Best Of The Best Share Discussion Threads

[traderabc] 08/3/2011 12:06

The Barbaric Relic

Richard Russell snippet
Dow Theory Letters
Mar 7, 2011

March 4, 2011 -- "We are in danger of being overwhelmed with irredeemable paper, mere paper representing not gold, not silver, no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people." Daniel Webster, Speech in the US Senate, 1833.

There's something magical, mysterious and rather beautiful about a primary bull market. The bull market in gold has been in effect for over ten years, and the mysterious part of it is the way the American people have both ignored it and damned it.

[traderabc] 08/3/2011 11:40

He likes N.Gas, Silver and Rice. All very far below their all time highs, except silver, which could be a better option then gold if judged by historical precedent.

Sunday, March 6, 2011
Jim Rogers : I am shorting Emerging Markets and the NASDAQ

[traderabc] 08/3/2011 11:34

APRES NOUS LE DELUGE
March 6th, 2011 by admin golds

APRES NOUS LE DELUGE

by Egon von Greyerz

Happy days are here again! Stock markets are strong, company profits are up, bankers are making record profits and bonuses, unemployment is declining, and inflation is non-existent. Obama and Bernanke are the dream team making the US into the Superpower it once was.

[traderabc] 05/3/2011 20:27

[OTE98] On the Edge with Paul Craig Roberts

[traderabc] 05/3/2011 08:15

The Shadow King Of Wall Street: "Markets Like Totalitarian Governments"

Submitted by Tyler Durden on 03/04/2011 15:24 -0500

Bear Market Blackrock Citigroup Credit Crisis Federal Reserve Ireland Italy KKR Middle East Recession Risk Premium Saudi Arabia Sovereign Debt Volatility Yield Curve


Wall Street's shadow king, Blackrock's Larry Fink who manages over $3 trillion, and is the world's biggest asset manager, appeared on Bloomberg TV in an interview with Erik Schatzker, and the first thing he said is that the "market likes totalitarian governments." That one statement explains everything one needs to know about the market performance over the past two years: there has hardly been a time in the past century when all the globalized regimes supporting stock markets and asset prices have been more "totalitarian" by Fink's, or any other definition, than they are now. And while the plutocracy may welcome the advent of the Communist States of Iosif Vissarionovich Bernankestein, the common folk, as they always do, ultimately revolt violently against any such attempt at supreme government. Zero Hedge regular Mike Krieger was quick to proclaim his condemnation: "This is how these elites think. Even if markets did like totalitarian governments HUMANS DON'T. This guy is pure scum and is exactly what is wrong with America and its policy today. This is also the guy that told us to buy dollars and treasuries yesterday..." But such are the ways of a dying ponzi regime. Everyone knows the end is coming and is inevitable. And while Wall Street's self-anointed masters of the universe believe they will be able to avoid the ultimate unwind, they are wrong. Just like Gaddafi is finding out first hand right about now.

[traderabc] 04/3/2011 16:01

Friday, March 4, 2011
Jim Rogers : we are running out of OIL - CNN March 03 2011

Jim Rogers :"..well the current situation is certainly causing oil to go higher and oil will go over a $150 will go over $200 eventually , if we have more turmoil it will go over a $150 next year or two , the problem is the world is running out of known supplies of oil period , and so the surprise will be how how the price stays and how it will eventually goes even if there is peace in the middle east " "...the IEA is going around pleading with people to listen that they we are running of world's known reserves of oil are declining at rates of 4 to 6 percent a year , figure it out that's simple arithmetic , we're running out of known reserves of oil "
]

[traderabc] 04/3/2011 12:59

Keiser Report: Middle Class Misery

[traderabc] 03/3/2011 21:46

Unfortunately wage rises don't keep pace with output gains, and unemployment rises in tandem with output gains, in other words the rich get richer. This economic model of a monopoly of wealth and it's generation for the super rich is unsustainable, though I doubt you'd be hearing that from Buffet.

Mar. 2 2011 | Mohamed El-Erian, of PIMCO, asks Warren Buffett whether he thinks high unemployment will lead to skill atrophy, expertise mismatches, and lower future productivity.

[traderabc] 03/3/2011 18:36

Silver Outweighs Gold

Peter Schiff
Mar 3, 2011

In the world of precious metals, silver spends a lot of time in the shadow of its big brother gold.

Gold, with its high price-to-weight and distinctive yellow tint, has always occupied a special place in the human psyche. To many people across many ages, gold is simply the ultimate form of money - and, as a long-term, stable store of value for one's personal wealth, I agree it's hard to beat.

However, rare circumstances are aligning today that I believe will make silver the true champion of this bull run.

[traderabc] 03/3/2011 11:35

Full version of something posted a while ago.

Jim Rogers Conference - Investments, Politicians, and China -

1 of 2


2 of 2

[traderabc] 02/3/2011 12:05

1 March 2011 Last updated at 00:01

Corruption leaves US county battling 'sewer debt'
By James Melik
Reporter, Business Daily, BBC World Service




The above is a feeble attempt by the BBC to cover some of the issues raised in this excellent Rolling Stone article by Matt Taibbi.

