning of the greatest train wreck in the history of credit." Later at the World Outlook Conference in February 2009 he said we are close to a recovery in the Stock Market and sure enough we got a recovery a less than a month later on march 9th. Obviously Brilliant Calls.

[049balt] 04/1/2011 19:30

On the front page of the Farming Independent " Beef prices to soar amid shortages" I just love it!!

[philw2009] 04/1/2011 17:40

I can't say I'm much looking forward to the trading update. What a blow from BAA. One thing is that at least the online business is looking superb, I hope they're managing to get more players to the site.

[traderabc] 04/1/2011 15:54

I'm very disappointed to find this, it's sad to see that Kiyosaki sold one of his business to a crook.


Robert Kiyosaki | Ripoff Report | Scams, Frauds, Reviews And Complaints

[traderabc] 04/1/2011 15:44

31 Dec Goldseek Radio

Chris Waltzek interviews: Jim Rogers & Louis Navellier





Alternatively

Jim Rogers on Goldseek Radio 31 Dec 2010

[traderabc] 04/1/2011 15:31

Jim Rogers Top Bets for 2011 01_03_2011

[traderabc] 04/1/2011 15:30

"I don't want to buy any stocks anywhere unless there is a big drop"

China Will Go Too Far With Tightening Rates, Jim Rogers

[traderabc] 04/1/2011 15:28

You're welcome LC.

Keiser Report – The Monsanto Cables and Those Shopping Rampages
January 4th, 2011 by stacyherbert

We interview James Howard Kunstler.

[lifechanger] 03/1/2011 18:01

i enjoy this board. thanks for the posts

[traderabc] 03/1/2011 14:19

This is good.

Niall Ferguson Video Lecture - "Empires On The Verge Of Chaos"

Submitted by Tyler Durden on 01/02/2011 11:33 -0500

Hyperinflation India Japan Keynesian Stimulus Niall Ferguson


ForaTV, in conjunction with the Australian Broadcasting Corporation, shares another terrific must watch presentation, this time by one of our favorite socioeconomic historians, Niall Ferguson, who in this lecture talks in depth, and with an objective perspective that only few can share, about empires on the verge of decline, emphasizing the precarious position the US has found itself in, now that China's ascendancy is undisputed, and only matched by the accelerating descent of the once great US nation. The fact that Ferguson is Paul Krugman's natural nemesis in all things only makes his insights all that more relevant (not to mention correct). And while the various chapters discuss such key concepts as the limits and implications of complexity theory, the ever increasing portion of US federal revenues attributed to interest payments (surpassing defense spending), China's military sustainability, the limits of Keynesian stimulus, investing in gold and hyperinflationary concerns, the primary highlight is Ferguson's discussion on what may be the primary topic of 2011: whether ot not debt will trigger the collapse of the US. To wit: "Sometime over the next decade the US will reach the crossover point at which it will be spending more on debt service, than it is able to spend on defense...The Chinese have noticed what the rest of the world's investors pretend not to see: that the US is on a completely unsustainable fiscal course with no apparent political means of self-correcting. Ladies and gentlemen, military retreat from the mountains of the Hindu Kush, or the plains of Mesopotamia has long been the harbinger of imperial fall." Recommended viewing.

From the official presentation:

[traderabc] 03/1/2011 13:06

George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order

In the video you are about to see, George Soros talks about "the creation of a New World Order", he discusses the need for a "managed decline" of the U.S. dollar and he talks at length of the global need for a true world currency.

[traderabc] 01/1/2011 16:34

Forever Stamps Tell Us Much
Submitted by Peter D Schiff on Fri, 31 Dec 2010

The United States Postal Service announced this week that all future first class postage stamps sold will be the so-called "forever stamps" that have no face value but are guaranteed to cover the cost of mailing a first class letter, regardless of how high that cost may rise in the future. Currently these stamps are sold for 44 cents, but will increase in price if and when the Post Office hikes rates.

Apart from sounding the death knell of the one cent stamp, the news is interesting on two fronts: it provides insight into remarkably irresponsible government accounting, and it provides investors with the most attractive Federally-guaranteed inflation protected asset available on the market today.

Over the past fifty years, the USPS has raised the rates on first class postage 20 times. During that time the stamp prices have gone up more than 1,100%. Given the increasing frequency of rate hikes (three in the last four years) the Post Office claims it made the move to forever stamps to save money on printing costs and to increase customer convenience. The public seems to appreciate the product and has snapped up a staggering 28 billion forever stamps since they became available in 2007.

But the real reason behind the permanent switch is that it allows the Post Office to hide its insolvency behind phony accounting numbers, setting itself up for a massive taxpayer financed bailout in the not too distant future.