Best Of The Best Share Discussion Threads

[coincall] 26/9/2011 16:09

traderabc,

Thank you for the links, and will have a look at the gold thread.

[traderabc] 26/9/2011 15:51

Africa in the Time of the Global Economic, Financial and Propag


Insanely greedy megalomaniacs and their global network have declared a financial and economic holocaust, the worst in humankind's history.



They carpet bomb the world with their propaganda on what is "the right thing to do", their concept of "bailouts", "democracy", and their "pro-democracy agents" and bankrupt banks, which cannot serve their debts anymore. The EU, the UK and the US create more debt and inflation in order to inflate the debt away.

The recently described "global economic and financial junta", the EU, ECB and the IMF dictates the economic and financial terms.

Unelected, illegitimate megalomaniacs, asset stripping and bleeding entire nations to extermination head those. This emerged from a television discussion on Russian Television.

[coincall] 26/9/2011 15:42

traderabc,

if you buy actual shiny stuff, who do you use?

[traderabc] 26/9/2011 15:37

will the upcoming recession derail the agri. food bull market?

It has to affect it, the question must be to what extent. Looking at this one, it's not being hit that hard, yet. In this environment it may turn out to be a case of what falls the least and what recovers the best, I'm optimistic that the agri complex will be one of the better sectors.

[traderabc] 26/9/2011 13:21

there is good support at 28.98


Which is being tested today, I'm nervous, so much so I bought a little more!

[apdi71] 25/9/2011 17:09

Russia today point out that Ron Paul (Rogers pick for president) appears invisible to the US MSM, this a Fox poll showing Paul in first place vanished from Fox's website:

[049balt] 25/9/2011 16:32

Trader, will the upcoming recession derail the agri. food bull market?

[navyan] 25/9/2011 11:48

hi, I have edited my post, take a look again.

[traderabc] 25/9/2011 11:36

navyan, I agree it's entirely possible, those are not unreasonable targets, but I'm still not inclined to agree because my premise is that precious metals are in a strong bull market, your targets suggest a weak bull market.
The 'fundamentals' suggest a less severe retraction, the fundamentals for silver are still very good and this last few years are the first time in 30 years that silver has begun to reflect its true 'value'.

Armstrong was saying some months ago that the 'line in the sand' for silver was around the $28 area, he said if that area failed then your target area was applicable.

I tend to agree with that take, I'll be getting very nervous below $30 ish.

Rest assured I won't forget your call in a few weeks time, I just hope you're wrong though ;-)

[navyan] 25/9/2011 11:18

Trader, on the weekly time frame, I see silver going down to 21.38. However, there is good support at 28.98, which is 50% of the move from the low of 26/10/2008 and the top at 49.57.

here is the weekly chart for silver:

so GOLD will reach 1496, Silver will reach 21.3

of course we have to wait for many weeks to see if this will happen, by that time, people have already forgot about these two charts :)

[traderabc] 25/9/2011 09:52

"It is important to keep this retracement in context, as alarming as it might be even for those who hold positions for the long term but watch their portfolios in the short term."


23 September 2011
Net Asset Value of Certain Precious Metal Trusts and Funds


Although it is slightly less visible to those who only look at US equity markets, there is a liquidation sell off in the world markets especially Europe. This is helping to steepen the correction in the metals markets.

Notice from this chart that the gold/silver ratio is back over 50 again. And so I have become interested in silver again today for my short term interests.

[hazl] 25/9/2011 09:45

tend to agree traderabc think that its likely to be
back on an upward trajectory at some point soon

[traderabc] 25/9/2011 09:36

Ry Cooder takes on the bankers
By Nicola Stanbridge
Today Programme

The guitarist Ry Cooder is most famous for his Buena Vista Social club recording, which he used to highlight his opposition to America's trade embargo on Cuba.

In his new album he continues his political stance, claiming he will use his music to take on bankers and give voice to "ordinary working people".

[traderabc] 25/9/2011 09:34

navyan, you may well be right, with some time we will find out for sure. Personally I think we may be close to or on strong support already, but I have to think that as I'm still heavily long. I'd like to see the equivalent chart with gold (second chart)

[navyan] 24/9/2011 22:49

Hi Trader,

Just for your info. I believe we have seen the top on GOLD at 1921.

and I expect the first downside target will be 1496 where I will be a buyer, but until then I would remain short.

4hrs Chart:

Red arrow means sell, blue arrow means buy :)

[traderabc] 24/9/2011 08:31

Hay The Latest Target For Thieves As Prices Skyrocket


GRAPEVINE (CBSDFW.COM) – If the drought wasn't enough for farmers and ranchers to struggle with, now they are facing a growing threat. Thieves are targeting pastures and barns for suddenly valuable hay bales.

[traderabc] 23/9/2011 17:21

Wednesday, September 21, 2011
Jim Rogers Video Interview - The Wall Street Journal

Jim Rogers :...China is certainly going to have set backs along the way there is no question about that says legendary investor Jim Rogers ; they have raised interest rates four times during last year or so they raised reserve requirement eight times , they are trying to cool things out , I hope they are successful it will be good for them and it will be good for the world ....when America rose to greatness we had 15 recessions in the 19th century we had civil war we had very few human rights we had very little rule of law periodic massacres in the streets you could buy and sell congressmen , well you can still buy and sell congressmen but they were cheap in those days we had a lot of set backs but we became the most successful country in the 20th century Jim Rogers explains ....

[traderabc] 23/9/2011 17:14

Thursday, September 22, 2011
Jim Rogers on the Trade war started by Brazil

Jim Rogers : Well David everything is being killed right now as you can see. partly as you may know Brazil has sort of ignited a trade war and then put on tariffs with the people in Asia and right now China's trying to get the Europeans to let them open up the trade with China more and the Europeans are saying, no. so china is saying no. we won't bail you out. so there are all sorts of trade tensions developing. and currency tensions , it is not a good world
well, I hope the trade war doesn't break out, you know, throughout history when you've had trade wars it's caused depression. you saw what happened in 1930. it led to depression. and ultimately it led to war. so I hope it can be contained. I was very surprised to see Brazil do that. one of their largest trading partners is China and yet they certainly -- and Korea, yet they certainly hit China and Korea with 30% tariff increases. it's not fun.

[traderabc] 23/9/2011 17:13

Jim Rogers: Buy euro if Greece defaults

[traderabc] 23/9/2011 17:12

Jim Rogers: Fed Printing Money Again

[traderabc] 23/9/2011 09:55

Nigel Farage: Founding Member of the UK Independence Party (UKIP) & Member of the European Parliament (MEP) for the South East region and is the leader of the parliamentary party in the EU parliament.

The central aim of the party is the UK's withdrawal from the European Union and to regain control of this nation's governance through our own Parliament at Westminster.

Nigel was a Conservative activist from his schooldays until the overthrow of Margaret Thatcher; John Major's signing of the Maastricht Treaty brought his membership to an end.

He has worked for British, French and American companies operating in the commodity markets, especially the London Metal Exchange (since 1982).

[traderabc] 22/9/2011 13:09

The men who crashed the world

The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.
Meltdown Last Modified: 21 Sep 2011 09:26

In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.

[traderabc] 22/9/2011 12:24

Keiser Report: Troika Tanks & Junta Bots (E187)