[traderabc] 02/3/2011 11:43

Dead Nation Walking

Richard Russell BIG snippet
Dow Theory Letters
Mar 1, 2011

February 28, 2011 -- In prison on death row, they often refer to condemned men as "dead men walking." We are now living through a period in history when the US and its economy are "dead nation walking." Why do I say this?

I've gone over this before, but the cover of the current Bloomberg Businessweek put it so starkly, that I decided to discuss the whole picture again.

[traderabc] 02/3/2011 11:36

Keiser Report: Middle Class Misery
March 1st, 2011 by maxkeiser

[traderabc] 01/3/2011 21:26

Longer version of the one put up a few days ago.

Jim Rogers on CNBC Squawk Box 2/27/11 (Part 1 of 2)



(Part 2 of 2)

[traderabc] 01/3/2011 10:57

This new fund sounds interesting, it's just the sort of thing to buy after a decent pull back, which we ought to be seeing at some point this year, May?

New Rogers Index

New Kid on the Block: The Rogers Global Resources Equity Index

[traderabc] 28/2/2011 22:38

will prices just continue to rise until greater supplies come to the market

049balt, that's a tough call, obviously I don't know the answer
.
I do think that much of the commodity complex is overbought and as food is one of the strongest performers there, it's extra overbought, however it is coming from a very low base, the trend is very strong, the corrections recently have been shallow, so we could carry on up, till the next slight pull back.
I'd be reluctant to buy this sector atm, but that doesn't mean it isn't going up a lot more, long term I'm sure it will, it's just that I'm not so keen buying into steep fast rises, and food has done plenty of that.

I think 'greater supplies coming to the market' is irrelevant atm, in the shorter term, this is hedge funds, mega banks and nation states slugging it out up here, producers have probably locked in prices further down.

[traderabc] 28/2/2011 22:06

Min 2.15 listen closely, he almost says silver will go to a hundred, that was the figure he was thinking about( imo)


Monday, February 28, 2011
Jim Rogers Interview Commodities and Oil Rally on Libya Turmoil - Bloomberg Feb. 28

Jim Rogers :"...no they cannot Saudi Arabia have been lying about their reserves for decades , Saudi Arabia the last two times said we gonna increase production and they couldn't increase production , they told George Bush they couldn't increase production and they cannot , do not fall for that , the reason the oil is going up is the world is running out of known reserves of oil ".....
"eventualy we will [break the barrier of 148 record] there is no question "

[049balt] 28/2/2011 22:00

trader, what is your view on food, prices have risen strongly over the past six months, do you think we will see a correction or will prices just continue to rise until greater supplies come to the market?.

[traderabc] 28/2/2011 21:59

Monday, February 28, 2011
Jim Rogers about his Index : The Rogers Global Resources Equity Index

Feb. 27 2011 | Jim Rogers, Chairman of Rogers Holdings talks about his latest resources index : Rogers Global Resources Equity Index

[traderabc] 28/2/2011 21:57

Jim Rogers joins Zero Hedge in being highly skeptical about just how credible Saudi's call for a 1MM + boost in its oil supply is: "Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn't increase production. Don't fall for that. The reason oil is going up is the world is running out of known reserves of oil." Of course, then there is the question of does one trust the Quantum fund creator who retired at 37, or does one go with the sellside lemming brigade of monkeys with typewriters who will groupthink anything and everything to death, just to get paid another completely unwarranted bonus. As to those who are concerned that the commodity "bubble" is about to pop, Rogers says: "It's still years away." And some reinforcement for the gold and silver bulls: "Gold will certainly go over $2,000 by the end of the decade, and silver will pass $50." And as a hedge to his great commodity bull market call, Rogers continues to be short Nasdaq stocks. His thesis: "If the economy gets better I am going to make money in commodities, if it doesn't get better, I am going to make money in commodities cause they are going to print huge amounts of money." Call it the adjusted Tepper call. Rogers is also holding a contrarian all on the dollar: "I own some dollars now because there was a huge drop in the dollar. I do sometimes like to buy things when they collapse, and sometimes I don't. Sometimes I lose money." We assume this is merely a short-term revulsion trade as all the near-record USD shorts get flushed out as we highlighted in the latest Committment of Traders update.

Full interview:

[traderabc] 28/2/2011 21:51

He should know.

Madoff Says Entire U.S. Government a `Ponzi Scheme'


MSNBC
Feb 28, 2011

Bernard Madoff, convicted for organizing a ponzi scheme, criticized the U.S. during a recent telephone interview with New York Magazine.

[traderabc] 27/2/2011 10:45

On the Edge with Gerald Celente
February 26th, 2011 by stacyherbert

Max interviews Gerald Celente.

[traderabc] 26/2/2011 10:49

Crude can go up to $150/ bbl over next decade: Jim Rogers

[traderabc] 25/2/2011 19:15

[KR124] Keiser Report – Fox News' Boo Fail
February 24th, 2011 by stacyherbert
Respond

Stacy Summary: In the second half, we interview Glenn Greenwald.

[traderabc] 24/2/2011 15:34

What do you and I do?

Richard Russell BIG snippet
Dow Theory Letters
Feb 24, 2011