Best Of The Best Share Discussion Threads

[traderabc] 07/8/2011 15:40

"own (physical) gold, be your own central bank"

Jim Sinclair interviewed by James Turk

[traderabc] 07/8/2011 14:24

On the Edge, Rick Falkvinge (Sweedish pirate party)

S & P AA+ rating on U.S. Sovereign Debt not Low Enough

[traderabc] 07/8/2011 14:21

This is a sensible take on what's going on.

S & P AA+ rating on U.S. Sovereign Debt not Low Enough


Peter Schiff

[lifechanger] 07/8/2011 08:02

Just looked at the details of the 'Armageddon' futures short on US Treasuries mentioned above

looking at the 10 year T note which is two thirds of the trade:

Total value of exposure: $537m (nominal value of $100k per contract)
Initial margin required: $7m
loss as at close on Friday: $16,11m
Max loss so far (as of Friday morning when yields hit an all time low): $25.02m

So in reality not that large at all. Note to self: read the details not just the headline

I suspect that the trader wasn't able/willing to put up the extra $25m variation margin and has already closed out at a loss

In fact I think that the big fall in US Treasuries yields over the past 2 weeks is largely due to many shorts being sqeezed out. Rogers said he was short when prices on the September contract were under 118, on Friday morning they exceeded 128 so I suspect he has closed out too

[traderabc] 06/8/2011 16:59

"US to lose AAA rating,insider trading at its best"

What a disgrace, that explains well the several hundred points off most indexes.
Why Silver had to lose $5 is beyond me, especially as gold has recovered most of its losses. They say it's an industrial metal, which it is, but it is/was a currency metal for the best part of 5000 years.

[random] 06/8/2011 16:48

If you have as much gold as Jim Rogers it's probably a sensible idea. His estimate is for $12,500 by 2014, so those without might be prudent to follow a different route from the master.

[traderabc] 06/8/2011 16:26

Jim Rogers: Stop Buying Gold Now
Written by Rob Zurrer for MoneyTalks.net
Friday, 05 August 2011 00:00

Jim Rogers is good at what he does. Really good. This masterful investor co-founded with George Soros the Quantum Fund. A fund that posted astonishing returns of 4200% in 10 years, over the same period the S&P gained a mere 47%. Rogers retired 31 years ago in 1980 at the age of 37 but is still active as a private investor

[5nappy] 06/8/2011 10:21

well whoever put the future bond bet on is gonna make a lot of money,US to lose AAA rating,insider trading at its best.this was the link...

[sheeneqa] 05/8/2011 11:19

This guy has called gold correctly for the last few years and he is saying we aint seen anything yet, ups and downs on the way. fields and armstrong agree.

Thankfully I have been hanging on their shirtails.




Gold from $248 to $524.90 was an arithmetic uptrend based on a re-birthing of gold's currency roll.

When gold broke out above $524.90 I asked you to please cease trading as gold had moved from phase 1 into a runaway price phase 2. It is this phase which has given you prices in excess of $1650.

$1764 has the same significance as $524.90 because it represents phase 3, the point when a runaway price market for gold would gain exponential properties.

Because $1764 is such significant a number you can expect one of the more serious price battles before the price departs to Alf Fields' and Armstrong's higher potentials.

To sum up the situation you haven't seen anything yet.

As strange as it sounds right now, soon you will begin to see the bearish cabal on mining shares looking for cover where gold will be sold for correct precious metals shares.

Keep the faith. $1650 has been the minimum upside since $248, not the most likely top.

Respectfully,
Jim

[zimzoot] 05/8/2011 10:55

Gold is good when thing are bad....but when things are VERY VERY bad....all bets off :)

[traderabc] 05/8/2011 10:50

Thanks anyway navan, yes I certainly did! (ref gold) Not entirely unexpected, but still brutal. Nice to see it up some today while stocks are still very weak.

[navyan] 05/8/2011 05:52

hi trader, just got your message about GOLD, as I have been travelling the last two weeks so not been watching the market at all. But think you have got the answer already about the GOLD by now.

GL trading.

[traderabc] 04/8/2011 22:11

Note the date (yesterday)

Marc Faber: China Bubble Crash Poses a Huge Global Risk

[lifechanger] 04/8/2011 21:57

All those short US (or UK) bonds are getting rogered


Treasury bond yields are plunging to levels seen in the 1950s on concern the two-year recovery in the world's largest economy is stalling

[traderabc] 04/8/2011 21:35

Poor Schiff, losing his voice warning people about the utter mess the U/ world is in.

Peter Schiff : Get Out of U.S. Assets | August 3, 2011

[traderabc] 04/8/2011 20:53

Keiser Report: Exorbitant Privilege

[traderabc] 04/8/2011 14:47

Its The OLIGARCHY, Stupid

[traderabc] 04/8/2011 14:28

Wednesday, August 3, 2011Jim Rogers on the Larry Kudlow CNBC 03 Aug 2011
Jim Rogers : well silver went up too Larry just to throw in a correction , the take is that the American economy got serious problems these clowns in Washington are increasing the debt , the idea that the solution to too much debt and too much consumption is too much debt is laughable Larry , the world understands that you should be very worried "
"what you got to do is take a chainsaw and cut the spending in Washington and do something about it Larry , America is the largest debtor nation in the history of the world this cannot go on , our creditors someday are going to say no more and that day is getting closer "
"Larry the study shows that you make more money in commodities than in the commodity stocks I own all the commodities as I said , Larry if things don't get better governments are going to print more money it is the wrong thing to do but Mister Bernanke is already talking in July and in August about printing more money , when they print money when they debase the currency you have to own real assets "

[traderabc] 03/8/2011 20:27

Thanks balt, listening to it now.


[KR169] Keiser Report: Peak Everything With James Howard Kunstler

[049balt] 03/8/2011 10:28

Trader, Click on Friday 29 July part 2.

[5nappy] 03/8/2011 00:09

who cares if u gotta few spare billion,lol,everythings upside down atm,weathers changing and everything else,exact weather says it will be a below normal winter this year,been right last 2 years,so get savin for bills and get xtra in,im not a doomslayer but im getin ready.

[lifechanger] 02/8/2011 23:02

Ref the big bond trade a couple of days ago - yields have fallen heavily since so the trade is many tens of millions down already. Still yields are almost as low as in the 2008 financial crisis even though the US was close to the edge so they can't fall any further, can they?