Best Of The Best Share Discussion Threads

[tenapen] 23/10/2011 14:39

049balt,
Yesterdays Times as a page on the Agri sector. The Times being the times there is no link.
World population to rise in 20yrs from 6.8b to 8.2b people that meens more mouths to feed etc.

JIM knows his stuff and if He says his largest sector holding is in the Agri busines then it is not rocket science to folow him. Its a long game so no need to go hungry ;-) while we build a balanced portfolio in this sector. imo.

Regards.

[049balt] 22/10/2011 16:17

Trader, have you listened to the interview? it is very interesting.

[traderabc] 22/10/2011 14:43

Keiser Report Occupies World! (E200 Special)

[traderabc] 22/10/2011 14:18

Balt, This is the only one I can find, I might of put it up already.

Ned Schmidt: Higher Beef, Chicken and Pork Prices Coming

[049balt] 21/10/2011 22:37

Anything new from Agri-thoughts?

[traderabc] 21/10/2011 15:43

An Unprecedented 26 Million Americans Are Now Underemployed



Ben Baden
Business Insider
Thursday, October 20, 2011

While the number of unemployed workers has held steady at around 14 million in recent months, another telling measure of frustration in the labor market-the number of underemployed individuals-rose for a third consecutive month in September, by almost a half of a million people.

Almost 9.3 million Americans are considered underemployed, defined by the Bureau of Labor Statistics as working part-time for economic reasons, such as unfavorable business conditions or seasonal declines in demand.

That's up from just over 8 million in July, but down from a peak of about 9.5 million in September 2010. In addition, about 2.5 million individuals are considered "marginally attached to the labor force," meaning they were not in the labor force, wanted and were available for work, and looked for a job sometime in the prior 12 months. (They are not counted as unemployed because they had not looked for a job in the past four weeks prior to the survey.)

Put together, almost 26 million Americans are either unemployed, marginally attached to the labor force, or involuntarily working part-time-a number experts say is unprecedented.

[traderabc] 21/10/2011 13:00

Circus Erupts When Rick Amato Speaks At Occupy San Diego

[traderabc] 20/10/2011 23:18

Consensus versus the truth.


Max Keiser on PressTV: 'Greece economic crisis, sinister plot'

[traderabc] 20/10/2011 23:00

A very interesting interview on the need for #OWS to focus on the "hidden tax" of obscene banker compensation and bailouts. Taleb: "You need something to break the bank cartel... They caused the crisis... and last year they had record bonuses... this is not rational. They are hijacking the American economy."

[traderabc] 20/10/2011 22:58

Revealed – the capitalist network that runs the world

19 October 2011 by Andy Coghlan and Debora MacKenzie


AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.

[traderabc] 20/10/2011 22:55

Keiser Report: Live and Let Fail (E199)

[apdi71] 19/10/2011 20:09

Nassim Taleb believes wall street banker compensation comes from taxpayer bailouts, such institutions are a smoke and mirrors mechanism where compensation regularly comes out of one end, and vast surges of subsidy periodically go in the other :

[traderabc] 18/10/2011 20:27

SocGen Asia Strategist Has Near Fit On Bloomberg TV After Making It Clear That It's All The Blogosphere's Fault

SocGen's Todd Martin, who is the bank's Asia equity strategist (and, despite being regulated, failing to disclose he worked at Morgan Stanley previously), appeared on Bloomberg earlier today to discuss the Volcker Rule and prop trading, against which the anonymous blogosphere had some very "strong views" back in 2009 before anyone had even considered prop trading.


Full truly hilarious clip of a sellsider having a near-nervous breakdown due to a blog. Fast forward to 4 minutes in.

[eriktherock] 18/10/2011 18:35

Jim, stop trying to be trader. sniff

[traderabc] 18/10/2011 18:31

Keiser Report: Live by Fraud, Die by Fraud (E198)

[traderabc] 18/10/2011 18:27

Progress..


Goldman Reports Massive $0.84 Loss Per Share, Prop Trading Loss Of $2.5 Billion, Comp Accrual Of $358,713 Per Employee


Zero Hedge
October 18, 2011

Topline bloodbath Summary: Net revenues in Investment Banking were $781 million, 33% lower than the third quarter of 2010 and 46% lower than the second quarter of 2011. Net revenues in Financial Advisory were $523 million, up slightly from the third quarter of 2010.

[traderabc] 18/10/2011 13:13

Friday, October 14, 2011
Avoid Bonds & long commodities and currencies

Jim Rogers : "I wouldn't advise anybody to buy bonds, I would advise you to sell bonds,"

"If I were a bond portfolio manager, I would get another job."

"In the 70s you didn't make much money in stocks, you made fortunes owning commodities," - in CNBC



Inflation will get much worse this time

Inflation will get much worse this time because, in the 1970s only the Fed was printing money, whereas now many global central banks have been easing monetary policy. - Jim Rogers told CNBC this Friday



Jim Rogers : US to Experience Stagflation Worse Than 1970s

The U.S. economy is likely to experience a period of stagflation worse than the 1970s, which would cause bond yields to spike, governments were lying about the inflation problem and the recent rally in Treasurys was a bubble.- Jim Rogers told CNBC on Friday in Singapore

[traderabc] 18/10/2011 13:11

Monday, October 17, 2011
It is good to hold real assets at a time like this,

Jim Rogers : "I own commodities. I still maintain that is the best position to be in. If things continue to worsen they will print more money, that is all Bernanke knows to do. It is good to hold real assets at a time like this," - in CNBC

[traderabc] 18/10/2011 13:11

Monday, October 17, 2011
Let the European banks fail

Jim Rogers : "What they are doing in Europe is saving the day, not saving the system," said Rogers. "Just pumping up and bailing out another bank is not the solution, we need to let the banks fail."
"Yes you can rate test banks. You can get all of them together in a room and say you are going to fail, you are going to survive and we will work with you to make sure everyone's cheques still clear and deposits are good. Yes, help stockholders, but why bail out bondholders? Let them fail," - in CNBC

[navyan] 18/10/2011 13:04

yeah, possible.

[chestnuts] 18/10/2011 13:01

navyan

The wave overall is the 4th wether its bottomed at 1532 or not i expect it to go to 1587 ish and it could do it today.

[navyan] 18/10/2011 12:26

yeah, chest. with todays price action on GOLD, Mr. market is saying it will be a 4th wave, not the bullish wave count I was expecting.

but question is after this 5 wave down move completed, will this 5 waves be a big wave 1 on the bigger degree or is it a Big C in the bigger 4th wave on the weekly time frame. if you know what I mean.

[chestnuts] 18/10/2011 09:24

nayan

If you look back in history gold hit a top on 21st Jan 1980 the gold stocksdid not hit a top till Sept / Octo 1980 so using that as a guide gold and dold stocks do go out of sequence many times , but overall you have to have gold going up for the gold shares to follow.

I will also add that the wave down to 1532 looks like a 4th wave down and we know what happens on a 5th wave up on a super cycle and it could start as early as tommorrow being the 19th or it may wait till the 6 th of Nov.

[navyan] 17/10/2011 20:10

chest, thanks for the fib ratios explanation. I am aware of the fib sequence not only apply to the price but also apply to the time.

Have you got a weekly chart with the ew wave count? if so, do you wanna share it here if you got a different set of wave count as my weekly wave count in the previous post.

Also, looking at a few gold stocks, MML POG for instance, both have just completed a cycle, and the next should be upwards, which could be a good hint of where the price of Gold is heading next.

also the recent sell off was so sharp, it doesnt feel like a top, rather fits the character of the 4th wave.

although I am bullish on the US dollar in the next few months, which contradicts with my view on GOLD.

[chestnuts] 17/10/2011 13:28

elmfield

The hardest thing to say is i got it wrong, so yes certainly is true.